Aareal Bank is a German credit institution specializing in structured property financing by facilitating property projects for domestic and international clients in Europe, North America and Asia. Aareal Bank offers financing for both commercial (in particular, office buildings, hotel, retail, logistics) and residential properties. Aareal Bank is also active at the capital markets by issuing of German covered bonds, promissory notes and debt securities. Aareal bank AG operates as a branch of Aareal Bank AG (Germany).
Aareal bank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Aareal bank AG is located in PARIS 08.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All branches of EEA-banks operating in France participate in deposit guarantee schemes of their home countries. This means that Aareal bank AG participates in the deposit guarantee scheme of Germany.
In the case of Aareal bank AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Covered Currencies||EU currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Aareal bank AG and its components are shown in the table below.
|Bank BIC Code||AARB|
|Country Code||FR (France)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Aareal bank AG is shown in the table below.
Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.
|Bank Sort Code||18989|
The following banks operating under Aareal Bank brand name has been recently closed down: