Deutsche Bank AG — Earnings Release 2003

Feb 5, 2004

News Details

Ad-hoc | 5 February 2004 07:26

Deutsche Bank reports 2003 pre-tax income of Euro 2.8 billion

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Deutsche Bank reports 2003 pre-tax income of Euro 2.8 billion Fourth quarter 2003 pre-tax income of Euro 676 million versus income of Euro 237 million in fourth quarter 2002. Net income of Euro 1.4 billion in 2003 versus Euro 0.4 in 2002 Net income in 4Q2003: Euro 436 million versus a loss of Euro 105 million in 4Q2002. Underlying 2003 pre-tax profit of Euro 3.6 billion versus Euro 1.4 billion in 2002. Operating costs cut by 11 per cent to Euro 17.3 billion in 2003. Provisions for loan losses down to Euro 1.1 billion in 2003 from Euro 2.1 billion in 2002. Risk-weighted assets down 9 per cent. Tier 1 capital ratio increased to 10.0 per cent. The Board of Managing Directors intends to propose to the Supervisory Board a dividend increase of 15 per cent to Euro 1.50. All figures are preliminary and unaudited. A detailed press release will be available in the internet via http://www.deutsche-bank.com at 7.45 a.m. A press conference and an analyst meeting will take place at 10.00 a.m. and 2.00 p.m., respectively, and can be followed via webcast. end of ad-hoc-announcement (c)DGAP 05.02.2004 ——————————————————————————– WKN: 514000; ISIN: DE0005140008; Index: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; EUREX; Amsterdam; Antwerpen; Brüssel; London; Luxemburg; NYSE; Paris; Tokio; Wien; Swiss Exchange 050726 Feb 04