14.11.2002 – 08:09

DAB BNP PARIBAS

euro adhoc: DAB bank AG
Quarterly or Semiannual Financial Statements
3rd Quarter results 2002 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.

Munich, November 14, 2002. In the 3rd quarter of  2002 DAB bank AG 
posted  -15.36 EUR million  in group result after taxes and minority
interests  (Q2/2002: -12.92 EUR million). Total revenues came to
39.49 EUR million  (Q2/2002: 36.54 EUR million), of which 16.12 EUR
million are net interest income (Q2/2002: 10.83 EUR million), 23.77
EUR million of gross commission income (Q2/2002: 21.72 EUR million)
and 1.81 EUR million of other income (Q2/2002: 3.97 EUR million).

In spite of the first-time consolidation of direktanlage.at in the
3rd quarter of  2002, administrative expenses continued to decline,
to  42.33 EUR million  (Q2/2002: 42.75 EUR million). At the same
time, net commission income in the 3rd quarter rose to 17.62 EUR
million (Q2/2002: 15.57 EUR million). In the past quarter DAB reduced
personnel expenses despite the costs of the workforce reduction and
the first-time consolidation of direktanlage.at to  13.28 EUR million
(Q2/2002: 13.37 EUR million). In Germany alone, the number of
employees was reduced by 39 during the last quarter, to 572; since
the end of the 3rd quarter of 2001 a total of 231 jobs have been cut
at this location.

Throughout the Group, the number of net new accounts managed by DAB
bank grew by 40,101 (Q2/2002: 7,221). This figure includes the 26,300
customers of direktanlage.at for the first time. In Germany, DAB bank
managed to gain 5,228 net new accounts (Q2/2002: -1,824). The total
number of accounts managed by DAB bank as at September 30, 2002
amounted to 606,020 (Q2/ 2002: 565,919). The volume of assets under
management amounted to  9.86 EUR bn  (Q2/2002: 10.93EUR bn) and thus
outperformed the European market indices. The number of transactions
rose by approx. 13% compared with the previous quarter, to 1.21
million (Q2/2002: 1.07 million).

Key facts and figures of the DAB bank Group 
for the 3rd Quarter of 2003

~
Key figures                    Q 3/2002*  Q 2/2002  Q 3/2001
Accounts Number                 606,020    565,919   526,124
Net new customers Number         40,101**    7,221    25,175
Executed transactions Number  1,215,150  1,072,074 1,288,586
Transactions per average account (Annualized) Number
                                  8.29       7.63     10.04
Customer assets
under management EUR bn           9.86      10.93     10.53
Of which, in mutual funds EUR bn  4.12       4.44      4.08

Results                        Q 3/2002   Q 2/2002  Q 3/2001
Net interest income (before provisions) EUR mn
                                 16.12      10.83       7.2
Net commission income EUR mn     17.62      15.57      16.25
Administrative expenses EUR mn   42.33      42.75      53.88
Earnings after tax and minority interests EUR mn
                                -15.36     -12.92     -26.14
Earnings per share EUR           -0.20      -0.19      -0.38
~

* As at July 31, 2002 the austrian direktanlage.at AG was
consolidated for the first-time.
** Including 26,300 customers of direktanlage.at.

end of announcement        euro adhoc 14.11.2002

Further inquiry note:

Dariush Yazdani Tel: +49(0) 172-8502560 E-Mail: dariush.yazdani.com

Branche: Financial & Business Services
ISIN: DE0005072300
WKN: 507230
Index: Nemax 50
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