DEPFA BANK plc, the Public Finance specialist, today released an excellent set of results for the first half of 2003, with Group net income up by 24%, to € 176 million. This corresponds to a return on equity after taxes of 30% and underscores DEPFA BANK’s confidence in achieving Group net income of € 300 million for the whole year. DEPFA is therefore capable of surpassing its original forecast by € 50 million. Total revenues totalled € 298 million in the first-half year, up 41% year-on-year. Extended net interest income was up 33% to € 175 million, while net commission income improved significantly to € 36 million (compared with ‑€ 3 million for the same period of 2002).
Group figures as of 30. 6. 2003
|
|
30.6.2003 |
30.6.2002 |
Change |
|
Extended net interest income |
175 |
132 |
32.6 |
|
Commission income |
36 |
-3 |
|
|
Trading result |
35 |
13 |
|
|
Income from sale of assets |
52 |
70 |
-25.7 |
|
Total earnings |
298 |
212 |
40.6 |
|
Administrative expenditure |
-54 |
-43 |
25.6 |
|
Group retained income before taxes |
238 |
170 |
40.0 |
|
Group retained income (from |
176 |
142 |
23.9 |
|
Cost/income ratio |
18.1% |
20.3% |
|
Contact:
Hanno Strube
Marc Towner
Henrik Hannemann
30.12.2003
Press Release
DEPFA BANK plans € 20 bn of new long-term issuance in 2004
06.11.2003
Press Release
DEPFA Holding has placed 40.8% stake in DEPFA BANK plc
with institutional investors at € 90.00
04.11.2003
Ad hoc statement according to §15 German securities law
DEPFA BANK raises profit target once more
04.11.2003
Press Release
DEPFA Holding offers 40.8% stake in DEPFA BANK plc to institutional investors in the capital markets
04.11.2003
Press Release
DEPFA BANK raises its profit target for 2003 once more
- Net profit of € 350 m expected for the full-year
05.08.2003
Ad hoc statement according to §15 German securities law
DEPFA BANK on track for top result in 2003
05.08.2003
Press Release
DEPFA BANK on track for outstanding result in 2003
Profit guidance for 2003 raised from € 250 million to € 300 million
13.05.2003
Press Release
DEPFA BANK expects 2003 profit to exceed previous forecasts
Excellent first quarter: net profit up by 43% to € 83 million
13.05.2003
Press Release
DEPFA BANK s’attend à voir son résultat 2003 dépasser ses prévisions antérieures.
Excellent 1ier trimestre: benefice net en hausse de 43% à 83 million d’euros (in French)
13.05.2003
Ad hoc statement according to §15 German securities law
DEPFA BANK expects 2003 profit to exceed previous forecasts
26.03.2003
Ad hoc statement according to §15 German securities law
Surge in earnings at DEPFA BANK exceeds 2002 targets
26.03.2003
Press Release
Surge in earnings at DEPFA BANK exceeds 2002 targets
Net profit up by 72% to € 236 million
26.03.2003
Press Release
Le bond des résultats de DEPFA BANK dépasse les objectifs 2002
Résultat net en hausse de 72% à 236 millions d’euros (in French)
27.02.2003
Press Release
DEPFA launches first Irish Asset Covered Securities (ACS)
20.02.2003
Press Release
DEPFA obtains AAA rating for Irish Asset Covered Securities (ACS)