Aareal Bank

Aareal Bank AG
Country	Germany
Seat	Wiesbaden , Hesse
legal form	Corporation
ISIN	DE0005408116
Bank code	510 104 00
BIC	AARB DE5W XXX
founding	1923
Website	www.aareal-bank.com
Business data 2019
Total assets	€ 41.1 billion
insoles	€ 10.7 billion
Customer credit	€ 25.8 billion
Employee	2788
management
Board	Hermann J. Merkens (Chairman), Marc Heß, Dagmar Knopek, Christiane Kunisch-Wolff, Thomas Ortmanns Christof Winkelmann
Supervisory board	Marija Korsch, chairwoman

Aareal Bank

The Aareal Bank AG is in the MDAX -listed international company headquartered in Wiesbaden , which until 2002 when German Depfa building and land Bank AG and part of the DEPFA Group changed its name .

The bank is represented on three continents (in Europe , North America and in the Asia-Pacific region) and assists real estate financing in more than 20 countries. Aareal Bank AG has been listed on the German stock exchange since 2002 .

history

The company's history goes back to two institutes: the Preußische Landespfandbriefanstalt (founded in 1922) and the Deutsche Wohnstättenbank AG (founded in 1923), both based in Berlin. In 1926, Deutsche Wohnstättenbank AG was renamed Deutsche Bau- und Bodenbank AG . In 1954, the Prussian Landespfandbriefanstalt was named Deutsche Pfandbriefanstalt .

During the Nazi regime, the bank expanded in particular due to fiduciary transactions for imperial guarantees that were used to finance settlement and residential construction. Housing construction was increasingly dominated by the booming arms industry, which increasingly needed more accommodation for their workers. Another field of activity were industrial loans that were granted to companies such as Daimler-Benz AG , Vereinigte Stahlwerke AG and Ruhrgas AG in the context of armaments construction in the millions . At the time of the seizure of power in 1933 , 63 of the 267 employees were already members of the NSDAP . Supervisory board chairman Otto Kämper was also a party member and praised the government's successes in housing construction. Remarkably, democrats like Arnold Knoblauch and Eberhard Wildermuth were also active on the bank's board of directors until World War II .

In 1979 the Deutsche Pfandbriefanstalt took over a majority stake in Deutsche Bau- und Bodenbank, from 1989 it operated as a stock corporation under the name Deutsche Pfandbrief- und Hypothekenbank AG , went public in 1991 and opened its first foreign branch in Amsterdam in the same year.

In 1999, Deutsche Pfandbrief- und Hypothekenbank AG was renamed DePfa Deutsche Pfandbrief Bank AG and transferred all real estate activities to Deutsche Bau- und Bodenbank , which was also named DePfa Bank AG BauBoden . In 2002, the final separation into Aareal Bank AG (formerly Deutsche Bau- und Bodenbank), based in Wiesbaden, as the real estate financing bank, and DePfa BANK plc , based in Dublin, as the state financing bank . Since 2006, the company has focused on the two segments commercial real estate financing and consulting / services. Aareal Bank had as a result of the financial crisis from 2007 in February 2009 at the financial market stabilization fund SoFFin precaution support measures worth 4.5 billion euros avail, resulting from a silent participation in the amount of 525 million euros and state guarantees for securities in the amount of 4 Billions of euros. The silent participation was repaid in October 2014 after the state guarantees were no longer necessary.

organs

The bank is managed by a board of six . Hermann J. Merkens has been the chairman of the board since 2015. The members of the supervisory board are elected for a five-year term. The chairman of the supervisory board has been Marija Korsch since 2013.

Share and shareholders

Collective registered share for 10,000 RM of Deutsche Bau- und Bodenbank AG from March 1927

The company's share capital is divided into around 60 million shares . The company's shares are traded on the stock exchange under ISIN DE0005408116 and are included in the MDAX , among others . Free float shareholders with reportable shares see table:

proportion of	Shareholders
9.60%	Deka Investment
9.51%	BlackRock
6.50%	Pension Institution of the Federal and State Governments
5.25%	Dimensional Holdings Inc.
5.07%	Igor Kuzniar
4.99%	Allianz Global Investors
3.07%	JPMorgan Group
3.05%	Norges Bank for the State of Norway
52.96%	remaining free float

(As of December 31, 2019)

Subsidiaries

The Aareal Bank group includes the following companies (as of the end of 2019):

Companies	description	Seat	Shareholding
Aareal Bank Asia Limited	Real estate financing for office buildings, hotel, logistics and retail properties as well as for residential properties in selected markets	Singapore	100%
Aareal Capital Corporation	Real estate financing for office buildings, hotel, logistics and retail properties as well as for residential properties in selected markets	Wilmington, Delaware	100%
Aareal Estate AG	Management and consulting company for commercial real estate in Germany and internationally	Wiesbaden	100%
Aareal First Financial Solutions AG	Development and implementation of payment solutions for Aareal Bank	Mainz	94.9%
Aareon AG	Europe-wide consulting and system house for the real estate industry	Mainz	100%
German construction and property stock corporation	Special service provider for real estate management; Service provider in real estate asset management for institutional and private investors, municipalities and the federal government	Berlin	100%
Deutsche Structured Finance GmbH	Conception, launch and placement as well as later management of closed funds, especially in the area of ​​real estate investments	Wiesbaden	100%
PlusForta GmbH	Broker of rental deposit guarantees	Dusseldorf	100%
West German Real Estate Servicing AG	Special institute for the servicing of real estate financing	Mainz	100%

In 2015, the boards of directors of Aareal Bank and Corealcredit Bank decided to split off their operational banking business and integrate them into the parent company. Corealcredit will then become a subsidiary without any operating business, and its previous banking operations will be a branch of Aareal Bank.

literature

• Aareal Bank (Ed.): Trusted Since 1923. 90 Years Aareal Bank Group. (Festschrift) ABT Print und Medien GmbH, Weinheim 2013. (The presentation of the bank's history is partly based on research results of the Bonn historian Joachim Scholtyseck . The Festschrift is also available on the Internet, see web links.)

Web links

• Aareal Bank in the BaFin corporate database
• Aareal Bank's 2013 publication (PDF)
• Early documents and newspaper articles on Aareal Bank in the 20th Century press kit of the ZBW - Leibniz Information Center for Economics .

Individual evidence

1. ↑ ^{a b} Master data of the credit institute at the Deutsche Bundesbank
2. ↑ Annual Report 2019 , accessed on May 9, 2020.
3. ↑ Aareal Bank Banken from Wiesbaden in the company database wirdzu-wem.de. Retrieved December 11, 2018 . 
4. ↑ ^{a b c d} Aareal Bank AG - Corporate Communications: Trusted since 1923. 90 Years Aareal Bank Group (Festschrift). (PDF) Aareal Bank AG, accessed on May 8, 2020 (German, English). 
5. ↑ Frankfurter Allgemeine from February 16, 2009, Federal government supports Aareal Bank with 4.5 billion euros
6. ↑ Company profile . In: www.aareal-bank.com. Aareal Bank AG, accessed on November 10, 2016 . 
7. ^ Aareal Bank share. Retrieved May 29, 2019 . 
8. ↑ Aareal Bank. In: handelsblatt.com. Retrieved May 29, 2019 . 
9. ↑ ^{a b} Annual Report 2019 , accessed on May 9, 2020
10. ↑ Aareal Bank Group got off to a good start in the 2015 financial year. Retrieved May 29, 2019 . 

Coordinates: 50 ° 4 ′ 58.3 "  N , 8 ° 14 ′ 53.6"  E