• Operating income was up by 3% to €123m for Q2 20 • Loan loss provisions were €36m for Q2 20 due to COVID-19 compared to an income of €1m for Q2 19 • But €24m was for performing loans (stages 1 and 2) • Net profit attributable to shares decreased by 70% to €16m for Q2 20 • No dividend for FY2019 paid in 2020 due to the ECB decision but later pay possible

12 Aug 2020
Solid Q2 operating income, but COVID-19 provisions burdened

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Solid Q2 operating income, but COVID-19 provisions burdened
Deutsche Pfandbriefbank AG (PBB:WBO) | 0 0 (-0.8%) | Mkt Cap: 1,864m
- Published:
12 Aug 2020 -
Author:
Dieter Hein -
Pages:
3 -
• Operating income was up by 3% to €123m for Q2 20 • Loan loss provisions were €36m for Q2 20 due to COVID-19 compared to an income of €1m for Q2 19 • But €24m was for performing loans (stages 1 and 2) • Net profit attributable to shares decreased by 70% to €16m for Q2 20 • No dividend for FY2019 paid in 2020 due to the ECB decision but later pay possible