Associated tags: Bank, World Bank Group, Risk management, Housing, Aareal Bank, Software, Environment, Digital Solutions, Consolidated, Renewable energy, EBITDA, Cryptocurrency, NPL
Locations: SPAIN, PARIS, DEUTSCHLAND, , UK, NETHERLANDS, SCOTLAND, ROME, FRANCE, EUROPE
Retrieved on:
Tuesday, December 26, 2023
The issuer is solely responsible for the content of this announcement.
Key Points:
- The issuer is solely responsible for the content of this announcement.
- Wiesbaden, 11 December 2023 – Atlantic BidCo GmbH ("Atlantic BidCo") today informed the Management Board of Aareal Bank AG that it holds 95.28 per cent of Aareal Bank shares following completion of its delisting offer.
- Against this background, Atlantic BidCo has submitted a demand, pursuant to section 327a (1) of the German Stock Corporation Act (Aktiengesetz – “AktG”), that the General Meeting adopt a resolution to transfer all shares held by the minority shareholders to Atlantic BidCo against payment of an appropriate cash compensation (squeeze-out under Stock Corporation Act).
- Atlantic BidCo has indicated that it will inform Aareal Bank of the amount of the cash compensation in a further letter (a so-called ‘specified demand’) once this has been determined.
Retrieved on:
Thursday, December 14, 2023
Bank,
Tax,
Growth,
Digital Solutions,
NPL,
Loss,
IESA,
EBA,
NPE,
PBSA,
Aareal Bank,
EBITDA,
Housing,
Investment,
Policy,
Common equity,
Environment,
Cryptocurrency,
Arms industry Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.
Key Points:
- Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.
- Net commission income was up by 13 per cent compared to the previous year’s quarter, to €76 million (Q3 2022: €67 million), mainly due to ongoing revenue growth at Aareon.
- Loss allowance for the third quarter amounted to €102 million (Q3 2022: €63 million), and continued to reflect loan defaults affecting the US office property market.
- Aareon refinanced the facility provided by Aareal Bank (“Hunting Line”) in the third quarter through external long-term debt.
Retrieved on:
Thursday, September 28, 2023
Wiesbaden, 28 September 2023 – Responding to rising demand and the growing importance of alternative living concepts, Aareal Bank will launch a dedicated department “Alternative Living”.
Key Points:
- Wiesbaden, 28 September 2023 – Responding to rising demand and the growing importance of alternative living concepts, Aareal Bank will launch a dedicated department “Alternative Living”.
- The new team will be headed by Benjamin Walter, who will join Aareal Bank from Union Investment Real Estate GmbH on 1 October 2023.
- He now returns to Aareal Bank, having worked in various roles in the Bank’s hotel financing team between 2006 and 2019.
- Aareal Bank has been offering financing for student housing (PBSA) and co-living properties for some time, and is one of the leading European lenders in this area.
Retrieved on:
Thursday, August 10, 2023
Asset management,
Investment banking,
European Banking Federation,
Annual,
Public sector banks in India,
Supervisory board,
Chairperson,
Annual general meeting,
Corporation,
Vulnerability and Risk Committee,
Private banking,
Bank,
Pierre,
CIB,
Pension fund,
UniCredit Hermann Wagner: "I am delighted to welcome Jean Pierre Mustier to the Supervisory Board.
Key Points:
- Hermann Wagner: "I am delighted to welcome Jean Pierre Mustier to the Supervisory Board.
- Wiesbaden, 10 August 2023 – At today's virtual ordinary Annual General Meeting, Aareal Bank AG's shareholders elected Jean Pierre Mustier to the Supervisory Board.
- He succeeds Sylvia Seignette, who had been a member of the Supervisory Board since 2015 and whose regular term of office ended with the 2023 Annual General Meeting.
- Prof. Dr Hermann Wagner said: "I am delighted to welcome Jean Pierre Mustier to the Supervisory Board.
Retrieved on:
Thursday, August 10, 2023
Aareal Bank,
Loss,
Partnership,
Housing,
Policy,
NPL,
Digital Solutions,
IESA,
EBITDA,
Acquisition,
Pfandbrief,
Investment,
Basel III: Finalising post-crisis reforms,
Growth,
Consolidated,
Bank,
Environment,
Atlantic Ocean,
Software,
Pharmaceutical industry,
Renewable energy,
Management,
Cryptocurrency,
Video game Moreover, a part of the investment budget was used for the early termination of the Bank's remaining Russian exposure.
Key Points:
- Moreover, a part of the investment budget was used for the early termination of the Bank's remaining Russian exposure.
- This means that loss allowance for US office property financings totalled approximately €100 million.
- What is more, deposits reached an average volume of €13.5 billion in the first six months of 2023, benefiting from higher interest rates.
- Another €33 million of loss allowance was recognised in net gain or loss from financial instruments (fvpl) due to fair value measurement adjustments in the US.
European Central Bank,
Aareal Bank,
Housing,
Bidding,
Digital Solutions,
Central bank,
Advent International,
Acquisition,
Investment,
ECB,
International investment agreement,
Growth,
Digital,
Bank,
Centerbridge Partners,
Environment,
CPP Investment Board,
Software,
Security (finance) 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.
Software as a service,
Aareal Bank,
Housing,
NPL,
Digital Solutions,
NPL network,
EBITDA,
Investment,
Consolidated,
Bank,
Environment,
Cryptocurrency,
Video game,
Renewable energy,
Software 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.
Momentum,
NPL,
EBITDA,
Consolidated,
LTV,
Software as a service,
Housing,
History,
Basel III: Finalising post-crisis reforms,
CIR,
Investment,
Digital Solutions,
Aareal Bank,
COVID-19,
Environment,
Bank,
Growth,
Time from NPL (MSF),
Acquisition,
ECP,
Financial Oversight and Management Board for Puerto Rico,
Atlantic Ocean,
Security (finance),
Cryptocurrency,
Renewable energy,
Forestry,
Software 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.
