Aareal Bank AG
Aareal Bank Group publishes Annual Report 2016
DGAP-News: Aareal Bank AG / Key word(s): Final Results Aareal Bank Group publishes Annual Report 2016 As announced on the occasion of the Bank’s annual press conference on 23 February 2017 during the presentation of the preliminary, unaudited results, consolidated operating profit for the 2016 financial year amounted to EUR 366 million, after EUR 470 million in the previous year. Consolidated operating profit for the 2015 financial year included negative goodwill in the amount of EUR 150 million from the acquisition of Westdeutsche ImmobilienBank AG (WestImmo), which was completed on 31 May 2015. The Bank wants its shareholders to participate appropriately in these results, which were once again very good. Therefore – as also communicated in February – the Management Board and the Supervisory Board will propose to the Annual General Meeting of Aareal Bank AG, to be held on 31 May 2017, to distribute a dividend of EUR 2.00 per share (2016: EUR 1.65). This equals a distribution ratio of 60 per cent. “From an operational perspective, the financial year 2016 was again a strong year for Aareal Bank Group. We have delivered on our promises again. During the year 2016, we once again remained true to our business policy of making prudent decisions and exploiting opportunities”, Hermann J. Merkens, Chairman of the Management Board, explained. The full annual report for 2016 is available from Aareal Bank’s website http://aareal-bank.com/financial-reports. An online version including additional information is available on http://ar2016.aareal-bank.com.
Contact: Aareal Bank AG Corporate Communications Sven Korndörffer Phone: +49 611 348 2306 sven.korndoerffer@aareal-bank.com Christian Feldbrügge Phone: +49 611 348 2280 christian.feldbruegge@aareal-bank.com Jorge Person Phone: +49 611 348 3217 jorge.person@aareal-bank.com Alessandro Schwarz Phone: +49 611 348 2923 alessandro.schwarz@aareal-bank.com
30.03.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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 |
End of News | DGAP News Service |