WIESBADEN (dpa-AFX) - German real estate lender Aareal Bank Group (AAALF.PK) posted a slight increase in its first-quarter consolidated profit and said it is affirming its full-year targets for 2013.
Consolidated net income in the quarter totaled 22 million euros, slightly up from last year's 21 million euros.
Aareal Bank generated consolidated operating profit of 47 million euros, exceeding the 43 million euros figures recorded for the same period of the previous year.
Consolidated net interest income was lower at 121 million euros, burdened by the bank's cautious investment strategy, and low interest rate levels. The bank's net interest income was 129 million euros a year ago.
Copyright(c) 2013 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2013 AFX News
