pier_pat
Mountaineering
certo che imbroccare il cavallino giusto tra 523 155 e srlev non sarebbe niente male
nel mio piccolo, per non saper leggere e scrivere, ne ho prese un po' di tutte e tre, con binck of course
Ultima modifica:
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 2
- Creatore Discussione caligola2005
- Data di Inizio
- Stato
nel mio piccolo, per non saper leggere e scrivere, ne ho prese un po' di tutte e tre, con binck of course
Zorba
Bos 4 Mod
Postbank increases earnings in a difficult environment
Press release of Aug. 10, 2012
In the first half of the year, profit before taxes increased clearly to €247 million (previous year: €144 million) – New business grew in almost every product area – Integration into the Deutsche Bank Group is progressing well
Deutsche Postbank AG closed the first half of 2012 with net income before taxes of €247 million. Compared with the previous year (€144 million), it increased by more than 70%. It benefited from its strict cost discipline and from declining write-downs on Greek government bonds. After taxes, the bank generated profit of €174 million (€98 million in the first half of 2011). “This is also gratifying because Postbank, like all deposit-rich institutions, has to overcome significant challenges posed by persistently low interest rates,” emphasized Frank Strauß, Chairman of the Management Board of the Bonn-based bank. “We are responding to this by expanding our credit business, strict cost discipline and by further reducing of our capital market risks.”
Postbank made remarkable progress in new business with private customers. New installment loan business moved up by close to 20% against the same period of the previous year to more than €800 million – despite the downward trend of the market as a whole. The bank also carried on growing in private mortgage lending. Including the home savings loans paid out, its customers borrowed approximately €4.4 billion for private building projects in the first half of 2012, around 10% more than in the same period of the previous year. Savings business also developed positively. At almost €55 billion at the end of the first half of 2012, the volume of the savings and overnight money business was more than €0.5 billion higher than the figure for the previous year.
Postbank further reduced its capital market risks and increased its tier 1 capital ratio to 10.9%, 1.1 percentage points higher than on June 30 of the previous year.
The integration into the Deutsche Bank Group is continuing to make good progress. The cooperation with norisbank in branch business has gone far ahead. On August 1, 400 norisbank employees reported for duty in one of Postbank’s branches. Nearing completion is the announced sale of asset management at Postbank to the DWS Group, a subsidiary of Deutsche Bank. An agreement to this effect was signed in June. The deal is set to be closed in the current quarter.
Statement of comprehensive income
Net interest income amounted to €1,382 million as of June 30, 2012, down €44 million on the same period of the previous year. This is due to historically low capital market interest rates. They present a particular challenge for banks with high deposits such as Postbank.
Net trading income fell from €8 million in the first half of 2011 to €-48 million in the half-year under review.
Net income from investment securities improved considerably from €-100 million in the first half of 2011 to €-17 million in the first half of 2012. In the first half of the previous year, Postbank accounted for write-downs on Greek government bonds amounting to €-186 million. In the first half of 2012, the negative effects resulting from Greek government bonds decreased to €-17 million. The bank has since completely reduced the remaining risk in Greek government bonds. At the end of the reporting period on June 30, 2012, it amounted to €24 million.
Net fee and commission income amounted to €585 million after €633 million in the first half of 2011. Part of this development is due to investor restraint in view of the turbulent securities markets.
Total income in the Postbank Group was €1,902 million (same period of the previous year: €1,967 million).
The allowance for losses on loans and advances improved by 4% to €-193 million (previous year: €-201 million). Postbank benefited from the comparatively high stability of its credit portfolio in retail banking with a large share of highly collateralized German real estate financing.
Administrative expenses fell by a pleasing 10% in the first half of the year to €1,467 million (previous year: €1,629 million). Adjusted for non-recurring effects in the previous year, they fell by 3.1%. The bank wants to maintain its cost discipline in the second half of the year.
Net other income and expenses totaled €5 million, after €7 million in the first half of 2011.
Earnings per share amounted to €0.80 (previous year: €0.45). The return on equity before taxes was 8.3% after 5.0% in the same period of the previous year. The cost/income ratio was 77.1% (previous year: 82.8%).
Statement of financial position
Postbank’s total assets as of June 30, 2012 amounted to €196.5 billion after €196.1 billion as of June 30, 2011 and €192.0 billion on December 31, 2011. The small increase in total assets is primarily attributable to higher loans and advances and deposits from other banks. On the assets side, the Bank continued to reduce its capital market holdings and risks.
Outlook
In view of the development of the first half of the year, Postbank continues to expect that it will generate considerably positive results in the current fiscal year and beyond, and that it will expand its market position in business with retail, business and corporate clients.
Press release of Aug. 10, 2012
In the first half of the year, profit before taxes increased clearly to €247 million (previous year: €144 million) – New business grew in almost every product area – Integration into the Deutsche Bank Group is progressing well
Deutsche Postbank AG closed the first half of 2012 with net income before taxes of €247 million. Compared with the previous year (€144 million), it increased by more than 70%. It benefited from its strict cost discipline and from declining write-downs on Greek government bonds. After taxes, the bank generated profit of €174 million (€98 million in the first half of 2011). “This is also gratifying because Postbank, like all deposit-rich institutions, has to overcome significant challenges posed by persistently low interest rates,” emphasized Frank Strauß, Chairman of the Management Board of the Bonn-based bank. “We are responding to this by expanding our credit business, strict cost discipline and by further reducing of our capital market risks.”
Postbank made remarkable progress in new business with private customers. New installment loan business moved up by close to 20% against the same period of the previous year to more than €800 million – despite the downward trend of the market as a whole. The bank also carried on growing in private mortgage lending. Including the home savings loans paid out, its customers borrowed approximately €4.4 billion for private building projects in the first half of 2012, around 10% more than in the same period of the previous year. Savings business also developed positively. At almost €55 billion at the end of the first half of 2012, the volume of the savings and overnight money business was more than €0.5 billion higher than the figure for the previous year.
Postbank further reduced its capital market risks and increased its tier 1 capital ratio to 10.9%, 1.1 percentage points higher than on June 30 of the previous year.
The integration into the Deutsche Bank Group is continuing to make good progress. The cooperation with norisbank in branch business has gone far ahead. On August 1, 400 norisbank employees reported for duty in one of Postbank’s branches. Nearing completion is the announced sale of asset management at Postbank to the DWS Group, a subsidiary of Deutsche Bank. An agreement to this effect was signed in June. The deal is set to be closed in the current quarter.
Statement of comprehensive income
Net interest income amounted to €1,382 million as of June 30, 2012, down €44 million on the same period of the previous year. This is due to historically low capital market interest rates. They present a particular challenge for banks with high deposits such as Postbank.
Net trading income fell from €8 million in the first half of 2011 to €-48 million in the half-year under review.
Net income from investment securities improved considerably from €-100 million in the first half of 2011 to €-17 million in the first half of 2012. In the first half of the previous year, Postbank accounted for write-downs on Greek government bonds amounting to €-186 million. In the first half of 2012, the negative effects resulting from Greek government bonds decreased to €-17 million. The bank has since completely reduced the remaining risk in Greek government bonds. At the end of the reporting period on June 30, 2012, it amounted to €24 million.
Net fee and commission income amounted to €585 million after €633 million in the first half of 2011. Part of this development is due to investor restraint in view of the turbulent securities markets.
Total income in the Postbank Group was €1,902 million (same period of the previous year: €1,967 million).
The allowance for losses on loans and advances improved by 4% to €-193 million (previous year: €-201 million). Postbank benefited from the comparatively high stability of its credit portfolio in retail banking with a large share of highly collateralized German real estate financing.
Administrative expenses fell by a pleasing 10% in the first half of the year to €1,467 million (previous year: €1,629 million). Adjusted for non-recurring effects in the previous year, they fell by 3.1%. The bank wants to maintain its cost discipline in the second half of the year.
Net other income and expenses totaled €5 million, after €7 million in the first half of 2011.
Earnings per share amounted to €0.80 (previous year: €0.45). The return on equity before taxes was 8.3% after 5.0% in the same period of the previous year. The cost/income ratio was 77.1% (previous year: 82.8%).
Statement of financial position
Postbank’s total assets as of June 30, 2012 amounted to €196.5 billion after €196.1 billion as of June 30, 2011 and €192.0 billion on December 31, 2011. The small increase in total assets is primarily attributable to higher loans and advances and deposits from other banks. On the assets side, the Bank continued to reduce its capital market holdings and risks.
Outlook
In view of the development of the first half of the year, Postbank continues to expect that it will generate considerably positive results in the current fiscal year and beyond, and that it will expand its market position in business with retail, business and corporate clients.
bia06
Listen other's viewpoint avoid conflicts & wars.
si
Si, devono recuperare pure loro e prima o poi lo faranno.
Soprattutto potrebbero essere oggetto di offerta per valorizzazione sul mercato.
Sono fuori per ferie e non ho con me il backup con il dividendo min per statuto-online dovrebbe essere scaricabile però).
Ciao
Si, devono recuperare pure loro e prima o poi lo faranno.
Soprattutto potrebbero essere oggetto di offerta per valorizzazione sul mercato.
Sono fuori per ferie e non ho con me il backup con il dividendo min per statuto-online dovrebbe essere scaricabile però).
Ciao
bia06
Listen other's viewpoint avoid conflicts & wars.
fabriziof
Forumer storico
solovaloreaggiunto
Forumer storico
Si, un gioiello . L hanno in portafoglio numerosi fondi hy europa. Intendo lottomatica perp
fabriziof
Forumer storico
taglio 50k
UBS Issues $2 Billion of Dollar-Denominated Subordinated Debt
UBS AG (UBS), the Swiss bank reduced two ratings levels by Moody’s Investors Service in June, sold $2 billion of dollar-denominated subordinated debt.
The 10-year, 7.625 percent notes were sold by the Zurich- based lender’s Stamford, Connecticut, unit at par, according to data compiled by Bloomberg. They may be ranked BBB- by Standard & Poor’s and Fitch Ratings, one level above speculative grade, said a person familiar with the offering who asked not to be identified, citing lack of authorization to speak publicly.
The lender last sold more than $500 million of fixed- coupon, subordinated dollar debt due in 10 years in 2006, when the Stamford unit issued $1 billion of 5.875 percent bonds, according to data compiled by Bloomberg.
UBS, Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Scotland Group Plc and Wells Fargo & Co. managed the offering, Bloomberg data show.
Moody’s cut UBS’s issuer rating to A2, five levels above speculative grade, from Aa3 on June 21. The lender’s subordinated debt rating was lowered five levels to Baa3, the lowest investment-grade ranking, from A1.
UBS AG (UBS), the Swiss bank reduced two ratings levels by Moody’s Investors Service in June, sold $2 billion of dollar-denominated subordinated debt.
The 10-year, 7.625 percent notes were sold by the Zurich- based lender’s Stamford, Connecticut, unit at par, according to data compiled by Bloomberg. They may be ranked BBB- by Standard & Poor’s and Fitch Ratings, one level above speculative grade, said a person familiar with the offering who asked not to be identified, citing lack of authorization to speak publicly.
The lender last sold more than $500 million of fixed- coupon, subordinated dollar debt due in 10 years in 2006, when the Stamford unit issued $1 billion of 5.875 percent bonds, according to data compiled by Bloomberg.
UBS, Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Scotland Group Plc and Wells Fargo & Co. managed the offering, Bloomberg data show.
Moody’s cut UBS’s issuer rating to A2, five levels above speculative grade, from Aa3 on June 21. The lender’s subordinated debt rating was lowered five levels to Baa3, the lowest investment-grade ranking, from A1.
- Stato
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