United States

Deutsche Pfandbriefbank confirms full-year guidance after H1 results

Friday, 12 Aug 2016 01:42am EDT 

Deutsche Pfandbriefbank : Says pre-tax profit for the first half of 2016 within expectations . Says pre-tax profit of 87 million euros ($96.90 million) for the first six months . Says new business of 4.7 billion euros for the first half of 2016 lower than in the same period of the previous year, reflecting a conservative risk approach in a chal-lenging market environment . Says based on new business volumes during h1 now antici-pates full-year volumes to be significantly lower than the previous year's level . Says net interest and commission income totalled 198 million euros, down year-on-year . Says guidance for full-year profit before taxes confirmed . Says is well-capitalised – fully phased-in cet1 ratio rises to 18.4% . Says re-entry into the us real estate market planned for the second half of the year Further company coverage: [PBBG.DE] ($1 = 0.8978 euros) ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).