AAREAL BANK AG Consolidated income statement for the second quarter of 2021 (in accordance with IFRSs)
2^nd quarter 2^nd quarter Change
2021 2020
? mn ? mn %
Net interest income 142 122 16
Loss allowance 33 48 -31
Net commission income 59 54 9
Net derecognition gain or loss 8 9 -11
Net gain or loss from financial instruments (fvpl) -3 -17 -82
Net gain or loss from hedge accounting 1 1 0
Net gain or loss from investments accounted for using the equity method -1 0
Administrative expenses 118 109 8
Net other operating income/expenses -14 -10 40
Operating profit 41 2
Income taxes 29 -7 -514
Consolidated net income 12 9 33
Consolidated net income attributable to non-controlling interests 1 0
Consolidated net income attributable to shareholders of Aareal Bank AG 11 9 22
Earnings per share (EpS)
Consolidated net income attributable to shareholders of Aareal Bank AG ^ 11 9 22
1)
of which: allocated to ordinary shareholders 8 5 60
of which: allocated to AT1 investors 3 4 -25
Earnings per ordinary share (?) 0.13 0.07 86
Earnings per AT1 unit (?) 0.03 0.04 -25 ^1) The allocation of earnings is based on the assumption that net interest payable on the AT1 bond is recognised on an accrual basis. Segment results for the first half-year 2021 (in accordance with IFRSs)
Structured Banking & Consolidation / Aareal Bank
Property Digital Aareon Reconciliation Group
Financing Solutions
1 1 1 1 1 1
Jan- Jan- 1 Jan- 1 Jan- Jan- Jan- 1 Jan- 1 Jan- Jan- Jan-
30 30 30 Jun 30 Jun 30 30 30 Jun 30 Jun 30 30
Jun Jun 2021 2020 Jun Jun 2021 2020 Jun Jun
2021 2020 2021 2020 2021 2020
? mn
Net interest income 260 226 22 20 -2 -1 0 0 280 245
Loss allowance 40 106 0 0 40 106
Net commission income 4 3 13 12 107 102 -6 -6 118 111
Net derecognition gain or loss 8 16 8 16
Net gain or loss from financial -4 -7 0 0 -4 -7
instruments (fvpl)
Net gain or loss from hedge -2 2 -2 2
accounting
Net gain or loss from investments
accounted for using the equity -1 0 0 -1 0
method
Administrative expenses 134 117 36 35 104 92 -6 -6 268 238
Net other operating income/expenses -20 -11 0 0 2 1 0 0 -18 -10
Operating profit 72 6 -2 -3 3 10 0 0 73 13
Income taxes 40 -5 -1 -1 1 3 40 -3
Consolidated net income 32 11 -1 -2 2 7 0 0 33 16
Consolidated net income
attributable to non-controlling 0 0 0 0 2 1 2 1
interests
Consolidated net income
attributable to shareholders of 32 11 -1 -2 0 6 0 0 31 15
Aareal Bank AG
Allocated equity ^1) 1,686 1,809 258 194 38 42 533 466 2,515 2,511
RoE after taxes (%) ^2) 3) 3.0 0.2 -1.1 -1.5 -0.2 27.7 1.9 0.5 ^1) For management purposes, the allocated equity is calculated for all segments from 2021 onwards on the basis of capital requirements pursuant to Basel IV (phase-in). Reported equity on the statement of financial position differs from this. Aareon's total equity as disclosed in the statement of financial position amounts to ?141 million. ^2) On an annualised basis ^3) The allocation of earnings is based on the assumption that net interest payable on the AT1 bond is recognised on an accrual basis. Segment results for the second quarter of 2021 (in accordance with IFRSs)
Structured Banking & Digital Consolidation /
Property Solutions Aareon Reconciliation Aareal Bank Group
Financing
2^nd 2^nd 2^nd 2^nd 2^nd 2^nd 2^nd 2^nd 2^nd 2^nd
quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter
2021 2020 2021 2020 2021 2020 2021 2020 2021 2020
? mn
Net interest income 133 113 11 10 -2 -1 0 0 142 122
Loss allowance 33 48 0 0 33 48
Net commission 2 1 6 7 54 49 -3 -3 59 54
income
Net derecognition 8 9 8 9
gain or loss
Net gain or loss
from financial -3 -17 0 0 -3 -17
instruments (fvpl)
Net gain or loss
from hedge 1 1 1 1
accounting
Net gain or loss
from investments -1 0 0 -1 0
accounted for using
the equity method
Administrative 50 49 17 17 54 46 -3 -3 118 109
expenses
Net other operating -15 -11 0 0 1 1 0 0 -14 -10
income/expenses
Operating profit 43 -1 -1 0 -1 3 0 0 41 2
Income taxes 30 -8 -1 0 0 1 29 -7
Consolidated net 13 7 0 0 -1 2 0 0 12 9
income
Consolidated net
income
attributable to 0 0 0 0 1 0 1 0
non-controlling
interests
Consolidated net
income attributable 13 7 0 0 -2 2 0 0 11 9
to shareholders of
Aareal Bank AG ----------------------------------------------------------------------------------------------------------------------- (MORE TO FOLLOW) Dow Jones Newswires
August 12, 2021 01:00 ET (05:00 GMT)
