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ots Ad hoc-Service: Direkt Anlage Bank AG <DE0005072300> DAB Europe\047s biggest Discount Broker

Munich/Frankfurt (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
In terms of total customer assets under management, DAB now ranks
in first position. 1.97 million Euros in pre-tax earnings for the
year 1999 and out standing figures in the first quarter of the year
2000: 220,000 securities portfolios and 1.4 million transactions
executed.
Direkt Anlage Bank AG (DAB), Munich, became Europe's biggest
discount broker according to total customer assets under management
which amounted to 8.4 billion Euros end 1999 and continues to report
soaring growth. According to preliminary figures, in the first
quarter of the current fiscal year, the discount broker acquired
90,000 new customers (figures of March 22, 2000 projected to the end
of the quarter). This means that the bank has gained three times as
many new customers as it did in the 4th quarter of 1999. The number
of securities portfolios under management rose by 69 per cent from
end-1999 to end-March 2000, to reach 220,000. While the number of
securities transactions executed by DAB in the 4th quarter amounted
to 840,000, the figure in the 1st quarter came to as many as
1,400,000, representing an increase of 67 per cent. Likewise, DAB's
Financial Community continues to grow in leaps and bounds, totaling
some 170,000 members by end-March, more than double the number three
months earlier. DAB, the pioneer among Germany's full-service
discount brokers, announced these figures during its annual press
conference in Frankfurt on Thursday.
The bank's robust growth already became evident during the last
financial year. Pre-tax earnings as at December 31, 1999 amounted to
1.97 million. In the process, DAB exceeded its earnings threshold
according to schedule, after major and expansion-oriented investments
in its technical infrastructure and human resources had impacted
adversely on the company's earnings in previous years.
DAB's Chairman or the Board, Matthias Kröner; "We already did our
homework prior to the IPO; now we can go ahead and invest massively
in expanding our market share."
Key financials:
1998   1999       4th       1st      Growth
                        Year   Year     Quarter   Quarter     4/99 -
                                         1999      2000 *     1/00
Net new 
accounts          29,000     51,032    29,000     90,000       210%
Executed securities 
                1,387,00  2,240,000   840,000  1,400,000        67%
transactions           0
Transactions per        
account / year
                    21.7      21.4        29         32        10%
Portfolios under     
management
                  78,500   130,000   130,000     220,000       69%
Customer assets (in     
billions of euros)
                     3.8       8.4      8.4        11.0        31%
Members of DAB's                          
Community
                                     81,000     170,000       110%
Pre-tax earnings  - 4.28     1.97
(in millions of
euros)
* Figures of the 1st quarter of the year 2000 were projected from
the position as at March 22, 2000 to the end of the quarter.
End of Message 
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