DGAP-News: Baader Wertpapierhandelsbank AG

DGAP-News: Baader Bank AG / Key word(s): Half Year Results/Preliminary Results Baader Bank AG: Provisional consolidated net profit of Baader Bank AG for the first half year 2011 in accordance with the German Commercial Code (HGB)

13.07.2011 / 11:50

---------------------------------------------------------------------

Baader Bank AG's earnings performance in the second quarter of 2011 was heavily impacted by the escalating debt crisis. The result was a decline in trading activity by private and institutional investors in all market segments. Nevertheless, in the period from April to June, Baader Bank was able to generate a small profit after taxes.

Comparing figures for the first six months, these developments led mainly to a sharp decline in net trading income from EUR 31.2 million to EUR 27.1 million. Net interest income and net fee and commission income, on the other hand, remained on a par with the previous year at EUR 3.0 million and EUR 17.9 million (H1 2010: EUR 18.3 million) respectively. Administrative expenses in the first six months of 2011 were up from EUR 43.8 million to EUR 48.4 million. For the first half of the year, Baader Bank AG therefore posts a profit after taxes of EUR 4.9 million (H1 2010: EUR 10.8 million).