comdirect bank AG, DE0005428007

comdirect bank AG, DE0005428007

03.04.2017 - 12:26:59

comdirect bank AG: Acquisition of OnVista AG concluded

comdirect bank AG: Acquisition of OnVista AG concluded

Growth acquisition: OnVista Bank GmbH and OnVista Media GmbH are part of comdirect group with immediate effect OnVista Bank GmbH still on growth course: 98 thousand customers and EUR2.5bn total assets under management as of end of 2016 Merger of OnVista Bank GmbH into comdirect bank AG planned Name OnVista Bank and OnVista Media GmbH with financial portal are to be continued

Quickborn, Germany, 3 April 2017. Following approval from the banking supervisory and antitrust authorities, comdirect bank AG has today concluded the full acquisition of OnVista AG from Boursorama S.A., as announced in December 2016. OnVista AG includes online broker OnVista Bank GmbH and OnVista Media GmbH, which operates the financial portal. "The purchase of OnVista AG is a growth acquisition," says Arno Walter, CEO of comdirect bank AG. "The acquisition lays a good foundation for additional growth and also strengthens our position as the market leader in Germany for brokerage in terms of trade figures."

The merger of OnVista Bank GmbH into comdirect bank AG in the second quarter is the next planned step. The aim is to simplify the structure under corporate law as well as the associated regulatory reporting system. "The merger is above all a formal action. OnVista Bank will be managed in future as a division of comdirect. This means we require only one bank licence instead of two," explains comdirect bank AG CFO Dietmar von Blücher.

The merger has no immediate effect for the customers of OnVista Bank. The name OnVista Bank will be kept on, IBANs and access data will remain the same, and the pricing policies are to be maintained.

Just like comdirect, OnVista Bank GmbH continues to grow, having increased its total assets under management as of the end of 2016 to around EUR2.5bn and its number of customers to around 98 thousand. The merger will lay the foundation for the successful further development and continued profitable growth of the comdirect group. This is expected to lead to additional pre-tax profit of around EUR10m per year from 2019.

With its financial portal, OnVista Media GmbH is to remain a wholly-owned subsidiary of comdirect bank. According to Walter, " is not only a well-known name among securities customers, the portal is one of the most successful financial platforms on the market. We intend to keep it that way."

Contacts for this press release Annette Siragusano Tel. +49 (0)41 06 704 1960 Email: Ullrike Hamer Tel. +49 (0)41 06 704 1545 Email:

Information for editorial teams All our press releases are available at: Image material is available at: News about digital trends and innovations in all things finance can be found on the comdirect Board of Managing Directors blog at Follow us on Twitter at or If you no longer wish to be sent information, please let us know by writing to

03.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at

Language: English

Company: comdirect bank AG Pascalkehre 15 25451 Quickborn

Germany Phone: + 49 (0) 4106/704-0 Fax: + 49 (0) 4106/708-2580 E-mail: Internet: ISIN: DE0005428007 WKN: 542800 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

561151  03.04.2017 


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