Net profit attributable to shareholders decreased by 39% to €215m for FY2016 compared to FY2015 which benefited from a profit for negative goodwill of €150m from the WestImmo acquisition. Net interest income was down by 10% to €701m for 2016 compared to 2015. Loan loss provisions decreased by 24% to €97m in 2016. Commission income rose by 10% to €193m in 2016. Administrative expenses declined by 1% to €547m in the same period. Pre-tax profit decreased by 22% to &
23 Feb 2017
Good 2016 results, weak outlook for 2017 but optimistic beyond
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Good 2016 results, weak outlook for 2017 but optimistic beyond
Aareal Bank AG (ARL:WBO) | 0 0 0.2% | Mkt Cap: 2,364m
- Published:
23 Feb 2017 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders decreased by 39% to €215m for FY2016 compared to FY2015 which benefited from a profit for negative goodwill of €150m from the WestImmo acquisition. Net interest income was down by 10% to €701m for 2016 compared to 2015. Loan loss provisions decreased by 24% to €97m in 2016. Commission income rose by 10% to €193m in 2016. Administrative expenses declined by 1% to €547m in the same period. Pre-tax profit decreased by 22% to &