Aareal Bank Group publishes 2011 annual report

Wiesbaden (ots) - Aareal Bank Group published its annual report
for the 2011 financial year today. In addition to information
concerning the Group's business model and its activities in the two
business segments, the report also includes the audited consolidated
financial statements in accordance with IFRSs, and Aareal Bank's
Group Management Report for 2011.

According to audited figures, consolidated operating profit
amounted to EUR 185 million, up 38 per cent year-on-year (2010: EUR
134 million). This is in line with the preliminary figure
communicated at the press conference to present the annual results on
21 February 2012. Aareal Bank Group thus posted a record result for
2011. The Group had posted its previous record consolidated operating
profit of EUR 159 million (adjusted for sales proceeds) for the
pre-crisis year of 2007.

"We consider these results as a resounding confirmation for the
viability of our business model, which is built on two strong
pillars: Structured Property Financing and Consulting/Services.
Moreover, we see our good performance as clear evidence that adhering
to our prudent and sustainable business policy, as we have done over
recent years, was the right direction to take", says CEO Dr Wolf
Schumacher in the Letter to Shareholders.

In its annual report, Aareal Bank also affirms its outlook for the
year 2012, communicated at the annual press conference on 21 February
2012: in the wake of the sovereign debt crisis that is still
unresolved, the bank believes that financial markets will remain
volatile during the current year and therefore expects the risks in
the financial system to persist. Moreover, Aareal Bank has observed
that the risks in relation to economic development have increased in
recent months. According to the bank's Letter to Shareholders, the
uncertain political framework and cumulative effects of the
forthcoming changes to the regulatory environment, which have not yet
been clarified present further challenges. All in all, Aareal Bank
sees good potential for achieving consolidated operating profit that
is only slightly below last year's very good result, despite the
considerable challenges.

The annual report for 2011 is available from Aareal Bank's
website: http://www.aareal-bank.com/financialreports

Aareal Bank

Aareal Bank AG is one of the leading international specialist
property banks. The Aareal Bank share is included in Deutsche Börse's
mid-cap MDAX® index. Aareal Bank operates on three continents:
leveraging its successful European business model, the bank has
established similar platforms in North America and in the
Asia-Pacific region. It provides property financing solutions in more
than 20 countries.

Contact:
Aareal Bank AG
Corporate Communications

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

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

Investor Relations

Jürgen Junginger
phone: +49 611 348 2636
juergen.junginger@aareal-bank.com