DGAP-News: Baader Bank AG: significant rise in net fee and commission income in first 9 months of the years
(firmenpresse) - DGAP-News: Baader Bank AG / Key word(s): Interim Report
Baader Bank AG: significant rise in net fee and commission income in
first 9 months of the years
28.10.2013 / 07:30
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Baader Bank - significant rise in net fee and commission income in first 9
months of the year
Baader Bank's net fee and commission income rose significantly in the first
nine months of 2013, reaching EUR 39.8 million - an increase of almost 41%.
This is partly due to the fact that the Swiss brokerage Helvea was
consolidated for the first time, following completion of the takeover on 2
August 2013. There was also an increase in net trading income, which was
over 8% higher than in the same period the previous year. Net interest
income fell by just under 17% as a result of lower interest margins.
The Bank made an operating loss of EUR 1.9 million during the first nine
months of the year. The result after taxes for the same period was a loss
of EUR 3.4 million.
The inclusion of the Helvea Group in the consolidated figures led to an
increase in administrative expenses of around 15%. Excluding this one-off
factor, the increase was only 1%. As at 30 September 2013 the Baader Bank
Group employed 478 staff (30.09.2012: 427).
Taking into account the fund for general banking risks, the Group's equity
stood at EUR 134.5 million as at 30 September 2013 (31.12.2013: EUR 138.9
million). The equity ratio at the end of the period was 17.2%.
Key figures in EUR m Q1-3 2013 Q1-3 2012End of Corporate News
Net interest income 3.4 4.1
Current income 1.4 1.4
Net fee and commission income 39.8 28.3
Net trading income 30.8 28.4
Administrative expenses -80.3 -69.8
Other income 1.8 5.9
Loan loss provisions 1.4 11.8
Operating loss/profit -1.9 10.1
Net loss/profit after taxes -3.4 8.0
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28.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleißheim
Germany
Phone: +49 89 5150 1882
Fax: +49 89 5150 29 1880
E-mail: communications(at)baaderbank.de
Internet: www.baaderbank.deISIN: DE0005088108
WKN: 508810
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart; Frankfurt in Open Market
End of News DGAP News-Service
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236345 28.10.2013
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Datum: 28.10.2013 - 07:30 Uhr
Sprache: Deutsch
News-ID 309652
Anzahl Zeichen: 4355
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Kategorie:
Business News
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