21. Februar 2012 
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Aareal Bank plans for 2012 cautiously
Thanks to an excellent business performance also maintained during the final quarter, Aareal Bank
significantly increased its 2011 financial year results over the previous year. Based on preliminary, unaudited figures, consolidated operating profit for the 2011 financial year climbed by 38% or € 51 million compared with 2010, to € 185 million - despite the very challenging market environment the bank faced for long periods during 2011. Consolidated net income reached € 93 million and has
therefore more than doubled year-on-year (2010: € 46 million).
Aareal Bank Group replicated the positive performance of the previous quarters in the fourth quarter of 2011 too. At € 47 million, consolidated operating profit was significantly higher than in the final quarter of 2010 (€ 40 million). Consolidated net income increased to € 24 million in the fourth quarter (Q4 2010: € 19 million).
Aareal Bank achieved its key targets in the financial year under review. The excellent result - considering the challenging market environment - is attributable to, amongst other things, a significant increase in net interest income, which benefited from the previous year's high-margin new business. Aareal Bank also consistently took advantage of available market opportunities and increased the volume of new business to € 8.0 billion; it was therefore at the upper end of the projected target corridor of € 7 billion to € 8 billion and clearly outperformed the level achieved in 2010 (€ 6.7 billion). Maintaining a prudent business policy throughout 2011 paid off, too: on the one hand, allowance for credit losses totalling € 112 million was at the lower end of the projected rage of € 110 to € 140 million and was only marginally higher than last year (€ 105 million), despite the poor economic development.
„We delivered on our promises again in the financial year under review, despite the escalating turbulences on financial markets in the second half of the year. Our very good results show that Aareal Bank Group is well-positioned to master the challenges presented by the economic downturn, the uncertain political framework and the cumulative regulatory changes that are forthcoming“, CEO Dr Schumacher explained.
significantly increased its 2011 financial year results over the previous year. Based on preliminary, unaudited figures, consolidated operating profit for the 2011 financial year climbed by 38% or € 51 million compared with 2010, to € 185 million - despite the very challenging market environment the bank faced for long periods during 2011. Consolidated net income reached € 93 million and has
therefore more than doubled year-on-year (2010: € 46 million).
Aareal Bank Group replicated the positive performance of the previous quarters in the fourth quarter of 2011 too. At € 47 million, consolidated operating profit was significantly higher than in the final quarter of 2010 (€ 40 million). Consolidated net income increased to € 24 million in the fourth quarter (Q4 2010: € 19 million).
Aareal Bank achieved its key targets in the financial year under review. The excellent result - considering the challenging market environment - is attributable to, amongst other things, a significant increase in net interest income, which benefited from the previous year's high-margin new business. Aareal Bank also consistently took advantage of available market opportunities and increased the volume of new business to € 8.0 billion; it was therefore at the upper end of the projected target corridor of € 7 billion to € 8 billion and clearly outperformed the level achieved in 2010 (€ 6.7 billion). Maintaining a prudent business policy throughout 2011 paid off, too: on the one hand, allowance for credit losses totalling € 112 million was at the lower end of the projected rage of € 110 to € 140 million and was only marginally higher than last year (€ 105 million), despite the poor economic development.
„We delivered on our promises again in the financial year under review, despite the escalating turbulences on financial markets in the second half of the year. Our very good results show that Aareal Bank Group is well-positioned to master the challenges presented by the economic downturn, the uncertain political framework and the cumulative regulatory changes that are forthcoming“, CEO Dr Schumacher explained.
