German property bank PBB posts drop in net profit

Deutsche Pfandbriefbank AG

13/11/2025 06:04

FRANKFURT, Nov 13 (Reuters) - Deutsche Pfandbriefbank PBBG.DE (PBB), one of Germany's top property financiers, on Thursday posted a 56% drop in third-quarter net profit, and said its outlook for the final three months of the year was "cautious" and it expected a full-year pre-tax loss.

The bank's quarterly post-tax profit was 15 million euros  ($17.49 million), compared with 34 million euros a year earlier, while provisions for loan losses were 33 million euros, compared with 37 million euros a year earlier.

($1 = 0.8575 euros)

 (Reporting by Tom Sims, Editing by Friederike Heine)

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