Type Aktiengesellschaft Industry Financial Services Headquarters Wiesbaden, Germany Total assets 51.9 billion EUR (2015) | Traded as FWB: ARL Website www.aareal-bank.com Number of employees 2,861 Founded 1923 | |
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Key people Hermann J. Merkens (Chairman of the management board), Marija Korsch (Chairman of the supervisory board) Products Structured Property Finance and Consulting Services for the housing sector Stock price ARL (ETR) € 35.08 -0.63 (-1.76%)27 Feb, 5:35 PM GMT+1 - Disclaimer Profiles | ||
Finance in the cee region michael sternicki general manager aareal bank ag s a poland
Aareal Bank AG is an international company listed on the MDAX index with headquarters in Wiesbaden, Germany, which traded as DePfa Deutsche Bau- und Boden Bank AG and formed part of the DePfa Gruppe until 2002.
Contents
- Finance in the cee region michael sternicki general manager aareal bank ag s a poland
- Interview martin vest aareal bank ag
- History
- Bodies
- Shareholder structure
- Subsidiaries
- References
Aareal Bank is represented on three continents (Europe, North America and the Asia-Pacific region) and oversees property financing in more than 20 countries. Aareal Bank AG has been listed on the German stock exchange since 2002.
Interview martin vest aareal bank ag
History
The company's history dates back to two institutions: Preußische Landespfandbriefanstalt (founded in 1922) and Deutsche Wohnstättenbank AG (founded in 1923), both of which were based in Berlin. Deutsche Wohnstättenbank AG was renamed Deutsche Bau- und Bodenbank in 1926. Preußische Landespfandbriefanstalt was given the name Deutsche Pfandbriefanstalt in 1954. In 1979, Deutsche Pfandbriefanstalt acquired a majority interest in Deutsche Bau- und Bodenbank. It traded as public limited company under the name Deutsche Pfandbrief- und Hypothekenbank AG from 1989, before going public in 1991 and opening 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 property activities to Deutsche Bau- und Bodenbank, which was also given the name DePfa Bank AG BauBoden at this time. In 2002, the bank was divided into Aareal Bank AG (formerly Deutsche Bau- und Bodenbank), a property finance bank with headquarters in Wiesbaden, and DePfa BANK plc, a public finance bank based in Dublin. Since 2006, the company has focused on the Commercial Property Financing and Consulting/Services segments.
Bodies
Hermann J. Merkens has been chairman of the management board of the company since 2015. The Supervisory Board members are elected for a period of five years each. The current term of Marija Korsch as Chairman of the Supervisory Board began in 2013.
Shareholder structure
(as at 31 December 2015)
Subsidiaries
The Aareal Bank Group includes the following companies: