DGAP-News: Aareal Bank AG / Key word(s): AGM/EGM
Aareal Bank AG: Annual General Meeting of Aareal Bank resolves to pay
a dividend of EUR0.75 per share for the 2013 financial year (news with
additional features)

21.05.2014 / 15:18

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Annual General Meeting of Aareal Bank resolves to pay a dividend of EUR0.75
per share for the 2013 financial year

Wiesbaden, 21 May 2014 - At today's Annual General Meeting, the
shareholders of Aareal Bank AG approved the payment of a dividend of
EUR0.75 per share for the 2013 financial year. 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.
The distribution is the first since the year 2008, when the Bank paid a
dividend of EUR0.50 per share for the 2007 financial year. During the
following two years, the Bank was prohibited from distributing any
dividends due to SoFFin's silent participation; thereafter, distributable
profits were retained in full in order to strengthen the Bank's capital
base. "Today, we enjoy a very solid capitalisation, as measured by all
applicable indicators and also in a sector-wide comparison. We have
sufficient risk cushions to deal with all realistic scenarios. This has
opened up a return to an active dividend policy, which we want to adhere to
in the future", commented CEO Dr Wolf Schumacher at the Annual General
Meeting.

Shareholders also adopted the other proposed resolutions, with a large
majority - including an anticipatory resolution, which will be valid until
20 May 2019, providing the Management Board with the opportunity to issue
financial instruments that will be eligible as regulatory capital -
so-called Additional Tier 1 (AT 1) capital - under the new regulatory
framework of the EU Capital Requirements Regulation (CRR). Liquidity
generated from issuing AT 1 capital might be used to redeem SoFFin's
remaining silent participation, as already publicly announced by the Bank.

Speaking to shareholders, Dr Schumacher also affirmed the forecasts for
Aareal Bank Group' business performance for the current financial year. All
in all, Aareal Bank sees good opportunities, including a non-recurring
effect from the acquisition of Corealcredit Bank (negative goodwill), to
achieve consolidated operating profit of between EUR 370 and 390 million
for the 2014 financial year. Schumacher was also confident for the current
year and beyond; he affirmed the medium-term target for return on equity
before taxes of approximately 12 per cent.




Contact:
Aareal Bank AG
Corporate Communications

Sven Korndörffer
Tel.: +49 611 348 2306
sven.korndoerffer@aareal-bank.com

Christian Feldbrügge
Tel.: +49 611 348 2280
christian.feldbruegge@aareal-bank.com

Heinrich Frömsdorf
Tel.: +49 611 348 2061
heinrich.froemsdorf@aareal-bank.com

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Aareal Bank AG, 
Registered Office: Wiesbaden 
Commercial Register: Amtsgericht Wiesbaden HRB 13184 
Chairman of the Supervisory Board: Marija G. Korsch
Management Board: Dr. Wolf Schumacher (Chairman), 
Dagmar Knopek, Hermann J. Merkens,
Thomas Ortmanns


End of Corporate News

+++++
Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=UKWYKOSTRG
Document title: Aareal Bank AG Press Release

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21.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                               
Company:     Aareal Bank AG                                        
             Paulinenstr.15                                        
             65189 Wiesbaden                                       
             Germany                                               
Phone:       +49 (0)611 348 - 0                                    
Fax:         +49 (0)611 348 - 2332                                 
E-mail:      aareal@aareal-bank.com                                
Internet:    www.aareal-bank.com                                   
ISIN:        DE0005408116                                          
WKN:         540811                                                
Indices:     MDAX                                                  
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart; Stockholm                                  
 
 
End of News    DGAP News-Service  
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