Deutsche Bank announced first-quarter results it said were above market expectations late on Sunday, but warned it might temporarily miss its capital requirement target as it extends more credit due to the impact of the COVID-19 pandemic.
) announced first-quarter results it said were above market expectations late on Sunday, but warned it might temporarily miss its capital requirement target as it extends more credit due to the impact of the COVID-19 pandemic.
Germany’s biggest lender said it was possible that the bank would fall “modestly and temporarily” below its previous common equity tier 1 target of at least 12.5% due to the current global recession sparked by the coronavirus. “Deutsche Bank remains committed to maintaining a significant buffer above its regulatory requirements at all times,” it said. “Deutsche Bank’s priority is to stand by its clients without compromising on capital strength.”
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