Deutsche Bank reports third quarter 2015 net loss of EUR 6.0 billion after specific items
Deutsche Bank has issued a press release today to report third quarter results.
According to the report, Deutsche Bank reports for Q3 Net Loss of EUR 6.0 billion after specific items.
Key developments
- Impact of specific items, largely non tax-deductible, totaling EUR 7.6 billion, comprising:
– Revenue impact of EUR 649 million from impairment of the 19.99% stake in Hua Xia Bank
– Noninterest expense impact of EUR 7.0 billion: impairment of goodwill and other intangible assets of EUR 5.8 billion
– Litigation charges of EUR 1.2 billion
- Before goodwill/intangibles impairment, costs down by EUR 322 million FX adjusted
- Litigation reserves increased by EUR 1 billion to EUR 4.8 billion
- CET1 ratio of 11.5% includes introduction of Prudent Valuation (PruVal)
- RWA reduced by EUR 8 billion to EUR 408 billion vs. 2Q2015
Click 3Q2015_Earnings_Release_engl.29.10.2015 for the full results.
Source: Deutsche Bank
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