Aareal Bank France reports net profits of € 6 million

Aareal Bank France, Paris, a wholly-owned subsidiary of Aareal Bank, Wiesbaden, reported net profits after tax of about € 6 million as of 31.12.2003, a rise of over five percent in comparison with
the previous year.

In 2003 new lending business in France totalled € 320 million as in the previous year. The equity ratio after tax stood at 16 per cent.

As of 31.12.2003, the lending portfolio of the French bank totalled one billion euros. Coupled with the loans posted at Aareal Bank in Wiesbaden, the Group’s commitment in France totals approximately € 2 billion, including syndicated lendings.

The Group also offers consulting services on strategic questions related to the property business and during the valuation process for properties and property portfolios through Mansart Conseil, a wholly-owned subsidiary of Aareal Bank France. Mansart Conseil, which was formed at the beginning of 2003, has since gained an extensive reputation as a skilled consultant, even on the most complex matters. As an example, Mansart Conseil was commissioned by BNP Paribas Immobilier to advise it during its takeover of the international estate agency group Atis Real. Its remit was to analyse and value Atis Real’s market position in specific countries across Europe.

Aareal Bank is represented in a total of 13 European countries and in the USA and handles property financing projects in a total of 21 countries. The branches work in close collaboration with the country teams at Aareal Bank headquarters. Aareal Bank’s clients include large international property investors and also premier national addresses. The volume of property financing under management by the Aareal Bank Group in all the countries in which it operates amounts to a total of € 27 billion.

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