Key Indicators

 1 Jan - 31 Dec 20181 Jan - 31 Dec 2017
Results  
Operating profit (€ mn)316328
Consolidated net income (€ mn)226213
Consolidated net income allocated to ordinary shareholders (€ mn)1) 208191
Cost / income ratio (%)2)40.440.5
Dividend per share (€)3)2.102.50
Earnings per ordinary share (€)1) 3.483.20
RoE before taxes (%)1) 11.611.9
RoE after taxes (%)1)8.37.6

   

 31 Dec 201831 Dec 2017
Statement of Financial Position  
Property finance (€ mn)4)26,39525,088
Equity (€ mn)2,9282,924
Total assets (€ mn)42,68741,908
   
Regulatory indicators5)  
Risk-weighted assets (€ mn)13,03911,785
Common Equity Tier 1 ratio (CET1 ratio) (%)                      17.219.6
Tier 1 ratio (T1 ratio) (%)19.8522.1
Total capital ratio (TC ratio) (%)26.230.0
   
Common Equity Tier 1 ratio (CET1 ratio) (%) – Basel IV (estimated) –6)13.213.4
   
Employees2,7482,800
   
Ratings  
Moody’s  
Issuer ratingA3Baa1
Senior Preferred6)A3-
Senior Non Preferred7)Baa1Baa1
Bank deposit ratingA3A3
Mortgage Pfandbrief RatingAaaAaa
   
Fitch Ratings  
Issuer default ratingA-BBB+
Senior PreferredA-
Senior Non PreferredA-BBB+
Deposit ratingsAA-
   
Sustainability8)  
MSCIAAAA
ISS-oekomprime (C)prime (C)
Sustainalytics7070

 

1) The allocation of earnings is based on the assumption that net interest payable on the AT1 bond is recognised on an accrual basis.
2) Structured Property Financing segment only
3) 2018: Proposal to be submitted to the Annual General Meeting
4) Excluding € 0.6 billion in private client business (31 December 2017: € 0.8 billion) and € 0.5 billion in local authority lending business by the former Westdeutsche ImmobilienBank AG (WestImmo) (31 December 2017: € 0.5 billion)
5) When calculating own funds, annual profits including negative goodwill were taken into account, based on the Management Board‘s proposal for appropriation of profits for the 2018 financial year. The appropriation of profits is subject to approval by the Annual General Meeting. The expected relevant impact of the TRIM exercise on commercial property financings, and of the SREP recommendations concerning ECB‘s NPL guidelines (NPL stock), were taken into account for determining regulatory indicators for 2018.
6) Underlying estimate, given a 72.5 % output floor based on the final Basel Committee framework dated 7 December 2017. The calculation of the material impact upon Aareal Bank is subject to the outstanding EU implementation as well as the implementation of additional regulatory requirements (CRR II, EBA requirements etc.).
7) Moody‘s terminology: ”Senior Unsecured”
8) Moody‘s terminology: ”Junior Senior Unsecured”
9) Published on 21 January 2019.
10) Please refer to our website for more details.