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    Munich (ots Ad hoc-Service) -        

    With revenues above EUR 45 million and pre-tax profit ex-marketing of EUR 10.1 million in the and quarter 2000, Direkt Anlage Bank AG has exceeded its forecasts.

    Direkt Anlage Bank AG, Munich (DAB) achieved earnings before tax and marketing of EUR 10.1 million in the 2nd quarter 2000 (up 735 percent year to year). DAB'S revenues came to EUR 45.2 million (up 200 percent year to year). Total revenues comprise gross commission income of EUR 33.4 million, net interest income after risk-provisions of EUR 10.2 million and other operating income of EUR 1.6 million. Total operating expenses were EUR 45.7 million including EUR 10.6 million for marketing.

    At the end of the 2nd quarter 2000, DAB was managing 293,000 securities accounts, a three-fold increase over the year-ago quarter. Total customer assets under management came to EUR 11.6 billion at the end of the quarter (up 147 percent over the 2nd quarter of 1999) of which mutual funds comprised 4.3 billion (up 105 percent year to year). The number of securities transactions rose to 1.4 million tup 218 percent over the 2nd quarter of 1999).

    The full report on the and quarter 2000 results can be downloaded from the website at: http://www.dabstock.com.

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