• Pbb withdrew its FY2020 forecasts • Pre-tax profit declined from €48m for Q1 19 to €2m for Q1 20 • pbb will recognise net risk provisions of €34m compared to €1m for Q1 19 • But €30m is for performing loans (stages 1 and 2)

05 May 2020
Profit warning by pbb due to COVID-19 impact

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Profit warning by pbb due to COVID-19 impact
Deutsche Pfandbriefbank AG (PBB:WBO) | 0 0 (-0.8%) | Mkt Cap: 1,864m
- Published:
05 May 2020 -
Author:
Dieter Hein -
Pages:
2 -
• Pbb withdrew its FY2020 forecasts • Pre-tax profit declined from €48m for Q1 19 to €2m for Q1 20 • pbb will recognise net risk provisions of €34m compared to €1m for Q1 19 • But €30m is for performing loans (stages 1 and 2)