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Deutsche Bank AG
Earnings Release • Jul 21, 2020
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Earnings Release
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News Details
Ad-hoc | 21 July 2020 13:29
Deutsche Bank updates Common Equity Tier 1 ratio
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: [email protected]
Eduard Stipic
External Communication
Phone: +49 69 910 41864
Email: [email protected]
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: | [email protected] |
| 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: | 1098233 |
| End of Announcement | DGAP News Service |