RM-SYSTÉM»Události»Deutsche Bank - reports very limited Russia exposure
Deutsche Bank - reports very limited Russia exposure
Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) today provided details of its limited and substantially mitigated risk exposures to Russia and Ukraine, including risks arising from its local operations.
Deutsche Bank has reduced its Russian exposure and local footprint significantly since 2014, with further reductions in the past two weeks. “Our direct exposures are currently very limited and tightly managed. Second- and third-order effects of the current situation, including sanctions and cybersecurity risk, are being carefully evaluated and monitored,” said Stuart Lewis, Chief Risk Officer and Member of the Management Board.
Credit exposures to Russia and Ukraine account for a very small portion of the bank’s overall loan portfolio and are protected by a number of risk mitigants. These include offshore collateral and financial guarantees, while market risk exposures have been significantly reduced prior and subsequent to Russia’s invasion of Ukraine.
As of December 31, 2021, the bank’s credit exposure to Russia and Ukraine was as follows:
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