Ahead of the launching of its rights issue (due on 6 February according to some press reports) and the release of its full-year results (on 9 February), the group stated that it expects to record a loss of c.€11.8bn, boosted by €1bn of unexpected additional negative one-off items. The CET1 ratio would temporarily fall to around 8% before being fully restored following the capital raising (expected to be completed before 10 March on the basis of the current timetable). Importantly, m
31 Jan 2017
Stronger 2016 loss does not derail planned equity trajectory
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Stronger 2016 loss does not derail planned equity trajectory
Ahead of the launching of its rights issue (due on 6 February according to some press reports) and the release of its full-year results (on 9 February), the group stated that it expects to record a loss of c.€11.8bn, boosted by €1bn of unexpected additional negative one-off items. The CET1 ratio would temporarily fall to around 8% before being fully restored following the capital raising (expected to be completed before 10 March on the basis of the current timetable). Importantly, m