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Annual Report 2023

Throughout our 100-year corporate history, we have reinvented ourselves time and again, exploiting trends and successfully mastering crises. That we have been able to do so is thanks to our good feel for the markets we cover and our special expertise that hardly any other bank can match. But above all, we owe this to our clients, who put their trust in us for the long term.

The 2023 financial year was another milestone for the Company: with Atlantic BidCo GmbH, Aareal Bank has a new majority shareholder. The new ownership structure will enable us to continue our growth path, to expand our range of services, and to further strengthen our innovative power.

“We are pursuing long-term goals and are continuously working on improving our business models. The investments of recent years will pay off.”

Jochen Klösges, Chairman of the Management Board

Letter to our shareholders

Milestones 2023

Alternative living on the rise

Evolving from a niche into an established asset class: Alternative living concepts such as student housing and co-living are becoming increasingly popular.

Changing tenant needs

The housing industry is changing. We stand by our customers as a long-term business partner.

Seamless connections

With Aareon Connect, Aareon offers a platform for businesses in the property and housing industries as well as for software providers.

Financial Indicators 2023

99 € mn

Operating profit Bank


99 € mn

Consolidated operating profit


0,9 € bn

Earnings


10,0 %

CET1 ratio


10,0 € bn

Portfolio
property finance


10,0 € bn

Volume of deposits from
the housing industry (Ø)


99 € mn

Revenue Aareon