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DGAP-News: Baader Bank announces profit after tax of EUR2.9 million for the first half of 2014

July 29, 2014

DGAP-News: Baader Bank AG / Key word(s): Half Year Results Baader Bank announces profit after tax of EUR2.9 million for the first half of 2014 30.07.2014 / 07:30 --------------------------------------------------------------------- Baader Bank announces profit after tax of EUR2.9 million for the first half of 2014 In the first half of 2014, the Baader Bank Group achieved profit after tax of EUR2.9 million (first half of 2013: loss of EUR0.5 million). Operating profit stood at EUR3.7 million (first half of 2013: EUR0.1 million). Net trading income increased by 43.5%, or EUR7.9 million, to EUR26.2 million. Equities market-making activities made a particularly large contribution to this. Stock market newcomers Braas Monier, Buwog and Stabilus engaged the Bank to act as a specialist to handle trading in their shares on the Frankfurt Stock Exchange. Net fee and commission income rose by just under 10%, or EUR2 million, to EUR22.7 million. The Bank's subsidiary Baader & Heins and its associate Gulf Baader Capital Markets (GBCM) both achieved good results. At EUR1 million, net interest income was considerably lower than in the previous year, since liquidity that was freed up as a result of portfolio restructuring was invested in bonds that offer significantly lower returns, but increased security. Administrative expenses were EUR7.6 million higher than for the same period in the previous year. The increase is largely attributable to the integration of Helvea, along with higher levels of variable remuneration. As at 30 June 2014 the Baader Bank Group employed 487 staff (30 June 2013: 440). Taking into account the fund for general banking risks, the Group's equity stood at EUR137.9 million as at 30 June 2014 (31 December 2013: EUR135.4 million). The equity (leverage) ratio at the end of the period was 20%. Key figures in EUR million H1 2014 H1 2013 Net interest income 1.0 2.0 Current investment income 0.9 1.1 Net fee and commission income 22.7 20.7 Net trading income 26.2 18.2 Administrative expenses -55.4 -47.9 Other income and expenses 8.3 5.9 Operating profit 3.7 0.1 Net profit after taxes 2.9 -0.5 --------------------------------------------------------------------- 30.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------- Language: English Company: Baader Bank AG Weihenstephaner Str. 4 85716 Unterschleißheim Germany Phone: +49 89 5150 1882 Fax: +49 89 5150 29 1880 E-mail: Internet: ISIN: DE0005088108 WKN: 508810 Listed: Freiverkehr in Berlin, DÜsseldorf, Hamburg, Hannover, MÜnchen (m:access), Stuttgart; Frankfurt in Open Market End of News DGAP News-Service --------------------------------------------------------------------- 279816 30.07.2014

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Source: DGAP Corporate News

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