Put company on watchlist
Deutsche Bank AG
ISIN: DE0005140008
WKN: 514000
About
Company Snapshot
New: Activate notification
Be informed about new publications
New: AI Factsheet

Coming soon: Summary of the company message by AI/p>

Deutsche Bank AG · ISIN: DE0005140008 · Newswire (adhoc)
Country: Deutschland · Primary market: Germany · EQS NID: 1891087
26 April 2024 21:52PM

Deutsche Bank updates on Postbank takeover litigation matter


EQS-Ad-hoc: Deutsche Bank AG / Key word(s): Legal Matter
Deutsche Bank AG: Deutsche Bank updates on Postbank takeover litigation matter

26-Apr-2024 / 21:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


In a hearing on April 26, 2024, the Higher Regional Court of Cologne assessed the claims of certain former Postbank shareholders that a higher offer price in connection with Deutsche Bank's voluntary takeover offer of October 7, 2010, should have been paid. During the hearing, the Court indicated that it may find elements of these claims valid in a later ruling.  

While Deutsche Bank continues to disagree stronglywith this assessment, the court's statements will impact Deutsche Bank's estimation of the probability of a future outflow, resulting in a legal provision in the second quarter of 2024. This provision will impact Deutsche Bank’s second quarter and full-year profitability and capital ratios.The estimate of the full amount of all claims, including cumulative interest, is approximately 1.3 billion euros.

On a pro forma basisas of March 31, 2024, the impact of the full provision on the bank’s Common Equity Tier 1 (CET1) ratio is estimated to be approximately 20 basis points, with a resulting pro-forma CET1 ratioof 13.25%. On the same basis, the Leverage Ratio would be 4.42% as of March 31, 2024.

Given the complexity of the legal issues and recency of the court's statements, Deutsche Bank's management will continue its analysis of the legal arguments and the potential financial statement impact. Generally, management does not expect a significant impact on the bank's strategic plans or financial targets.



End of Inside Information

26-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt a. M.
Germany
Phone: +49 (0)69 910-00
E-mail: db.media@db.com
Internet: www.db.com
ISIN: DE0005140008
WKN: 514000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; NYSE
EQS News ID: 1891087

 
End of Announcement EQS News Service

1891087  26-Apr-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1891087&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
smart.AD

Trading Solutions for Professionals

  • 25 kinds of clusters
  • 26 world exchanges
  • 14 different charts
  • 58 necessary for analysis indicators
  • 50+ customized templates for charts


Get your free Demo today

Member of 3R/RSQ Network
Digital Content
Network Alliance
Transparency - Reliability - Credibility
Information regarding Product Information
Tuesday, 05.11.2024, Calendar Week 45, 310th day of the year, 56 days remaining until EoY.