December - comdirect bank raises profit target: EUR 75 million before tax

Quickborn, 15 December 2009. comdirect bank AG (www.comdirect.de) is raising its profit target for 2009 to EUR 75 million before tax. "Our operating business performed well; our expectations for the fourth quarter were exceeded and consequently we are anticipating a higher result," says Michael Mandel, CEO of comdirect bank AG.

Quickborn, 15 December 2009. comdirect bank AG (www.comdirect.de) is raising its profit target for 2009 to EUR 75 million before tax. "Our operating business performed well; our expectations for the fourth quarter were exceeded and consequently we are anticipating a higher result," says Michael Mandel, CEO of comdirect bank AG.

The new profit target includes costs of around EUR 5 million for further reductions in

Mandel: "Focusing on our core business and investing in direct bank-type advisory services is the right way forward. Overall, with our initiatives in the B2C and B2B business lines, we are very well positioned and fit for the future."

Length: 915 characters including spaces comdirect group: B2C and B2B B2C: comdirect bank AG and comdirect private finance AG B2B: ebase GmbH (excluding Commerzbank custody accounts, assets and securities orders

Press information: All press releases are available at www.comdirect.de/press. If you no longer wish to receive these press releases, please send an e-mail to presse@comdirect.de.

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comdirect bank AG Pascalkehre 15 Quickborn Germany

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