Information for owners and advisers
Who is Aareal Bank?
Perhaps you are already aware that we offer specialist products and services for property management companies and condominium administrators ‒ maybe because your property manager has told you about a partner that could be of interest ‒ and you would now like to learn more about what kind of institution Aareal Bank actually is?
Well, hopefully the questions and answers below are exactly the right ones to provide you with an initial insight and give you a sense of who we are.
Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist.
Aareal Bank AG is the parent company of the Group. It manages the various entities organised in the Group’s three business segments: Structured Property Financing, Bank Consulting/Services, and Aareon.
The Structured Property Financing segment encompasses all of Aareal Bank Group’s property financing and funding activities. In the segment Banking & Digital Solutions, Aareal Bank Group supports businesses from the housing, property management and energy industries by combining extensive advisory services and product solutions with traditional corporate banking services and deposit-taking. Subsidiary Aareon offers reliable, pioneering solutions in the fields of consulting, software and services to optimise IT-supported business processes, and to extend business models.
As market leader, we look after around 3,200 companies from the housing, property and energy sectors in Germany, approximately two-thirds of which are also, or principally, active in the third-party management segment. Since our foundation as Deutsche Wohnstätten-Bank AG in 1923, we have been firmly established in the housing industry, becoming a pioneer in electronic payments in the 1960s, and later in the provision of data centre services.
Thanks to our long-term partnerships and cooperations with IT manufacturers, our clients today not only have access to traditional banking services and various investment opportunities, but also to the automatic processing of mass payments and extensive process optimisation. Due to the high degree of automation, this exclusive integration in property management systems provides users of the BK01 payment transaction procedure with a substantial competitive edge.
We have a good regional network, and are available to our clients and their customers through our contact persons in the Berlin, Essen and Wiesbaden sales centres and through contact persons in the regions.
We are convinced that the housing industry is one of the most important sectors of Germany’s economy and society, so are pleased to support both the market participants in their current challenges and contribute our own ideas to finding solutions.
That’s why we are a member of the Federal Association of Real Estate Managers (BVI), a cooperation partner of the Association of German Real Estate Managers (DDIV), and also take part in a range of established property management events throughout Germany.
In the property management business, it is particularly important to use efficient solutions and processes to free up time to work on the properties and with clients. The payment transaction and electronic banking products of Aareal Bank provide exactly that: for housing companies, property managers and condominium administrators under German law. Aareal Bank has therefore specialised its products for firms whose business is managing third-party portfolios.
The integrated BK01 procedure and Aareal Account, our system-independent electronic banking package, offer many advantages for the housing industry in the form of complete workflows and convenient functionalities. When used by third-party managers, these are supplemented with specific added value.
Aareal Bank is founded on a sound business model, which proved particularly successful in the recent financial crisis. From the beginning of the crisis in 2008 until today, Aareal Bank has been profitable in every quarter, which is a rare phenomenon.
Furthermore, there are two established protection schemes that apply to deposits at Aareal Bank. The Compensation Scheme of German Banks (Entschädigungseinrichtung deutscher Banken ‒ EdB) ‒ membership of which is required by law for German banks ‒ guarantees protection for every depositor for sight, term and savings deposits up to an amount of € 100,000. Note: in the case of condominium owners’ associations, per client means that the protection ceiling applies to each owner.
Aareal Bank AG is also a member of the Deposit Protection Fund of the Association of German Banks (Einlagensicherungsfonds des Bundesverbandes deutscher Banken e.V. - BdB). This fund serves as subsequent protection for the legal Compensation scheme up to the individual protection ceiling offered by the relevant bank, which can be inquired for every participating bank at https://einlagensicherungsfonds.de. The protection ceiling corresponds to 15 % of the respective bank’s total capital per client, within the meaning of Sec. 72 of the regulation (EU) No 575/2013 (CRR), but is at least € 1 million.
Due to the increased capital requirements for banks, the protection ceilings have already been adjusted twice, and one further adjustments is planned. From 1 January 2025, it will fall to 8.75 %. Efforts are currently under way to improve and harmonise the protection for depositors in Europe.
If you are interested in finding out more detailed information of the scope of collateralisation acc. to the statute of the Deposit Protection Fund, amended as at 1 October 2017, we kindly ask you to refer in particular to No. 20 of our General Terms and Conditions and to Sec. 6 of the statute of the Deposit Protection Fund- You will also find them under the a.m. Internet address.
Aareal Bank is a public limited company, and 100 per cent of its shares are in free float.
- General Business Conditions (in German, Copyright Bank-Verlag GmbH, Köln)
- Terms and conditions for credit transfers (Copyright Bank-Verlag GmbH, Köln)
- Terms and Conditions for Direct Debit Collection (Copyright Bank-Verlag GmbH, Köln)
- Terms and Conditions for Payments by Direct Debit under the SEPA-Business-to-Business (B2B) Direct Debit Scheme (Copyright Bank-Verlag GmbH, Köln)
- Terms and Conditions for Payments by Direct Debit under the SEPA Core Direct Debit Scheme (Copyright Bank-Verlag GmbH, Köln)
- Preis- und Leistungsverzeichnis (in German)
- Preisaushang (in German)
- Conditions for cheque transactions (in German / Copyright Bank-Verlag GmbH, Köln)
- Bedingungen für Datenfernübertragung (in German / Copyright Bank-Verlag GmbH, Köln)
- Conditions for notary trust accounts and deposits (in German / Copyright Bank-Verlag GmbH, Köln)
- Sonderbedingungen für Wertpapiergeschäfte (in German, Copyright Bank-Verlag GmbH, Köln)
- European Commission consumer information on electronic payments under PSD2