Archive 2007
DEPFA BANK with a solid start in 2007
Ad hoc statement according to Irish Market Abuse Regulations
Dublin/Frankfurt, 2 May 2007.
DEPFA BANK plc released its first quarter 2007 results today. Net profit totalled € 123 m (-8% compared to Q1 2006). Net interest income stood at € 101 m (y-o-y down 6%) while net fee and commission income rose by 20% to € 6 m. Net trading income totalled € 12 m, gains from sale of assets were up by 47.1% to € 103 m and operating expenses rose y-o-y by 15.5% to € 67 m. Despite a y-o-y staff increase of 26% the cost/income ratio remained at a moderate level of 30.2%. Profit before taxation amounted to € 155 m. The operating performance remained sound in the light of an accelerated level of investments in client activities; the combined pre-tax result of Budget Finance, Infrastructure Finance and Client Product Services was up 12% y-o-y to € 173 m. DEPFA BANK is confident that it is on track in its plans to create a dynamic earnings base from its client business but adequate time must be allowed for factors such as consistently rising gains in competitiveness and the healthy transaction pipeline in client derivatives to feed through fully into its results. The ongoing investments in business capacity will underpin DEPFA´s transformation into a full service provider for the financial needs of the public sector worldwide.
Group figures Q1 2007 (IFRS)
|
|
Q1 2007 |
Q1 2006 |
Change |
|
Net interest income |
101 |
107 |
-5.6% |
|
Net fee and commission income |
6 |
5 |
20.0% |
|
Net trading income |
12 |
62 |
-80.6% |
|
Gains less losses from financial assets |
103 |
70 |
47.1% |
|
Total operating income |
222 |
244 |
-9.0% |
|
Operating expenses |
-67 |
-58 |
15.5% |
|
Profit before taxes |
155 |
186 |
-16.7% |
|
Profit after taxes |
123 |
134 |
-8.2% |
Contact:
Marc Towner
Henrik Hannemann
Patrik Fischer
24.05.2007
Press Release
DEPFA BANK plc appoints Michael O´Hara to spearhead Asset Management Initiative
23.07.2007
Press Release
DEPFA BANK reports cumulative half year result of € 249 m - Q2 result of € 126 m -
02.05.2007
Press Release
DEPFA BANK with solid start in 2007: net profit of € 123 m in Q1
12.04.2007
Press Release
DEPFA BANK plc appoints Eric Schuh as Head of Investor Relations
17.09.2007
Press Release
DEPFA BANK has completed its acquisition of the US Municipal Capital Markets Group of former First Albany Capital, Inc.
12.02.2007
Press Release
DEPFA BANK reports 2006 net profit of € 526 m (+11%)
- Continuous investments for further revenue growth in 2007 and beyond -
20.12.2007
Press Release
DEPFA closes third EPIC CLO
23.07.2007
Press Release
Recommended Merger of Hypo Real Estate Holding AG and DEPFA BANK plc
12.02.2007
Ad hoc statement according to Irish Market Abuse Regulations
DEPFA BANK reports 2006 net profit of € 526 m (+11%)
06.03.2007
Ad hoc statement according to Irish Market Abuse Regulations
DEPFA BANK plc agrees to acquire US municipal capital markets business of First Albany Capital Inc.
24.09.2007
Ad hoc statement according to Irish Market Abuse Regulations
Results of Court Meeting and DEPFA EGM
02.10.2007
Ad hoc statement according to Irish Market Abuse Regulations
High Court of Ireland sanction of Scheme
23.07.2007
Ad hoc statement according to Irish Market Abuse Regulations
Recommended Merger of Hypo Real Estate Holding AG and DEPFA BANK plc by means of a Scheme of Arrangement under the Irish Companies Act
26.04.2007
Press Release
DEPFA BANK plc appoints Cyril Dunne as Chief Operating Officer and Member of the Executive Committee
02.05.2007
Ad hoc statement according to Irish Market Abuse Regulations
DEPFA BANK with a solid start in 2007
01.10.2007
Ad hoc statement according to Irish Market Abuse Regulations
Change of Expected Timetable of Events
23.07.2007
Ad hoc statement according to Irish Market Abuse Regulations
DEPFA BANK with net profit of € 126 m in Q2
06.03.2007
Press Release
DEPFA BANK plc agrees to acquire US municipal capital markets business of First Albany Capital Inc.
