FRANKFURT (Reuters) – Deutsche Pfandbriefbank’s (PBB) shares continued their decline on Friday amid concerns over its exposure to the U.S. commercial real estate market.
The decline comes a day after the bank sought to reassure investors that it has enough funds to cope with the slump that has cast a shadow on numerous banks that have lent to the sector.
The shares were down 2.9% early in Frankfurt, making for a 27% decline so far this year.
The bank’s bonds have also come under pressure.
(Reporting by Tom Sims, Editing by Rachel More)
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