- 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