DAB BNP Paribas

ots Ad hoc-Service: Direkt Anlage Bank AG DAB continues to post strong growth Discount Broker presents final quarterly figures

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    München / Frankfurt (ots Ad hoc-Service) -      

      - earnings 1,04 million EUR- DAB's split-second trade
increasingly popular

    Direkt Anlage Bank AG (DAB), Munich, continues to grow rapidly: Certified earnings before taxes according to IAS amounted to EUR 1.04 million for the first quarter of this year - an increase of 152 per cent year on year. Net commission income reached EUR 26.1 million, which is three times as high as at end-March 1999. Net interest income in the same period amounted to EUR 7.2 million and has thus more than doubled in comparison with the first quarter of 1999.

    In the first three months of this year, DAB opened 92,000 new securities accounts. As at March 31, the bank had 221,510 portfolios under management - 160 per cent more than at end- March 1999. Customers processed and settled 1.45 million securities transactions which represents a gain of 227 per cent compared to 1. quarter 1999.

    The share of transactions being handled in DAB'S off-board split-second trading rather than via the stock exchange is growing constantly and currently is just under one third.

    Direkt Anlage Bank AG Landsberger Str. 428 81421 Muenchen www.direktanlagebank.com

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