By the end of 2017, Aareal Bank and Deutsche Pfandbriefbank (PBB) were expected to hand in final offers for Deutsche Hypo, with the bids valuing the bank at more than 0.7 times its book value of about 700 million euros. That year, the bank turned a small profit.
By December 2017, Aareal Bank and Deutsche Pfandbriefbank (PBB) were anticipated to submit final bids for Deutsche Hypo, with the offers valuing the bank at more than 0.7 times its book value of around 700 million euros. That year, the bank reported a small profit.