Deutsche Bank shareholders can expect a dividend in 2022 – the bank's chief executive confirmed to CNBC Tuesday.
shareholders can expect a dividend in 2022 – the bank's chief executive confirmed to CNBC Tuesday.
"Our capital ratio at the end of the third quarter was stronger than our internal plan and I think it was also a surprise to the market and all I can see for the fourth quarter is that we will be again above 13%, which gives us a good buffer for 2020," Christian Sewing, CEO of Deutsche Bank told CNBC's Annette Weisbach Tuesday.
Germany's largest lender has struggled since the wake of the global financial crisis. The bank has been hit by higher competition, lower market share in investment and commercial banking; different litigation charges and various management reshuffles. Its share price has dropped about 82% from 10 years ago.
"Over the last five months, we have achieved all goals, some of them even overachieved. The bank has shown the plan which we put forward in July is working. We are confident to achieve our key targets be it on the capital side, on the cost side, on the revenue side, we see momentum. Of course, there are challenges like the interest rate environment, but we acted swiftly, decisively and hence we are positive," Sewing said.of 832 million euros in the third quarter of 2019.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's potential growth below 6% over next five years: central bank adviserChina's potential economic growth will be below 6% over the next five years...
Read more »
Postal Savings Bank shares mark tepid Shanghai debut, add to sector capital woesShares of Postal Savings Bank of China (PSBC) marked a subdued Shang...
Read more »
One of Latin America's most valuable startups is changing the way Brazilians bankWhen David Velez tried to open a bank account in Brazil, the process was so difficult he created a company to help fix the problem. Now he's the CEO of Nubank, a fully digital bank that's one of the most valuable startups in Latin America.
Read more »
Swiss bank Vontobel unloads equity brokerage businessSwiss private bank Vontobel on Monday said it was handing over its equity broker...
Read more »
Australia cartel case against Citi, Deutsche delayed by late night witness statementAn Australian criminal cartel lawsuit against Citigroup Inc and Deutsche Bank AG...
Read more »
A British oil stock tanked 60% after the shock resignation of the CEO and head of explorationTullow Oil plunged after the CEO and the exploration director suddenly quit. The company also halted its dividend and reduced its production guidance.
Read more »