Brief: Aareal Bank Q2 Operating Profit At EUR 61 Mln

Aareal Bank AG

10/08/2022 06:09

Aug 10 (Reuters) - AAREAL BANK AG  ARLG.DE :
    * REPORTS GOOD SECOND-QUARTER RESULTS, DESPITE CHALLENGING
MARKET
ENVIRONMENT
    * Q2 OPERATING PROFIT 61 MILLION EUR
    * Q2 CONSOLIDATED OPERATING PROFIT INCREASED BY
APPROXIMATELY 50
PER CENT TO EUR 61 MILLION IN Q2 (Q2 2021: EUR 41 MILLION)
    * Q2 NET INTEREST INCOME AMOUNTED TO EUR 171 MILLION IN Q2,
HIGHEST LEVEL SINCE END OF 2016
    * Q2 NET COMMISSION INCOME INCREASED TO EUR 68 MILLION, AND
ACQUISITIONS ARE PAYING OFF
    * Q2 COMMON EQUITY TIER 1 RATIO RISES TO 19.8 PER CENT,
FOLLOWING
RETENTION OF DIVIDENDS
    * LOSS ALLOWANCE IN Q2 AMOUNTED TO EUR 58 MILLION (Q2 2021:
EUR 33
MILLION)
    * Q2 CONSOLIDATED NET INCOME WAS EUR 39 MILLION (Q2 2021:
EUR 12
MILLION)
    * FOR 2022 FINANCIAL YEAR, AAREAL BANK CONTINUES TO EXPECT
CONSOLIDATED OPERATING PROFIT AT LOWER END OF EUR 210 MILLION TO
EUR 250 MILLION RANGE COMMUNICATED

Source text for Eikon:  ID:nEQc1qqwFa 
Further company coverage:  ARLG.DE 

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