- Stable net profit after tax of €30.9 million
- Operating result of €77.7 million exceeds expectations
- Further rise in customer and membership numbers
- Strong gain in net commission income
- Stable dividend planned for year as a whole
After making allocations to reserves once again, Deutsche Apotheker- und Ärztebank (apoBank) completed the first six months of 2017 with a stable net profit of €30.9 million (30 June 2016: €30.4 million). With its clear strategy and enduring confidence on the part of its customers, apoBank remains on track even under difficult general conditions. Despite low interest rates, operating income rose. The operating result reached €77.7 million (30 June 2016: €77.8 million), exceeding the Bank’s expectations.
The growth in customer and member numbers continued. The number of customers rose from 415,700 to 426,700; the number of members increased to 110,284 (31 December 2016: 109,680 members).
In the lending business, new loans to apoBank customers reached an unprecedented high of €3.4 billion (30 June 2016: €3.0 billion). Customer loans exceeded the €30 billion mark for the first time. In the commission-based business, investments in the Bank’s advisory services for customers paid off. In the securities business, there was stronger customer demand for asset management. The Bank gained 400 new customers in the first half of the year. With now approximately 5,400 customers, the total volume of managed assets amounts to €2.9 billion. The deposit volume of retail clients in the securities business rose to a total of €7.6 billion (31 December 2016: €7.2 billion). Demand from institutional customers for apoBank’s advisory services grew, too.
The capital position continued to be comfortable in the first half of 2017 even though the regulatory capital ratios, which are on a high level, declined slightly. This was due the expanding lending business as well as a methodological adjustment in the internal rating procedure in particular. The common equity tier 1 capital ratio sank by around 3 percentage points to 19.6% (31 December 2016: 22.6%); the total equity ratio was 22.1% (31 December 2016: 26.1%).