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Deutsche Bank AG — Earnings Release 2008
Apr 1, 2008
99_rns_2008-04-01_42d3fc19-bcac-4c52-b448-428d53a3a041.html
Earnings Release
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Ad-hoc | 1 April 2008 08:31
Deutsche Bank AG: Deutsche Bank anticipates first-quarter 2008 mark-downs in the region of EUR 2.5 billion in key areas
Deutsche Bank AG / Preliminary Results/Quarter Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
FRANKFURT AM MAIN, 1 April 2008 – Josef Ackermann, Chairman of the
Management Board of Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) will today
address an investor conference in London. In his remarks, he will comment
on the operating environment during the first quarter of 2008, Deutsche
Bank’s positions in key areas, and the financial impact of these positions.
As already indicated in Deutsche Bank’s 2007 Financial Report, published on
26 March 2008, markets remained difficult early in 2008. Conditions have
become significantly more challenging during the last few weeks.
Reflecting this environment, Deutsche Bank anticipates in the first quarter
2008 mark-downs in the region of EUR 2.5 billion, related to leveraged
loans and loan commitments, commercial real estate, and residential
mortgage-backed securities (principally Alt-A).
Deutsche Bank nevertheless expects a BIS Tier 1 capital ratio at the end of
the first quarter 2008 of between 8 and 9%, consistent with the bank’s
published targets.
Deutsche Bank will publish its first-quarter 2008 Earnings Release and
Interim Report as scheduled on 29 April 2008.
01.04.2008 Financial News transmitted by DGAP
Language: English
Issuer: Deutsche Bank AG
Theodor-Heuss-Allee 70
60486 Frankfurt am Main
Deutschland
Phone: +49 (0)69 910-00
Fax: +49 (0)69 910-34225
E-mail: [email protected]
Internet: www.db.com
ISIN: DE0005140008
WKN: 514000
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Stuttgart, München, Hamburg;
Terminbörse EUREX; Foreign Exchange(s) NYSE
End of News DGAP News-Service