Deutsche Pfandbriefbank jumps as risk provisions shrink

Deutsche Pfandbriefbank AG

13/11/2024 10:21

** Shares in Deutsche Pfandbriefbank  PBBG.DE  jump 7% after
the German lender reported quarterly results 
    ** Co's Q3 pre-tax profit falls to 87 million euros ($92.46
million) from 91 million euros a year ago
    ** Co says risk provisions down 34% quarter-on-quarter
    ** A local trader notes that "markets wanted to see
shrinking risk provisions in Q324"
    ** PBB is among the top movers on the German small-cap index
 .SDAXI , sees best day in 2 months 


($1 = 0.9409 euros)

 (Reporting by Elizaveta Gladun)
 ((elizaveta.gladun@thomsonreuters.com))