Net profit attributable to shareholders decreased by 10% to €46m for Q3 16 compared to Q3 15. Net interest income was down by 18% to €175m for Q3 16 compared to Q3 15. Loan loss provisions decreased by 11% to €33m in Q3 16. Commission income rose by 10% to €44m in Q3 16. Administrative expenses declined by 14% to €127m in the same period. Pre-tax profit decreased by 10% to €74m for Q3 16 compared to Q3 15. The tax ratio declined slightly from 32% for Q3 15 to 31%
10 Nov 2016
Solid Q3 figures
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Solid Q3 figures
Aareal Bank AG (ARL:WBO) | 0 0 0.2% | Mkt Cap: 2,364m
- Published:
10 Nov 2016 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders decreased by 10% to €46m for Q3 16 compared to Q3 15. Net interest income was down by 18% to €175m for Q3 16 compared to Q3 15. Loan loss provisions decreased by 11% to €33m in Q3 16. Commission income rose by 10% to €44m in Q3 16. Administrative expenses declined by 14% to €127m in the same period. Pre-tax profit decreased by 10% to €74m for Q3 16 compared to Q3 15. The tax ratio declined slightly from 32% for Q3 15 to 31%