• Convincing service for customers and sales networks
  • Positive business outlook, also thanks to new tariff

Karlsruhe - Despite the continuous decrease of interest rates in capital markets, Deutsche Bausparkasse Badenia AG (Karlsruhe) achieved an increase of its 2012 net profit to € 15.1 m (2011: 13.4 m; +12.0%).

"In the currently difficult market environment we are satisfied with these results. We are particularly pleased that our longstanding partner Deutsche Vermögensberatung AG (DVAG) again produced more than € 2 bn of new business for us", saidDr. Jochen Petin, Chief Executive Officer of Badenia.

All in all, however, the building-society new business contracted by 5.1%, which is primarily due to the loss of the Santander Bank distribution channel. A total of 136.766 contracts were recognized as new business representing a target contract sum of € 2,444.9 m (2011: 2,575.3 m).

Thesubmitted building-society new businessreached € 2,723.4 m (2011: 2,811.4 m; -3.1%) in terms of target contract sums and 148,552 contracts (2011: 152,092; -2.3%) in terms of contract numbers.

Financing new businessdecreased, too. The payment of new building loans dropped from € 607.5 m to 536.5 m (-11.7%).

Thecontract portfolioin terms of target contract sums amounted to € 24,703.8 m (2011: 24,892.3 m; -0.8%).

Thebalance-sheet totalgrew to € 5,215.6 m (2011: 5,162.0 m; +1.0%).

The portfolio ofbuilding loansamounted to € 3,379.2 m, which is slightly below the 2011 level (3,421.1 m; -1.2%). Out of this amount, € 1,158.6 m representedloans under building-society contracts(2011: 1,271.0 m; -8.8%).

Thedeposits under building-society contractsof € 4,316.5 m were 2.7% above the 2011 level (4,203.8 m).

Profit increased
Thepartial operating resultas the balance of net interest income and net commission income less general expenses and write-downs on material assets amounted to € 33.3 m (2011: 32.9 m; +1.2%).
Thenet profitincreased to € 15.1 m (2011: 13.4 m; +12.0%).

Services expanded
In 2012, Deutsche Bausparkasse Badenia continued to further enhance those services which allow financial advisors or intermediaries to be fast, transparent and comprehensive in advising clients and handling customers' request. Enquiries show that the high satisfaction of Badenia's distribution partners has increased further.

Distinction for customer service
Customer satisfaction, too, increased in the third consecutive year. It has thus developed better then the market average.
After the customer services had already achieved top rankings, Badenia was awarded the "excellent" KUBUS quality seal in 2012 for its telephone contact. Dr. Petin regards this as the "visible sign of the company's consistent orientation towards service for customers."

New tariff launched
On February 6, 2013 Badenia launched its new tariff Via Badenia 500 in the market. Dr. Petin explains the reasons: "By developing the new tariff, Badenia responded to the persistently low level of interest rates in the capital market. The conditions of the new tariff are better adjusted to the market, but nevertheless Via Badenia 500 maintains its features of fast loan allocation and flexibility in using the loans." A new website www.das-richtige-für-jeden.de(the right thing for everybody) provides an entertaining and informative presentation of the advantages of the new tariff.

Positive business development expected
The growing share of refurbishments in construction investments - which is a domain of the building society's financing business - and the long-term security of building-society contracts as a means of retirement provision, together with the new building-society tariff, represent a favourable environment for a positive business development of Badenia. Dr. Petin: "Thanks to attractive products and efficient sales networks, Badenia will be able to provide impetus in new business." The company will, for instance, further expand its cooperation with DVAG, especially in loan business.

Further key figures are published in the Financial Report 2012 which may be downloaded from the website www.badenia.deat the link:

http://www.badenia.de/fileadmin/badenia/pdfs/Geschaeftsbericht2012.pdf

Deutsche Bausparkasse Badenia AG
Deutsche Bausparkasse Badenia AG is the specialist for residential property as retirement provision within the Generali Deutschland Group. In line with market requirements, Badenia offers building-society products, advance and intermediate financing, property loans as well as property-based pension products, thus providing customers with one-stop-financing for housing construction. Badenia operates across Germany and looks after 1.2 million customers. The company's most important distribution partner is the Deutsche Vermögensberatung AG (DVAG) Group.

Contact

Deutsche Bausparkasse Badenia AG
Petra Fleisch
Badeniaplatz 1
76114 Karlsruhe

Phone: +49 (0) 721 995-1211
Fax: +49 (0) 721 995-1209
E-Mail: presse@badenia.de
http://www.badenia.de

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