Press Releases
Deutsche Bank increases equity stake in Hua Xia Bank to 19.99%
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced that it had signed a binding agreement to subscribe to newly issued shares in Hua Xia Bank for a total subscription price of up to RMB 5,749 million (approx. EUR 636 million). Deutsche Bank’s subscription is part of a private placement of Hua Xia Bank shares to its three largest shareholders with an overall issuance value of up to RMB 20.8 billion (approx. EUR 2.3 billion). Subject to regulatory approvals, this investment will increase Deutsche Bank’s equity stake in Hua Xia Bank from 17.12% of issued capital to 19.99%, the maximum single foreign ownership level as permitted by Chinese regulations. ...[more]
Deutsche Bank delivers its 2010 China investment strategy at DB Access China Conference
Beijing, 11 January, 2010: Deutsche Bank today outlined its 2010 China economic and market outlook at the Bank’s 8th annual DB Access China Conference in Beijing. The forum, held 11-14 January and attended by 1,000 investors, is one of the largest investor conferences in China....[more]
Deutsche Bank opens new branch in Tianjin, China
Tianjin, December 8, 2009: Deutsche Bank (China) Co. Ltd. (“Deutsche Bank China”) today announced that its new Tianjin branch is open for business. The new branch compliments Deutsche Bank’s existing network in Beijing, Shanghai and Guangzhou and follows approval from the China Banking Regulatory Commission, obtained in July 2009....[more]
DEUTSCHE BANK REPORTS THIRD QUARTER 2009 NET INCOME OF EUR 1.4 BILLION
FRANKFURT AM MAIN, 29 October 2009 – Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today reported results for the third quarter and first nine months of 2009. Net income for the quarter was EUR 1.4 billion, up from EUR 414 million in the third quarter 2008. Expected taxation on pre-tax income was more than offset by specific tax items during the quarter. These items represent EUR 369 million of net tax benefits and mainly relate to tax audit settlements for prior years, which were partly offset by the revaluation of deferred tax positions. Diluted earnings per share were EUR 2.10, up from EUR 0.83 in the prior year period. Income before income taxes was EUR 1.3 billion, up from EUR 93 million in the third quarter 2008. Pre-tax return on average active equity for the quarter was 15%, compared to 1% in the prior year quarter. Per the Group’s target definition, which excludes significant gains and charges, pre-tax return on average active equity was 14%. ...[more]
Deutsche awarded for structured investment products
Deutsche Bank was voted the world’s Most Innovative Provider of Structured Investment Products (for retail investors) by The Banker magazine in their annual awards announced earlier this week. In its write-up on the award, The Banker said that there had been a major shift in retail investor appetites over the past year with safe, liquid products with low counterparty credit risk such as UCITSIII funds and exchange traded funds coming back into vogue....[more]
DEUTSCHE BANK REPORTS SECOND QUARTER 2009 NET INCOME OF EUR 1.1 BILLION
FRANKFURT AM MAIN, 28 July 2009 – Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today reported results for the second quarter and first half of 2009. Net income for the quarter was EUR 1.1 billion, up 67% versus EUR 645 million in the second quarter 2008. Diluted earnings per share were EUR 1.64, versus EUR 1.27 in the prior year quarter. Income before income taxes was EUR 1.3 billion, up 105% versus EUR 642 million in the prior year quarter. The current quarter result was affected by the absorption of EUR 1.4 billion of specific charges, mainly in noninterest expenses and provision for credit losses, which were in part counterbalanced by EUR 758 million of specific positive revenue effects. Pre-tax return on average active equity, on a reported basis was 15%, and as per the bank’s target definition, which excludes significant gains and charges, was 16%. ...[more]
Zhong De Securities receives CSRC business license – Chairman and CEO appointed
Beijing, July 8, 2009 – Zhong De Securities Company Limited (“Zhong De Securities”), the China securities joint venture between Shanxi Securities Co. Ltd. and Deutsche Bank AG, today announced that it had received a business license from the China Securities Regulatory Commission (“CSRC”). The license allows the company to commence investment banking services in China’s attractive domestic securities market....[more]
Deutsche Bank and Shanxi Securities China JV approved
Beijing, 6 January 2009 – Deutsche Bank and Shanxi Securities Co. Ltd. today announced that their agreement to form a new securities joint venture has been approved by the China Securities Regulatory Commission (CSRC). ...[more]
Deutsche Bank commences RMB services in China
Beijing, 10 September 2008 – Deutsche Bank (China) Co., Ltd ("DB China") today announced that following recent approval from the China Banking Regulatory Commission the bank will commence providing RMB-denominated banking services to local Chinese residents in Beijing and Shanghai. ...[more]
Deutsche Bank officially opens offices in Deutsche Bank Tower, Beijing
Beijing, 28 April 2008 - Deutsche Bank officially opened its new offices in Deutsche Bank Tower at China Central Place in the Chaoyang District of Beijing. With a total of 78,000 square metres, the new premises house Deutsche Bank (China) Co., Ltd. and other related Bank businesses which are located on the 26th -28th floor of the new building. ...[more]
