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Deutsche bank sells shares to raise capital



Deutsche Bank expects to attract 8 billion euros after the sale of the shares of 35% below the quotations recorded at the close of trading on Friday.



10.Apr.17 2:46 AM
By Christina Orlina
Photo Toinnov.com

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Deutsche bank sells shares to raise capital

IPO will be held from 21 March to 4 April in Germany, the UK and the USA will be the fourth since 2010, the capital injection for the biggest creditor Germany, which is seeking to strengthen its financial position.

           Analyst Robert Halver (Baader Bank) said: “Increase of capital adequacy with this amount of stock, of course, does not cause much joy, but there is no other way, the Bank must raise funds in order to get rid of the problems which still require solutions. It is very important, especially for such large institutions as Deutsche Bank, think about the future and to obtain the required amount of capital. I support the decision of the Bank, it had to be done”.

           The experts, on which opinion the Agency Bloomberg refers to, noted that the placement shares will be held in almost ideal conditions against the background of expectations of economic growth and rising interest rates.

            Deutsche Bank predicts that the share sale will allow to increase base adequacy to 14.1% by the end of the year.

            By the end of 2016, Deutsche Bank reported a net loss of 1.4 billion euros, the revenue of the Bank decreased by 10% to 30 billion euros.




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