Archive 2007
DEPFA BANK reports 2006 net profit of € 526 m (+11%)
Ad hoc statement according to Irish Market Abuse Regulations
Dublin/Frankfurt, 12 February 2007.
DEPFA BANK plc released its preliminary 2006 full year results today. Net income rose by 11% to € 526 m, corresponding to a RoE of 21% after tax. Net interest income was virtually flat at € 425 m while net fee and commission income rose by 60% to € 32 m. Net trading income totalled € 140 m, gains from sale of assets declined by 42% to € 277 m and operating expenses rose by 6% to € 228 m. Despite a staff increase of 20% in 2006 (100 new hires) the cost/income ratio remained virtually unchanged at 26%. Profit before taxation amounted to € 646 m, up 8% year-on-year. In 2006 DEPFA originated approximately € 59 bn in new Budget Finance and Infrastructure Finance commitments. DEPFA is very confident about its investment strategy and future business growth. It will continue to invest in its franchise, products and systems for future revenue growth in the years 2007 and beyond. At the Annual General Meeting on 20 April 2007 in Dublin DEPFA BANK plc will propose a substantial increase in dividends from 25 to 40 Cent per share (+60%).
Preliminary Group figures 2006 (IFRS)
|
|
2006 |
2005 |
Change |
|
Net interest income |
425 |
422 |
0.7% |
|
Net fee and commission income |
32 |
20 |
60.0% |
|
Net trading income |
140 |
-114 |
|
|
Gains less losses from financial assets |
277 |
480 |
-42.3% |
|
Total operating income |
874 |
815 |
7.2% |
|
Operating expenses |
-228 |
-215 |
6.0% |
|
Profit before taxes |
646 |
597 |
8.2% |
|
Profit after taxes |
526 |
475 |
10.7% |
Contact:
Marc Towner
Henrik Hannemann
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Ad hoc statement according to Irish Market Abuse Regulations
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Ad hoc statement according to Irish Market Abuse Regulations
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Ad hoc statement according to Irish Market Abuse Regulations
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Ad hoc statement according to Irish Market Abuse Regulations
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