DGAP-Adhoc: Deutsche Bank announces strategic and financial aspirations for 2015 and beyond

Deutsche Bank AG  / Key word(s): Strategic Company Decision

11.09.2012 11:49

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Strengthening the business model in a changed environment
- Affirms long-standing commitment to universal banking model
- Creates fourth business pillar: an integrated Asset & Wealth Management
  division that includes former CB&S businesses such as ETFs
- Underlines importance of Germany and sustains regional growth focus in
  Asia Pacific and the Americas
- Positions itself at the forefront of cultural change in the industry,
  increasing time horizon for deferred bonus payouts for senior management
  and appointing an independent external panel to review compensation
- Reaffirms organic capital growth plan and aims to achieve best-in-class
  operational excellence
- Accelerates deleveraging by creating Non-Core Operations unit moving
  approximately EUR 125bn of assets which carry high levels of RWA
  equivalents under Basel 3 of approximately EUR 135bn (as per June 2012)  

Setting financial aspirations
- To increase IBIT for PBC to approximately EUR 3 billion, to lower 
  cost-income ratio for CB&S to below 65%, and to more than double IBIT
  from 2011 levels for AWM and GTB, all by 2015 and taking into account
  the separation of the Non-Core Operations unit
- To achieve fully loaded Basel 3 Core Tier 1 capital ratio of at least 
  8% as of March 31, 2013, and more than 10% as of March 31, 2015 
- To improve cost-income ratio to less than 65% at a one-off cost of 
  EUR 4 billion to achieve savings of EUR 4.5 billion a year by 2015
- To reach post-tax return on average active equity of 12% or more by 2015

More information is available at www.db.com/press.


11.09.2012 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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