Deutsche Bank provides details on adjustments to segmental reporting
Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) today announced minor changes to the reporting of revenues within its Private & Commercial Bank (PCB). These changes follow the merger of Postbank and Deutsche Bank’s German Private & Commercial Clients business into DB Privat- und Firmenkundenbank AG, the announced agreement to sell our retail business in Portugal and a portion of our Polish retail business.
As a result, PCB revenues will now be reported as follows:
- Private and Commercial Business (Germany),
- Private and Commercial Business (International), which covers operations in Belgium, India, Italy and Spain,
- Wealth Management (Global), and
- Exited businesses, which covers operations in Poland and Portugal as well as Private Client Services (PCS) and Hua Xia Bank in historical periods.
In addition, to reflect the current organisational structure, the bank has reclassified certain infrastructure employees previously reported in Corporate & Other into their respective business divisions.
The Financial Data Supplement (FDS) published today provides an adjusted presentation of the bank’s 2016, 2017 and first quarter 2018 financial results. Access to this version of the FDS can be found on: www.db.com/quarterly-results.
For further information please contact:
Deutsche Bank AG
Phone: +49 69 910-62303
+49 800 910 8000 (Frankfurt)
+44 20 7541 4100 (London)