Preliminary net profit attributable to shares increased by 9% to €208m for FY2018 compared to FY2017. Net interest income was down by 8% to €535m for 2018 compared to 2017. Loan loss provisions declined by 12% to €72m in 2018. Commission income rose by 4% to €215m in 2018. The net derecognition result was down by 52% to €24m for 2018 compared to 2017. Administrative expenses declined by 10% to €462m in the same period. Pre-tax profit decreased by 4% to €316m
27 Feb 2019
Boring 2018 results, disappointing outlook for 2019
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Boring 2018 results, disappointing outlook for 2019
Aareal Bank AG (ARL:WBO) | 0 0 0.2% | Mkt Cap: 2,364m
- Published:
27 Feb 2019 -
Author:
Dieter Hein -
Pages:
3
Preliminary net profit attributable to shares increased by 9% to €208m for FY2018 compared to FY2017. Net interest income was down by 8% to €535m for 2018 compared to 2017. Loan loss provisions declined by 12% to €72m in 2018. Commission income rose by 4% to €215m in 2018. The net derecognition result was down by 52% to €24m for 2018 compared to 2017. Administrative expenses declined by 10% to €462m in the same period. Pre-tax profit decreased by 4% to €316m