Deutsche Bank publishes Annual Report 2017 and audited financial results

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today published its 2017 Annual Report. This includes an overview of Deutsche Bank, the Management Report and the bank’s audited consolidated financial statements for the financial year 2017. In addition, the bank today published its Non-Financial Report and Human Resources Report.In its audited results, Deutsche Bank reports a net loss for 2017 of 735 million euros, versus a net loss of 497 million euros in its preliminary and unaudited results published on 2 February 2018. Further analysis of deferred tax assets (DTAs) resulted in a valuation adjustment to the bank’s DTAs in the UK. This accounted for most of the difference between the bank’s preliminary and final audited results. Having reflected this adjustment in the 2017 financial statements, the bank also adjusted for less material accounting-related adjustments to its deferred compensation and pension liabilities. These adjustments are not material to the operating performance of the bank’s business divisions.

The Management Board and Supervisory Board will propose a dividend of 11 cents per share to the Annual General Meeting and confirm payment of AT1 coupons.

The bank’s Common Equity Tier 1 capital ratio (fully-loaded) was 14.0 percent at year-end 2017 versus 11.8 percent at the end of 2016. Risk weighted assets were reduced by 4 percent to 344 billion euros, versus 358 billion euros at the end of 2016.

John Cryan, Chief Executive Officer, said: “We remain committed to our objective of delivering a net profit and a competitive dividend payout for 2018. In the meantime we have established the basis for realising Deutsche Bank’s full potential.”

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