Healthy growth in core business combined with increasing operating profit

  • Strong improvement in operating profit (+ 29%); increase of total profit to EUR 24.3 million (2013: EUR 12.3 million) largely due to compensation dwpbank
  • Assets under Administration up by 37% to EUR 451 billion (2013: EUR 329 billion); Alternative Investment Fund Managers Directive (AIFMD) results in additional growth in custody business of over EUR 30 billion
  • Total income up 6%; operating income 8% lower due to less sales in the investment portfolio, pressure on margins and the ECB's liquidity policies
  • Costs down by 14%, mainly because of decrease in personnel expenses
  • Solvency, also under new Basel standards, remains strong at an average of 24% (2013: 23%)
  • Dividend maintained at EUR 0.64 (2013: EUR 0.64)

Read the full text of the press release Healthy growth in core business combined with increasing operating profit including the Consolidated Balance Sheet and Consolidated Income Statement (PDF in a new window).