Deutsche Bank AG posted net profit of EUR1.08 billion ($1.39 billion) in the first quarter, compared with around EUR1.65 billion reported a year earlier and against analysts' estimates of EUR927 million.Revenue was EUR8.4billion.
Its core Tier 1 capital ratio, which is a closely watched gauge of the bank's financial health, was 9.5% at the end of March.A new regulatory charge imposed by the European Banking Authority will push the ratio down to around 9% in the second or third quarter, likely turning the bank into one of the weakest capitalized international banks.
Deutsche Bank is also grappling with a series of pending lawsuits that might result in charges later this year, further curbing its efforts to boost capital. Deutsche Bank may consider a capital increase to strengthen its balance sheet.
Its core Tier 1 capital ratio, which is a closely watched gauge of the bank's financial health, was 9.5% at the end of March.A new regulatory charge imposed by the European Banking Authority will push the ratio down to around 9% in the second or third quarter, likely turning the bank into one of the weakest capitalized international banks.
Deutsche Bank is also grappling with a series of pending lawsuits that might result in charges later this year, further curbing its efforts to boost capital. Deutsche Bank may consider a capital increase to strengthen its balance sheet.