Aareal Bank Group posted a consolidated operating profit of €65m in Q2, up from €45m during the same quarter last year. The group’s consolidated profit hit €34m in the second quarter, up from €21m in Q2 2013.
“The year-to-date business development shows that Aareal Bank Group has been holding a steady course – despite the still subdued economic development, increasing geopolitical imponderabilities, the persistent low-interest rate environment and intensified competition in commercial property financing. Our business model is robust and provides a viable foundation for our ongoing success,” Wolf Schumacher, chairman of the management board of Aareal Bank, said in a statement.
