Deutsche Bank : updates Common Equity Tier 1 ratio
July 21, 2020 at 07:35 am EDT
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DGAP-Ad-hoc: Deutsche Bank AG / Key word(s): Quarter Results
Deutsche Bank updates Common Equity Tier 1 ratio
21-Jul-2020 / 13:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Frankfurt am Main, July 21, 2020 - Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) estimates its Common Equity Tier 1 (CET1) ratio as of June 30, 2020, to be approximately 13.3% compared to 12.8% at March 31, 2020. This is above market expectations and prior management guidance.
The increase in the CET1 ratio in the second quarter is principally driven by lower than anticipated credit risk weighted assets (RWAs). The lower RWAs reflect lower loan balances driven by higher than expected repayments of credit facilities by clients, notably in the later part of the quarter, and a reduction of derivative volumes. The client facilities were initially drawn in reaction to the COVID-19 pandemic economic challenges and subsequently repaid or refinanced.
Deutsche Bank expects results for the second quarter of 2020 to be slightly above average consensus estimates as compiled by the company on July 21, 2020. Full details of Deutsche Bank's second quarter results will be released as scheduled on July 29, 2020 at approximately 07:00 CET.
Contact:
Christian Streckert
External Communication
Phone: +49 69 910 38079
Email: christian.streckert@db.com
Eduard Stipic
External Communication
Phone: +49 69 910 41864
Email: eduard.stipic@db.com
21-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt a. M.
Germany
Phone:
+49 (0)69 910-00
Fax:
+49 (0)69 910-43800
E-mail:
db.presse@db.com
Internet:
www.db.com
ISIN:
DE0005140008
WKN:
514000
Indices:
DAX, EURO STOXX 50
Listed:
Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; NYSE
Deutsche Bank AG is one of the largest German banking groups. Income breaks down by activity as follows:
- investment, finance and market banking (35.6%): financial engineering (consulting for merger-acquisitions, stock operations, etc.), investment capital, operations on the interest, exchange, and stock markets, market brokerage, specialized financing (for acquisitions, projects, etc.);
- retail banking and private banking (32.6%);
- corporate banking (22.5%);
- asset management (9.3%).
At the end of 2022, Deutsche Bank AG managed EUR 621.4 billion in current deposits and EUR 483.7 billion in current loans.
Products and services are marketed through a network of 1,536 branches worldwide.