BHF-BANK Aktiengesellschaft closed its first full financial year as an advisory, service and sales & trading bank at the end of 2005. It has been wholly owned by Oppenheim Beteiligungs-AG, a 100% subsidiary of Sal. Oppenheim jr. & Cie. KGaA, Cologne, since 1 January 2005. A profit and loss transfer agreement has been concluded between BHF-BANK AG and Oppenheim Beteiligungs-AG. Because BHF-BANK has only existed in its present form since 13 December 2004, no comparatives are available from the previous year.

The BHF subgroup contributed € 91.8 million to consolidated net income in the year under review, far exceeding its forecasts. This demonstrates the market's acceptance of the business model of "BHF-BANK – Privat seit 1854". The well-diversified earnings profile, good risk structure and high asset quality are reflected in the positive results recorded across all business divisions.