Deutsche Bank announces litigation costs of approximately EUR 1.5 billion in first quarter 2015
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced that it expects to report litigation costs of approximately EUR 1.5 billion for the first quarter 2015.
The majority of these litigation costs are not tax-deductible. Despite these costs Deutsche Bank will be profitable in the first quarter and will report near record revenues. Deutsche Bank will give further details upon publishing its unaudited first quarter 2015 financial results. <strong>For further information, please contact:</strong> Deutsche Bank AG Press and Media Relations Dr. Ronald Weichert +49 69 910 38664 Christian Streckert +49 69 910 38079 email@example.com Investor Relations +49 69 910 35395 (Frankfurt) +1 212 250 1540 (New York) firstname.lastname@example.org 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.