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Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on DEUTSCHE BANK AG-REGISTERED. We currently have 9 research reports from 1 professional analysts.

Date Source Announcement
28Dec16 03:11 RNS Form 8.3 - [offeree/offeror] Deutsche Borse AG
28Dec16 12:08 RNS Form 8.5 (EPT/RI) Deutsche Borse AG
28Dec16 11:58 RNS Form 8.5 (EPT/RI) Sky Plc
28Dec16 11:56 RNS Form 8.5 (EPT/RI) London Stock Exchange
28Dec16 11:55 RNS Form 8.5 (EPT/RI) Lavendon Group Plc
28Dec16 11:54 RNS Form 8.5 (EPT/RI) Deutsche Borse AG
23Dec16 11:54 RNS Form 8.5 (EPT/RI) Sky Plc
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Further Strategy 2020 details

  • 29 Oct 15

Deutsche Bank released for the press conference this morning additional details of its Strategy 2020. Making Deutsche Bank simpler and more efficient: - Close onshore operations in 10 countries: Argentina, Chile, Mexico, Peru, Uruguay, Denmark, Finland, Norway, Malta, and New Zealand; move trading activities in Brazil to global and regional hubs; further centralise booking locations in global and regional hubs as part of the new Global Markets and Corporate & Investment Banking (CIB) structure; - Reduce its work force by c.9,000 net full-time equivalent (FTE) positions plus c.6,000 external contractor positions in its Global Technology & Operations infrastructure function; - Reduce the number of clients in Global Markets and CIB by c.50%, especially in higher operating risk countries, given that c.30% of clients produce 80% of the revenues in these business divisions; - Modernise its outdated and fragmented IT architecture, including by reducing operating systems and replacing the bank’s end-of-life hardware and software applications; - Eliminate c.90 legal entities. In addition, the bank plans to dispose of assets with a total cost base of c.€4bn and 20,000 FTE over the next 24 months. Allowing for inflation, increased regulatory spending, software amortisation, and investments in business growth, the bank targets adjusted costs of below €22bn in 2018. Cost reduction targets: - Adjusted costs below €22bn in 2018; - Gross savings of €3.8bn by 2018 with restructuring and severance costs of €3.0–3.5bn, two-thirds of which to be spent by 2016; - Cost income ratio of c.70% in 2018 and 65% in 2020. Capital strength targets: - Leverage exposure reduction of c.€170bn and risk weighted asset reduction before regulatory inflation of c.€90bn 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; - Materially wind down the Non-Core Operations Unit (NCOU) by the end of 2016. The bank anticipates that the winding down of the NCOU will be accretive to the CET1 ratio and have an incremental negative P&L impact of between €1.0bn and €2.0bn. More details could be released at the investor presentation at 5pm.