All Stories
Follow
Subscribe to comdirect - eine Marke der Commerzbank AG

comdirect - eine Marke der Commerzbank AG

ots Ad hoc-Service: comdirect bank AG <DE0005428007> comdirect bank group reports consolidated pre-tax profit of EUR 25.6 million for the business year 2000

Quickborn (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
comdirect bank Aktiengesellschaft
(WKN 542 800 ) presents its first ever consolidated financial
statements for the business year 2000. In addition to the results of
comdirect bank AG, Quickborn, Germany, the consolidated financial
statements also include the affiliated companies comdirect ltd,
London, comdirect S.A., Paris, and comdirect bank S.p.A., Milan.
comdirect recorded a very strong growth in the number of new
customers during the business year 2000, increasing its group-wide
customer base by 300,000 to 577,465 as at 31 December 2000. A higher
trading activity, which is reflected in a total of 10.3 million
executed orders, led to an improved earnings situation of the
comdirect bank group as compared to 1999. During the past business
year, the higher trading activity of comdirect's customers resulted
in an increase of EUR 113.6 million in net commission income from
online brokerage orders for the comdirect bank group. In 2000, net
commission income within the group grew from EUR 77.3 million (
comdirect bank AG: EUR 77.3 million ) to EUR 190.9 million (
comdirect bank AG: EUR 189.8 million ), an increase of 147 percent.
Net interest income before provisions went up 156.5 percent to EUR
57.7 million ( comdirect bank AG: EUR 56.7 million) compared to the
business year 1999. Administrative expenses increased from EUR 85.4
million ( comdirect bank AG: EUR 79.1 million) to EUR 221.0 million 
(comdirect bank AG: EUR 179.4 million) during the past year. Included
in this figure are expenses caused by the commencement of operations
of comdirect's European subsidiaries and the establishment of a
second German location of comdirect bank AG in Kiel. In the business
year 2000, the consolidated pre-tax profit grew from EUR 14.6 million
(comdirect bank AG: EUR 20.million ( comdirect bank AG: EUR 16.7
million) to EUR 2.7 million ( comdirect bank AG: EUR 35.2 million)
from 1999 to 2000. Contact: comdirect bank AG, Investor Relations,
Tel.: ++49 / 4106 / 704 / 1966
End of message
Internet: http://recherche.newsaktuell.de

Original content of: comdirect - eine Marke der Commerzbank AG, transmitted by news aktuell

More stories: comdirect - eine Marke der Commerzbank AG
More stories: comdirect - eine Marke der Commerzbank AG