Deutsche Pfandbriefbank AG engages in the provision of commercial banking services. It operates through the following segments: Commercial Real Estate Finance, Public Investment Finance, and Non-Strategic Value Portfolio. The Commercial Real Estate Finance segment comprises financing for professional real estate investors with a medium to long-term orientation. These include professional national and international real estate companies, institutional investors, and property funds. The Public Investment Finance segment consists of financing eligible for covered bonds for the provision of public infrastructure. It focuses on the public institutions, municipal and social housing construction, buildings for the utilities and waste disposal market, transport infrastructure, as well as healthcare and nursing institutions. The Value Portfolio segment includes budget financing, non-strategic public investment financings, and selected structured products. The company was founded in June 2009 and is headquartered in Garching, Germany.