Annual Report 2018

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Hauck & Aufhäuser performed very well in the market environment in the 2018 reporting year despite the continued challenging situation on the financial markets.

 

Hauck & Aufhäuser recorded a satisfactory development for the past financial year despite the sharp fluctuations on the stock markets and the numerous challenges in the industry. The Bank closed the 2018 financial year with a net after tax profit of EUR 31.4 million. Compared to the previous year, the result thus increased by EUR 5.4 million.

Development of Key Group Figures

Key figures (Group)
Key figures 01 Jan–31 Dec 2018 01 Jan–31 Dec 2017
Net interest income (EUR m) 24.4 17.7
Net commission income (EUR m) 135.8 116.3
Administrative expenses (EUR m) 162.5 129.9
Net Pre Tax Profit (EUR m) 17 29.5
Net after tax Profit (EUR m) 31.4 26
Cost Income Ratio* 87.30% 77.30%
Return on equity post tax 16% 15.30%
Employees (Average heads) 697 620

* We define the cost income ratio as follows: Operating expenses in relation to operating income. Operating expenses consist of administrative expenses including depreciation, amortization and impairment losses on intangible assets and depreciation of tangible assets. Operating income is the sum of net interest income, net commission income, net income from the trading portfolio and other operating income.

BALANCE SHEET (GROUP)
Key figures 01 Jan–31 Dec 2018 01 Jan–31 Dec 2017
Total assets (EUR m) 5,716 5,056
Risk-weighted assets (EUR m) 1,246 1,150
Balance sheet equity (EUR m) 259 196
Balance sheet own funds (CRR, EUR m) 202 157
REGULATORY KEY FIGURES (GROUP)
Key figures 01 Jan–31 Dec 2018 01 Jan–31 Dec 2017
Core capital ratio** 16.10% 13.50%
Total capital ratio*** 16.20% 13.60%
Leverage ratio**** 3.40% 3%

** Core capital ratio: Core capital in relation to risk-weighted assets pursuant to Art. 92 Para. 2 lit. b CRR

*** Total capital ratio: Own funds (core capital and supplementary capital) in relation to risk-weighted assets pursuant to Art. 92 Para. 2 lit. c CRR

**** Leverage ratio (debt ratio): Core capital in relation to business volume pursuant to Art. 429 (2) CRR

 

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