| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
| UNI - EN REPORT No | 14 | / | 2015 | ||||||||
| Date of issue: | 2015-10-29 | ||||||||||
| Short name of the issuer | |||||||||||
| DEUTSCHE BANK AG | |||||||||||
| Subject | |||||||||||
| Deutsche Bank announces details of Strategy 2020 | |||||||||||
| 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 pó¼n. zm. | |||||||||||
| Contents of the report: | |||||||||||
| Deutsche Bank announces details of Strategy 2020 Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced details of the execution of its strategic plan, known as “Strategy 2020," including information on the Bank’s strategic goals; management actions in its business divisions, infrastructure functions, and regions; and updated performance targets for 2018 and 2020. Targets: Cost reduction: Adjusted costs* below EUR 22 billion in 2018 Gross savings of EUR 3.8 billion by 2018 with restructuring and severance costs of EUR 3.0 – 3.5 billion, two-thirds of which to be spent by 2016 Cost income ratio of approximately 70% in 2018 and 65% in 2020 Full exit from 10 countries Capital strength: Leverage exposure reduction of approximately EUR 170 billion and risk weighted asset reduction before regulatory inflation of approximately EUR 90 billion by 2018 Planned suspension of dividend on common equity for the fiscal year 2015 and 2016 Common Equity Tier 1 capital ratio of at least 12.5% from end 2018 Leverage ratio of at least 4.5% at end 2018 and at least 5% at end 2020 Returns to shareholders: Post-tax return on tangible equity greater than 10% by 2018 *Total noninterest expenses excluding restructuring and severance, litigation, impairment of goodwill and intangibles and policyholder benefits and claims | |||||||||||
| Annexes | |||||||||||
| File | Description | ||||||||||
| DB_Strategy_2020_engl_29.10.2015.pdf | Press Release DB Startegy 2020 | ||||||||||
| 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 | ||
| 2015-10-29 | Aaron Myles | Authorised Signatory | |||
| 2015-10-29 | Stephen Chew | Authorised Signatory | |||
