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21.3.13

Deutsche Bank adjusts 2012 earnings due to an allocation of 600 million euros

Deutsche Bank said on Wednesday, he amended profit before tax for 2012 to cut 600 million euros (773 million dollars) because of expenses new related claims lawsuit related to mortgage, and other investigations of regulatory bodies, and bank declined to delve into the causes raise funds for litigation to 2.4 billioneuros.


The move comes after the supervisory board meeting, Tuesday, after it said the Federal Financial Supervisory Authority in Germany, it would send the preliminary results to be achieved in the suspicion of manipulation in interbank interest rates to the German Ministry of Finance the end of March.

The bank said, his recommendation to dividends will remain as is and reiterated the target level of capital ratio of the first level at 8.5%.

The biggest German bank, said net profit last year amounted to 300 million euros (387 million dollars), a decrease of 400 million euros than previously reported, and added that the pre-tax profit fell to 800 million euros
Source: Reuters

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