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    German property bank PBB winds down US business, withdraws guidance

    Picture of Deutsche Pfandbriefbank AG logoDeutsche Pfandbriefbank AG
    18/06/2025 07:12
    June 18 (Reuters) - Deutsche Pfandbriefbank PBBG.DE, one of Germany's top property financiers, said on Wednesday that it was withdrawing its full year guidance amid extraordinary expenses from discontinuing its business in the United States.

"The freed-up capital shall be used to accelerate bank's transformation," it added.

 (Reporting by Paolo Laudani in Gdansk, Editing by Friederike Heine)

 ((Paolo.Laudani@thomsonreuters.com;))

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