March 8, 2017 / 9:00 AM / 4 months ago

Deutsche Pfandbriefbank posts best result since financial crisis

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FRANKFURT, March 8 (Reuters) - Deutsche Pfandbriefbank posted its best profit since the financial crisis on Wednesday, helped by a debt settlement with Austrian bad bank Heta.

The bank, which specialises in real-estate and public-sector financing, said 2016 pretax profit jumped 54 percent to 301 million euros ($318 million) and it would more than double its dividend to 1.05 euros per share. ($1 = 0.9474 euros) (Reporting by Georgina Prodhan; Editing by Christoph Steitz)

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