Aareal Bank AG
Aareal Bank AG english
Aareal Bank continues on its path of success
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Aareal Bank continues on its path of success
Aareal Bank Group sustained its positive earnings development
seen in 2002 with a successful first quarter of 2003.
At 24 million EUR (Q1/2002: 23 million EUR), Group retained
income (after taxes and minorities) was well within the bank’s
own projections, and was equivalent to 9.5% return on equity
(after taxes and minorities).
Earnings (acc. to IAS) Q1 2003 Q1 2002 Change
(EUR m) (EUR m) (%)
Net interest income 115 79 +45.6
Provision for loan losses 29 24 +20.8
Net interest after LLP 86 55 +56.4
Net commission income 37 48 -22.9
Trading result -2 1
Results non-trading assets 9 -1
Administrative expenses 92 75 +22.7
Other operating income 8 16 -50.0
Operating profit 46 44 +4.5
Amortisation of goodwill 2 2
Income taxes 15 15
Minorities 5 4 +25.0
Group retained income 24 23 +4.3
Indicators Q1 2003 Q1 2002
Cost/income ratio 61.9% 56.2%
Earnings per share 0.68 EUR 0.66 EUR
RoE after taxes 9.5% 8.9%
The Interim Report can be downloaded under http://www.aareal-bank.com
end of ad-hoc-announcement (c)DGAP 21.05.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Portfolio 31.03.03 31.12.02 Change
(EUR m) (EUR m) (%)
Property finance 26,964 27,385 -1.5
under management
of which international 10,649 10,544 +1.0
Shareholders’ equity 1,029 1,023 +0.6
Total assets 37,077 37,295 -0.6
Q1 2003 FY 2002
New commitments 703 6,464
of which international 405 4,796
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WKN: 540811; ISIN: DE0005408116; Index: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, München und Stuttgart
210730 Mai 03
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