The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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pbb Deutsche <strong>Pfandbrief</strong>bank is a leading European specialist lender for Real Estate and Public Investment<br />
Finance. pbb Deutsche <strong>Pfandbrief</strong>bank is active in Germany and other European countries.<br />
In real estate finance, the bank offers funding solutions for professional national and international real<br />
estate clients. This includes real estate companies, institutional investors and real estate funds. In Germany,<br />
the bank also targets medium-sized and regionally orientated clients.<br />
As an established financing partner, the bank has many years of experience in Public Investment Finance.<br />
Its focus is on local authorities below the topmost governmental level that only have limited direct access<br />
to the capital market.<br />
Ratings: Mortgage Public Sector Long-term Short-term Financial<br />
(As of June 28, <strong>2011</strong>) <strong>Pfandbrief</strong> <strong>Pfandbrief</strong> liabilities Outlook liabilities strength<br />
Fitch AA+ AAA A- Stable F1 D<br />
Moody‘s Aa1 Aaa A3 Stable P-1 E+*<br />
Standard & Poor‘s AA+** AA+** BBB Stable A-2 –<br />
*Outlook positive **Outlook stable<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
168,671<br />
272,944<br />
Mortgage loan portfolio<br />
34,501<br />
44,831<br />
Mortgage loan commitments<br />
3,003<br />
3,269<br />
Public-sector loan portfolio<br />
24,873<br />
31,802<br />
104<br />
Public-sector loan commitments<br />
Total funds outstanding (registered and bearer bonds)<br />
982<br />
664<br />
Mortgage <strong>Pfandbrief</strong>e<br />
17,393<br />
22,378<br />
Public <strong>Pfandbrief</strong>e<br />
40,439<br />
54,575<br />
Unsecured bonds<br />
6,059<br />
105,214<br />
Promissory notes<br />
15,783<br />
15,397<br />
Jumbo issues outstanding<br />
19,750<br />
26,386<br />
Refinancing funds raised<br />
153,308<br />
319,461<br />
Mortgage <strong>Pfandbrief</strong>e<br />
3,313<br />
3,605<br />
Public <strong>Pfandbrief</strong>e<br />
4,592<br />
2,087<br />
Unsecured bonds<br />
140,342<br />
311,256<br />
Promissory notes<br />
5,061<br />
2,513<br />
Own funds as shown in the balance sheet – total –<br />
8,796<br />
9,341<br />
Core capital (without net income / loss)<br />
5,982<br />
6,283<br />
Profit-sharing capital<br />
17<br />
32<br />
Subordinated liabilities<br />
2,797<br />
3,026<br />
Net interest income<br />
582<br />
681<br />
Administrative expenditure<br />
279<br />
275<br />
Operating result before provisions for risks<br />
336<br />
370<br />
Provisions for risks<br />
395<br />
1,975<br />
Operating result after provisions for risks<br />
-86<br />
-1,605<br />
Net income/loss for the year<br />
-118<br />
-1,660<br />
Presence in electronic media: Reuters: HRE01-10, Bloomberg: HYPI<br />
Contacts:<br />
Liquidity Management<br />
Thomas Facchinetti Tel.: +49 6196 9990-2923 thomas.facchinetti@pfandbriefbank.com<br />
Funding:<br />
Götz Michl Tel.: +49 6196 9990-2931 goetz.michl@pfandbriefbank.com<br />
Asset & Liability Management:<br />
Björn-Jakob Treutler Tel.: +49 6196 9990-2930 bjoern-jakob.treutler@pfandbriefbank.com<br />
Investor & Rating Agency Relations<br />
Frank Ertz Tel.: +49 89 2880-28776 frank.ertz@pfandbriefbank.com<br />
Michael Heuber Tel.: +49 89 2880-28778 michael.heuber@pfandbriefbank.com<br />
Group Corporate Communications<br />
Walter Allwicher Tel.: +49 89 2880-28787 walter.allwicher@pfandbriefbank.com<br />
Oliver Gruss Tel.: +49 89 2880-28781 oliver.gruss@pfandbriefbank.com
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