Key Developments: Aareal Bank AG (ARLG.DE)

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Latest Key Developments (Source: Significant Developments)

Aareal Bank AG completes acquisition of Corealcredit Bank AG
Monday, 31 Mar 2014 01:01pm EDT 

Aareal Bank AG:Completes acquisition of Corealcredit Bank AG announced on Dec. 22, 2013.Purchase was executed on March 31 and to become effective on March 31.Corealcredit Bank AG is now legally independent subsidiary under umbrella of Aareal Bank Group.Preliminary purchase price agreed with previous owner in contract of December 2013 amounted to 342 million euros.In accordance with provisions of agreement, purchase price is subject to adjustments, amount of which to be calculated as of closing date of acquisition.With view to integration of Corealcredit Bank AG into Aareal Bank Group, it is planned to agree control and profit transfer agreement shortly.  Full Article

Aareal Bank AG confirms FY 2014 operating profit outlook
Thursday, 27 Mar 2014 03:30am EDT 

Aareal Bank AG:Affirms outlook for FY 2014.Sees good opportunities, including non-recurring effect from acquisition of Corealcredit Bank, to achieve consolidated operating profit of between 370 and 390 million euros in FY 2014.Expects consolidated operating profit of 220 to 240 million euros in FY 2014, adjusted for this non-recurring effect.  Full Article

Aareal Bank AG gives FY 2014 operating profit outlook in line with analysts' estimates
Thursday, 20 Feb 2014 01:00am EST 

Aareal Bank AG:Expects consolidated operating profit of 220 million to 240 million euro in FY 2014.FY 2014 operating profit of 227.75 million euro - Thomson Reuters I/B/E/S.  Full Article

Aareal Bank AG proposes dividend for fiscal year 2013
Wednesday, 19 Feb 2014 12:55pm EST 

Aareal Bank AG:Proposes dividend for FY 2013 of 0.75 euro per share.  Full Article

Aareal Bank AG to acquire Corealcredit Bank AG-Reuters
Sunday, 22 Dec 2013 07:24am EST 

Aareal Bank AG:Says it would buy peer Corealcredit Bank AG from U.S. investor Lone Star for 342 million Euros-Reuters.Aareal expects to complete the transaction during the first half of next year.  Full Article

Aareal Bank AG Issues EUR 10,000,000 Notes
Thursday, 14 Nov 2013 04:02am EST 

Aareal Bank AG announced that the Company will issue EUR 10,000,000 notes of 2013/2019, ISIN DE000A1TNCW9, on November 15, 2013.  Full Article

Aareal Bank AG Raises FY 2013 Operating Profit Guidance
Tuesday, 12 Nov 2013 12:59am EST 

Aareal Bank AG announced that based on the positive earnings performance in the first three quarters, it has raised its forecast for consolidated operating profit in the 2013 financial year. From today's perspective, the Bank expects that it will be able to generate consolidated operating profit for the current financial year on a level comparable to the results posted in 2011, thereby exceeding 2012's figures. Aareal Bank AG expects net interest income to exceed EUR 500 million in the 2013 financial year. It expects a stable trend for full-year net commission income in 2013, between EUR 165 million and EUR 175 million. The slight increase compared to the previous projection of EUR 360 million to EUR 370 million is due to (i) measurement effects related to share-based remuneration (under the Long-Term Incentive Programme - 'LTIP'), as defined by the German Ordinance on Remuneration in Financial Institutions due to the positive performance of the Bank share; (ii) expenses for regulatory projects; and (iii) the takeover of Sweden's Incit AB with effect from 1 July 2013. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 operating profit of EUR 193.80 million.  Full Article

Aareal Bank AG Issues EUR 20,000,000 and EUR 45,000,000 Notes
Monday, 23 Sep 2013 04:55am EDT 

Aareal Bank AG announced that the Company will issue EUR 20,000,000.00 notes of 2013/2016, ISIN DE000A1TNCN8, on September 26, 2013. Additionally, on September 24, 2013 the Company will issue EUR 45,000,000.00 notes of 2013/2016, ISIN DE000A1TNCP3.  Full Article

Aareal Bank AG's Chairman of Supervisory Board Resigns
Wednesday, 20 Mar 2013 01:59pm EDT 

Aareal Bank AG announced that Mr. Hans W. Reich, Chairman of the Supervisory Board of the Company, will retire from the Supervisory Board, prior to the end of his term of office, at the end of General Meeting on May 22, 2013. The Supervisory Board elected Ms. Marija Korsch as its Chairperson, succeeding Mr. Reich. This resolution is subject to Ms. Korsch, who has been a court-appointed member of the bank's Supervisory Board to date, being elected to this board by the General Meeting.  Full Article

Aareal Bank AG Sets Pricing On Five Year Covered Bond At Swaps +0.05 Area-DJ
Monday, 14 Jan 2013 03:16am EST 

Dow Jones reported that Aareal Bank AG has set pricing on its five-year mortgage-backed covered bond, one of the banks running the deal said on January 14, 2013. Initial price recommendations are in the area of five basis points over the reference midswaps rate. BNP Paribas, Commerzbank, DZ BANK, NORD/LB and UniCredit are the lead managers oF the deal, which will be priced later on January 14, 2013.  Full Article

CORRECTED-German mortgage bank Aareal shelves Coco-Bond plans

(Corrects to bank will repay state aid as soon as possible and not as soon as markets allow, paragraph 5)

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