Aareal Bank

EQS-News: Atlantic BidCo’s voluntary public takeover offer for Aareal Bank AG to be closed

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Monday, May 22, 2023
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Atlantic BidCo had secured around 84 per cent of Aareal Bank shares at an offer price of €33.00 per share in the course of a voluntary public takeover offer last year.

Key Points: 
  • Atlantic BidCo had secured around 84 per cent of Aareal Bank shares at an offer price of €33.00 per share in the course of a voluntary public takeover offer last year.
  • At completion, the Bidder said it will own around 90 per cent of the shares.
  • Following the closing of the transaction, Aareal Bank Group will continue to pursue its strategic goals based on the “Aareal Next Level” strategy.
  • Jochen Klösges, CEO of Aareal Bank said, “Aareal Bank Group has demonstrated that its strategy is viable even under very challenging conditions.

EQS-News: Atlantic BidCo GmbH: Atlantic BidCo receives all regulatory approvals to complete the voluntary public takeover offer for Aareal Bank AG – Settlement of takeover offer expected in June

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Monday, May 22, 2023
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Frankfurt, 22 May 2023 – Atlantic BidCo GmbH (the “Bidder”) today announced that, following the approval by the European Central Bank (“ECB”), it has now obtained all regulatory clearances related to the voluntary public takeover offer for the shares of Aareal Bank AG (“Aareal Bank”).

Key Points: 
  • Frankfurt, 22 May 2023 – Atlantic BidCo GmbH (the “Bidder”) today announced that, following the approval by the European Central Bank (“ECB”), it has now obtained all regulatory clearances related to the voluntary public takeover offer for the shares of Aareal Bank AG (“Aareal Bank”).
  • With today’s approval by the ECB, all offer conditions have now been fulfilled and the settlement of the takeover offer will take place by 7 June 2023.
  • Shareholders that accepted the offer will receive the consideration of EUR 33.00 per tendered Aareal Bank share.
  • Following closing of the takeover offer, the Bidder will own approximately 90 percent of the share capital and the voting rights of Aareal Bank.

EQS-News: Aareal Bank doubles consolidated operating profit in the first quarter of 2023

Retrieved on: 
Thursday, May 11, 2023
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We are taking a forward-looking, vigilant stance in the current challenging environment.”

Key Points: 
  • We are taking a forward-looking, vigilant stance in the current challenging environment.”
    Wiesbaden, 11 May 2023 – Aareal Bank Group doubled its consolidated operating profit in the first quarter, to €62 million (Q1 2022: €30 million).
  • In view of current volatility, Aareal Bank has selectively originated new commercial property finance business in the first quarter.
  • Chief Executive Officer Jochen Klösges said: “We have further increased our operating profitability and remain on course.
  • Aareal Bank continues to expect consolidated operating profit for 2023 of between €240 million and €280 million.

EQS-News: Aareal Bank posts a 54 per cent increase in consolidated operating profit for 2022

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Thursday, March 2, 2023
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In February 2022, Aareal Bank Group announced its target for 2024 consolidated operating profit of up to €350 million.

Key Points: 
  • In February 2022, Aareal Bank Group announced its target for 2024 consolidated operating profit of up to €350 million.
  • Aareal Bank increased its net interest income by 18 per cent to €702 million in the financial year under review (2021: €597 million).
  • Aareal Bank Iowered its cost/income ratio (CIR) in the banking business to 40 per cent for the full year (2021: 50 per cent).
  • At the same time, the Bank reduced its NPL ratio from 5.2 per cent (year-end 2021) to 3.6 per cent as at 31 December 2022.

EQS-News: Survey on energy price crisis shows families and younger tenants fear payment difficulties due to high tenant service charges

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Sunday, February 12, 2023
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Wiesbaden, 8 February 2023 – Almost 62 percent of families are concerned that they may be unable to meet high tenant service charges, despite various relief and support measures.

Key Points: 
  • Wiesbaden, 8 February 2023 – Almost 62 percent of families are concerned that they may be unable to meet high tenant service charges, despite various relief and support measures.
  • In addition, around 63 percent, especially young people aged between 18 and 29, worry about having cash flow difficulties.
  • Moreover, many tenants will only receive their final service charges bill for the last year during the course of this year.
  • One feasible way of creating liquidity rapidly and autonomously is to convert a cash security deposit into a tenant deposit guarantee.

W. P. Carey Inc. Announces New Appointment to Board of Directors

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Monday, December 12, 2022
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NEW YORK, Dec. 12, 2022 /PRNewswire/ --  W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a net lease real estate investment trust, today announced the appointment of Elisabeth Stheeman to its Board of Directors, effective immediately. Ms. Stheeman will serve as a member of both the Investment and Nominating & Corporate Governance Committees.

Key Points: 
  • Carey Inc. (W. P. Carey, NYSE: WPC), a net lease real estate investment trust, today announced the appointment of Elisabeth Stheeman to its Board of Directors, effective immediately.
  • Ms. Stheeman will serve as a member of both the Investment and Nominating & Corporate Governance Committees.
  • She is an external member of the Bank of England's Financial Policy Committee and the Bank of England's Financial Market Infrastructure Board.
  • With Ms. Stheeman's appointment, W. P. Carey's Board of Directors currently comprises 11 members, 36 percent of whom are female.

EQS-News: Aareal Bank’s strong operating performance in the third quarter largely offsets additional loss allowance for Russia

Retrieved on: 
Friday, November 11, 2022
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Wiesbaden, 10 November 2022 Aareal Bank Group generated strong operating performance in the third quarter of 2022, improving quarterly results over the previous quarter and the third quarter of 2021, even though the Banks remaining Russian exposure is a burdening factor.

Key Points: 
  • Wiesbaden, 10 November 2022 Aareal Bank Group generated strong operating performance in the third quarter of 2022, improving quarterly results over the previous quarter and the third quarter of 2021, even though the Banks remaining Russian exposure is a burdening factor.
  • Consolidated operating profit rose by 32 per cent in the third quarter to 66 million (Q3 2021: 50 million).
  • That includes loss allowance totalling 63million (Q3 2021: 39 million), of which 43million is attributable to Russia.
  • Jochen Klsges, Chief Executive Officer, commented: We are very pleased with Aareal Bank Groups performance so far this year.

DGAP-News: Annual General Meeting of Aareal Bank AG elects six new Supervisory Board members

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Wednesday, August 31, 2022
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Wiesbaden, 31 August 2022 At today's virtual ordinary Annual General Meeting, Aareal Bank AGs shareholders elected Henning Giesecke, Denis Hall, Barbara Knoflach, Hans-Hermann Lotter, Marika Lulay and Jos Sevilla lvarez as new members of the Supervisory Board.

Key Points: 
  • Wiesbaden, 31 August 2022 At today's virtual ordinary Annual General Meeting, Aareal Bank AGs shareholders elected Henning Giesecke, Denis Hall, Barbara Knoflach, Hans-Hermann Lotter, Marika Lulay and Jos Sevilla lvarez as new members of the Supervisory Board.
  • The new Supervisory Board members replace the court-appointed members, Holger Giese, Friedrich Munsberg, and Dr Ulrich Theileis who have left the Supervisory Board at their own request, as did Jana Brendel and Elisabeth Stheeman.
  • Chairman of the Supervisory Board, Prof. DrHermann Wagner, and Sylvia Seignette will remain in office as shareholder representatives to the Supervisory Board.
  • More information about this year's Annual General Meeting, and on the new Supervisory Board members, as well as the detailed voting results, will be published shortly on Aareal Bank AGs website .

DGAP-News: Aareal Bank reports good second-quarter results, despite challenging market environment

Retrieved on: 
Wednesday, August 10, 2022
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Aareal Bank reports good second-quarter results, despite challenging market environment

Key Points: 
  • Aareal Bank reports good second-quarter results, despite challenging market environment
    The issuer is solely responsible for the content of this announcement.
  • Wiesbaden, 10 August 2022 Aareal Bank Group achieved good results for the second quarter of 2022, despite a challenging market environment.
  • Jochen Klsges, Chief Executive Officer, explained: Despite high volatility and macro-economic turbulences, we have posted good results for the second quarter.
  • Moreover, Aareal Bank has further diversified its funding mix, for example by concluding a cooperation with Raisin and Deutsche Bank to gain efficient market access to deposits from private clients.

DGAP-News: Aareal Bank postpones virtual ordinary Annual General Meeting to 31 August 2022

Retrieved on: 
Thursday, August 4, 2022
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Wiesbaden, 4 August 2022 Aareal Bank AG will postpone its virtual ordinary Annual General Meeting, originally scheduled for 10 August 2022, to 31 August 2022, due to a technical fault.

Key Points: 
  • Wiesbaden, 4 August 2022 Aareal Bank AG will postpone its virtual ordinary Annual General Meeting, originally scheduled for 10 August 2022, to 31 August 2022, due to a technical fault.
  • Due to a missing ISIN, it was not possible to guarantee that all shareholders entitled to vote received the convening notice for the Annual General Meeting published on 30June 2022.
  • In light of the prevailing Covid-19 pandemic, the Annual General Meeting will once again be held in a virtual format, without physical presence of shareholders.
  • The entire Annual General Meeting on 31 August 2022 will be transmitted by means of an audio-visual broadcast to duly registered shareholders and their authorised representatives, via a shareholder portal on Aareal Banks website (Investors General Meeting 2022).