Deutsche Pfandbriefbank AG (commonly known as pbb) is a specialist German bank focused on real estate and public sector finance. Headquartered in Unterschleißheim near Munich, the bank provides debt financing solutions to commercial property investors and public authorities. Operating under a Pfandbrief license, pbb offers secured lending products that are backed by mortgage or public sector loans, ensuring high credit quality and stability across its lending portfolio.
The bank’s core activities include senior lending for office, retail, logistics and residential real estate projects, as well as financing for municipal infrastructure and public sector borrowers. In addition to traditional mortgage Pfandbriefe, pbb issues registered covered bonds and unsecured debt to institutional investors. Its product suite extends to interest rate and currency hedging instruments, allowing clients to manage market risks associated with long‐term debt financing.
Founded in 2009 through the restructuring of Hypo Real Estate Group, Deutsche Pfandbriefbank has since established itself as one of Europe’s leading Pfandbrief issuers. The bank completed its transition to private ownership in 2015 and has maintained a strong capital base through conservative risk management and a focus on secured lending. Over the years, pbb has expanded its footprint beyond Germany, opening offices in major financial centers such as London, Paris and New York.
Under the leadership of CEO Stephan Ermisch, who took the helm in 2022, Deutsche Pfandbriefbank has continued to refine its strategic focus on sustainable real estate financing and public sector lending. The bank serves a diversified client base across Europe and North America, emphasizing long‐term partnerships with investors, corporations and municipalities. Through its specialized expertise and Pfandbrief-backed funding model, pbb remains committed to delivering tailored financing solutions in the global real estate and public investment markets.
AI Generated. May Contain Errors.
