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Inhalt der
Ad-Hoc-Mitteilung:
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DGAP-Ad-hoc: Aareal Bank AG / Key word(s): Change
in Forecast/Dividend
Aareal Bank AG: Aareal Bank expects
consolidated operating loss in a double-digit million
euro amount for the 2020 financial year - dividend
payments in a total amount of € 1.50 per share
targeted in the current year for financial year 2020
17-Jan-2021 / 18:01 CET/CEST
Disclosure of an inside information acc. to
Article 17 MAR of the Regulation (EU) No 596/2014,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the
content of this announcement.
Aareal Bank expects
consolidated operating loss in a double-digit million
euro amount for the 2020 financial year - dividend
payments in a total amount of € 1.50 per share
targeted in the current year for financial year
2020
Based on current insights, Aareal Bank Group will
post a consolidated operating loss in a double-digit
million euro amount for the 2020 financial year. This
is due to an increase in loss allowance, compared to
original expectations. Based on the extended and
further tightened global lockdown measures, the Bank
has generally classified all loans for which
liquidity support measures (payment deferrals and
liquidity facilities) were granted as stage 2 - thus
recognising forward-looking additional loss allowance
to a significant extent. In addition, stage 3
allowance has been raised in individual cases.
Overall, with these measures, the Bank is therefore
comprehensively taking account of the recent
intensification of the pandemic.
Aareal Bank will publish full preliminary figures
for the 2020 financial year on 24 February 2021, as
announced.
Based on its strong capitalisation, Aareal Bank
plans to offer its shareholders the prospect of a
total dividend payout of € 1.50 per share in
2021 for the financial year 2020. This is of course
subject to the applicable supervisory and regulatory
requirements. The payout 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 current status of preparation of the
financial statements indicates a distributable amount
of between approximately € 0.35 and € 0.40
per share. Subject to the preparation and audit of
the financial statements and the regulatory
authority's approval for inclusion of profits, the
Management Board plans to submit a corresponding
proposal for the appropriation of profits to the
ordinary Annual General Meeting in May 2021. The Bank
will be able to pay out the remaining amount of
between approximately € 1.10 and € 1.15 per
share in the fourth quarter of 2021, provided that
regulatory requirements concerning uncertainty
surrounding the Covid-19 crisis will have been
fulfilled at that time.
Aareal Bank will take the intended payout
totalling approximately € 90 million into
account as a deduction from regulatory capital as at
31 December 2020. In addition, calculation of
regulatory capital is based on the assumption that
the AT1 bond is serviced in full. In agreement with
the supervisory authority, there are no plans to
terminate the AT1 bond in the current financial
year.
Contact:
Jürgen Junginger, Head of Investor
Relations
17-Jan-2021 CET/CEST The DGAP Distribution
Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: |
English |
| Company: |
Aareal Bank AG |
|
Paulinenstr. 15 |
|
65189 Wiesbaden |
|
Germany |
| Phone: |
+49 (0)611 348 -
0 |
| Fax: |
+49 (0)611 348 -
2332 |
| E-mail: |
aareal@aareal-bank.com |
| Internet: |
www.aareal-bank.com |
| ISIN: |
DE0005408116 |
| WKN: |
540811 |
| Indices: |
MDAX |
| Listed: |
Regulated Market in
Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange;
Stockholm |
| EQS News ID: |
1161127 |
|
|
| End of
Announcement |
DGAP News
Service |
1161127 17-Jan-2021 CET/CEST |