Message :
Required fields Aareal Bank Group posts clearly positive consolidated operating profit in the first quarter, forecast affirmed for full year 2021 Wiesbaden, 11 May 2021 - As expected, Aareal Bank Group has returned to profitability in the first quarter of the current financial year.
Return to profitability: first-quarter consolidated operating profit of €32 million
Loss allowance down to only €7 million at the start of the year, following comprehensive allowance recognised in the 2020 financial statements
New business in the Structured Property Financing segment is solid despite the ongoing pandemic; margins remain attractive and loan-to-value ratios on a good level; well-stocked deal pipeline, portfolio volume climbs to € 28.2 billion