Categories: Business

Aareal Bank CEO paused – economic

The Chairman of the Board of Aareal Bank, Hermann Merkens has made his post for health reasons and temporarily. Merkens had informed the Supervisory Board head of Marija Korsch that he could not exercise for three to four months his duties as a member and Chairman of the Board, informed the Aareal Bank on Sunday. “All Stakeholders are confident that Mr Merkens will return in the first months of next year and we can continue the successful cooperation to continue,” said Korsch. “In the meantime, we will ensure at any time full capability of the company.” Chief financial officer Marc Hess is up to Merkens return in addition, for strategic issues and the representation of the company to the capital market and the Public, as the real estate financier told more. In addition, the management Board Thomas Ortmanns will temporarily assume the essential internal management and coordination tasks. “Both together will help to ensure that Aareal Bank group will continue to meet this challenge,” said Korsch. The Aareal Bank specializes in the financing of real estate for Hotels, offices and shopping centres, and receives the effects of the Corona-crisis. In the second quarter, the operating profit slumped 97 percent to two million euros.

© SZ from the 09.11.2020 / Reuters

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

How Leclerc & Co. Is Redefining Affordable Luxury in the Watch Industry

In a market flooded with mass-produced designs and influencer-driven hype, a new contender is emerging…

1 day ago

Arbra Unveils Tokenized Private Equity Basket with SpaceX, Ramp, and Varda on Colb

London, UK, 27th June 2025, Arbra Partners Group (“Arbra”), the global financial services company, has…

2 days ago

Calyptus Launches New AI Hiring Platform To Close the Global Productivity Gap

London, UK, 27th June 2025, ZEX PR WIRE, Calyptus, the hiring platform known for verifying…

2 days ago

Unleashing Ghostdriver by Tearline: Browser-Native AI Agent for the Seamless Web2 and Web3 Task Execution

British Virgin Islands, BVI, 26th June 2025, ZEX PR WIRE, In an era where every second…

3 days ago

Bety Casino Raises the Stakes: New VIP Program Delivers Exclusive Crypto Gaming Benefits for High-Value Players

Paranaque City, Philippines, 26th June 2025, ZEX PR WIRE, Bety, the innovative crypto casino and…

4 days ago

CrocCoin Introduces Groundbreaking Meme-to-DeFi Ecosystem on Solana, Featuring Progressive Decentralization

Innovative Project Merges Meme Culture with Institutional Security, Sustainable Tokenomics, and Community Governance Goiânia –…

6 days ago