Themen:
Ad-hoc Release
April 26, 2018
Frankfurt am Main, 26 April 2018 - 7:15 CEST - Deutsche Bank‘s (XETRA: DBKGn.DE / NYSE: DB) Management Board has agreed on strategic adjustments in its Corporate & Investment Bank (CIB). Deutsche Bank aims to shift more decisively to more stable revenue sources and to strengthen those core business lines which are most important for its European and multi-national clients. In reallocating resources and to improve capital and balance sheet efficiency, the bank will scale back other areas where the Management Board believes that Deutsche Bank no longer has a sustainable competitive advantage in the changed market environment.
The Management Board has agreed on three measures:
The bank intends to reduce front, middle and back office costs in the Corporate & Investment Bank and related infrastructure functions significantly.
The Management Board reiterates its commitment to keep the adjusted cost base for 2018 below 23 billion euros. To meet and potentially improve on the 2018 adjusted cost base commitment, additional cost reduction measures are planned. These actions include:
Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt am Main
Germany
ISIN: DE0005140008
WKN: 514000
Listed: Regulated market in Berlin-Bremen, Duesseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich und Stuttgart; EUREX; NYSE
The International Securities Identification Numbers (ISINs) of further financial instruments issued by Deutsche Bank AG, and admitted to trading on a domestic organized market or for which such admission has been applied for, are listed in the attached PDFs.
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