EQS-News: Baader Bank posts positive consolidated pre-tax result and continued invest-ment and growth for HY1 2023
At EUR 20.0 million, the result from trading business shows a significant decline compared to the first quarter of the previous year (HY1 2022: EUR 39.8 million).
- At EUR 20.0 million, the result from trading business shows a significant decline compared to the first quarter of the previous year (HY1 2022: EUR 39.8 million).
- Accordingly, total income amounted to EUR 83.5 million in the first half year (HY1 2022: EUR 84.8 million), down 2% on the reference period.
- Total expenses in the first half year of 2023 increased noticeably by 9 % to EUR 80.6 million (HY1 2022: EUR 73.8 million).
- Provision expenses of EUR 3.5 million (HY1 2022: EUR 4.9 million) include allocations to the fund for general banking risks of EUR 6.1 million (HY1 2022: EUR 8.7 million).