DGAP-Ad-hoc: Deutsche Bank AG / Key word(s): Statement
After careful analysis, the Management Board of Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has concluded today that a combination with Commerzbank would not have created sufficient benefits to offset the additional execution risks, restructuring costs and capital requirements associated with such a large-scale integration. As a result, the two banks have decided to discontinue discussions.
Deutsche Bank will continue to review all alternatives to improve long-term profitability and shareholder returns.
For the first quarter of 2019, Deutsche Bank expects to report income before income taxes of approximately EUR 290 million and net income of approximately EUR 200 million. Total net revenues are expected to be EUR 6.4 billion, including EUR 3.3 billion in the Corporate & Investment Bank with total noninterest expenses and adjusted costs in each case of EUR 5.9 billion. The Common Equity Tier 1 ratio at the end of the quarter is expected to be approximately 13.7%.
Deutsche Bank will report first quarter results on April 26, 2019.
Phone: +49 69 910 38079
25-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Deutsche Bank AG|
|60325 Frankfurt a. M.|
|Phone:||+49 (0)69 910-00|
|Fax:||+49 (0)69 910-43800|
|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:||803273|
|End of Announcement||DGAP News Service|
803273 25-Apr-2019 CET/CEST