AAREAL BANK AG Earnings per ordinary share (EUR ) -1.50 2.42 -162 Earnings per AT1 unit (EUR ) 0.16 0.16
^1) The allocation of earnings is based on the assumption that net interest payable on the AT1 bond is recognised on an accrual basis. Consolidated Income Statement of Aareal Bank Group Preliminary results for the fourth quarter of 2020 (in accordance with IFRSs)
Quarter 4 2020 Quarter 4 2019 Change
EUR mn EUR mn %
Net interest income 139 130 7
Loss allowance 177 35 406
Net commission income 66 65 2
Net derecognition gain or loss 9 22 -59
Net gain or loss from financial instruments (fvpl) -21 -4 425
Net gain or loss from hedge accounting 2 0
Net gain or loss from investments accounted for using the equity method 1 1 0
Administrative expenses 117 118 -1
Net other operating income/expenses -1 1 -200
Operating profit -99 62 -260
Income taxes -13 20 -165
Consolidated net income -86 42 -305
Consolidated net income attributable to non-controlling interests 3 0
Consolidated net income attributable to shareholders of Aareal Bank AG -89 42 -312
Earnings per share (EpS)
Consolidated net income attributable to shareholders of Aareal Bank AG ^1) -89 42 -312
of which: allocated to ordinary shareholders -93 38 -345
of which: allocated to AT1 investors 4 4
Earnings per ordinary share (EUR ) -1.56 0.62 -352
Earnings per AT1 unit (EUR ) 0.04 0.04 ^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 of Aareal Bank Group Preliminary results for the 2020 financial year (unaudited, in accordance with IFRSs)
Structured Consulting / Consolidation / Aareal Bank
Property Services Bank Aareon Reconciliation Group
Financing
1 1 1 1 1 1
Jan Jan 1 Jan 1 Jan Jan Jan 1 Jan - 1 Jan - Jan Jan
- - - - - - 31 Dec 31 Dec - -
31 31 31 Dec 31 Dec 31 31 2020 2019 31 31
Dec Dec 2020 2019 Dec Dec Dec Dec
2020 2019 2020 2019 2020 2019
EUR mn
Net interest income 474 549 39 -15 -1 -1 0 0 512 533
Loss allowance 344 90 0 0 0 0 344 90
Net commission income 8 10 26 23 213 208 -13 -12 234 229
Net derecognition gain or loss 28 64 28 64
Net gain or loss from financial -32 1 0 0 0 -32 1
instruments (fvpl)
Net gain or loss from hedge accounting 6 -4 6 -4
Net gain or loss from investments 2 1 -1 0 1 1
accounted for using the equity method
Administrative expenses 227 254 68 73 188 173 -14 -12 469 488
Net other operating income/expenses -14 -1 0 0 4 3 -1 0 -11 2
Operating profit -99 276 -3 -65 27 37 0 0 -75 248
Income taxes -14 95 -1 -21 9 11 -6 85
Consolidated net income -85 181 -2 -44 18 26 0 0 -69 163
Consolidated net income
attributable to non-controlling 0 0 0 0 5 2 5 2
interests
Consolidated net income attributable to -85 181 -2 -44 13 24 0 0 -74 161
shareholders of Aareal Bank AG Segment Results of Aareal Bank Group Preliminary results for the fourth quarter of 2020 (unaudited, in accordance with IFRSs)
Structured Consulting / Consolidation /
Property Services Bank Aareon Reconciliation Aareal Bank Group
Financing
Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter
4 2020 4 2019 4 2020 4 2019 4 2020 4 2019 4 2020 4 2019 4 2020 4 2019
EUR mn
Net interest income 129 135 10 -5 0 0 0 0 139 130
Loss allowance 177 35 0 0 0 0 177 35
Net commission 4 4 8 6 58 58 -4 -3 66 65
income
Net derecognition 9 22 9 22
gain or loss
Net gain or loss
from financial -21 -4 0 0 -21 -4
instruments (fvpl)
Net gain or loss
from hedge 2 0 2 0
accounting
Net gain or loss
from investments 2 1 -1 0 1 1
accounted for using
the equity method
Administrative 54 59 18 16 50 46 -5 -3 117 118
expenses
Net other operating -3 -1 0 1 3 1 -1 0 -1 1
income/expenses
Operating profit -109 63 0 -14 10 13 0 0 -99 62
Income taxes -18 21 1 -4 4 3 -13 20
Consolidated net -91 42 -1 -10 6 10 0 0 -86 42
income
Consolidated net
income
attributable to 0 0 0 0 3 0 3 0
non-controlling
interests
Consolidated net
income attributable -91 42 -1 -10 3 10 0 0 -89 42
to shareholders of
Aareal Bank AG ----------------------------------------------------------------------------------------------------------------------- 2021-02-24 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------
Language: English
Company: Aareal Bank AG
Paulinenstr. 15
65189 Wiesbaden
Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1170642
End of News DGAP News Service
=------------ 1170642 2021-02-24
(END) Dow Jones Newswires
February 24, 2021 01:06 ET (06:06 GMT)
