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DEUTSCHE BANK AG: Deutsche Bank reports second quarter 2016 pre-tax profit of 408 million euros and net income of 20 million euros

2016-07-27 11:05
publikacja
2016-07-27 11:05
Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY


Spis załącznikĂłw:
DB_Interim_Report_2Q2016.pdf  (REPORT)

POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 3 / 2016
Date of issue: 2016-07-27
Short name of the issuer
DEUTSCHE BANK AG
Subject
Deutsche Bank reports second quarter 2016 pre-tax profit of 408 million euros and net income of 20 million euros
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:
Deutsche Bank reports second quarter 2016 pre-tax profit of 408 million euros and net income of 20 million euros

Below you will find key developments within Deutsche Bank. Full second quarter report attached.
• 20% lower revenues year-on-year reflecting challenging environment and strategic decisions
o Revenues, excluding NCOU and Hua Xia Bank, down 12%
• 14% lower noninterest expenses reflect lower litigation expenses and compensation costs
• Pre-tax profit of 408 million euros, down 67%, after goodwill impairment charge of 285 million euros, restructuring and severance charges of 207 million euros, and litigation charges of 120 million euros
• Sustained financial strength
o Fully loaded CET1 ratio improved slightly to 10.8%
o Gain of ~40 basis points to CET1 ratio from Hua Xia disposal anticipated in second half 2016
o Liquidity reserves of ~220 billion euros
o Credit and market risk at very low levels
• Significant progress on strategy implementation
o First-phase restructuring in Germany agreed, involving ~3,000 positions
o Formation of Intermediate Holding Company in US
o Further de-risking of non-core assets
o Operational separability of Postbank completed
o Sustained investment in controls and infrastructure
• All business divisions profitable
o Global Markets: rates, FX comparable with strong prior year quarter, expect to remain No 4 in debt sales and trading
o Corporate & Investment Banking: revenues in Transaction Banking stable year-on-year, No 2 in debt origination in Europe
o Private, Wealth & Commercial Clients: 2,000 new commercial banking clients in Germany, over 10,000 new clients in Private & Commercial Clients International, consumer finance growth year-on-year
o Deutsche Asset Management: substantial profitability in a high return-on-equity business
Annexes
File Description
DB_Interim_Report_2Q2016.pdfDB_Interim_Report_2Q2016.pdf DB Interim Report 2Q2016

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
2016-07-27 Aaron Myles Authorised Signatory
2016-07-27 Stephen Chew Authorised Signatory
Źródło:Komunikaty spółek (ESPI)
Tematy
Orange Nieruchomości
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