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Aareal Bank
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 (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.
==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.〔(Aareal Bank AG: Corporate history )〕
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