Arab Today, arab today deutsche bank raises €85bn in capital increase
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Deutsche Bank raises €8.5bn in capital increase

Arab Today, arab today

Arab Today, arab today Deutsche Bank raises €8.5bn in capital increase

Deutsche Bank
Frankfurt - AFP

Deutsche Bank, Germany's biggest lender, said on Wednesday it raised a total 8.5 billion euros ($11.6 billion) from its recent capital increase.
"Deutsche Bank has completed the capital increase ... it announced on May 18," the bank said in a statement.
"The number of shares of Deutsche Bank has increased by 359.8 million to 1.379 trillion. The gross proceeds of these transactions amounted to 8.5 billion euros."
In the second-biggest capital increase in the bank's history, Deutsche Bank turned to the Qatari royal family to help raise funds and assuage fears over its capital strength.
Deutsche Bank placed 60 million shares at a price of 29.20 euros apiece with Paramount Holdings Services, the investment of the Qatari royal family.
On top of this, it issued 299.8 million new shares at a price of 22.50 euros each.
With the capital increase, "we have taken decisive steps to protect Deutsche Bank against known capital challenges, sharpen our competitive edge, and accelerate investments in growth in all our business division," said co-chief executives Juergen Fitschen and Anshu Jain.
Like its European counterparts, Deutsche Bank is under pressure to bolster its capital reserves.
As part of a wider drive to set up a banking union as a bulwark against future financial crises, banks are being subjected to so-called stress tests and asset quality reviews by the European Central Bank this summer.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today deutsche bank raises €85bn in capital increase Arab Today, arab today deutsche bank raises €85bn in capital increase

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today deutsche bank raises €85bn in capital increase Arab Today, arab today deutsche bank raises €85bn in capital increase

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday