• Net interest income rose by 40% to €240m for Q2 23 versus Q2 22
• Loss allowance, including net gain or loss from financial instruments (fvpl), totalled around €160m in Q2 23
• Pre-tax profit (operating profit) declined by 59% to €25m for Q2 23
• Aareal remains confident that it can achieve the lower end of the consolidated operating profit target range of between €240 and €280m.
10 Aug 2023
Mixed Q2 23 figures burdened by loan loss allowances
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Mixed Q2 23 figures burdened by loan loss allowances
• Net interest income rose by 40% to €240m for Q2 23 versus Q2 22
• Loss allowance, including net gain or loss from financial instruments (fvpl), totalled around €160m in Q2 23
• Pre-tax profit (operating profit) declined by 59% to €25m for Q2 23
• Aareal remains confident that it can achieve the lower end of the consolidated operating profit target range of between €240 and €280m.