Deutsche Pfandbriefbank AG

Overview

Deutsche Pfandbriefbank AG is a German bank specializing in real estate and public sector financing. The bank offers financing solutions for professional property investors, including national and international property companies, institutional investors, property funds, and medium-sized companies. Its services encompass office buildings, residential properties, retail and logistics properties, and business hotels. Additionally, the bank provides financing eligible for covered bonds for the provision and improvement of public infrastructure and non-earmarked financing to the public sector. The bank's strategy focuses on providing financing solutions for professional property investors, including national and international property companies, institutional investors, property funds, and medium-sized companies. Its services encompass office buildings, residential properties, retail and logistics properties, and business hotels. Additionally, the bank provides financing eligible for covered bonds for the provision and improvement of public infrastructure and non-earmarked financing to the public sector. In June 2025, Deutsche Pfandbriefbank AG announced its decision to withdraw from the U.S. market, aiming to sell, securitize, or run down its U.S. portfolio, which amounted to approximately EUR 4.1 billion with risk-weighted assets of EUR 2.6 billion as of March 31, 2025. This move was part of the bank's strategy to accelerate its transformation. The freed-up capital was intended to be used to accelerate the bank’s transformation. The bank also confirmed its commitment to maintaining a Common Equity Tier 1 (CET1) ratio of at least 14 percent at all times. In November 2025, Deutsche Pfandbriefbank AG's shares experienced a significant decline, falling as much as 17%, marking the steepest drop since July 2015. The stock later pared losses to 11%, leaving it down about 19% since the start of the year, with a market value of approximately €545 million. The bank did not immediately provide a comment on the reason for the decline. Deutsche Pfandbriefbank AG is headquartered in Garching bei München, Germany, and is a constituent of the SDAX trading index of German small-cap companies. The bank is directly supervised by the European Central Bank and is a member of the Single Resolution Mechanism (SRM), under the supervision of the Single Resolution Board (SRB) and the German Federal Financial Supervisory Authority (BaFin).

Investment Focus

• Professional property investors
• Institutional investors
• Property funds
• Medium-sized companies
• Public sector entities

Portfolio Companies