Deutsche Pfandbriefbank AG / Key word(s): Final Results 06.03.2015 20:13 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche Pfandbriefbank AG provisions for Heta debt securities covered by a letter of indemnity issued by the Austrian federal state of Carinthia in the 2014 financial statements, taking a charge against income of EUR 120 million Munich, 6 March 2015 - Pursuant to a Management Board resolution taken on 6 March 2015, Deutsche Pfandbriefbank AG (pbb) has provisioned its receivables portfolio against Heta Asset Resolution AG (Heta), which has a nominal amount of EUR 395 million. The Bank's decision was taken in response to recent moves by the Austrian financial markets supervisory authority (FMA), and the Austrian federal government. On 1 March 2015, FMA issued a notice by which FMA deferred the maturity of debt securities (including coupon payments) issued by Heta until 31 May 2016. Heta is a wind-down entity owned by the Republic of Austria. pbb's receivables against Heta are covered by a letter of indemnity issued by the Austrian federal state of Carinthia. The provision has burdened income by EUR 120 million. Preliminary pre-tax profit for 2014 - a financial year characterised by strong new business and a marked improvement in operating profitability - would have amounted to EUR 174 million. Due to the extraordinary burden, pre-tax profit (in accordance with IFRS) for 2014 is expected to decline to approximately EUR 54 million. Contact: Reiner Barthuber +49 (0) 89 2880 28 201 06.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Pfandbriefbank AG Freisinger Strasse 5 85716 Unterschleissheim Germany Phone: +49 (0) 89 2880 28 201 Fax: +49 (0) 89 2880 22 28 201 E-mail: info@pfandbriefbank.com Internet: http://www.pfandbriefbank.com ISIN: DE0008053331, Eine vollständige Ãbersicht der Eigenemissionen der Deutsche, Pfandbriefbank AG (ISIN, Börse, Segment) finden Sie unter, http://www.pfandbriefbank.com/investor-relations/pflichtvero effentlichungen/ad-hoc-mitteilungen.html WKN: 805333, Eine vollständige Ãbersicht der Eigenemissionen der Deutsche, Pfandbriefbank AG (ISIN, Börse, Segment) finden Sie unter, http://www.pfandbriefbank.com/investor-relations/pflichtveroeffentlichungen/ad-h oc-mitteilungen.html Listed: Regulated Market in Frankfurt (Corporate Bonds), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Mailand, Paris, Luxemburg, SIX End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Deutsche Pfandbriefbank AG: Deutsche Pfandbriefbank AG provisions for Heta debt securities covered by a letter of indemnity issued by the Austrian federal state of Carinthia in the 2014 financial statements, taking a charge against income of EUR 120 million
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