Germany · Credit institution
Aareal Bank AG
Aareal Bank AG is a German public limited company (Aktiengesellschaft) with its registered office and head office in Wiesbaden. It is wholly owned by Atlantic BidCo GmbH. Atlantic BidCo is indirectly held by funds advised by Advent International and Centerbridge Partners, by a subsidiary of Canada Pension Plan Investment Board and by other minority shareholders. The bank provides commercial property finance in Europe, North America and Asia-Pacific. It also provides payment, account and deposit services to the German housing and energy industries. Atlantic BidCo took control in 2023, and the shares stopped trading in November 2023. The bank agreed to sell its software subsidiary Aareon to TPG in June 2024.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers. It is on the ECB list of supervised entities (see Regulatory status): that is banking supervision, not a licence on a tracked register.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
ECB banking supervision
List of supervised entities as of 2026-07-01
- Classification
- Significant institution
- Supervisor
- European Central Bank (direct supervision)
- Listed as
- Aareal Bank AG
- Entity type
- Credit institution
- Supervised group (ECB)
- Atlantic Lux HoldCo S.à r.l.
- Why significant
- Size (Total assets EUR 30-50 bn)
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Credit institution
- Minimum reserves
- Subject to minimum reserves
- Listed as
- Aareal Bank AG
- RIAD code
- DE03472
ESMA · MiFID II register
Register as at 2026-09-28
| Entry | Competent authority | Authorised | Services or instruments |
|---|---|---|---|
| Investment services (MiFID II) | Federal Financial Supervisory Authority (BaFin) | 1961-07-10 | A1 A2 A3 A4 A5 A6 A7 |
Service codes follow MiFID II Annex I: A for investment services, B for ancillary services. Hover a code for its meaning.
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- AARBDE5WXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under AARBDE5W directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SCT Inst · SDD Core · SDD B2B · VOP · T2 · TIPS
- Branch codes
- 12 branch codes
- BIC first registered
- 2001-12-01
- Last updated
- 2024-05-25
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% Atlantic BidCo GmbH
Institution type
Commercial bank
- Ownership
- Atlantic BidCo GmbH holds 100% under Atlantic Lux HoldCo S.à r.l., whose voting rights are held about 39% each by Advent and Centerbridge funds and under 20% by CPP Investments.
- Direct parent
- Atlantic BidCo GmbH, Germany 100%
- Ultimate owner
- Atlantic Lux HoldCo S.à r.l., Luxembourg
- Head office
- Paulinenstraße 15, 65189 Wiesbaden, Germany
- Company register
- HRB 13184, Amtsgericht Wiesbaden
- Former names
- DePfa Bank AG BauBoden · Deutsche Bau- und Bodenbank AG
Business lines
The bank has two segments. Structured Property Financing lends to commercial property investors. Banking & Digital Solutions serves the German housing, property management and energy industries.
Online
- Websites & references
- aareal-bank.com ↗
100jahre.aareal-bank.com ↗ corporate history (centenary) site
vastgoed.aareal-bank.com ↗ Netherlands information site (Banking & Digital Solutions)
portal.aareal.com ↗ corporate client portal (Aareal Portal)
Wikipedia ↗
Wikidata Q301141 ↗ - Official social accounts
- LinkedIn ↗ · Instagram ↗ · YouTube ↗
Sources · 15 pages consulted
- aareal-bank.com/
- aareal-bank.com/impressum
- aareal-bank.com/ueber-uns/unternehmensprofil/vorstand
- aareal-bank.com/ueber-uns/unternehmensprofil/aufsichtsrat
- aareal-bank.com/en/investors-portal/at-a-glance
- aareal-bank.com/fileadmin/downloadlist/DAM_Content/IR/Finanzberichte/2026/260630_zb_en.pdf
- aareal-bank.com/en/media/media-centre/press-releases-transaction-announcements/press-release/aareal-bank-
- aareal-bank.com/en/media/media-centre/press-releases-transaction-announcements/press-release/successful-s
- aareal-bank.com/medienportal/newsroom/pressemitteilungen/pressemitteilungen/aufsichtsrat-beruft-dr-christ
- aareal-bank.com/en/media-portal/newsroom/press-information/press-information/annual-general-meeting-of-aa
- aareal-bank.com/en/media-portal/newsroom/press-information/press-information/atlantic-bidco-submits-deman
- aareal-bank.com/en/media/media-centre/press-releases-transaction-announcements/press-release/aareal-bank-
- finanzen.net/nachricht/aktien/neubesetzung-aareal-bank-holt-sich-neuen-finanzvorstand-13518410
- goingpublic.de/being-public/aareal-bank-squeeze-out-fuer-restaktionaere-beabsichtigt/
- en.wikipedia.org/wiki/Aareal_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Dr Christian Ricken
Vorsitzender des Vorstands (Chief Executive Officer)
- Chair
- Jean Pierre Mustier Vorsitzender des Aufsichtsrats (Chairman of the Supervisory Board)
- Chief financial officer
-
Andrew (Andy) Halford
Mitglied des Vorstands (Chief Financial Officer)
- Executive
-
Nina Babic
Mitglied des Vorstands (Chief Risk Officer)
- Executive
-
Christof Winkelmann
Mitglied des Vorstands (Chief Market Officer)
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- European Union
- European Central Bank Prudential supervisor
- Germany
- Federal Financial Supervisory Authority (BaFin) Prudential supervisorAML supervisorConductResolution
- Germany
- Deutsche Bundesbank Central bankPrudential supervisor
- European Union
- Single Resolution Board Resolution
Recent events
Researched 29 Sep 2026 · Sources
-
Other
Fitch Ratings upgraded the bank's Issuer Default Rating from BBB to A- with a positive outlook.
aareal-bank.com ↗ -
Leadership
Dr Christian Ricken became CEO on 1 August 2024, succeeding Jochen Klösges under a Supervisory Board appointment made in April 2024.
aareal-bank.com ↗ -
Merger / acquisition
The bank and Advent International agreed to sell software subsidiary Aareon to TPG and CDPQ at an enterprise value of about EUR 3.9 billion.
aareal-bank.com ↗ -
Other
The Annual General Meeting approved the squeeze-out of minority shareholders in favour of Atlantic BidCo GmbH at EUR 33.20 per share.
aareal-bank.com ↗ -
Leadership
The Supervisory Board and CFO Marc Heß agreed that he would leave when his contract expired at the end of 2024.
finanzen.net ↗ -
Other
Atlantic BidCo GmbH completed a delisting offer for the bank's shares. The shares last traded on 21 November 2023.
goingpublic.de ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- AARBDE5WXXX
- How the BIC breaks down
- AARBBank
- DECountry · Germany
- 5WLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- EZKODONU5TYHW4PP1R34
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
- National bank code
- Bankleitzahl 51010400 + 11 more
Profile
- Type
- Credit institutionListed as a credit institution, or a branch of one, on the ECB’s list of supervised entities, or named as a bank on the Financial Stability Board’s G-SIB list, directly or as a G-SIB’s main operating bank. These are the only bank lists the directory tracks so far.
- Regulation
- Prudentially supervised (ECB list)Prudentially supervised, according to the ECB list of supervised entities (as at 2026-07-01). This is banking supervision, not a licence on a tracked register.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Germany · Europe & Central Asia
- Banking supervision
- Significant · supervised by the ECB as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 1923
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
The Aareal Bank AG group has 6 institutions in the directory, in 6 countries: all hold a BIC.
Including Aareal Bank AG.
See the Aareal Bank AG group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- PAULINENSTRASSE 15 WIESBADEN 65189 GERMANY
- Operational address
- PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>AARBDE5WXXX</BICFI>
<LEI>EZKODONU5TYHW4PP1R34</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>AARBDE5WXXX</BICFI>
<LEI>EZKODONU5TYHW4PP1R34</LEI>
<Nm>AAREAL BANK AG</Nm>
<PstlAdr>
<TwnNm>WIESBADEN</TwnNm>
<Ctry>DE</Ctry>
<AdrLine>PAULINENSTRASSE 15 WIESBADEN 65189</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2008-01-28 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2023-09-19 | Head office | — |
| SEPA Direct Debit CoreISO 20022 messages | 2009-11-02 | Head office | — |
| SEPA Direct Debit Business-to-BusinessISO 20022 messages | 2013-04-08 | Head office | — |
| Verification of Payee | 2025-07-17 | Head office | — |
| T2 (Eurosystem real-time gross settlement)ISO 20022 messages | — | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. The T2 list names direct participants only and gives no joining date. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
Bankleitzahl · Germany
Showing 10 of 12 codes valid until 2026-12-06 · ISO 20022 clearing system code DEBLZ
| Code | Routes to BIC | Name in the national file | City |
|---|---|---|---|
| 51010400 | AARBDE5WXXX | Aareal Bank | Wiesbaden |
| 10010424 | AARBDE5W100 | Aareal Bank | Berlin |
| 20010424 | AARBDE5W200 | Aareal Bank ehem. Filiale Hamburg | Wiesbaden |
| 25010424 | AARBDE5W250 | Aareal Bank ehem. Filiale Hannover | Wiesbaden |
| 36010424 | AARBDE5W360 | Aareal Bank | Essen |
| 50010424 | AARBDE5W500 | Aareal Bank ehem. Filiale Frankfurt | Wiesbaden |
| 55010400 | AARBDE5WDOM | Aareal Bank GF - Banking & Digital Solutions - | Wiesbaden |
| 55010424 | AARBDE5W550 | Aareal Bank ehem. Filiale Mainz | Wiesbaden |
| 55010625 | AARBDE5WCLE | Aareal Bank Clearing Wiesbaden | Wiesbaden |
| 60010424 | AARBDE5W600 | Aareal Bank ehem. Filiale Stuttgart | Wiesbaden |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Network
Branch network
All 12 branch BICs connect to the head office. No city, function or registration year splits them into groups.
Hover over a branch or group to see its details
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| AARBDE5W100 | BERLIN BRANCH | Berlin | ANNA- LOUISA- KARSCH- STRASSE 2 BERLIN 10178 BERLIN GERMANY | — | 2018-12-01 |
| AARBDE5W200 | FORMERLY HAMBURG BRANCH | Wiesbaden | PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY | — | 2018-12-01 |
| AARBDE5W250 | FORMERLY HANNOVER BRANCH | Wiesbaden | PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY | — | 2018-12-01 |
| AARBDE5W360 | ESSEN BRANCH | Essen | HUYSSENALLEE 15 ESSEN 45128 ESSEN GERMANY | — | 2024-04-10 |
| AARBDE5W500 | FORMERLY FRANKFURT BRANCH | Wiesbaden | PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY | — | 2018-12-01 |
| AARBDE5W550 | FORMERLY MAINZ BRANCH | Wiesbaden | PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY | — | 2018-12-01 |
| AARBDE5W600 | FORMERLY STUTTGART BRANCH | Wiesbaden | PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY | — | 2018-12-01 |
| AARBDE5W700 | FORMERLY MUNICH BRANCH | Wiesbaden | PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY | — | 2018-12-01 |
| AARBDE5W860 | LEIPZIG BRANCH | Leipzig | MARKT 11 LEIPZIG 04109 LEIPZIG GERMANY | — | 2018-12-01 |
| AARBDE5WCLE | CLEARING | Wiesbaden | PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY | — | 2023-05-22 |
| AARBDE5WDOM | GF -BK01- | Wiesbaden | PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY | — | 2018-12-01 |
| AARBDE5WMTG | COVERPOOL MORTGAGE SECURITIES | Wiesbaden | PAULINENSTRASSE 15 WIESBADEN 65189 WIESBADEN GERMANY | — | 2022-05-23 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of T2 participants. Source: European Central Bank, List of TIPS participants and reachable parties.
- Banking supervision—Source: European Central Bank, list of supervised entities.
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- National bank codes—Germany (Quelle: Deutsche Bundesbank).
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Source: European Securities and Markets Authority (ESMA), MiFID II/MiFIR register (investment firms, trading venues, systematic internalisers, data reporting services providers). Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: Unknown author Unknown author · Public domain · Wikimedia Commons · original; Dr Christian Ricken: aareal-bank.com (official website) · original; Andrew (Andy) Halford: aareal-bank.com (official website) · original; Nina Babic: aareal-bank.com (official website) · original; Christof Winkelmann: aareal-bank.com (official website) · original.
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