Net profit attributable to shares increased by 3% to €39m for Q1 18 compared to Q1 17. Net interest income was down by 14% to €133m for Q1 18 compared to Q1 17. New is the item “derecognition gains” of €6m for Q1 18 compared to €10m for Q1 17. This item was previously part of interest income but needed to be reported separately from 2018 onwards in accordance with IFRS 9. Loan loss provisions were zero compared to €2m in Q1 17. Commission income rose by 4%
09 May 2018
Solid start in 2018, targets confirmed
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Solid start in 2018, targets confirmed
Aareal Bank AG (ARL:WBO) | 0 0 0.2% | Mkt Cap: 2,364m
- Published:
09 May 2018 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shares increased by 3% to €39m for Q1 18 compared to Q1 17. Net interest income was down by 14% to €133m for Q1 18 compared to Q1 17. New is the item “derecognition gains” of €6m for Q1 18 compared to €10m for Q1 17. This item was previously part of interest income but needed to be reported separately from 2018 onwards in accordance with IFRS 9. Loan loss provisions were zero compared to €2m in Q1 17. Commission income rose by 4%