$PBB (-7,31%) increased its new real estate loan business by 14% to 4.5 billion euros in the first nine months. The share of property types considered key to growth—hotels, senior living, student housing, and data centers—doubled to 15%. Provisions for credit losses totaled 32 million euros and pre-tax profit was 28 million euros; both figures were in line with expectations, according to the bank. In the same period last year, the bank reported a loss of 235 million euros with provisions for credit losses of 356 million euros; the main factor being the extraordinary expense associated with the withdrawal from the U.S. market. The U.S. portfolio was reduced by 28% to 2.2 billion euros over the course of the year. The Real Estate Investments division contributed 37 million euros (previous year: 6 million euros). The bank does not anticipate a short-term improvement in market conditions. It expects results for new business volume and profit to be at the lower end of the forecast range.