Banken: Pfandbriefbank kommt bei Umbau voran – Ziele bestätigt
Die Deutsche Pfandbriefbank schreibt wieder schwarze Zahlen. Vorstandschef Kay Wolf will den Umbau fortsetzen und hält an seiner Prognose fest.
Munich - Deutsche Pfandbriefbank (pbb) is making progress with its restructuring following its departure from the US market. In the first half of the year, the bank reported a profit of 16 million euros before tax, after writing off 249 million euros in bad loans the previous year. For the period from January to June, provisions for potential losses amounted to 13 million euros, down from 323 million euros.
New business grew by 18 percent to 3.1 billion euros, with only a third coming from extending existing loans. "Our new business is growing steadily and profitably," said CEO Kay Wolf. Nearly a quarter of this comes from hotel, elderly care, and student accommodation sectors, which are part of pbb's efforts to replace lost US business.
Wolf described it as a "solid half-year result." The bank remains confident about its year-end projections, aiming for new business between 7.5 and 8.5 billion euros (projected 6.3 billion euros in 2025) and an immovable property financing volume between 27 and 28 billion euros (projected 27.3 billion euros). By the end of June, the figure had only reached 26.8 billion euros. Net profit is expected to meet projections of 30 to 40 million euros.
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