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Hauck & Aufhäuser continues growth in 2020: With a result of EUR 45.7 million after tax - compared to EUR 27.9 million in the previous year - Hauck & Aufhäuser closes the 2020 financial year on a very positive note.

The core capital ratio was further strengthened and now stands at 19.3 %. In the year under review, net interest income rose by EUR 7.1 million compared to the previous year to EUR 34.3 million, while net commission income developed significantly above plan to EUR 165.8 million after EUR 140.9 million in the previous year. The balance sheet total of the group amounts to EUR 6,655 million.

Development of Key Group Figures

Net pre tax Profit

56,4 EUR m

01.01.-31.12.2020

28,6 EUR m 

01.01.-31.12.2019

Net after tax Profit

45,7 EUR m

01.01.-31.12.2020

27,9 EUR m

01.01.-31.12.2019

Employees / avarage number

776

01.01.-31.12.2020

722

01.01.-31.12.2019

Net interest income

34,3 EUR m

01.01.-31.12.2020

27,2 EUR m

01.01.-31.12.2019

Net commission income

165,8 EUR m

01.01.-31.12.2020

140,9 EUR m

01.01.-31.12.2019

Administrative expenses

167,6 EUR m

01.01.-31.12.2020

155,2 EUR m

01.01.-31.12.2019

More key figures

Profit and loss statement (group)
Key figure 01.01.-31.12.2020 01.01.-31.12.2019
Net interest income (EUR m) 34,3 27,2
Net commission income (EUR m) 165,8 140,9
Administrative expenses (EUR m) 167,6 155,2
Net pre tax Profit (EUR m) 56,4 28,6
Net after tax Profit (EUR m) 45,7 27,9
Cost Income Ratio* 73,2% 84,2%
Return on equity post tax 16,0% 10,8%
Employees (avarage number) 776 722

* 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 31.12.2020 31.12.2019
Total assets (EUR m) 6.655 5.702
Risk-weighted assets (EUR m) 1.289 1.282
Balance sheet equity (EUR m) 332 287
Balance sheet own funds (CRR, EUR m) 251 228
Regulatory key figures (group)
Key figures 31.12.2020 31.12.2019
Core capital ratio** 19,3% 17,7%
Total capital ratio*** 19,4% 17,8%
Leverage Ratio**** 6,0% 3,8%

** 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

Contact

Portrait Sandra Freimuth Leiterin Corporate Communications, Marketing & Talent Management
Sandra Freimuth
Head of Corporate Communications, Marketing & Talent Management
+49 (0)89 2393-2111
+49 (0)89 2393-2111
sandra.freimuth@hauck-aufhaeuser.com
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