DAB bank AG / Quarter Results 27.10.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, October 27, 2008. The DAB bank Group, which operates in Germany and Austria, earned a pretax profit of 1.48 million in the first nine months of 2008. The operating profit for the third quarter amounted to 7.03 million and for the first nine months, it came to 29.57 million. However, since September 15, when U.S. investment bank Lehman Brothers filed for protection under Chapter 11, the crisis in the financial markets has worsened considerably, leading to a massive widening of credit spreads. The mark-to-market valuation of DAB banks conservatively composed investment portfolio at September 30, 2008 reduced the value of the portfolio by 28.08 million. Therefore the pretax profit of the third quarter amounts to -21.05 million. The value of the banks investment portfolio was strictly measured on the basis of current market values. Therefore DAB bank is not carrying any undisclosed liabilities as it enters the fourth quarter. Now as before, DAB bank is comfortably capitalized and possesses ample liquidity. DAB banks equity ratio was 11.18% at September 30, 2008 (December 31, 2007: 10.90%), which is significantly higher than the minimum required regulatory ratio of 8%. Also at September 30, DAB banks liquidity ratio, which is calculated in accordance with the German Liquidity Regulation, came to 3.98 (December 31, 2007: 4.88), also well above the minimum required regulatory ratio of 1.0. DAB bank has had a good start into the fourth quarter. Since mid-September, there was a substantial increase in the trading activity of customers, along with the attendant positive effects on the commission income. Contact: If you have queries, please contact Dr. Jürgen Eikenbusch, DAB bank, +49 89 500 68 595 oder communications@dab.com. DGAP 27.10.2008 --------------------------------------------------------------------------- Language: English Issuer: DAB bank AG Landsberger Straße 300 80687 München Deutschland Phone: +49 (0)89 500 68 595 Fax: +49 (0)89 500 68 669 E-mail: communications@dab.com Internet: www.dab.com ISIN: DE0005072300 WKN: 507230 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf; Foreign Exchange(s) Paris End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: DAB bank AG: 29.57 million profit before valuation effects at September 30, 2008 / Pretax profit for the first nine months at 1.48 million due to strict mark-to-market valuation of investment portfolio / Good start into the fourth quarter
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