Bulletin: Deutsche Bank Reports Good Restructuring Progress

LONDON (S&P Global Ratings) Dec. 9, 2020--S&P Global Ratings notes the good progress that Deutsche Bank reported today in its Investor Deep Dive presentations. Amid weakened operating conditions arising from the COVID-19 pandemic, the management team appears to have ensured that the bank's restructuring remained on track--a journey that started in 2019 and is due to conclude in 2022. Buoyant capital markets activity earlier in 2020 and strong client demand for risk management solutions supported the bank's revenue base through the first nine months. We anticipated that Deutsche Bank would demonstrate relatively stronger asset quality performance than many European bank peers, and this appears likely to play out in practice. Throughout the year, the bank also maintained sound capital and

...December 9, 2020 LONDON (S&P Global Ratings) Dec. 9, 2020--S&P Global Ratings notes the good progress that Deutsche Bank reported today in its Investor Deep Dive presentations. Amid weakened operating conditions arising from the COVID-19 pandemic, the management team appears to have ensured that the bank's restructuring remained on track--a journey that started in 2019 and is due to conclude in 2022. Buoyant capital markets activity earlier in 2020 and strong client demand for risk management solutions supported the bank's revenue base through the first nine months. We anticipated that Deutsche Bank would demonstrate relatively stronger asset quality performance than many European bank peers, and this appears likely to play out in practice. Throughout the year, the bank also maintained sound capital and liquidity buffers, after a slight dip in related metrics at end-March. Consistent with our unchanged view of a negative trend for economic risk in Germany and many other major European economies,...

Bulletin