EQS-News: Aareal maintains dynamic operating performance in the third quarter
Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.
- Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.
- Net commission income was up by 13 per cent compared to the previous year’s quarter, to €76 million (Q3 2022: €67 million), mainly due to ongoing revenue growth at Aareon.
- Loss allowance for the third quarter amounted to €102 million (Q3 2022: €63 million), and continued to reflect loan defaults affecting the US office property market.
- Aareon refinanced the facility provided by Aareal Bank (“Hunting Line”) in the third quarter through external long-term debt.