Wiesbaden, 20 May 2015 - At today‘s Annual General Meeting, the shareholders of Aareal Bank AG approved the payment of a dividend of € 1.20 per share for the 2014 financial year, up from € 0.75 per share for the previous year. The distribution ratio - adjusted for the negative goodwill from the acquisition of Corealcredit - of approximately 50 per cent of consolidated profit in accordance with IFRSs, corresponds to the Company's communicated dividend policy. The corresponding resolution proposed by the Management Board and the Supervisory Board was adopted with a majority of 99.97 per cent of the share capital present at the Meeting. Shareholders also adopted the other proposed resolutions with a large majority.
Speaking to shareholders, CEO Dr Wolf Schumacher also affirmed the forecasts for Aareal Bank Group' business performance for the current financial year: "Despite prevailing uncertainty in the political and economic environment, we believe Aareal Bank is perfectly on course to achieve its communicated targets for the full year 2015. We are generally optimistic that we will be able to continue our successful course, in spite of all uncertainty factors and risks." All in all, Aareal Bank sees good opportunities, including negative goodwill from the acquisition of Westdeutsche ImmobilienBank ("WestImmo"), to achieve consolidated operating profit of between € 400 million and € 430 million for the current year.
Furthermore, the General Meeting elected the following shareholder representatives to the Supervisory Board, for a term of five years: Ms Sylvia Seignette, Ms Elisabeth Stheeman, Dr Hans Werner Rhein, Mr Dietrich Voigtländer and Prof Dr Hermann Wagner. Supervisory Board member Prof Dr Stephan Schüller was re-elected. Ms Marija G. Korsch, Chairman of the Supervisory Board, and Supervisory Board member Mr Richard Peters were elected by the Annual General Meeting in 2013 for a term of office until the close of the Annual General Meeting 2018.
