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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Bank    DBK   DE0005140008

DEUTSCHE BANK (DBK)
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Deutsche Bank : ends talks over sale of India business - sources

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04/17/2018 | 01:59pm CEST
FILE PHOTO: The logo of Deutsche Bank is seen at its headquarters ahead of the bank's annual general meeting in Frankfurt

FRANKFURT (Reuters) - Deutsche Bank (>> Deutsche Bank) has ended talks to sell its Indian retail and wealth management business to private lender IndusInd Bank Ltd (>> Induslnd Bank Ltd), two people with knowledge of the matter said on Tuesday.

FRANKFURT (Reuters) - Deutsche Bank has ended talks to sell its Indian retail and wealth management business to private lender IndusInd Bank Ltd (>> Induslnd Bank Ltd), two people with knowledge of the matter said on Tuesday.

The German bank is now considering retaining the business under its new chief executive, Christian Sewing, said the people, who spoke on condition of anonymity. They noted that a final decision has not yet been made.

A Deutsche Bank spokesman declined to comment. Bloomberg first reported the news earlier on Tuesday.

Deutsche Bank has been active in India since the beginning of the 1980s. It employs more than 12,000 people in the country, though many work in IT support rather than in classical banking activities.

The German lender sold its Indian mortgage business in 2010 and its asset management business five years later.

(Reporting by Andreas Framke; Writing by Tom Sims; Editing by Susan Fenton)

Stocks treated in this article : Deutsche Bank, Induslnd Bank Ltd
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BANK 1.60% 10.536 Delayed Quote.-33.63%
INDUSLND BANK LTD -2.35% 1769.9 End-of-day quote.7.44%
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Financials (€)
Sales 2018 25 863 M
EBIT 2018 2 085 M
Net income 2018 607 M
Debt 2018 -
Yield 2018 1,39%
P/E ratio 2018 38,96
P/E ratio 2019 12,53
Capi. / Sales 2018 0,84x
Capi. / Sales 2019 0,84x
Capitalization 21 776 M
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Mean consensus UNDERPERFORM
Number of Analysts 28
Average target price 10,2 €
Spread / Average Target -3,3%
EPS Revisions
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 Operations Officer
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