Today: January 23, 2019, 8:09 am

Deutsche Pfandbriefbank AG: pbb Further Raises 2018 Full-Year Guidance on Pre-Tax Profit, to between Eur 205 Million and Eur215 Million - pbb Remains Cautious for 2019 Financial Year 2018-11-08 18:42:01

Deutsche Pfandbriefbank AG: pbb Further Raises 2018 Full-Year Guidance on Pre-Tax Profit, to between Eur 205 Million and Eur215 Million - pbb Remains Cautious for 2019 Financial Year

Deutsche Pfandbriefbank AG
Name: Walter Allwicher
Tel: 089 / 2880 28 787

Deutsche Pfandbriefbank AG / Key word(s): Change in Forecast

Deutsche Pfandbriefbank AG: pbb further raises 2018 full-year guidance on pre-tax profit, to between EUR 205 million and EUR215 million - pbb remains cautious for 2019 financial year

08-Nov-2018 / 17:59 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Deutsche Pfandbriefbank AG (pbb) achieved a pre-tax profit of EUR49 million for the third quarter of 2018 (Q3 2017: EUR51 million; consolidated, unaudited figures in accordance with IFRS) and thus significantly increased pre-tax profit for the first nine months, to EUR171 million (9M 2017: EUR154 million).

On this basis, pbb today decided to further raise its 2018 full-year guidance and now aims to achieve a pre-tax profit between EUR205 million and EUR215 million. For Q4 2018, pbb thereby expects net interest income to be stable but assumes further additions to loan loss provisions as well as an increase in administrative expenses. On 4 July 2018, pbb had already raised its guidance for pre-tax profit to EUR175 million - EUR195 million (from EUR150 million - EUR170 million previously).

However, for the financial year 2019, pbb remains cautious. The market environment and the competitive dynamics in commercial real estate finance will become even more demanding in 2019. In addition, pbb expects higher funding costs and additional cost due to investments and regulatory requirements.

Language: English

Company: Deutsche Pfandbriefbank AG

Freisinger Strasse 5

85716 Unterschleissheim


Phone: +49 (0) 89 2880 28 201

Fax: +49 (0) 89 2880 22 28 201



ISIN: DE0008019001, Die internationalen Wertpapierkennnummern (ISIN) weiterer von der Deutsche Pfandbriefbank AG ausgegebener Finanzinstrumente sind abrufbar auf der Website der Deutsche Pfandbriefbank AG unter lichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrume- nte.html. The International Securities Identification Numbers (ISINs) of further, financial instruments issued by Deutsche Pfandbriefbank AG are available on Deutsche Pfandbriefbank's Investor Relations website under

WKN: 801900

Indices: MDAX

Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxembourg Stock Exchange, SIX

End of Announcement

Press Information

Published by
Hossam Abdel-Kader
+43 1 9582319

# 560 Words
Related Articles
More From The Author
Medtronic Delivers Significant Progress on Global Corporate [..]
2018 Integrated Performance Report Shows Improvement on Environmental Stewardship and Diversity Aspirational Goals DUBLIN - [..]
Influbook announces their ICO
Connecting influencers, businesses, and consumers for a new social-commerce experience. Besançon, Nov 7, 2018: Influbook, the [..]
The Future of Travel Risk Forum by [..]
Personal risk during business travel will be examined in newly launched Future of Travel Risk Forum with panels of industry [..]
A.M. Best Affirms Credit Ratings of KB [..]
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of [..]
Banks net position in the Riksbank
More From Business
Sanli has secured S$51.5 million worth of [..]
SINGAPORE, Jan 22, 2019 - (ACN Newswire) - Sanli Environmental Limited ("Sanli" and together with its subsidiaries, the [..]
3,300+ Finance, Business Leaders Join Asian Financial [..]
HONG KONG, Jan 16, 2019 - (ACN Newswire) - More than 3,300 financial policymakers, financial elites and business leaders attended [..]
The Executive Talk: Chememan PCL (SET:CMAN)
BANGKOK, Jan 15, 2019 - (ACN Newswire) - Chememan PCL (SET:CMAN) Chief Executive Officer, Mr. Adisak Lowjun discusses the company's [..]
Sapphire's Subsidiary Awarded EPC Contract of RMB [..]
SINGAPORE, Jan 15, 2019 - (ACN Newswire) - SGX Mainboard-listed Sapphire Corporation Limited ("Sapphire", and together [..]
Hong Kong Investment Promotion chief visits London [..]
HONG KONG, Jan 14, 2019 - (ACN Newswire) - The Director-General of Investment Promotion of the Hong Kong Special Administrative [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.