WIESBADEN (dpa-AFX) - Aareal Bank Group (AAALF.PK) reported that its net income attributable to shareholders for the fourth quarter climbed to 53 million euros from 13 million euros in the prior year. Earnings per ordinary share were 0.83 euros up from 0.16 euros in the previous year.
Operating profit for the forth-quarter grew to 82 million euros from 32 million euros last year.
Net interest income for the quarter rose to 188 million euros from 162 million euros in the prior year. Net commission income for the quarter rose to 78 million euros from 71 million euros in the prior year.
areal Bank Group expects a further increase in income for 2023.
In February 2022, Aareal Bank Group announced its target for 2024 consolidated operating profit of up to 350 million euros. The Bank is confident that it will be able to achieve the results at an operational level as early as in the current financial year.
The Group now expects consolidated operating profit for the 2023 financial year to be between 240 million euros and 280 million euros compared to 239 million euros in 2022.
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