Annual Financial Statements

Annual Financial Statements 2022

Deutsche Pfandbriefbank AG

Combined Management Report

Combined Manage-ment Report

The Management Report of Deutsche Pfandbriefbank AG (pbb) and the Group Management Report are combined pursuant to section 315 (5) of the German Commercial Code (Han-delsgesetzbuch - HGB) in connection with section 298 (2) HGB and is published in the Annual Report 2022 of Deutsche Pfandbriefbank Group (pbb Group).

The Annual Financial Statements and the Management Report combined with the Group Man-agement Report for the financial year 2022 will be published by the operator of the German Company Register (Unternehmensregister).

pbb's Annual Financial Statements and pbb Group's Annual Report are also available online atwww.pfandbriefbank.com.

Deutsche Pfandbriefbank AG Annual Financial Statements 2022

Annual Financial Statements

Annual Financial Statements 1

Income Statement 1

Balance Sheet 2

Notes 5

Accounting Policies 5

Notes to the Income Statement 15

Notes to the Balance Sheet 17

Other Notes 27

Responsibility Statement 50

Independent Auditor's Report 51

Report on the Audit of the Annual Financial Statements and of the Combined

Management Report 51

Other Legal and Regulatory Requirements 57

Other Matter - Use of the Auditor's Report 59

German Public Auditor Responsible for Engagement 59

Future-oriented statements 60

Imprint 60

Income Statement

Income Statement of Deutsche Pfandbriefbank AG for the time from 1 January to 31 December 2022

in € million

  • 1. Interest income from

    • a) lending and money market business

    • b) fixed-income and government-inscribed debt

  • 2. Interest expenses

  • 3. Current income from

    • a) equity shares and other variable-income securities

    • b) participating interests

    • c) investments in affiliated companies

  • 4. Income from profit pooling, profit transfer or partial profit transfer agreements

  • 5. Commission income

  • 6. Commission expenses

  • 7. Other operating income

  • 8. General and administrative expenses

    • a) personnel expenses aa) wages and salaries ab) social security contributions and expenses for pensions and other employee benefits thereof: for pensions €51 million (31.12.2021: €7 million)

    • b) other administrative expenses

  • 9. Amortisation/depreciation and write-downs of intangible and tangible assets

  • 10. Other operating expenses

  • 11. Write-downs of claims and certain securities as well as additions to provisions in the lending business

12. Income from write-ups of claims and certain securities as well as reversals of provisions in the lending business

13. Write-downs and impairments to participating interests, investments in affiliated companies and securities treated as fixed assets

14. Income from write-ups to participating interests, investments in affiliated companies and securities treated as fixed assets

  • 15. Additions to the fund for general banking risks

  • 16. Expenses from assumption of losses

  • 17. Result from ordinary activities

  • 18. Extraordinary income

  • 19. Extraordinary expenses

  • 20. Extraordinary result

  • 21. Income taxes

  • 22. Other tax unless reported under item no. 10

  • 23. Net income/loss

  • 24. Profit/loss carried forward from the previous year

  • 25. Withdrawals from additional paid-in capital

  • 26. Refilling of profit participation capital/withdrawals from profit participation capital

  • 27. Allocation to retained earnings/ Withdrawals from retained earnings

  • 28. Unappropriated retained earnings

2022

2021

2,068 234

2,302 -1,794

508

1,914 243 -1,574 583

8 -3

- - -

40

5

--- - - - - 9 -3 6 22

-104 -68

-172 -112

-81

-284

-6 -49

-113 -22 -106 -241 -5 -58 -85

-13 -1

-5 -

-- - 128 - - -114 - 114

- - 14 128

-81

-14

-5

- -85 -2 - -2 - - 220 - - - -38 - -38 182 37 219 - - -60 159

Balance Sheet

Annual Balance Sheet of Deutsche Pfandbriefbank AG as at 31 December 2022

Assets

in € million

  • 1. Cash reserve

    • a) cash on hand

    • b) balances with central banks thereof: with the Deutsche Bundesbank €46 million (31.12.2021: €6,607 million)

  • 2. Loans and advances to other banks

    • a) mortgage loans

    • b) public-sector loans

    • c) other loans and advances thereof: repayable on demand €2,489 million (31.12.2021: €1,579 million) thereof: collateralised by securities €0 million (31.12.2021: €0 million)

3. Loans and advances to customers

  • a) mortgage loans

  • b) public-sector loans

  • c) other loans and advances thereof: collateralised by securities €0 million (31.12.2021: €0 million)

4. Bonds and other fixed-income securities a) money market instruments aa) of public-sector issuers thereof: eligible as collateral for Deutsche Bundesbank €0 million (31.12.2021: €0 million) ab) of other issuers thereof: eligible as collateral for Deutsche Bundesbank €0 million (31.12.2021: €0 million)b) Bonds and notes ba) of public-sector issuers thereof: eligible as collateral for Deutsche Bundesbank €3,742 million (31.12.2021: €3,492 million) bb) of other issuers thereof: eligible as collateral for Deutsche Bundesbank €1,357 million (31.12.2021: €1,818 million)

c) own debt securities notional amount €0 million (31.12.2021: €0 million)

  • 5. Equity shares and other variable-income securities

  • 6. Participating interests thereof: in banks €0 million (31.12.2021: €0 million)

    thereof: in financial services institutions €0 million (31.12.2021: €0 million) thereof: in Securities and Investment Institute €0 million (31.12.2021: €0 million)

  • 7. Investments in affiliated companies thereof: in banks €0 million (31.12.2021: €0 million)

    thereof: in financial services institutions €0 million (31.12.2021: €0 million) thereof: in Securities and Investment Institute €4 million (31.12.2021: €0 million)

  • 8. Assets held in trust thereof: loans on a trust basis €0 million (31.12.2021: €0 million)

Carryover

Annual Financial Statements

Balance Sheet

31.12.2022 31.12.2021

- 46

- 6,607

46

6,607

29,041 9,045 259

- 551 6,998

38,345

7,549

- 550 2,934 - 3,484 27,280 9,849 277 37,406

4,985 1,646

- -6,631

--6,631

2 -

- - - 4,873 2,093 6,966 - 6,966 2 -

5

13

-

-

52,578

54,478

2

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Deutsche Pfandbriefbank AG published this content on 24 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2023 07:17:03 UTC.