COREALCREDIT BANK AG
COREALCREDIT BANK AG: Successful new start in 2007 – New business more than EUR 1.3 billion ahead of projections – Positive result for the year of EUR 3.3 million
COREALCREDIT BANK AG / Final Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- At its meeting today, the Supervisory Board of COREALCREDIT BANK AG conclusively approved the financial statements for 2007. With a positive result for the year amounting to EUR 3.3m the Bank returned to the profit zone in 2007. The loss brought forward from 2006 and the net profit for 2007 resulted in a reduced attributable net loss of EUR 792.1m, after taking into account the replenishment of several profit participation rights (EUR 1.0m) and the Bank's recourse to a number of silent participations (EUR 18.3 m) and the other profit participation rights (EUR 44.0 m). The volume of new loan commitments totalled EUR 903.0m, which was slightly better than forecasted (2007: EUR 750.0m). The Bank posted EUR 1.3bn in new business including extensions amounting to EUR 410.9m. In 2008 COREALCREDIT BANK AG will consolidate and expand its position in the market. The Bank will intensify its activities in acquiring new business as far as the uncertainties in the markets allow and has set a new business target of EUR 1.5bn for 2008. The range of advisory services offered to continue meeting our clients’ needs for high-quality, quick, flexible and individualised financing solutions will be expanded. In consideration of this efforts the Bank expects to generate further improvements in results for the bank. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Please find a register of all listed securities of COREALCREDIT BANK AG on our website http://www.corealcredit.de/upload/wertpapiere/Wertpapierliste.pdf Contact: Axel Leupold Telefon: +49-(0)69-7179 543 Telefax: +49-(0)69-27179 543 axel.leupold@corealcredit.de 10.04.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: COREALCREDIT BANK AG Grüneburgweg 58-62 60322 Frankfurt am Main Deutschland Phone: 069 / 7179 - 543 Fax: 069 / 27179 - 543 E-mail: axel.leupold@corealcredit.de Internet: www.corealcredit.de ISIN: DE0008002874, DE0005169734, DE0005169759, DE0008002866, DE0008103029, DE0008103037, DE0008103045, DE0008103052, DE0008103078, DE0008103094 WKN: 800287 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------
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