Deutsche Bank 2017 Capital Requirements Lowered in ECB Review
- Joins other European banks benefiting from lower requirements
- ECB’s review results come days after bank settled DoJ probe
Deutsche Bank, Credit Suisse Settle With DOJ
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Deutsche Bank AG will have to clear a lower capital hurdle next year, joining other European lenders who are benefiting from a change in how the European Central Bank sets the requirements.
The lender’s minimum phase-in common equity tier 1 ratio, a measure of financial strength, was set at 9.51 percent for next year in the ECB’s Supervisory Review and Evaluation Process, or SREP, Frankfurt-based Deutsche Bank said Tuesday in a statement. That’s down from the current requirement of 10.76 percent and below the bank’s last reported CET1 ratio of 12.58 percent.