DGAP-News: Baader Bank AG gets off to a good start in 2012
(firmenpresse) - DGAP-News: Baader Bank AG / Key word(s): Quarter Results
Baader Bank AG gets off to a good start in 2012
24.04.2012 / 07:30
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At EUR 8.9 million, Baader Bank more than doubled its net profit after tax
in the first quarter of the current year compared to the same quarter in
the previous year (EUR 4.2 million). The main reason for this increase is
the price rebound in the bond market. The bank used the positive
environment in this segment to optimise its portfolio and, in particular,
to make significant reductions in its holdings of country bonds from
so-called GIIPS countries.
Moreover, performance in the capital markets in the first quarter was
dominated by investor uncertainty, which led to a considerable decline in
trading activities in all market segments. Order book turnover on the
Frankfurt Stock Exchange thus declined 27.6% compared to the previous
quarter last year. This had an especially negative effect on the Bank's
trading income, which fell 25.3% compared to the same period in 2011.
While net interest income and net fee and commission income remained steady
at previous year levels, administrative expenses declined for the first
time in quite a while. This was made possible primarily due to the Bank's
flexible compensation model and its rigorous cost controls.
When taking into account the fund for general banking risks, the Group has
equity totalling EUR 143.6 million as of 31 March 2012 (31 December 2011:
EUR 135.1 million). The Group employed a total of 417 people at the end of
the quarter (31 December 2011: 410).
Key figures in EUR m Q1 2012 Q1 2011The Executive Board
Net interest income 1,5 1,5
Net fee and commission income 9,7 9,5
Net trading income 15,2 20,3
Administrative expenses -25,8 -26,4
Other income/expenses 0,3 0,0
Loan loss provisions 9,3 -0,1
Result from ordinary activities 10,2 5,0
Net profit after taxes 8,9 4,2
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Published by:
Baader Bank Aktiengesellschaft
Dr. Hans-Wilhelm Eckert
Head of Corporate Communications
Weihenstephaner Str. 4
85716 Unterschleißheim
Tel: +49 (0) 89 5150 1881
Fax +49 0 89 5150 29 1880
hans-wilhelm.eckert(at)baaderbank.de
www.baaderbank.de
End of Corporate News
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24.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleissheim
Germany
Phone: +49 (0)89/ 5150-0
Fax: +49 (0)89/ 5150-291030
E-mail: info(at)Baaderbank.de
Internet: www.Baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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165752 24.04.2012
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Datum: 24.04.2012 - 01:30 Uhr
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