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Aareal Bank history
Aareal Bank company history timeline
Deutsche Bau- und Wohnstätten-Bank AG was entered into the commercial register on 20 October 1923, and was renamed Deutsche Bau- und Bodenbank AG (Bau- und Bodenbank for short) three years later.
At the end of 1949, the Bank fully resumed its business activities. It was not until the currency reform in 1948 that the Bank had the opportunity to overcome the consequences of this disintegration.
In order to process the extensive trust business on an even more cost-effective and efficient basis, Bau- und Bodenbank set up a data centre in Mainz which commenced operations in 1957.
The opening of the borders when the Berlin Wall came down in 1989 of course created new areas of operation and business opportunities for Bau- und Bodenbank.
In 1989, DePfa firstly was converted into a public limited company.
In March 1991, Deutsche Pfandbrief- und Hypothekenbank AG admitted it shares for trading for the first time on various German stock exchanges while the government sold its interest.
The Bank's IT Services Department was spun off in 1997 as an independent subsidiary called BauBoden Systemhaus GmbH. Two years later, this became a group with a holding structure, which began to expand abroad – today known as Aareon AG.
Impressive evidence of that are the acquisitions of Corealcredit Bank and of Westdeutsche ImmobilienBank that were financed with own funds as well as the record result achieved in the 2015 financial year.
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Aareal Bank may also be known as or be related to Aareal Bank, Aareal Bank AG., Aareal Financial, Aareal Financial Services Usa, Inc. and Aareal Financial Svc USA Inc.