Dublin/Frankfurt, 28 April 2006.
DEPFA BANK plc today released its first quarter results 2006. With a net profit of € 134 m (up 13% y-o-y) DEPFA achieved its best ever quarterly result. This corresponds to a return on equity after tax of 23% (pretax: 31%). The profit in the first quarter was achieved largely on the back of a significant increase in operating income, which rose 24%. Net interest income fell slightly by 3% to € 107 m. The trading result of € 62 m is up 38% y-o-y. Total expenditure rose by 9% to € 58 m due primarily to the higher costs of a bigger workforce that has grown more than 20% in the past year. The cost-income ratio fell to 24% from 27% in Q1 2005. Profit before taxes totalled € 186 m, an increase of 29% y-o-y.
Group figures Q1 2006 (IFRS)
|
|
Q1 2006 |
Q1 2005 |
Change |
|
Net interest income |
107 |
110 |
-2.7% |
|
Net fee and commission income |
5 |
4 |
25.0% |
|
Net trading income |
62 |
45 |
37.8% |
|
Gains less losses from financial assets |
70 |
35 |
100.0% |
|
Other operating income |
- |
3 |
|
|
Total operating income |
244 |
197 |
23.9% |
|
Operating expenses |
-58 |
-53 |
9.4% |
|
Profit before taxes |
186 |
144 |
29.2% |
|
Profit after taxes |
134 |
119 |
12.6% |
Contact:
Hanno Strube
Henrik Hannemann
06.12.2006
Press Release
DEPFA BANK appoints Angus Cameron as CFO
01.11.2006
Press Release
DEPFA BANK appoints Dr Wolfgang Roth and Dr Ian Goldin as members of its International Advisory Council
30.10.2006
Ad hoc statement according to §15 German securities law
DEPFA BANK raises dividend from € 0.25 to € 0.40 (+60%)
30.10.2006
Press Release
DEPFA BANK raises dividend from € 0.25 to € 0.40 (+60%) - Net profit of € 110 m in the third quarter -
31.07.2006
Press Release
DEPFA BANK with strong growth in high quality earnings - Second quarter net profit reaches € 140 m (+11%)
31.07.2006
Ad hoc statement according to §15 German securities law
DEPFA BANK with strong growth in high quality earnings
12.07.2006
Press Release
DEPFA closes second EPIC CLO
01.06.2006
Press Release
DEPFA BANK´s senior unsecured ratings on AA- / Aa3 / AA- stable at all rating agencies
28.04.2006
Press Release
DEPFA BANK with record quarterly result, strong revenue growth - Net profit of € 134 m in Q1 2006; RoE of 23% after tax
28.04.2006
Ad hoc statement according to §15 German securities law
DEPFA BANK with record quarterly result, strong revenue growth
27.04.2006
Press Release
DEPFA BANK appoints Paul Leatherdale as Member of the Executive Committee
14.02.2006
Press Release
DEPFA BANK raises dividend by 47% - Net profit of € 475 m in 2005, important changes in Management -
14.02.2006
Ad hoc statement according to §15 German securities law
DEPFA BANK raises dividend by 47%