REKLAMA

DEUTSCHE BANK AG: Deutsche Bank reports first-quarter 2017 net income of € 575 million

2017-04-27 16:55
publikacja
2017-04-27 16:55
Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY


Spis załącznikĂłw:
2017q1-media-release.pdf  (REPORT)

POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 3 / 2017
Date of issue: 2017-04-27
Short name of the issuer
DEUTSCHE BANK AG
Subject
Deutsche Bank reports first-quarter 2017 net income of € 575 million
Official market - legal basis
Unofficial market - legal basis
Rozporządzenie Ministra Finansów z dnia 19 lutego 2009r. w sprawie informacji bieżących i okresowych przekazywanych przez emitentów
papierów wartościowych oraz warunków uznawania za równoważne informacji wymaganych przepisami prawa państwa niebędącego
państwem członkowskim (Dz.U.2009.33.259) w związku z art. 56 Ustawy z dnia 29 lipca 2005r. o ofercie publicznej i warunkach
wprowadzania instrumentów finansowych do zorganizowanego systemu obrotu oraz o spółkach publicznych (DZ.U. 05.184.1539) z późn. zm.
Contents of the report:
Media Release | April 27, 2017

John Cryan, Chief Executive Officer, said: “I am pleased with the start we have made to 2017. Client engagement is strong, asset flows are returning across the bank and activity is picking up. Our cost-cutting efforts are starting to pay off, while we have reduced complexity significantly. We have laid firm foundations upon which Deutsche Bank can once again deliver good results.”

Profitability
Pre-tax profit of € 878 million, up 52% year-on-year
Net income of € 575 million, up 143% year-on-year

Revenues
€ 7.3 billion, down 9% year-on-year
The decline was predominantly due to a negative swing of € 0.7 billion year-on-year resulting mainly from the development of Deutsche Bank’s credit spreads
Adjusted for this effect, revenues would have been broadly flat year-on-year

Provision for credit losses
€ 133 million, down 56% year on year, primarily due to improved performance in the metals and mining and oil and gas portfolios

Costs
Noninterest expenses of € 6.3 billion, down 12% year-on-year
Adjusted costs of € 6.3 billion, down 5% year-on-year, reflecting restructuring progress and closure of Non-Core Operations Unit (NCOU) at the end of 2016
Headcount reduced by ~1,600 during the quarter, despite internalisation of ~200 external staff
Headcount reduced by ~3,300 versus the end of the first quarter of 2016 despite internalisation of ~1,900 external staff in the COO function and ~370 net hires in Compliance and Anti-Financial Crime
Branch optimisation: 130 out of planned 188 branch closures in Germany now complete. All eight advisory centres are now up and running

Capital
Fully loaded CRD 4 Common Equity Tier 1 (CET1) ratio of 11.9%, slightly up versus 31 December 2016
Impact of capital raising: pro-forma fully loaded CET1 ratio of 14.1% at 31 March 2017
Risk Weighted Assets (RWA), fully loaded, of € 358 billion, stable since year-end. CRD 4 leverage exposures of € 1,369 billion, up 2% versus 31 December 2016, reflecting a return of client activity

Net money inflows across asset-gathering businesses
Deutsche Asset Management: € 5 billion of net new money across most regions and products
Private, Wealth & Commercial Clients: € 3 billion of net new money with inflows in both Wealth Management and Private & Commercial Clients
Annexes
File Description
2017q1-media-release.pdf2017q1-media-release.pdf 2017q1-media-release

DEUTSCHE BANK AG, London
(fullname of the issuer)
DEUTSCHE BANK AG Banki (ban)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
Londyn
(post code) (city)
Winchester House, 1 Great Winchester Street
(street) (number)
+44 (0) 207545 8000
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2017-04-27 Stephen Chew Authorised Signatory Stephen Chew
2017-04-27 Robert Leadbeater Authorised Signatory Robert Leadbeater
Źródło:Komunikaty spółek (ESPI)
Tematy
Plan dla firm z nielimitowanym internetem i drugą kartą SIM za 0 zł. Sprawdź przez 3 miesiące za 0 zł z kodem FLEXBIZ.
Plan dla firm z nielimitowanym internetem i drugą kartą SIM za 0 zł. Sprawdź przez 3 miesiące za 0 zł z kodem FLEXBIZ.
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