DGAP-Adhoc: Deutsche Bank and Commerzbank discontinue discussions

2019. április 25., csütörtök, 10:35





DGAP-Ad-hoc: Deutsche Bank AG / Key word(s): Statement


Deutsche Bank and Commerzbank discontinue discussions


25-Apr-2019 / 10:35 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.




After careful analysis, the Management Board of Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has concluded today that a combination with Commerzbank would not have created sufficient benefits to offset the additional execution risks, restructuring costs and capital requirements associated with such a large-scale integration. As a result, the two banks have decided to discontinue discussions.


Deutsche Bank will continue to review all alternatives to improve long-term profitability and shareholder returns.


For the first quarter of 2019, Deutsche Bank expects to report income before income taxes of approximately EUR 290 million and net income of approximately EUR 200 million. Total net revenues are expected to be EUR 6.4 billion, including EUR 3.3 billion in the Corporate & Investment Bank with total noninterest expenses and adjusted costs in each case of EUR 5.9 billion. The Common Equity Tier 1 ratio at the end of the quarter is expected to be approximately 13.7%. 


Deutsche Bank will report first quarter results on April 26, 2019.

 

Contact:

Christian Streckert

Media Spokesman

Phone: +49 69 910 38079

Email: christian.streckert@db.com


 

 



 

 








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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
EQS News ID: 803273





 
End of Announcement DGAP News Service




803273  25-Apr-2019 CET/CEST







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