Deutsche Bank announces next phase of strategy
The Management Board of Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) today decided upon the next phase of the Bank's strategy.This reaffirms the Bank’s commitment to remain a leading global bank based in Germany. The Bank will reduce leverage in Corporate Banking & Securities (CB&S); deconsolidate Postbank; invest in its transaction banking, asset and wealth management, and retail businesses; and continue to redesign its operating and governance models to achieve greater efficiency and a more robust control environment. Furthermore, it will increase its investments in digital banking and rationalize its geographic footprint.
The Supervisory Board today decided unanimously to support the proposal submitted by the Management Board.
Details of the strategy will be announced on Monday, April 27, on an analyst call at 8:00 a.m. CET and at a press conference in Frankfurt at 10:30 a.m. CET.
The Bank will also disclose its first quarter results on Sunday afternoon, April 26, at approximately 15:00 CET. Management will discuss these on Monday’s analyst call.
For further information please contact:
Deutsche Bank AG
Press and Media Relations
Dr. Ronald Weichert
+49 69 910 38664
+49 69 910 35395 (Frankfurt)
+44 20 754-50279 (London)
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2015 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.