Net profit attributable to shares decreased by 25% to €38m for Q1 17 compared to Q1 16. Net interest income was down by 9% to €164m for Q1 17 compared to Q1 16. Loan loss provisions were unchanged at €2m in Q1 17. Commission income rose by 4% to €48m in Q1 17. Administrative expenses declined by 5% to €139m in the same period. Pre-tax profit declined by 18% to €71m for Q1 17 compared to Q1 16. The tax ratio rose from 31% for Q1 16 to 34% for Q1 17. The Basel 3 fu
11 May 2017
Solid start in 2017, target confirmed
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Solid start in 2017, target confirmed
Aareal Bank AG (ARL:WBO) | 0 0 0.2% | Mkt Cap: 2,364m
- Published:
11 May 2017 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shares decreased by 25% to €38m for Q1 17 compared to Q1 16. Net interest income was down by 9% to €164m for Q1 17 compared to Q1 16. Loan loss provisions were unchanged at €2m in Q1 17. Commission income rose by 4% to €48m in Q1 17. Administrative expenses declined by 5% to €139m in the same period. Pre-tax profit declined by 18% to €71m for Q1 17 compared to Q1 16. The tax ratio rose from 31% for Q1 16 to 34% for Q1 17. The Basel 3 fu