28 Jul 2021

Positive profit warning and pre-tax profit guidance raised

Deutsche Pfandbriefbank AG (PBB:ETR) | 0 0 0.0%

- Dieter Hein
- 2 pages

• Loan loss provisions decreased from the COVID-19-impacted €70m for H1 20 to €33m for H1 21 • Profit before taxes rose from €30m for H1 20 to €114m for H1 21 • The bank now anticipates pre-tax profit of between €180m and €220m for 2021, above its previous guidance of at least €155m • Additional DPS for FY2020 now possible in Q4 21

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Positive profit warning and pre-tax profit guidance raised

Deutsche Pfandbriefbank AG (PBB:ETR) | 0 0 0.0%

Published: 28 Jul 2021
Author: Dieter Hein
Pages: 2

• Loan loss provisions decreased from the COVID-19-impacted €70m for H1 20 to €33m for H1 21 • Profit before taxes rose from €30m for H1 20 to €114m for H1 21 • The bank now anticipates pre-tax profit of between €180m and €220m for 2021, above its previous guidance of at least €155m • Additional DPS for FY2020 now possible in Q4 21