- CEO
- Kay Wolf
- Full Time Employees
- 656
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- Parkring 28 Garching bei München Germany 85748
- IPO Date
- May 8, 2018
- Business
- Deutsche Pfandbriefbank AG (pbb) is a leading European specialist bank focused on commercial real estate financing and public investment finance. The bank provides senior financing solutions to professional real estate investors for properties including offices, residential, logistics, retail, hotels, and mixed-use developments; public investment finance for infrastructure projects such as municipal buildings, utilities, medical facilities, and public sector improvements eligible for Pfandbrief cover; cross-border portfolio financing; and real estate investment services to institutional investors including debt and equity solutions via its emerging pbb invest platform. It funds operations primarily through Pfandbriefe (German covered bonds), one of the largest issuers in Europe, alongside retail deposits, savings accounts, time deposits, and unsecured bonds; the bank also operates a digital platform under the CAPVERIANT brand. pbb serves institutional investors, real estate funds, and public sector entities across Germany, the UK, France, Spain, Scandinavia, Central and Eastern Europe, and maintains offices in Garching bei München (headquarters), Eschborn, Berlin, Düsseldorf, Hamburg, London, Madrid, Paris, Stockholm, Amsterdam, and New York. Founded in 2009 through the merger of Hypo Real Estate Bank AG and DEPFA Deutsche Pfandbriefbank AG (with roots tracing to 1869 via Bayerische Handelsbank), the bank lists its shares on the Frankfurt Stock Exchange's Prime Standard and SDAX index. Recent strategic shifts under Strategy 2027 include the complete withdrawal from the US market in 2025, involving the wind-down, securitization, or sale of a €4.1 billion loan portfolio to refocus resources on stable European operations; the acquisition of a majority stake in Deutsche Investment Group, expected to close in early 2026, adding €3 billion in assets under management to diversify revenue toward 10% from fees by 2027; establishment of a new Amsterdam office and expansion of the Madrid back-office hub; and ongoing de-risking of the real estate finance portfolio amid stabilizing asset quality, with nonperforming loans managed down from 5.1% at year-end 2024 and loan loss provisions projected to decline further in 2025.