The violent crash of the profit – the bank reported in the red
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As late as 2007, Post bank had been able to show a profit of 856 million euros, it was pitch black but the year 2008. Instead it went into positive territory in almost the same numbers, only with a minus in front in the pit, a crash by nearly 196 percent. Also paying a dividend for last year was canceled. However, the price of Post bank shares rose to currently more than five percent increase. Despite the bitter red numbers Investors seem to be happy that the expectations of analysts who had predicted an even greater loss, then not yet arrived. Most of the loss, a loss of 710 million euros, fell while in the heavy fourth quarter of last year, so in the months of October to December 2008.
The EBIT, ie earnings before interest and taxes is minus € 974 million for 2008 to a positive 992 million euros the year before. Therefore, the equity ratio rose from 6.9 percent in 2007 to 7.4 percent in fiscal 2008. It’s a big difference for the third quarter of last year can be seen in this period, the equity ratio stood at 5.5 percent. This is perhaps the most important message that you can pick out the integers in Post bank AG. After all, the equity ratio is a kind of sensor for how well it is a company financially. The lower it is, the worse a company is there and the more fragile is its financial stability. A higher equity ratio does a better stability. So good chance at least here for Post bank.
But with all the negative numbers and a positive outlook comes from the Post Bank:
” Post bank is in line with its Action Plan, the consistent focus on customer business and the reduction of capital market-related risks, and focus more strongly held. Given the good operating performance – with stable revenues from customers and a solid funding base – provides for the Post Bank is well positioned. She wants as part of its strategic program, “Next Step” to develop the client business consistently. to reduce the chosen path, capital market stocks and risks, they will pursue. Target over the medium term, the strengthening of the banking transactions, and commission income. The UR volatile commercial and financial investments should play a much less significant. Also, the cost management will strengthen the bank, despite past achievements again. The postal bank is sticking to its target in the medium term and sustainable return on equity return of 13 percent to 15 percent to generate income. “
