Aareal Bank AG (0MG0.IL)

33.84 +0.79 (+2.39%) At close: 03:25PM BST

Aareal Bank AG

Paulinenstrasse 15
Wiesbaden 65189
Germany
49 611 348 3009
https://www.aareal-bank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 2,593

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jochen Klosges	Chairman of the Management Board & CEO	1.73M	N/A	1964
Mr. Marc Oliver Hess	CFO & Member of the Management Board	1.76M	N/A	1973
Mr. Christof Winkelmann	Chief Market Officer & Member of the Management Board	1.81M	N/A	1975
Ms. Nina Babic	Chief Risk Officer & Member of the Management Board	508k	N/A	N/A
Mr. Holger Spielberg	Group Managing Director of Group Technology	N/A	N/A	1968
Mr. Jurgen Junginger	Head of Investor Relations	N/A	N/A	N/A
Dr. Christian Fahrner	Managing Director of Banking & Digital Solutions (BDS)	N/A	N/A	1968
Mr. Thomas Ortmanns	Advisor	N/A	N/A	1960
Mr. Rene Steurer	Group Managing Director of Corp. Strategy	N/A	N/A	1974
Mr. Severin Schöttmer	Managing Director of Special Property Fin.	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Aareal Bank AG, together with its subsidiaries, provides financing, software products, digital solutions, and payment transaction applications for the property sector and related industries in Germany, North America, Asia Pacific, and rest of Europe. It operates through three segments: Structured Property Financing, Banking & Digital solutions, and Aareon. The Structured Property Financing segment offers property financing and refinancing solutions for office buildings, hotels, and shopping centers, as well as retail, logistics, residential properties, and student housing. This segment also provides deposits, registered and bearer Pfandbriefe, promissory note loans, medium-term notes, debt securities, private placements, other bonds and subordinated issues, mortgage Pfandbriefe, and public sector Pfandbriefe. The Banking & Digital solutions segment offers various services and products for the residential and commercial property, and energy and waste disposal industries. Its services include specialized banking, payment systems, and optimized business processes. The Aareon segment provides IT systems consultancy and related advisory services, enterprise resource planning systems, software solutions, hosting and software as a service, and in-house services. The company was founded in 1923 and is headquartered in Wiesbaden, Germany.

Corporate governance

Aareal Bank AG’s ISS governance QualityScore as of 1 October 2023 is 2. The pillar scores are Audit: 3; Board: 3; Shareholder rights: 6; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.