Deutsche Pfandbriefbank
Deutsche Pfandbriefbank AG is a German bank that specialises in real estate and public sector financing. As of 2016, it is a constituent of the MDAX trading index of German mid-cap companies. It is based in Garching in Bayern, a suburb of Munich. Pfandbriefe is a German term for bonds issued in property financing.
Deutsche Pfandbriefbank AG provides commercial banking services. The company offers hedged bond and loan financing, credit as well as liquidity facilities and funding. It operates through the following business segments: Commercial Real Estate Finance and Public Investment Finance, and Non-Strategic Value Portfolio. The Commercial Real Estate Finance segment comprises financing for professional real estate investors with a medium to long-term orientation. These include professional national and international real estate companies, institutional investors and property funds. The Public Investment Finance segment comprises financing eligible for covered bonds for the provision of public infrastructure. It focuses on public institutions, municipal and social housing construction, buildings for the utilities and waste disposal market, transport infrastructure as well as healthcare and nursing institutions. The Value Portfolio segment includes budget financing, non-strategic public investment financings and selected structured products. The company was founded in June 2009 and is headquartered in Unterschleißheim, Germany.