Non-recurring tax effect burdens financial year 2021 As part of a review of a prior fund investment which was sold in 2012, new findings emerged which have a negative impact on Aareal Bank's results for the 2021 financial year amounting to an additional €11 million burden to be recorded in net other operating income for the second quarter of 2021  [ … ]

Supervisory Board of Aareal Bank AG appoints Jochen Klösges Chairman of the Management Board In its ordinary meeting today, the Supervisory Board of Aareal Bank AG unanimously appointed Jochen Klösges Chairman of the Management Board of Aareal Bank AG. He succeeds Hermann J. Merkens. The decision is subject to the approval of the supervisory aut [ … ]

Aareal Bank AG: CEO Hermann J. Merkens will not return to office - search for a successor has reached an advanced stage The Chairman of the Management Board of Aareal Bank AG, Hermann J. Merkens, today informed Marija Korsch, Chairman of the Supervisory Board, that contrary to initial expectations, he will not be able to resume work as member and  [ … ]

Petrus Advisers increases voting rights, demands replacement of Supervisory Board members Petrus Advisers Ltd has informed Aareal Bank AG that it has increased its shareholding in the Company; according to Petrus Advisers, it now holds an aggregate 9.80% of voting rights. At the same time, Petrus Advisers has submitted demands to the Bank's Supervi [ … ]

Aareal Bank expects consolidated operating loss in a double-digit million euro amount for the 2020 financial year - dividend payments in a total amount of € 1.50 per share targeted in the current year for financial year 2020 Based on current insights, Aareal Bank Group will post a consolidated operating loss in a double-digit million euro amount  [ … ]

Chairman of the Management Board of Aareal Bank AG temporarily unable to perform his duties for health reasons The chairman of the management board of Aareal Bank AG, Hermann J. Merkens, today informed the chairman of the supervisory board Marija Korsch that for health reasons he will not be able to perform his duties as member and chairman of the [ … ]

Aareal Bank sells 30 per cent stake in IT subsidiary Aareon to Advent International Aareal Bank AG has agreed a long-term partnership with financial investor Advent International ("Advent"), to further significantly strengthen the growth momentum of its IT subsidiary Aareon AG. Within the scope of this agreement, Aareal Bank will sell a 30 per cen [ … ]