Deutsche Bank Reports Q1 Common Equity Tier 1 Capital Ratio Of 13.4% After Deductions For Shareholder Distributions And Business-driven Growth In Risk Weighted Assets
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank announced its Q1 financial metrics, including a Common Equity Tier 1 Capital Ratio of 13.4%, a stable leverage ratio of 4.5%, and a 10% decrease in provision for credit losses to €439 million from the previous quarter's €488 million. The bank also reaffirmed its full-year credit loss guidance at the higher end of the 25-30 basis points range.
April 25, 2024 | 9:48 am
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Deutsche Bank reported a solid Q1 with a Common Equity Tier 1 Capital Ratio of 13.4%, a consistent leverage ratio of 4.5%, and reduced credit loss provisions. The reaffirmation of its full-year credit loss guidance at the higher end suggests confidence in managing risks.
The positive financial metrics, including a decrease in provision for credit losses and a stable capital and leverage ratio, indicate a strong financial health and risk management capability. The reaffirmation of the full-year credit loss guidance at the higher end of the expected range demonstrates confidence in its financial outlook, which is likely to be viewed positively by investors.
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