Aareal Bank

DGAP-News: Aareal Bank continues its de-risking programme with another marked reduction in Italian credit risk

Friday, July 31, 2020 - 3:02pm

Wiesbaden, 31 July 2020 - Notwithstanding the challenges the COVID-19 pandemic has posed to market conditions, Aareal Bank continues to successfully execute on its accelerated de-risking programme by further reducing Italian non-performing loans (NPL).

Key Points: 
  • Wiesbaden, 31 July 2020 - Notwithstanding the challenges the COVID-19 pandemic has posed to market conditions, Aareal Bank continues to successfully execute on its accelerated de-risking programme by further reducing Italian non-performing loans (NPL).
  • This transaction reduced the Bank's Italian NPL volume to less than 500 million, i.e.
  • As for its total NPL volume, Aareal Bank has brought it down to less than 1 billion, thus reducing it by almost half within one year.
  • In spite of this additional non-recurring burden on income, Aareal Bank Group expects to post a slightly positive result for the second quarter.

DGAP-News: Aareal Bank AG's Annual General Meeting elects Jana Brendel and Christof von Dryander as new members of the Supervisory Board

Wednesday, May 27, 2020 - 3:12pm

Wiesbaden, 27 May 2020 Aareal Bank AG's shareholders elected digital transformation and payment solutions expert Jana Brendel and well-known lawyer Christof von Dryander to the Supervisory Board for the first time at today's first virtual Annual General Meeting.

Key Points: 
  • Wiesbaden, 27 May 2020 Aareal Bank AG's shareholders elected digital transformation and payment solutions expert Jana Brendel and well-known lawyer Christof von Dryander to the Supervisory Board for the first time at today's first virtual Annual General Meeting.
  • Previous long-term Supervisory Board members Professor Stephan Schller and Dr Hans Werner Rhein did not stand for re-election again.
  • In Jana Brendel, the Supervisory Board has appointed a recognised IT and digital transformation expert with an in-depth understanding of banking.
  • The election of Christof von Dryander to Aareal Bank's Supervisory Board enhances its expertise in the areas of banking and corporate governance in particular.

DGAP-News: Aareal Bank launches process to sell a minority stake in Aareon

Tuesday, May 19, 2020 - 7:03pm

Wiesbaden, 19 May 2020 - The Management Board of Aareal Bank AG resolved today to enter into discussions with a select group of long-term financial investors - within the framework of a structured process - on the sale of a significant minority stake in subsidiary Aareon AG.

Key Points: 
  • Wiesbaden, 19 May 2020 - The Management Board of Aareal Bank AG resolved today to enter into discussions with a select group of long-term financial investors - within the framework of a structured process - on the sale of a significant minority stake in subsidiary Aareon AG.
  • The process should be carried out quickly and without prejudice to the outcome, whilst exercising due diligence in its application.
  • Hermann J. Merkens, Chairman of the Management Board of Aareal Bank AG, commented: "Aareon is an integral part of Aareal Bank Group's strategy, which has been further developed under the motto of 'Aareal Next Level'.
  • By launching a structured process for the possible sale of a minority stake in Aareon, we have simultaneously demonstrated Aareal Bank Group's ability to consistently pursue its strategic objectives - even in the midst of the Covid-19 pandemic.

DGAP-News: Aareal Bank Group delivers positive results for the first quarter of 2020, having accounted for effects of Covid-19

Tuesday, May 12, 2020 - 7:01am

Aareal Bank Group delivers positive results for the first quarter of 2020, having accounted for effects of Covid-19

Key Points: 
  • Aareal Bank Group delivers positive results for the first quarter of 2020, having accounted for effects of Covid-19
    The issuer is solely responsible for the content of this announcement.
  • Overall, therefore, Aareal Bank Group is in a good position to weather the current crisis well, as well as the resulting impact affecting all sectors - together with its clients."
  • As announced, the focus in this context was on further strengthening the independent profiles of the individual business activities.
  • At more than 200 basis points (excluding currency effects), average gross margins on new business originated during the first quarter clearly exceeded projections.

DGAP-News: Aareal Bank invites shareholders to virtual Annual General Meeting

Monday, April 20, 2020 - 5:03pm

Wiesbaden, 20 April 2020 - Aareal Bank AG will hold its Annual General Meeting on 27 May 2020 as a virtual AGM, without physical presence of shareholders or their authorised representatives.

Key Points: 
  • Wiesbaden, 20 April 2020 - Aareal Bank AG will hold its Annual General Meeting on 27 May 2020 as a virtual AGM, without physical presence of shareholders or their authorised representatives.
  • This was resolved by Aareal Bank's Management Board, with the approval of the Supervisory Board, against the background of the current COVID-19 pandemic.
  • The entire Annual General Meeting on 27 May 2020 will be transmitted by means of an audio-visual broadcast to duly registered shareholders and their authorised representatives, via a shareholder portal on Aareal Bank's website (Investors - General Meeting 2020).
  • Further details, as well as the full agenda, will be set out in the invitation to the Annual General Meeting, and on Aareal Bank's website (www.aareal-bank.com).

DGAP-News: Following a strong performance in the 2019 financial year, Aareal Bank Group expects stable 2020 consolidated net income Aareal Bank AG:

Wednesday, February 26, 2020 - 7:00am

Following a strong performance in the 2019 financial year, Aareal Bank Group expects stable 2020 consolidated net income Aareal Bank AG:

Key Points: 
  • Following a strong performance in the 2019 financial year, Aareal Bank Group expects stable 2020 consolidated net income Aareal Bank AG:
    The issuer is solely responsible for the content of this announcement.
  • Aareal Bank Group once again further strengthened its robust operating base and created value for its stakeholders in the year under review."
  • Aareal Bank not only developed its operating business further in line with projections during the financial year under review.
  • Specifically, Aareal Bank Group anticipates the aggregate of net interest income and net commission income to be stable compared to 2019 ( 762 million), with a higher contribution from Aareon.