Deutsche Bank Flags Higher Q2 Loan-Loss Provisions Than Consensus as It Cleans Up Balance Sheet
Updated
Updated · Bloomberg · Jun 3
Deutsche Bank Flags Higher Q2 Loan-Loss Provisions Than Consensus as It Cleans Up Balance Sheet
1 articles · Updated · Bloomberg · Jun 3
Summary
Q2 credit-loss provisions at Deutsche Bank will likely come in slightly above analyst consensus, CFO Raja Akram said at an investor conference on Wednesday.
Those reserves are still expected to decline from the prior quarter, but the bank is setting aside more than expected as souring loans pressure its balance sheet.
The guidance points to continued credit-quality strain even as Deutsche Bank works through problem assets and tries to strengthen its balance sheet.