comdirect bank raises profit target: EUR 75 million before tax

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Quickborn, 15 December 2009. comdirect bank AG (www.comdirect.de) is
raising its profit target for 2009 to EUR 75 million before tax. "Our
operating business performed well; our expectations for the fourth
quarter were exceeded and consequently we are anticipating a higher
result," says Michael Mandel, CEO of comdirect bank AG.

The new profit target includes costs of around EUR 5 million for
further reductions in the number of offices for comdirect private
finance AG. The process is scheduled for completion by mid-2010. This
step means that comdirect bank is focusing on its direct bank-type
advisory offering such as its advice services for investments and
building finance.

Mandel: "Focusing on our core business and investing in direct
bank-type advisory services is the right way forward. Overall, with
our initiatives in the B2C and B2B business lines, we are very well
positioned and fit for the future."

Length: 915 characters including spaces
comdirect group: B2C and B2B
B2C: comdirect bank AG and comdirect private finance AG
B2B: ebase GmbH (excluding Commerzbank custody accounts, assets and
securities orders

Press information:
All press releases are available at www.comdirect.de/press. If you no
longer wish to receive these press releases, please send an e-mail to
presse@comdirect.de.

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comdirect bank AG
Pascalkehre 15 Quickborn Germany

WKN: 542800;
ISIN: DE0005428007; Index: CDAX, CLASSIC All Share, Prime All Share,
SDAX;
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Wertpapierbörse zu Hamburg,
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