Ad-Hoc Announcements

Deutsche Pfandbriefbank AG: pbb exceeds analysts' expectations with preliminary pre-tax profit of €154 million for 2020 (consolidat-ed figures in accordance with IFRS)

Deutsche Pfandbriefbank AG / Key word(s): Annual Results
Deutsche Pfandbriefbank AG: pbb exceeds analysts' expectations with preliminary pre-tax profit of €154 million for 2020 (consolidat-ed figures in accordance with IFRS)

26-Feb-2021 / 13:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Deutsche Pfandbriefbank AG (pbb) closed the financial year 2020 with a pre-tax profit of €154 million (unaudited consolidated figures in accordance with IFRS) as per its preliminary results, exceeding analysts' expectations in the consensus.

In mid-December 2020, the ECB issued a recommendation that banks under its supervision should limit their dividend payments made before September 30, 2021. Based on good 2020 results and subject to ECB's approval and requirements, the Management and Supervisory Boards of pbb will propose to shareholders to distribute a dividend of €0.26 € per dividend-bearing share, which is the maximum amount under ECB's present recommendation. Should the ECB allow for higher distributions after 30 September 2021, pbb will consider whether further dividend payments will be possible.

Contact:
Walter Allwicher
Managing Director, Communications
+49 (0) 89 2880 28 787

26-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:	English
Company:	Deutsche Pfandbriefbank AG
	Parkring 28
	85748 Garching
	Germany
Phone:	+49 (0) 89 2880 28 201
Fax:	+49 (0) 89 2880 22 28 201
E-mail:	info@pfandbriefbank.com
Internet:	http://www.pfandbriefbank.com
ISIN:	DE0008019001, Die internationalen Wertpapierkennnummern (ISIN) weiterer von der Deutsche Pfandbriefbank AG ausgegebener Finanzinstrumente sind abrufbar auf der Website der Deutsche Pfandbriefbank AG unter https://www.pfandbriefbank.com/investoren/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrumente.html. The International Securities Identification Numbers (ISINs) of further, financial instruments issued by Deutsche Pfandbriefbank AG are available on Deutsche Pfandbriefbank's Investor Relations website under https://www.pfandbriefbank.com/en/investors/mandatory-publications/ad-hoc-announcements/list-of-further-financial-instruments.html
WKN:	801900
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxembourg Stock Exchange, SIX
EQS News ID:	1171577


End of Announcement	DGAP News Service