Net profit attributable to shares decreased by 63% to €73m for Q2 16 compared to Q2 15 which benefited from a profit for negative goodwill of €150m from the WestImmo acquisition. Net interest income was down by 7% to €177m for Q2 16 compared to Q2 15. Loan loss provisions decreased by 6% to €29m in Q2 16. Commission income rose by 12% to €47m in Q2 16. Administrative expenses rose by 6% to €144m in the same period. Pre-tax profit declined by 48% to €120m for
11 Aug 2016
Good Q2 earnings overlapped by previous year's one-off gain
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Good Q2 earnings overlapped by previous year's one-off gain
Aareal Bank AG (ARL:WBO) | 0 0 0.2% | Mkt Cap: 2,364m
- Published:
11 Aug 2016 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shares decreased by 63% to €73m for Q2 16 compared to Q2 15 which benefited from a profit for negative goodwill of €150m from the WestImmo acquisition. Net interest income was down by 7% to €177m for Q2 16 compared to Q2 15. Loan loss provisions decreased by 6% to €29m in Q2 16. Commission income rose by 12% to €47m in Q2 16. Administrative expenses rose by 6% to €144m in the same period. Pre-tax profit declined by 48% to €120m for