24.04.2015
Deutsche Bank AG DE0005140008
DGAP-Adhoc: Deutsche Bank announces next phase of strategy
Deutsche Bank AG / Key word(s): Strategic Company Decision
24.04.2015 22:59
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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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.
24.04.2015 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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