| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
| UNI - EN REPORT No | 3 | / | 2016 | ||||||||
| Date of issue: | 2016-07-27 | ||||||||||
| Short name of the issuer | |||||||||||
| DEUTSCHE BANK AG | |||||||||||
| Subject | |||||||||||
| Deutsche Bank reports second quarter 2016 pre-tax profit of 408 million euros and net income of 20 million euros | |||||||||||
| 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: | |||||||||||
| Deutsche Bank reports second quarter 2016 pre-tax profit of 408 million euros and net income of 20 million euros Below you will find key developments within Deutsche Bank. Full second quarter report attached. • 20% lower revenues year-on-year reflecting challenging environment and strategic decisions o Revenues, excluding NCOU and Hua Xia Bank, down 12% • 14% lower noninterest expenses reflect lower litigation expenses and compensation costs • Pre-tax profit of 408 million euros, down 67%, after goodwill impairment charge of 285 million euros, restructuring and severance charges of 207 million euros, and litigation charges of 120 million euros • Sustained financial strength o Fully loaded CET1 ratio improved slightly to 10.8% o Gain of ~40 basis points to CET1 ratio from Hua Xia disposal anticipated in second half 2016 o Liquidity reserves of ~220 billion euros o Credit and market risk at very low levels • Significant progress on strategy implementation o First-phase restructuring in Germany agreed, involving ~3,000 positions o Formation of Intermediate Holding Company in US o Further de-risking of non-core assets o Operational separability of Postbank completed o Sustained investment in controls and infrastructure • All business divisions profitable o Global Markets: rates, FX comparable with strong prior year quarter, expect to remain No 4 in debt sales and trading o Corporate & Investment Banking: revenues in Transaction Banking stable year-on-year, No 2 in debt origination in Europe o Private, Wealth & Commercial Clients: 2,000 new commercial banking clients in Germany, over 10,000 new clients in Private & Commercial Clients International, consumer finance growth year-on-year o Deutsche Asset Management: substantial profitability in a high return-on-equity business | |||||||||||
| Annexes | |||||||||||
| File | Description | ||||||||||
| DB_Interim_Report_2Q2016.pdf | DB Interim Report 2Q2016 | ||||||||||
| 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 | ||
| 2016-07-27 | Aaron Myles | Authorised Signatory | |||
| 2016-07-27 | Stephen Chew | Authorised Signatory | |||
DB_Interim_Report_2Q2016.pdf
