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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Bank    DBK   DE0005140008

DEUTSCHE BANK (DBK)
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Deutsche Bank : Turkeys Lira the Cheapest Currency in the World

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01/12/2019 | 07:29am EST

The Turkish lira is the worlds cheapest currency, Deutsche Bank strategist George Saravelos said, according to Dnya newspaper.

Saravelos pointed out that the lira was even less expensive after losing 3 percent of its value so far this year, Dnya said.

The lira lost 28 percent against the dollar in 2018 as a currency crisis ripped through the countrys financial markets, causing the economy to contract by 1.1 percent on a quarterly basis in the three months to September. It fell 1.3 percent to 5.48 per dollar at 7:03 p.m. in Istanbul.

The Chinese yuan is the worlds most expensive currency after it reached a six-month high against the dollar on Friday, Saravelos said.

(c) 2019 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2018 25 540 M
EBIT 2018 2 262 M
Net income 2018 623 M
Debt 2018 -
Yield 2018 1,66%
P/E ratio 2018 26,34
P/E ratio 2019 12,60
Capi. / Sales 2018 0,63x
Capi. / Sales 2019 0,63x
Capitalization 16 084 M
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Number of Analysts 28
Average target price 8,65 €
Spread / Average Target 11%
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Managers
NameTitle
Christian Sewing Chief Executive Officer
Karl von Rohr Co-President & Chief Administrative Officer
Garth Ritchie Co-President & Co-Head-Corporate & Investment Bank
Paul Achleitner Chairman-Supervisory Board
Frank Kuhnke Chief Operating Officer & Member-Management Board
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