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Deutsche Pfandbriefbank Sees FY26 Pre-Tax Profit At Low End Of Guidance

By Reuters News

Nov 12 (Reuters) - DEUTSCHE PFANDBRIEFBANK AG PBBG.DE:

  • 9M NEW BUSINESS VOLUME UP 14% TO EUR 4.5 BILLION

  • 9M PRE-TAX PROFIT EUR 28 MILLION, IN LINE WITH EXPECTATIONS

  • 9M LOAN LOSS PROVISIONS EUR -32 MILLION VERSUS EUR -356 MILLION YEAR AGO

  • SAYS ROTE IN NEW BUSINESS REACHED 8%

  • SAYS OUTLOOK FOR PROPERTY MARKETS REMAINS MUTED

  • SAYS FY26 NEW BUSINESS VOLUME, PRE-TAX PROFIT SEEN AT LOWER END OF GUIDANCE RANGE

  • SAYS STILL EXPECTS U.S. NPLS TO FALL TO AROUND EUR 400 MILLION BY YEAR-END

Further company coverage: PBBG.DE

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