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comdirect - eine Marke der Commerzbank AG

ots Ad hoc-Service: comdirect bank AG <DE0005428007> comdirect bank AG increases profit to EUR 53.9 million as at 30 September 2000

Quickborn / Germany (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
comdirect bank AG (WKN 542800) today announced that it has
continued its positive business development during the first nine
months of this year and clearly exceeded its target figures.
comdirect was able to gain almost 300,000 new direct brokerage
customers during the first three quarters - a new record for the
first three quarters of any year in the company's history. Total
deposits and custody accounts increased to EUR 12.4 billion, up 95%
as compared to 30 September 1999. Securities turnover totalled EUR
28.4 billion during the first nine months of this year.
comdirect posted a net commission income of more than EUR 150.0
million by carrying out over 7.8 million orders during the first nine
months of the year - an increase of more than 200% compared to the
first three quarters of 1999. During the same period, net interest
income before provisions grew by EUR 26.4 million to EUR 42.0
million.
Administrative expenses showed a moderate increase of 148% to EUR
138.8 million as compared to the first three quarters of 1999,
enabling comdirect to report a pre-tax profit of EUR 53.9 million.
Compared to the same period of last year, this represents an increase
of EUR 44.4 million or 466%.
For the business year 2000, comdirect will for the first time
publish a consolidated financial statement. The cumulative expenses
of the company's European subsidiaries will impact comdirect's
consolidated results.
Detailed information about the quarterly figures of comdirect will
be published in our Quarterly Report III/2000 on our website at
www.comdirect-ag.de.

Contact:

comdirect bank AG

Gregor Sparfeld Investor Relations

Tel.: ++49 / 4106 / 704-1966 Fax : ++49 / 4106 / 704-1969 e-mail:
investorrelations@comdirect.de

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