Free Trial

DePfa 1Q24 Headlines: Reasonable

FINANCIALS

DePfa (PBBGR: BBB-) 1Q24 results headlines look reasonable but only 1-2 have submitted consensus figures. Selling some UK, US lending... more to come on asset quality and refi plans.

  • Net revenues EUR146m (4% above consensus)
  • Loan loss charges EUR47m (cons: 62m)
  • DEUTSCHE PBB 1Q PRETAX PROFIT EU34M, +6.3% Y/Y (cons: 19m)
  • DEUTSCHE PBB 1Q NET INTEREST INCOME EU125M, +18% Y/Y (cons: 130m)
  • PBB TO SHED UK, US FINANCINGS WITH AGGREGATE VOLUME OF €9OOM

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.