Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

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. Aareal Bank is represented on three continents and oversees property financing in more than 20 countries.

 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Glob.Revenue, mln.USD
1117
The Company Statement
August 10, 2023

Aareal Bank has now recognised loss allowance of around €60 million, or approximately 30 per cent of the remaining Russian exposure. Strong earnings growth offsets non-recurring burdens and higher loss allowance – Full exit from the Russian exposure. 17.11.2023: The legal entity was liquidated.

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Statements Archive
December 31, 2023List of closed foreign banks rep offices published by Russian Central Bank
March 10, 2023Aareal reports profit increase despite loss in Russia
February 02, 2023Ten representative offices of foreign banks shut operations in Russia in 2022 — regulator
May 11, 2022Aareal Bank reports good operating performance in the first quarter of 2022 – additional loss allowance recognised for Russian exposure
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