pbb expects strong Q1 2015 despite adjustments to provisions for the Heta-debt securities to 50% of the nominal value

  • Valuation adjustment on Heta positions in first quarter 2015 of €79 million, making a total of approximately €200 million
  • Despite extraordinary burden, pre-tax profit Q1 2015 is expected to be above
    €45 million thus significantly exceeding Q1 2014
  • New business increases significantly in first quarter 2015 to €2.8 billion