Brief: Aareal Bank: Q3 Operating Profit At EUR 66.0 Mln

Aareal Bank AG

10/11/2022 06:07

Nov 10 (Reuters) - AAREAL BANK AG  ARLG.DE :
    * AAREAL BANK’S STRONG OPERATING PERFORMANCE IN THE THIRD
QUARTER
LARGELY OFFSETS ADDITIONAL LOSS ALLOWANCE FOR RUSSIA
    * Q3 OPERATING PROFIT 66.0 MILLION EUR
    * CONSOLIDATED OPERATING PROFIT UP BY 32 PER CENT TO EUR 66
MILLION IN Q3, INCLUDING ADDITIONAL LOSS ALLOWANCE OF EUR 43
MILLION FOR REMAINING EXPOSURE TO RUSSIA
    * EARNINGS MOMENTUM CONTINUES UNABATED, NET INTEREST INCOME
RISES
BY 19 PER CENT TO EUR 184 MILLION, NET COMMISSION INCOME
INCREASES BY 20 PER CENT TO EUR 67 MILLION
    * THIRD-QUARTER LOSS ALLOWANCE EXCLUDING BURDENS FOR RUSSIA
AMOUNTS TO EUR 20 MILLION
    * CONSOLIDATED OPERATING PROFIT ROSE BY 32 PER CENT IN Q3 TO
EUR
66 MILLION (Q3 2021: EUR 50 MILLION).
    * Q3 NET INTEREST INCOME CONTINUED TO RISE BY 19 PER CENT
YEAR-ON-YEAR, REACHING EUR 184 MILLION (Q3 2021: EUR 155
MILLION)
    * Q3 NET COMMISSION INCOME WAS UP BY 20 PER CENT COMPARED TO
PREVIOUS YEAR'S QUARTER, TO EUR 67 MILLION (Q3 2021: EUR 56
MILLION)

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