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    Home > Finance > Germany's PBB warns of slow recovery in property as profit stagnates
    Finance

    Germany's PBB warns of slow recovery in property as profit stagnates

    Published by Global Banking & Finance Review®

    Posted on February 27, 2025

    1 min read

    Last updated: January 25, 2026

    Germany's PBB warns of slow recovery in property as profit stagnates - Finance news and analysis from Global Banking & Finance Review
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    Tags:Real estatefinancial crisiscorporate profits

    Quick Summary

    Germany's PBB reports a slight profit drop in 2024, citing slow recovery in the property market and reduced loan loss provisions.

    PBB Predicts Gradual Recovery in Property Market Amid Profit Decline

    FRANKFURT (Reuters) - Deutsche Pfandbriefbank (PBB), one of Germany's top property financiers, on Thursday posted a slight drop in net profit in 2024 and warned that a recovery in real estate markets was slow.

    The bank's annual net profit was 90 million euros ($94.19 million), compared with 91 million euros a year earlier, while provisions for loan losses fell to 170 million euros from 212 million euros a year earlier amid a "persistently difficult market".

    "The recovery on the property markets is only making slow progress," CEO Kay Wolf said.

    ($1 = 0.9557 euros)

    ($1 = 0.9555 euros)

    (Reporting by Tom Sims and Alexander Huebner, Editing by Friederike Heine)

    Key Takeaways

    • •PBB reports a slight drop in net profit for 2024.
    • •Recovery in Germany's property market remains slow.
    • •Loan loss provisions decreased from the previous year.
    • •CEO Kay Wolf comments on market difficulties.
    • •PBB is a leading property financier in Germany.

    Frequently Asked Questions about Germany's PBB warns of slow recovery in property as profit stagnates

    1What was PBB's net profit for the year?

    Deutsche Pfandbriefbank reported a net profit of 90 million euros in 2024, slightly down from 91 million euros the previous year.

    2What did CEO Kay Wolf say about the property market?

    CEO Kay Wolf stated that the recovery in the property markets is only making slow progress.

    3How did loan loss provisions change for PBB?

    Provisions for loan losses at PBB fell to 170 million euros from 212 million euros in the previous year.

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