Results Q1 2023 - Analyst Presentation
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Results Q1/23 (IFRS, pbb Group, unaudited) 15 May 2023 | 2 |
1. Highlights Q1/23
AGENDA
2.
3.
Operative Highlights
Financial Highlights
4. ESG
5. Strategic Initiatives
6. Summary
7. Appendix
Results Q1/23 (IFRS, pbb Group, unaudited) 15 May 2023 | 3 |
HIGHLIGHTS Q1/23 | pbb remains on track in difficult market |
environment |
Progress on strategic initiatives
Pre-tax profit of € 32 million in-line with full-year guidance 2023
Increased average gross portfolio margin
Release of management overlay keeps risk provisions low
Retail deposit volume strongly increased
Results Q1/23 (IFRS, pbb Group, unaudited) 15 May 2023 | 4 |
THE ROAD AHEAD
2023
Operative resilience
- NII reduced due to floors/TLTRO - catch-up from H2/23 expected
- Forward-lookingrisk approach keeps risk provisioning on low level, while loan loss reserves remain stable
- On track to deliver on guidance
Year of Investments
2023 Year of Investments to lay the foundation for the implementation of our plan and steer through difficult markets
We aim to deliver our plan in three phases by 2026 - 2023 is Year of Investments
2026 & beyond | ||
2024 & 2025 | ||
Release our full potential | ||
Accelerate our | ||
Further scale up our growth | ||
performance | initiatives beyond 2026 | |
Harvest first benefits to lift our | ||
performance beyond past levels |
Results Q1/23 (IFRS, pbb Group, unaudited) 15 May 2023 | 5 |
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Deutsche Pfandbriefbank AG published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 07:27:04 UTC.