Germany's PBB makes small profit and confirms targets

Deutsche Pfandbriefbank AG

12/05/2026 06:04

FRANKFURT, May 12 (Reuters) - Deutsche Pfandbriefbank PBBG.DE (PBB), one of Germany's top property financiers, on Tuesday posted a nearly 80% drop in first quarter net profit but confirmed its annual targets "in a more challenging environment".

The bank's quarterly net profit was 5 million euros ($5.88 million), compared with 24 million euros a year earlier. It had posted a loss for all of 2025.

($1 = 0.8504 euros)

 (Reporting by Tom Sims, editing by Kirsti Knolle)

 ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))