Pbb Deutsche Pfandbriefbank reported a pre-tax profit of €29 mln in the first quarter of 2013, up from €24 mln in the previous quarter and €21 mln in the year-earlier period.
Pbb Deutsche Pfandbriefbank reported a pre-tax profit of €29 mln in the first quarter of 2013, up from €24 mln in the previous quarter and €21 mln in the year-earlier period.
The German real estate lender boosted new business to €1.6 bn in the first quarter of 2013 from €800 mln for the first three months of 2012.
Pbb said it also raised €3.1 bn on the capital markets in the first quarter of 2013.
Manuela Better, CEO of Pbb, commented: "We had a successful start to the new financial year, which underscores our expectations for the year as a whole.'
Click on the link below for a pdf of the financial report.
