DGAP-News: DAB Bank AG / Key word(s): Half Year Results
DAB Bank AG: DAB Bank publishes its last quarterly report
14.08.2015 / 08:00
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DAB Bank publishes its last quarterly report
Merger into BNP Paribas Beteiligungsholding AG takes effect, squeeze-out
successfully completed/ H1 2015 profit before taxes is EUR9.31 million
Munich, August 14, 2015. After DAB Bank AG was merged into BNP Paribas
Beteiligungsholding AG and the shares of the minority shareholders were
transferred to the latter company on July 27, 2015, the former DAB Bank AG
is now defunct and the stock exchange listing has been cancelled. In
connection with the Commercial Register entry recording the merger, BNP
Paribas Beteiligungsholding AG was renamed DAB Bank AG.
The last quarterly report of the former DAB Bank AG, which covers the
period from April 1 to June 30, 2015, was published on today's date. In
these three months, DAB Bank generated a consolidated profit before taxes
of EUR2.88 million. The profit before taxes for the first six months of
2015 came to EUR9.31 million. DAB Bank registered further growth in its key
operational indicators. In the first half of 2015, it executed 3.57 million
trades for its customers, that being a third more than the trades executed
in the first half of last year. The net number of customers rose by an
impressive 22,000 to 672,441 in the first half. Since the end of 2014,
customer assets held in custody have risen steadily by nearly EUR4 billion
to EUR40.23 billion as of June 30, 2015.
Details on the operating results and key operational indicators can be
found in the company's quarterly report, which is available for download in
the Investor Relations section of the website www.dab.com.
DAB Bank Group: Key Operational Indicators and Operating Results according
to IFRS:
<pre>
Key operational indicators H1/2015 H1/2014
Customers No. 672,441 634,354
Securities accounts No. 637,725 619,302
Bank accounts No. 277,509 230,691
Trades executed No. 3,566,114 2,694,826
Trades per securities account, annualized No. 11.29 8.72
Customer assets held in custody EUR bn 40.23 34.87
thereof in investment funds EUR bn 19.93 17.03
Operating results H1/2015 H1/2014
Net interest income kEUR 15,431 24,768
Trading profit and profit from investments kEUR 1,011 1,982
Net commission income kEUR 53,349 43,158
Administrative expenses kEUR 59,428 56,607
Profit before taxes kEUR 9,305 12,457
Profit after taxes kEUR 7,235 8,348
Cost-income ratio in % 86.5 82.0
Earnings per share EUR 0.08 0.09
</pre>
<pre>
Key operational indicators Q2/2015 Q1/2015 Q2/2014
Customers No. 672,441 662,891 634,354
Securities accounts No. 637,725 632,689 619,302
Bank accounts No. 277,509 266,969 230,691
Trades executed No. 1,598,238 1,967,876
1,200,460
Customer assets held in custody EUR bn 40.23 40.79 34.87
thereof in investment funds EUR bn 19.93 20.30 17.03
Operating results Q2/2015 Q1/2015 Q2/2014
Net interest income kEUR 7,396 8,035 12,407
Trading profit and profit from kEUR -35 1,046 1,336
investments
Net commission income kEUR 23,929 29,420 20,386
Administrative expenses kEUR 29,317 30,111 28,123
Profit before taxes kEUR 2,877 6,428 5,584
Profit after taxes kEUR 2,872 4,363 3,748
Cost-income ratio in % 91.1 82.4 83.4
Earnings per share EUR 0.03 0.05 0.04
</pre>
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service of EQS Group AG.
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Language: English
Company: DAB Bank AG
Landsberger StraÃe 300
80687 München
Germany
Phone: +49 (0)89 500 68 1696
Fax: +49 (0)89 500 68 669
E-mail: ir@dab.com
Internet: www.dab-bank.de
ISIN: DE0005072300
WKN: 507230
End of News DGAP News-Service
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386667 14.08.2015
DGAP-News: DAB Bank AG: DAB Bank publishes its last quarterly report
| Quelle: EQS Group AG