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comdirect - eine Marke der Commerzbank AG

ots Ad hoc-Service: comdirect bank AG <DE0005428007> comdirect bank AG has increased its profits to EURO 36.8 million in this first half-year

Quickborn (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
comdirect bank AG, Germany, (WKN 542800) has been able to
considerably increase the net commission income and net interest
income in the first half-year of 2000 compared to the same period of
time of the previous year. Thus the profit before taxes has increased
from EURO 2.5 million in the first six months of 1999 to EURO 36.8
million in the first six months of this year.
The net interest income has increased from EURO 8.2 million to
EURO 23.6 million by EURO 15.4 million. The net commission income
also went up by 243 % to EURO 104.5 million compared to the previous
year. The positive development of the revenues has mainly resulted
from the enormous growth in customers and the positive order figures
in the first six months of this year. Thus the number of direct
brokerage customers of comdirect has risen from 226,159 (31 December
1999) to 505,252 (30 June 2000) by 279,093. This corresponds to an
increase of 123 %. The figure of the executed orders has increased
from 1.6 million of the same period of the year 1999 to 5.4 million
in the first half-year of 2000 by 3.8 million. The turnover in
securities has reached a total of EURO 19.9 billion in the last six
months and has thus been more than tripled compared to the same
period of the previous year.
With the enormous growth in customers in the first half-year, the
personnel capacity has also been extended, i.e. the number of
employees has been increased from 695 as of 30 June 1999 to 1,334 as
of 30 June 2000.
contact:
comdirect bank AG 
   Gregor Sparfeld Investor Relations 
   Phone: ++49 / 4106 /704-1966
End
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