DGAP-News

Aareal Bank Group posts record results for the financial year 2014 - proposes dividend increase from EUR 0.75 to EUR 1.20 per share (news with additional features)

DGAP-News: Aareal Bank AG / Key word(s): Preliminary Results
Aareal Bank Group posts record results for the financial year 2014 -
proposes dividend increase from EUR 0.75 to EUR 1.20 per share (news
with additional features)

25.02.2015 / 07:00

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Aareal Bank Group posts record results for the financial year 2014 -
proposes dividend increase from EUR 0.75 to EUR 1.20 per share

- Following a strong fourth quarter, consolidated operating profit of EUR
436 million (2013: EUR 198 million) slightly exceeded the forecast,
which had last been raised in November - consolidated net income more
than tripled to EUR 294 million (EUR 93 million)

- RoE before taxes increased to 11.1 per cent (2013: 7.5 per cent),
excluding negative goodwill from the Corealcredit acquisition

- New business of EUR 10.7 billion originated in the Structured Property
Financing segment markedly exceeded the original target, more than
offsetting - higher-than-expected - early loan repayments

- Dr Wolf Schumacher, Chairman of the Management Board: "We are in an
excellent position to keep developing Aareal Bank Group, positively and
sustainably."

Wiesbaden, 25 February 2015 - Aareal Bank Group concluded the financial
year 2014 with a record result. Based on preliminary, unaudited figures,
consolidated operating profit more than doubled over the previous year,
from EUR 198 million to EUR 436 million. The figure slightly exceeded the
Bank's own projections, which had already been increased during the year,
most recently in November - from EUR 420 million to EUR 430 million. The
considerable rise in consolidated operating profit was partly due to a
positive non-recurring effect resulting from the acquisition of
COREALCREDIT BANK AG (Corealcredit), closed on 31 March 2014. This effect
slightly increased at the year-end, from EUR 152 million to EUR 154
million, due to measurement effects. Adjusted for this effect, consolidated
operating profit amounted to EUR 282 million - a rise of approximately 40
per cent on the previous year. In the fourth quarter, Aareal Bank Group
generated consolidated operating profit of EUR 86 million (Q4 2013: EUR 58
million), making the last quarter of 2014 by far the Group's strongest
quarter ever, in terms of operating profit. Consolidated net income more
than tripled to EUR 294 million for the year as a whole (2013: EUR 93