Dublin/Frankfurt, 23 July 2007.
DEPFA BANK plc released its second quarter 2007 results today. The net profit of € 126 m improved slightly on the level of the first quarter, taking the cumulative result to € 249 m for the first half year. Net fee and commission income totalled € 9 m. Gains from sale of assets rose significantly by 66% y-o-y to € 111 m while trading income stood at € 8 m, significantly lower than the comparative result of € 41 m in 2006. The Bank originated € 19 bn of new business in the second quarter in its client segments (Q1 2007: € 20 bn). Total expenditure rose by 25% y-o-y to € 70 m; the cost/income ratio was 31%. The Bank is on track to fully finalise the First Albany acquisition by the third quarter.
Group figures Q2 2007 (IFRS)
|
Q2 2007 |
Q2 2006 |
Change | |
|
Net interest income |
101 |
110 |
-8% |
|
Net fee and commission income |
9 |
12 |
-25% |
|
Net trading income |
8 |
41 |
-80% |
|
Gains less losses from financial assets |
111 |
67 |
66% |
|
Total operating income |
229 |
230 |
|
|
Operating expenses |
-70 |
-56 |
25% |
|
Profit before taxes |
159 |
174 |
-9% |
|
Profit after taxes |
126 |
140 |
-10% |
24.05.2007
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23.07.2007
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DEPFA BANK reports cumulative half year result of € 249 m - Q2 result of € 126 m -
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12.04.2007
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17.09.2007
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DEPFA BANK has completed its acquisition of the US Municipal Capital Markets Group of former First Albany Capital, Inc.
12.02.2007
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- Continuous investments for further revenue growth in 2007 and beyond -
20.12.2007
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DEPFA closes third EPIC CLO
23.07.2007
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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.