KEY FINANCIAL INDICATORS

Results

View a year-on-year comparison of our key financial indicators.

	1 Jan - 31 Dec 2020	1 Jan - 31 Dec 2019
Results:
Operating profit (€ mn)	-75	248
Consolidated net income (€ mn)	-69	163
Consolidated net income allocated to ordinary shareholders (€ mn)¹⁾	-90	145
Cost/income ratio (%)²⁾	44.2	37.3
Dividend per share (€)³⁾	1.50	-
Earnings per ordinary share (€)¹⁾	-1.50	2.42
RoE before taxes (%)¹⁾⁴⁾	-4.1	8.9
RoE after taxes (%)¹⁾⁴⁾	-3.6	8.8

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; in line with common practice in the banking sector, bank levy and contributions to the deposit guarantee scheme are not included; otherwise, the cost/income ratio would have amounted to 48.1 %. The previous year’s figure was adjusted accordingly.

³⁾2020: Dividend payments of € 1.50 for 2020 (to be effected in 2021) would need to be made in two steps. In compliance with the requirements published by the European Central Bank (ECB) on 15 December 2020, the distributable amount is calculated at € 0.40 per share. The Management Board plans to submit a corresponding proposal for the appropriation of profits to the ordinary Annual General Meeting in May 2021. Depending on further economic developments, regulatory requirements, the Bank’s capital position and its risk situation, an extraordinary Annual General Meeting, which could possibly take place during the fourth quarter of 2021, could then decide on the intended remaining payout of € 1.10 per share. 2019: Following a request of the ECB to refrain from distributing dividends, the AGM decided that net retained profit for 2019 be transferred to retained earnings.

⁴⁾”Other reserves” were included in equity, in line with the further development of segment reporting; the previous year's figure was adjusted accordingly.

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Annual Report 2020 of Aareal Bank Group

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Annual Report 2020 of Aareal Bank Group

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