Aareal Bank AG
Aareal Bank AG english
Aareal Bank AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Wiesbaden, November 22, 2002 – Aareal Bank AG
In the first nine months of 2002, the Aareal Bank Group increased its Operating
Profit by 15% to EUR 115 million and the Group net income after minorities by
8.8% to EUR 62 million. With a return on equity after taxes of 8.2%, Aareal
Bank achieved overall satisfactory interim results.
Earnings (in accordance 1.1.-30.9.02 1.1.-30.9.01 Change
with IAS) EUR m EUR m %
Net interest income 253 168 + 50,6
Net loan loss 80 74 + 8,1
provisions
Interest income after
provision for loan losses 173 94 + 84,0
Net commission income 134 143 – 6,3
Net trading income – 1 22 –
Results from non-trading – 15 34 –
assets
Other operating income 88 16 –
/expenses
Administrative expenses 264 209 + 26,3
Operating profit 115 100 + 15,0
Profit before taxes 109 95 + 14,7
Income taxes 33 38 – 13,2
Profit after taxes 76 57 + 33,3
Minorities 14 0 –
Group net income 62 57 + 8,8
Portfolio 30.9.02 31.12.01 % Change
EUR m EUR m
Property financing
under management 27.801 26.054 + 6,7
of which international 10.233 9.539 + 7,3
Equity 1.001 1.028 [1] – 2,6
Total assets 36.693 31.970 + 14,8
Key ratios 1.1.-30.9.02 1.1.-30.9.01
Cost/income ratio 60,9% 64,3% –
Earnings per share 1,76 EUR 1,61 EUR + 9,3
RoE after tax (annualised) 8,2% 7,5% –
[1] Including the ‘Silent participation’, which was converted to ‘Equity’ on 3
January 2002
The interim report can be accessed under http://www.aareal-bank.com
end of ad-hoc-announcement (c)DGAP 22.11.2002
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WKN: 540811; ISIN: DE0005408116; Index: MDAX
Listed: Amtlicher Markt in Frankfurt; Freiverkehr in München und Stuttgart
220837 Nov 02
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