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28 May 2012

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Germany's Aareal Bank doubles 2010 net to E46m

Wiesbaden-based property financier Aareal posted a 54% increase in consolidated operating profit to E134m in 2010, and doubled consolidated net income to E46m - after taxes, shareholder income and deduction of interest payable on the SoFFin silent participation - both figures far exceeding the bank's projections.

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