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Outlook and opportunity report

Following the numerous product initiatives and marketing successes in financial year 2011, the comdirect group is starting the new financial year with an enhanced range of products and services and a broader customer base. The preconditions for continuing our growth course and further strengthening our competitive position are therefore in place. For 2012 and beyond, we aim to gain even more customers in both business lines and achieve net inflows in portfolio and deposit volumes. Our objective remains to increase the number of customers to 3 million and assets under custody to over €50bn by the end of 2013. We are therefore preserving the balance between long-term growth and short-term profitability in the future as well.