Deutsche Bank CFO: regulation has priority over dividend - paper
FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) said its dividend payouts will only rise once bank rules have been fulfilled, Chief Financial Officer Stefan Krause told Frankfurter Allgemeine Sonntagszeitung.
"At the moment, building capital and adjustments for new regulatory requirements take priority," Krause told the paper in response to a question about dividends. "As soon as this has been completed, dividends which were lowered during the crisis, will once again rise."
Deutsche Bank is under pressure to meet a bank safety rule known as the leverage ratio which penalizes lenders with large balance sheets.
One way to improve a bank's capital position is to reduce the assets on its balance sheet. Krause reiterated Deutsche will cut about 250 billion euros worth of assets from the balance sheet.
(Reporting by Edward Taylor; editing by Keiron Henderson)
- Missing jet may have strayed toward Andaman Sea: Malaysian air force |
- Malaysia military source says missing jet veered to west |
- Toddler found with heroin at New Jersey daycare center
- Ukraine appeals to the West as Crimea turns to Russia |
- Special Report: How China's official bank card is used to smuggle money |