Dublin/Frankfurt, 3 August 2004.
With a net profit of € 128 m DEPFA BANK managed again to outperform the excellent first quarter (€ 125 m). DEPFA BANK is raising its net profit guidance for the full year 2004 from € 400 m to more than € 450 million. DEPFA has received several indications of interest for the sale of Deutsche Pfandbrief-bank, its German subsidiary. However, the recently announced changes to the legal framework for asset covered bonds may also have positive impacts on the sell process overall. In this context DEPFA has decided to fully evaluate these opportunities prior to agreeing on a sale. The decision to dispose of Deutsche Pfandbriefbank remains in place.
Group Figures (Q2 2004)
|
|
Q2 2004 |
Q2 2003 |
Change |
|
Extended net interest income |
104 |
95 |
9.5 |
|
Net commission income |
20 |
16 |
25.0 |
|
Trading result |
57 |
9 |
|
|
Income from sale of assets |
8 |
34 |
-76.5 |
|
Total revenues |
189 |
154 |
22.7 |
|
Administrative expenditure |
-41 |
-27 |
51.9 |
|
Income before income taxes |
145 |
123 |
17.9 |
|
Group net income |
128 |
93 |
37.6 |
|
Cost/income ratio |
21.7% |
17.5% |
|
Contact:
Hanno Strube
Marc Towner
Henrik Hannemann
12.11.2004
Press Release
DEPFA BANK closes first PFI collateralised loan obligation
03.11.2004
Ad hoc statement according to §15 German securities law
DEPFA BANK with yet another record quarterly result
03.11.2004
Press Release
DEPFA BANK with yet another record quarterly result
- 9 months net profit already exceeds full year result 2003
19.10.2004
Press Release
DEPFA BANK Advises Polish City of Czestochowa in First Rating
13.08.2004
Press Release
Management Appointment at DEPFA BANK
03.08.2004
Ad hoc statement according to §15 German securities law
DEPFA BANK with a new record quarterly result
03.08.2004
Press Release
DEPFA BANK continues 3-year strong profit growth, presenting yet another strong record quarterly result
- € 128 million in net profit in Q2, € 21 billion in new business generated
05.05.2004
Ad hoc statement according to §15 German securities law
DEPFA BANK´s profits up 51% in the first quarter
05.05.2004
Press Release
DEPFA BANK’s profits up 51% in the first quarter -
All geographical areas and products contributed to a strong profit growth
01.03.2004
Ad hoc statement according to §15 German securities law
DEPFA BANK plc will sell its German subsidiary Deutsche Pfandbriefbank AG to support further international expansion
01.03.2004
Press Release
DEPFA BANK plc will sell its German subsidiary Deutsche Pfandbriefbank AG to support further international expansion
16.02.2004
Ad hoc statement according to §15 German securities law
Record profits for DEPFA BANK in 2003
16.02.2004
Press Release
Record profits for DEPFA BANK in 2003
- DEPFA confirms guidance for double-digit growth -