Germany · Credit institution
Deutsche Pfandbriefbank AG
Deutsche Pfandbriefbank AG (pbb) is a German stock corporation with its registered seat in Munich and its head office in Garching near Munich. It was formerly part of the Hypo Real Estate group, and its shares have been listed on the Frankfurt Stock Exchange since 16 July 2015. It describes itself as a European specialist bank for commercial real estate finance, funded mainly through Pfandbriefe and retail deposits under the pbb direkt brand. The bank announced its withdrawal from the US market in June 2025 and completed a majority acquisition of Deutsche Investment Group in January 2026.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers. It is on the ECB list of supervised entities (see Regulatory status): that is banking supervision, not a licence on a tracked register.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
ECB banking supervision
List of supervised entities as of 2026-07-01
- Classification
- Significant institution
- Supervisor
- European Central Bank (direct supervision)
- Listed as
- Deutsche Pfandbriefbank AG
- Entity type
- Credit institution
- Supervisory group
- Heads its own group
- Why significant
- Size (Total assets EUR 30-50 bn)
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Credit institution
- Minimum reserves
- Subject to minimum reserves
- Listed as
- Deutsche Pfandbriefbank AG
- RIAD code
- DE03249
ESMA · MiFID II register
Register as at 2026-09-28
| Entry | Competent authority | Authorised | Services or instruments |
|---|---|---|---|
| Investment services (MiFID II) | Federal Financial Supervisory Authority (BaFin) | 1961-07-10 | A1 A2 A3 A4 A5 A6 A7 |
Service codes follow MiFID II Annex I: A for investment services, B for ancillary services. Hover a code for its meaning.
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- REBMDEMMXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under REBMDEMM directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SDD Core · T2
- Branch codes
- 4 branch codes
- BIC first registered
- 2001-09-01
- Last updated
- 2019-08-15
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Publicly listed
Ticker PBB
Institution type
Commercial bank
Trades as pbb
- Ownership
- The bank's shares are listed in the Prime Standard of the regulated market of the Frankfurt Stock Exchange and are included in the SDAX index.
- Stock listing
- Deutsche Börse Xetra / Frankfurt Stock Exchange PBB
- Head office
- Parkring 28, 85748 Garching, Germany (registered office: Statutory seat (Sitz): München, Germany (Amtsgericht München, HRB 41054))
- Company register
- HRB 41054, Amtsgericht München
- Former names
- Hypo Real Estate Bank AG · HVB Real Estate Bank AG · Bayerische Handelsbank Aktiengesellschaft
Business lines
The bank lends mainly against commercial real estate in Europe and funds itself through Pfandbriefe and online retail deposits (pbb direkt). Since January 2026 it has also reported a separate real estate investment management segment (Real Estate Investment Solutions).
Online
- Websites & references
- pfandbriefbank.com ↗
pbbdirekt.com ↗ retail deposit site (pbb direkt brand)
pbbinvest.com ↗ pbb invest site
Wikipedia ↗
Wikidata Q15857244 ↗ - Official social accounts
- None found
Sources · 17 pages consulted
- pfandbriefbank.com/impressum/
- pfandbriefbank.com/unternehmen/vorstand/
- pfandbriefbank.com/unternehmen/aufsichtsrat/
- pfandbriefbank.com/kunden/ssis/
- pfandbriefbank.com/fileadmin/user_upload/downloads/terms/SSIs.pdf
- pfandbriefbank.com/fileadmin/user_upload/downloads/presse/2026/260813_Q2_PM_DE_final.pdf
- pfandbriefbank.com/medien/pressemitteilungen/detail/pbb-mit-solidem-erstem-halbjahr-erneut-starkes-wachstum-
- pfandbriefbank.com/investoren/aktieninvestoren/aktie/
- pfandbriefbank.com/investoren/pflichtveroeffentlichungen/mitteilungen-nach-33-ff-wphg/
- pfandbriefbank.com
- pfandbriefbank.com/en/media/press/
- pfandbriefbank.com/en/investors/equity-investors/
- pfandbriefbank.com/en/complaints/
- boersen-zeitung.de/personen/pamela-hoerr-verlaesst-vorstand-der-pfandbriefbank
- boerse-global.de/deutsche-pfandbriefbank-aktie-dirscherl-und-kupfer-im-aufsichtsrat/789260
- live.deutsche-boerse.com/nachrichten/S-P-senkt-Rating-Ausblick-fuer-Deutsche-Pfandbriefbank---US-Rueckzug-im-Fokus
- en.wikipedia.org/wiki/Deutsche_Pfandbriefbank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Kay Wolf
Chairman of the Management Board (CEO)
- Chair
- Jan Kupfer Chairman of the Supervisory Board
- Chief financial officer
-
Marcus Schulte
Chief Financial Officer, Treasurer; Deputy Chairman of the Management Board
- Executive
-
Jörn Joseph
Member of the Management Board, Chief Risk Officer
- Executive
-
Barkha Mehmedagic
Member of the Management Board
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- European Union
- European Central Bank (Single Supervisory Mechanism) Prudential supervisor
- Germany
- Federal Financial Supervisory Authority (BaFin) Prudential supervisorAML supervisorConductSecurities
- Germany
- Deutsche Bundesbank Central bankPrudential supervisor
- European Union
- Single Resolution Board Resolution
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
The annual general meeting elected Jan Kupfer to the Supervisory Board. He succeeded Louis Hagen as chair after Hagen stepped down in March 2026.
boerse-global.de ↗ -
Leadership
The bank announced that board member Pamela Hoerr would not renew her contract, which runs to January 2027. It extended CFO Marcus Schulte's term to 2029.
boersen-zeitung.de ↗ -
Leadership
Barkha Mehmedagic joined the Management Board on 1 March 2026, succeeding Thomas Köntgen in commercial real estate finance.
pfandbriefbank.com ↗ -
Merger / acquisition
The bank completed its acquisition of a majority stake in Deutsche Investment Group, a real estate investment manager.
pfandbriefbank.com ↗ -
Other
S&P revised its outlook on the bank from stable to negative and affirmed the BBB-/A-3 ratings, citing costs of the US exit.
live.deutsche-boerse.com ↗ -
Other
The bank announced its withdrawal from the US commercial real estate market to focus fully on Europe.
pfandbriefbank.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- REBMDEMMXXX
- How the BIC breaks down
- REBMBank
- DECountry · Germany
- MMLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- DZZ47B9A52ZJ6LT6VV95
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
- National bank code
- Bankleitzahl 70010500 + 1 more
Profile
- Type
- Credit institutionListed as a credit institution, or a branch of one, on the ECB’s list of supervised entities, or named as a bank on the Financial Stability Board’s G-SIB list, directly or as a G-SIB’s main operating bank. These are the only bank lists the directory tracks so far.
- Regulation
- Prudentially supervised (ECB list)Prudentially supervised, according to the ECB list of supervised entities (as at 2026-07-01). This is banking supervision, not a licence on a tracked register.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Germany · Europe & Central Asia
- Banking supervision
- Significant · supervised by the ECB as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 1869
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
The Deutsche Pfandbriefbank AG group has 5 institutions in the directory, in 5 countries: all hold a BIC.
Including Deutsche Pfandbriefbank AG.
See the Deutsche Pfandbriefbank AG group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- PARKRING 28 GARCHING 85748 GERMANY
- Operational address
- PARKRING 28 GARCHING 85748 GARCHING GERMANY
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI and its DEBLZ clearing code
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>REBMDEMMXXX</BICFI>
<ClrSysMmbId>
<ClrSysId>
<Cd>DEBLZ</Cd>
</ClrSysId>
<MmbId>70010500</MmbId>
</ClrSysMmbId>
<LEI>DZZ47B9A52ZJ6LT6VV95</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>REBMDEMMXXX</BICFI>
<ClrSysMmbId>
<ClrSysId>
<Cd>DEBLZ</Cd>
</ClrSysId>
<MmbId>70010500</MmbId>
</ClrSysMmbId>
<LEI>DZZ47B9A52ZJ6LT6VV95</LEI>
<Nm>DEUTSCHE PFANDBRIEFBANK AG</Nm>
<PstlAdr>
<TwnNm>GARCHING</TwnNm>
<Ctry>DE</Ctry>
<AdrLine>PARKRING 28 GARCHING 85748</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2008-12-08 | Head office | — |
| SEPA Direct Debit CoreISO 20022 messages | 2011-02-07 | Head office | — |
| T2 (Eurosystem real-time gross settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. The T2 list names direct participants only and gives no joining date.
An institution missing from T2 may still be reachable through an indirect participant.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
Bankleitzahl · Germany
2 codes valid until 2026-12-06 · ISO 20022 clearing system code DEBLZ
| Code | Routes to BIC | Name in the national file | City |
|---|---|---|---|
| 70010500 | REBMDEMMXXX | Deutsche Pfandbriefbank | Garching b. München |
| 70010555 | REBMDEMM555 | Deutsche Pfandbriefbank | Garching b. München |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Network
Branches and correspondent banking
All 4 branch BICs connect to the head office. They are all in Garching, and no function or registration year splits them further. The bank publishes 9 accounts at other banks, across 3 regions.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
9 accounts at other banks and 1 route through its own offices, in 10 currencies, as the bank publishes them: pfandbriefbank.com ↗ dated 29 Sep 2020
| Currency | Correspondent | BIC | Account | Purpose | Directory check |
|---|---|---|---|---|---|
| CHF | UBS AG, Zürich Switzerland | UBSWCHZH80A | CH240023023002051205E | FX, money market, collateral, non-deliverable securities and clean payments | Matches the Swift directory |
| CZK | Commerzbank AG, Frankfurt a.M. via Prague Germany | COBADEFFXXX | DE65500400000860136100 | FX, money market, collateral, non-deliverable securities and clean payments; published as COBADEFFXXX via COBACZPXXXX | Matches the Swift directory |
| DKK | Danske Bank, Copenhagen Denmark | DABADKKKXXX | DK88 3000 3996 072193 | FX, money market, collateral, non-deliverable securities and clean payments | Matches the Swift directory |
| EUR | Deutsche Pfandbriefbank AG (via Deutsche Bundesbank), Munich Germany | REBMDEMMXXX | — | FX, money market, collateral, non-deliverable securities and clean payments | Settles directly |
| GBP | HSBC, London United Kingdom | MIDLGB22XXX | GB78MIDL40051569482103 | FX, money market, collateral, non-deliverable securities and clean payments | Matches the Swift directory |
| JPY | HSBC, Tokyo Japan | HSBCJPJTXXX | 009-037714-026 | FX, money market, collateral, non-deliverable securities and clean payments | Matches the Swift directory |
| NOK | Danske Bank, Trondheim Norway | DABANO22XXX | NO51 8601 1954 067 | FX, money market, collateral, non-deliverable securities and clean payments | Matches the Swift directory |
| PLN | Danske Bank Poland, Warszawa Poland | DABAPLPWXXX | PL14236000050000004305100644 | FX, money market, collateral, non-deliverable securities and clean payments | Matches the Swift directory |
| SEK | Danske Bank, Stockholm Sweden | DABASESXXXX | SE60 1200 0000 0124 6010 3425 | FX, money market, collateral, non-deliverable securities and clean payments | Matches the Swift directory |
| USD | JP Morgan Chase, New York United States | CHASUS33XXX | 400209608 | FX, money market, collateral, non-deliverable securities and clean payments | Matches the Swift directory |
PDF of Standard Settlement Instructions for FX, money market, collateral, non-deliverable securities and clean payments, effective 29 September 2020. It is linked from the SSIs page under Kunden. All 10 rows were extracted. The list is dated 2020 and may be stale. The CZK row gives the BIC as 'COBADEFFXXX via COBACZPXXXX'. The EUR row routes via the bank's own BIC at Deutsche Bundesbank and gives no account number. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| REBMDEMM555 | EINLAGENGESCHAEFT | Garching | PARKRING 28 GARCHING 85748 GARCHING GERMANY | — | 2019-11-02 |
| REBMDEMM709 | — | Garching | PARKRING 28 GARCHING 85748 GARCHING GERMANY | — | 2024-04-10 |
| REBMDEMMHYP | BRANCH-BIC FOR COVERPOOL MORTGAGE SECURITIES | Garching | PARKRING 28 GARCHING 85748 GARCHING GERMANY | — | 2020-08-01 |
| REBMDEMMOPF | BRANCH-BIC FOR COVERPOOL PUBLIC SECURITIES | Garching | PARKRING 28 GARCHING 85748 GARCHING GERMANY | — | 2020-08-01 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of T2 participants.
- Banking supervision—Source: European Central Bank, list of supervised entities.
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- National bank codes—Germany (Quelle: Deutsche Bundesbank).
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Source: European Securities and Markets Authority (ESMA), MiFID II/MiFIR register (investment firms, trading venues, systematic internalisers, data reporting services providers). Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: Unknown author Unknown author · Public domain · Wikimedia Commons · original; Kay Wolf: pfandbriefbank.com (official website) · original; Marcus Schulte: pfandbriefbank.com (official website) · original; Jörn Joseph: pfandbriefbank.com (official website) · original; Barkha Mehmedagic: pfandbriefbank.com (official website) · original.
Assess the financial crime risk behind a BIC
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