DEPFA BANK: net profit up 16.9% after 9 months to EUR 166 mln

Return on equity of 21.6 after taxes

DEPFA Bank plc continued its successful performance in the third quarter of 2002. Group net profit from continuing opeartions amounted to EUR 166 million in the first nine months of the year, up 16.9% year-on-year.

At the same time equity capital was boosted by an increase in the item Other Comprehensive Income of EUR 59 m in the third quarter 2002 (30.09.2002 vs. 30.06.2002). The result continues the positive trend seen over the course of this year, allowing DEPFA to achieve its targets for the full year. DEPFA envisages net profit from continuing opeartions to reach approximately EUR 200 million for the full year 2002 and return on equity after tax approximately 20%.

(source: Depfa Bank)

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