Deutsche Pfandbriefbank AG is a German bank that specialises in real estate and public sector financing.

[1] As of 2016, it is a constituent of the SDAX trading index of German small-cap companies.

Pfandbriefe is a German term for bonds issued in property financing.

PBB was a part of Hypo Real Estate (HRE), which was nationalised by the German government during the 2008 financial crisis.

[5] German public sector trust RAG Foundation bought a 4.5 percent stake.