DGAP-News

comdirect bank AG: Strong start to the year: comdirect generates EUR27.4m pre-tax profit in the first quarter of 2017 - Seite 3

At around 1.04 million, the number of customers in the B2B business line (ebase GmbH) remained virtually unchanged in the first quarter. The closures of custody accounts for capital-building payments usual in the spring were approximately compensated for by new business. As of the end of the first quarter, total assets under management increased to EUR31.38bn (end of 2016: EUR29.75bn).

More information on the new corporate design for onvista can be found at www.comdirect.de/presse

Overview

EUR thousand	Q1 16	Q2 16	Q3 16	Q4 16	Q1 17	Q1 17 vs.
						Q1 16
Net interest income
after provisions	32,024	30,973	28,784	27,105	24,513	- 23.5%
Net commission income	54,876	53,568	51,459	55,509	59,148	7.8%
Other income	1,804	42,827	1,693	1,002	6,473	258.8%
Administrative
expenses	64,977	63,217	62,907	69,859	62,707	- 3.5%
Pre-tax profit	23,727	64,151	19,029	13,757	27,427	15.6%
After-tax profit	17,270	49,037	13,597	12,607	20,372	18.0%