DEUTSCHE BANK (FRA:DBB) DGAP-Adhoc: Deutsche Bank and Commerzbank discontinue discussions

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DGAP-Ad-hoc: Deutsche Bank AG / Key word(s): Statement
Deutsche Bank and Commerzbank discontinue discussions

25-Apr-2019 / 10:35 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.

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.
Christian Streckert
Media Spokesman
Phone: +49 69 910 38079



25-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt a. M.
Phone: +49 (0)69 910-00
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ISIN: DE0005140008
WKN: 514000
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EQS News ID: 803273

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803273  25-Apr-2019 CET/CEST