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pbb withdraws forecast for the 2020 financial year
widening credit spreads (Q1 2019: €-2 million; Q4 2019: €-5 million). pbb’s pre-tax profit for the first [...] (stages 1 and 2; Q1 2019: €-1 million; Q4 2019: €-22 million), plus €4 million for impaired financings – in [...] the first quarter of 2020 (Q1 2019: €-1 million; Q4 2019: €-39 million). Likewise, net income from fair
pbb with significantly improved profit in 2024
expected to be increased to a level between 3.5 to 4.5% RoTE. For 2024, pbb will propose the payment [...] pbb anticipates a volume of between € 6.5 billion and € 7.5 billion for 2025, and a portfolio volume [...] risk/return profile and thus on profitability, at € 5.1 billion, new business was selective (2023: € 7.2
pbb well on track during the first quarter – a solid start into the year
(December 2016: €31.5 billion). The nonstrategic Value Portfolio was reduced further, to €15.5 billion (December [...] for a new business volume of between €10.5 billion and €12.5 billion. The results of the first quarter [...] Value Portfolio. New business volume amounted to €2.4 billion, falling short of the result achieved during
pbb successfully issues Tier 1 capital
and the leverage ratio will slightly exceed 5% (12/2017: 4.5%). The AT1 bond will not have an impact on [...] million. It is a perpetual bond with a coupon of 5.75% p.a. The issuance was clearly oversubscribed with
pbb shareholders receive 1 euro dividend per share
thus exceeded the previous year by approximately 5%. The Bank distributes 81% of the profit after taxes [...] price, this translates to a dividend yield of 11.4%. The Annual General Meeting approved all items on
pbb retains consolidated profit from year 2019
99.5 3. Formal approval of the Members of the Management Board for the financial year 2019 99.8 4. Formal [...] Supervisory Board for the financial year 2019 99.0 5. Appointment of external auditors for the financial [...] corresponding amendment to the Articles of Association 99.5 8. Authorisation of the Management Board to issue
pbb responds to real estate crisis with a material increase in risk provisioning
Commercial Real Estate Finance of €1.2 billion (up 4%) over the past nine months has been accompanied by [...] from retail investors are growing strongly (up €1.5 billion since the beginning of the year – up €3 billion
pbb reports nine-month profit of €91 million
Finance of €1.2 billion over the past nine months (+4%) was accompanied by rising margins (up 30 basis points [...] and term deposits continue to grow strongly (up €1.5 billion since the beginning of the year, up €3 billion [...] selective stance in originating new business. At €4.2 billion, the volume of new business for the first
pbb publishes preliminary figures for 2025 and outlook
Bank thus exceeded its most recent guidance of €5.5 billion to €6 billion. Operating income for the year [...] volume to continue to rise to between €7.5 billion and €8.5 billion. The REF portfolio volume is expected [...] previous year's new business volume by 23% (FY/2024: €5.1 billion; including renewals > 1 year in each case)
pbb provides €59 million medium term credit facility to Tristan’s EPISO 4 fund for the acquisition of a logistics portfolio in Poland
European Property Investors Special Opportunities 4 (EPISO 4), an Investment Fund managed by Tristan Capital [...] and Grodzisk offering 154k sqm of warehouse and 7.5k sqm of office space. The properties were constructed