Aareal Bank AG is an international company listed on the

MDAX The MDAX is a stock index which lists German companies trading on the Frankfurt Stock Exchange. The index is calculated by Deutsche Börse. Until 2021 included the 60 Prime Standard shares from sectors that rank immediately below (in value of mar ...

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. Aareal Bank is represented on three continents ( Europe,

North America North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...

and the

Asia-Pacific Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Isla ...

region) and oversees property financing in more than 20 countries. Aareal Bank AG has been listed on the German stock exchange since 2002.

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. In the years of the Nazi rule, the bank grew rapidly thanks to the bridging loan business which mainly targeted the funding of settlement and housing construction. These sectors boomed following the massive increase of the armament industry that demanded accommodation for their workers, often designed as National Socialist ideal settlements. The prospect of business opportunities due to the boom of the armament industry also fostered the bank's department for industrial loans. Millions of Reichsmark were granted to companies like

Ruhrgas AG Ruhrgas AG (original name: Aktiengesellschaft für Kohleverwertung; later: E.ON Ruhrgas) was the largest natural gas transportation and trading company based in Essen, Germany. The company was founded in 1926 and it finally ceased to exist on 2 May ...

, Vereinigte Stahlwerke AG or

Daimler-Benz AG The Mercedes-Benz Group AG (previously named Daimler-Benz, DaimlerChrysler and Daimler) is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacture ...

. At the time of the Nazi seizure of power in 1933, already 63 of 267 employees belonged to the Nazi Party. While chairman of the supervisory board Otto Kämper was a member as well and publicly praised the success of the government in the field of housing, democrats such as Arnold Knoblauch or

Eberhard Wildermuth Hermann-Eberhard Wildermuth (23 October 1890 – 9 March 1952) was a German politician and a member of the FDP/DVP. From 1949 until his death he was the Federal Minister for Housing under Konrad Adenauer. During World War II Wildermuth was a ...

, who was in contact with conspirators of the

20 July plot On 20 July 1944, Claus von Stauffenberg and other conspirators attempted to assassinate Adolf Hitler, Führer of Nazi Germany, inside his Wolf's Lair field headquarters near Rastenburg, East Prussia, now Kętrzyn, in present-day Poland. The ...

, were still holding a seat on the supervisory board until World War II. 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 DEPFA Bank plc was until 2014 a Dublin-based German-Irish bank. It provided financial services to the public sector and also provided financing for larger infrastructure projects. The name derivates from ''Deutsche Pfandbriefbank''. History ...

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 The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

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.Aareal Bank AG: Company profile
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Shareholder structure

(as of 31 December 2015)

Subsidiaries

The Aareal Bank Group includes the following companies:

References

External links