News Estero

 Aareal Bank riporta buoni risultati  nonostante i tempi  difficili

10 Agosto 2022
Redazione

Aareal Bank Group achieved good results for the second quarter of 2022, despite a challenging market environment. Based on preliminary figures, consolidated operating profit in the second quarter amounted to € 61 million, up by approximately 50 per cent compared to the previous year’s figure (Q2 2021: € 41 million). This positive development was driven by the aggregate of net interest income and net commission income, both of which increased once again. On the one hand, this was due to continued controlled growth of the loan portfolio. On the other hand, successful acquisitions made by Aareon, which are reflected in higher commission income, have paid off.

  • Consolidated operating profit increased by approximately 50 per cent to € 61 million in the second quarter (Q2 2021: € 41 million)
  • Net interest income amounted to € 171 million in the second quarter, the highest level since the end of 2016; net commission income increased to € 68 million, and acquisitions are paying off 
  • Growth across all three segments: loan portfolio and deposit volumes have risen further, Aareon generates another revenue increase
  • Higher loss allowance (Q2 2022: € 58 million; Q2 2021: € 33 million) due to the changed macro-economic parameters – volume of non-performing loans down
  • Common Equity Tier 1 ratio rises to 19.8 per cent, following retention of dividends
  • Chief Executive Officer Jochen Klösges: “Despite high volatility and macro-economic turbulences, we have posted good results for the second quarter. Our earnings power and financial strength are the best possible basis for the uncertain times ahead. However, we keep monitoring the situation closely whilst adhering to our high risk sensitivity.” 

Jochen Klösges, Chief Executive Officer, explained: “Despite high volatility and macro-economic turbulences, we have posted good results for the second quarter. Our earnings power and financial strength are the best possible basis for the uncertain times ahead. However, we keep monitoring the situation closely whilst adhering to our high risk sensitivity.”

Source : Company