Pre-tax profit for the first half of 2016 within expectations

  • pbb posts pre-tax profit of €87 million for the first six months
  • Together, net interest and commission income totalled €198 million, down year-on-year
  • New business of €4.7 billion for the first half of 2016 lower than in the same period of the previous year, reflecting a conservative risk approach in a chal-lenging market environment
  • No loan loss provisioning required during the first half-year
  • General administrative expenses decreased again
  • Guidance for full-year profit before taxes confirmed, due to low loan loss provisions and reduced general administrative expenses
  • pbb is well-capitalised – fully phased-in CET1 ratio rises to 18.4%
  • Re-entry into the US real estate market planned for the second half of the year