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| Aareal Bank reports robust business development during 2Q Wiesbaden based Aareal Bank Group, one of the leading international property specialists, said its robust business development continued into the second quarter of the current year. Against the background of a difficult market environment, the group once again achieved a satisfactory result, therefore remaining successfully on track. Group profit before taxes improved to € 25 million in the second quarter of 2009, after € 17 million in the first quarter (Q2 2008: € 48 million). Both segments – Structured Property Financing and Consulting/Services – once again posted positive quarterly results, in spite of the dramatic slump affecting the global economy and the continuing challenges on the financial markets. Aareal Bank Group is therefore one of the few banks, in Germany and abroad, to have achieved a positive result in all quarters since the outbreak of the financial markets crisis two years ago. write your comments about the article :: © 2009 Construction News :: home page |