Finance Archives

Finance

Helaba to co-finance ‘Le Coeur’ project for Hines

A consortium of Landesbank Hessen-Thüringen and the three leading savings banks in the German state of North Rhine-Westphalia – Stadtsparkasse Düsseldorf, Sparkasse KölnBonn and Kreissparkasse Köln – to finance...

Finance

S IMMO sees significant increase in earning figures and successful transactions

“The annual results confirm S IMMO’s operational strength and our strategic approach. In 2023, we continually disposed of properties in Germany and instead set a clear investment focus on...

Finance

pbb retains profit and expects a significantly higher result for 2024

Deutsche Pfandbriefbank AG (pbb), a leading European specialist bank for commercial real estate finance, expects its results for the current financial year to be significantly higher than in 2023....

Finance

BCR expects Romania’s economy to grow this year

Local bank BCR expects Romania’s economy to grow by 3.3 percent this year, driven by consumption, the bank’s chief economist, Ciprian Dascalu, said. He estimated the consensus expectations at...

Finance

EBRD lends €150 million for road upgrades in Moldova

The EBRD is lending €150 million to Moldova to finance the rehabilitation of key roads in Moldova and around its capital, Chisinau. The loan will allow the government to...

Finance

EBRD, EU and UniCredit support green SMEs in Bosnia and Herzegovina

The European Bank for Reconstruction and Development (EBRD) is providing a €7 million loan to UniCredit Bank d.d. Mostar in Bosnia and Herzegovina. Funds will be lent through the...

Finance

EBRD and EU finance Serbian businesses via OTP Banka Serbia

The European Bank for Reconstruction and Development (EBRD) is providing €60 million in financing to OTP Banka in Serbia. As part of the financial package, €10 million will be lent through...

Finance

pbb reports nine-month profit of €91 million

Deutsche Pfandbriefbank AG (pbb), generated a pre-tax profit of €91 million in the first nine months of the current business year (unaudited consolidated figures following IFRS), down from €159...

Finance

pbb responds to real estate crisis with a material increase in risk provisioning

Faced with the persistent weakness in the commercial real estate market, Deutsche Pfandbriefbank AG (“pbb”) has significantly increased its risk provisioning. The risk provision result for the first nine...

Finance

pbb provides €75 million loan for CEDET office building

pbb Deutsche Pfandbriefbank has provided a €75 million investment loan facility to a Polish company managed by Macquarie Asset Management on behalf of institutional investors. The loan will be...

Finance

S Immo reports increasing revenues and profitability

Total revenues were €161.4 million, up from €119.6 million in the prior year. Rental income was €93.9 million (HY 2022: €73.0 million). This increase reflects the positive impact of...

Finance

pbb affirms earnings guidance for 2023 and launches cost-cutting programme

Deutsche Pfandbriefbank AG (pbb) generated a pre-tax profit of €81 million in the first half of 2023 (consolidated figures in accordance with IFRS, reviewed by external auditors). pbb affirmed...

Category: Finance