Annual Report

The report presents pbb Group's 2013 as a successful year, with record new business of €8.2 billion and pre-tax profit of €165 million. It describes the completion of the group's transition to a specialist European Pfandbrief bank and the discontinuation of servicing for the FMS Wertmanagement portfolio. On sustainability, the company says its head office's electricity requirements have been met from renewable sources since 2011 and reports corporate-responsibility ratings from oekom and imug.