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| Aareal Bank maintains solid results in third quarter of 2009 Aareal Bank in Weisbaden, Germany, maintained its robust business development and once again generated a solid positive result – as it has done in every quarter since the outbreak of the financial markets crisis in summer 2007. The group's profit before taxes and appropriation/attribution of results for the period from July to September was € 25 million, after € 25 million in the second quarter and € 17 million in the first three months of the current year. The corresponding figure for the third quarter 2008 was € 31 million. Also at the end of the third quarter, Aareal Bank Group confirmed its projections for key financial indicators communicated to date. More concrete guidance is provided regarding certain indicators. Consolidated net interest income is expected to be around € 455 million, and hence at the lower end of the € 455 - € 475 million range. write your comments about the article :: © 2009 Construction News :: home page |