Ad-hoc | 24 July 2012 17:21
Deutsche Bank AG / Key word(s): Preliminary Results
24.07.2012 17:21
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Frankfurt am Main, 24 July 2012 - Deutsche Bank AG (XETRA: DBKGn.DE / NYSE:
DB) announced today, on a preliminary basis, key elements of its second
quarter 2012 financial performance.
Deutsche Bank expects total net revenues of approximately EUR 8.0 billion
for the second quarter (2Q2011: EUR 8.5 billion). Credit provisions were
approximately EUR 400 million (2Q2011: EUR 464 million). Noninterest
expenses were EUR 6.6 billion (2Q2011: EUR 6.3 billion). The increase in
noninterest expenses is mainly a result of the bank's U.S. dollar and pound
sterling cost base being negatively affected by the weakening of the euro.
As a result, Deutsche Bank currently anticipates an income before income
taxes for the second quarter 2012 of approximately EUR 1.0 billion (2Q2011:
EUR 1.8 billion), and a net income of approximately EUR 700 million
(2Q2011: EUR 1.2 billion).
The Bank's Core Tier 1 capital ratio was 10.2% at the end of the second
quarter (1Q2012: 10.0%), well ahead of regulatory requirements and
demonstrating achievement of management action to reduce risk weighted
assets. Deutsche Bank confirms its simulated, pro forma, Basel III fully
phased-in Core Tier 1 capital ratio of 7.2% at the beginning of 2013, as
previously published. Lower full year net income projections will be
mitigated by additional de-risking measures.
Deutsche Bank will publish its full Interim Report on the second quarter
and discuss the results as scheduled on 31 July 2012.
24.07.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt a. M.
Germany
Phone: +49 (0)69 910-00
Fax: +49 (0)69 910-38966
E-mail: Deutsche.Bank@db.com
Internet: www.deutsche-bank.de
ISIN: DE0005140008
WKN: 514000
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; NYSE
End of Announcement DGAP News-Service
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