Aareal Bank Group’s consolidated operating profit hit a record €470m in 2015, with €92m generated in the fourth quarter alone. Consolidated net income also increased by about 12 percent to €374m. Net interest income was €781m. The management board plans to propose a 38-percent increase in the dividend per share at the bank’s general meeting in May.
“We seized the opportunities the markets presented to us in 2015, both in terms of value-adding, non-organic growth and attractive new business. These positive results underscore the fundamental strength of Aareal Bank Group,” said Hermann Merkens, chairman of the management board.
In an effort to protect its strong base in an increasingly demanding environment and to unlock new revenue potential, the group unveiled Aareal Bank 2020-Adjust.Advance.Achieve. The program will focus on optimizing the bank’s organizational structure, IT and processes, and the deployment of equity while developing its existing business models.
