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DEUTSCHE BANK AG: Implementation of new strategy with significant impact on 2012 results

2013-01-31 10:12
publikacja
2013-01-31 10:12
Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY


Spis załączników:
Q4_2012_engl._31.01.2013.pdf  (REPORT)
Financial_Summary_and_Consolidated_Statement_ofIncome_4Q12.pdf  (REPORT)

POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 1 / 2013
Date of issue: 2013-01-31
Short name of the issuer
DEUTSCHE BANK AG
Subject
Implementation of new strategy with significant impact on 2012 results
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:
Update on Strategy 2015+

Management proceeds with implementation of new strategy, including estab-lishing Non-Core Operations Unit (NCOU) and executing Operational Excel-lence Program (OpEx).
Actions taken are reflected in specific accounting effects, notably impairments of goodwill and other intangible assets and further specific charges. The re-sults were also impacted by significant litigation related charges. Together, these items resulted in a EUR 2.6 billion loss before income taxes in 4Q2012.
4Q2012 income before income taxes (IBIT), after adjusting for the impair-ments of goodwill and other intangible assets and significant litigation re-lated charges, which together amount to EUR 2.9 billion, was EUR 0.3 billion, to which the Core Bank contributed EUR 1.0 billion.
 2012 IBIT, after adjusting for the aforementioned charges, which together amount to EUR 3.5 billion for the full year, was EUR 4.9 billion, to which the Core Bank contributed EUR 6.5 billion.
 At the same time management has accelerated capital formation and de-risking, which resulted in a pro-forma Basel 3 fully-loaded Core Tier 1 capital ratio of 8.0% at 31 December 2012. Management now aims to achieve 8.5% as of 31 March 2013.
 OpEx on track with EUR 0.4 billion of savings realized in second half of 2012
 Implementation of a clear framework for a deep long-term cultural change
 Creation of sustainable and respected compensation practices
 Full year variable compensation relative to revenues decreased to longtime low of 9%
 Cash dividend of EUR 0.75 per share recommended

Full year 2012 results

 IBIT was EUR 1.4 billion (2011: EUR 5.4 billion), net income was EUR 0.7 bil-lion (2011: EUR 4.3 billion)
 Revenues were EUR 33.7 billion, up from EUR 33.2 billion in 2011
 Noninterest expenses of EUR 30.6 billion, which was an increase of EUR 4.6 billion, were significantly impacted by EUR 1.9 billion impairments of goodwill and other intangible assets, EUR 1.6 billion of significant litigation re-lated charges, and further specific items
 Pre-tax return on average active equity (RoE) of 2.4% in 2012 (2011: 10.3%)
 Cost/income ratio of 90.8% (2011: 78.2%)
 Basel 2.5 Core Tier 1 ratio at 11.6% as of 31 Dec 2012 (2011: 9.5%)
Annexes
File Description
Q4_2012_engl._31.01.2013.pdfQ4_2012_engl._31.01.2013.pdf Q4_2012 Results
Financial Summary and Consolidated Statement ofIncome 4Q12.pdfFinancial Summary and Consolidated Statement ofIncome 4Q12.pdf Financial Summary and Consolidated Statement of Income

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
2013-01-31 Thomas Gstaedtner Authorised Signatory Thomas Gstaedtner
2013-01-31 Fatema Caderbhoy Authorised Signatory Fatema Caderbhoy
Źródło:Komunikaty spółek (ESPI)
Tematy
Nie tylko 0 zł za konto. Sprawdź, które rachunki firmowe naprawdę się opłacają
Nie tylko 0 zł za konto. Sprawdź, które rachunki firmowe naprawdę się opłacają

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