28.10.2015
Deutsche Bank AG DE0005140008
DGAP-Adhoc: Deutsche Bank announces Strategy 2020 financial targets
Deutsche Bank AG / Key word(s): Strategic Company Decision
28.10.2015 20:23
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Frankfurt am Main, 28 October 2015. - The Management Board of Deutsche Bank
(XETRA: DBKGn.DE/NYSE: DB) today approved the implementation of the Bank's
strategic plan, known as "Strategy 2020". The plan includes the following
financial targets:
- CET 1 ratio: at least 12.5% from the end of 2018
- Leverage ratio: at least 4.5% at the end of 2018 and at least 5.0% at the
end of 2020
- Return on Tangible Equity (RoTE): greater than 10% by 2018
- Adjusted Costs (total noninterest expenses excluding restructuring and
severance, litigation, impairment of goodwill and intangibles and
policyholder benefits and claims) of less than EUR 22.0 billion by 2018
- Cost/income ratio (CIR) of approximately 70% in 2018 and of approximately
65% in 2020
- Risk Weighted Assets (RWA) (excluding regulatory inflation following
regulatory changes expected to be at least EUR 100 billion by 2019/2020) of
approximately EUR 320 billion at the end of 2018 and of approximately EUR
310 billion at the end of 2020.
Furthermore, the plan is based on the elimination of the Deutsche Bank
common share dividend for the fiscal years 2015 and 2016. The Management
Board expects to recommend the payment of common share dividends commencing
from fiscal year 2017 at a competitive payout ratio.
In its meeting today the Supervisory Board has been informed about the
plans by the Management Board.
The details of how Deutsche Bank intends to achieve these targets will be
announced on Thursday, October 29, at a press conference in Frankfurt at
8:00 a.m. London time and at an investor event in London at 4:00 p.m.
London time.
Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt am Main
Germany
ISIN: DE0005140008
WKN: 514000
Listed: Regulated market in Berlin-Bremen, Duesseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich und Stuttgart; EUREX; NYSE
The International Securities Identification Numbers (ISINs) of further
financial instruments issued by Deutsche Bank AG, and admitted to trading
on a domestic organized market or for which such admission has been applied
for, are available on Deutsche Bank's Investor Relations website under
https://www.db.com/ir/ .
28.10.2015 The DGAP 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: [email protected]
Internet: www.deutsche-bank.de
ISIN: DE0005140008
WKN: 514000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse
EUREX; NYSE
End of Announcement DGAP News-Service
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