Consors Discount-Broker AG
ConSors Discount-Broker english

Consors business in uptrend again Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Consors business in uptrend again Net increase in new customers, trading activity clearly higher Business development of Consors Discount-Broker AG, Nuremberg, has obviously not been affected by the discussions surrounding majority shareholder SchmidtBank KGaA, Hof. In both October and November, the Consors Group recorded relatively gratifying net growth in customers and increased trading activity. The number of trades after the first two months of fourth quarter 2001 already topped 1.33 million again, after a total of 1.39 million in the third quarter. The average number of trades per customer and month rose from 0.8 in the preceding quarter to 1.2 in October and November. The number of new customers recorded a net increase of more than 8,000 by the end of November compared with around 6,300 new customers welcomed in the third quarter. There were no signs of slackening of these trends in the past few days. The noticeable customer growth shows that more than 563,000 online customers in Germany and abroad are staying loyal to their broker Consors and refuse to be fazed by the discussions about SchmidtBank and our competitors” attempts to lure them away. Consors has around 498,000 customers in Germany and almost 66,000 in the rest of Europe. We added 6,500 new customers in Germany (1.3 %) and roughly 1,500 elsewhere in Europe (2.4 %). Most of the closures were inactive accounts. Assets under custody as of 30 November 2001 amounted to euro 7.17 billion and have increased 15 percent over the quarterly figure of euro 6.22 billion recorded as of 30 September 2001. This breaks down into euro 4.86 billion (3.75) in securities, euro 0.88 billion (0.82) in funds, and euro 1.43 billion (1.65) in cash deposits. The decrease in cash deposits is partly the result of shifting to equity investment. end of message, (c)DGAP 07.12.2001