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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime

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DAB Bank AG Comments on FY 2013 Guidance

Thursday, 25 Jul 2013 01:30am EDT 

DAB Bank AG announced that it anticipates that the profit before taxes for the full fiscal year 2013 will be at least one third less than the fiscal year 2012 profit before taxes, due in part to the challenging interest rate environment this year, causing a sharp drop in the net interest income, and due in part to the expectation that it will not be possible to match the unusually high profit from trading and investments reported in the fiscal year 2012.