Aareal Bank jumped to second place in PropertyEU’s ranking of leading German financiers for 2010 and H1 2011, based on new loan production. The Wiesbaden-based bank saw new lending business surge 76% in 2010 and lifted volume by another 10% in the first six months of 2011.
Aareal Bank jumped to second place in PropertyEU’s ranking of leading German financiers for 2010 and H1 2011, based on new loan production. The Wiesbaden-based bank saw new lending business surge 76% in 2010 and lifted volume by another 10% in the first six months of 2011.
The biggest faller was Westimmo. After recording a decline of 46% in 2010 year-on-year, it saw new business drop by an even steeper 78% in the first six months of this year amid takeover talks with Apollo Real Estate.
Eurohypo topped the ranking again as the biggest lender and is on course to retain that position in the current year. Another big climber in 2010 was Berlin Hyp which reported new business up 36% year-on-year. Deutsche Pfandbriefbank slipped last year but is on track to meet its ambitious target to double new lending to €8 bn in 2011.
The full article appears in the October edition of PropertyEU Magazine. Click on the link below to subscribe.
