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EQS-News: Aareal Bank’s strong operating performance in the third quarter largely offsets additional loss allowance for Russia

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Friday, November 11, 2022
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Wiesbaden, 10 November 2022 Aareal Bank Group generated strong operating performance in the third quarter of 2022, improving quarterly results over the previous quarter and the third quarter of 2021, even though the Banks remaining Russian exposure is a burdening factor.

Key Points: 
  • Wiesbaden, 10 November 2022 Aareal Bank Group generated strong operating performance in the third quarter of 2022, improving quarterly results over the previous quarter and the third quarter of 2021, even though the Banks remaining Russian exposure is a burdening factor.
  • Consolidated operating profit rose by 32 per cent in the third quarter to 66 million (Q3 2021: 50 million).
  • That includes loss allowance totalling 63million (Q3 2021: 39 million), of which 43million is attributable to Russia.
  • Jochen Klsges, Chief Executive Officer, commented: We are very pleased with Aareal Bank Groups performance so far this year.