A few weeks ago we started talks with Commerzbank to consider a combination of our two banks. We have consistently said that we want to play an active role in the consolidation of the European banking sector. For that reason, we decided to evaluate this option thoroughly.
Our discussions with Commerzbank were very intense and took place in a constructive and mutually respectful atmosphere. However, we have now decided not to pursue this possibility further. How did we reach this conclusion?
We were always clear that we needed to be conv
Frankfurt am Main, April 25, 2019 – After careful analysis, the Management Board of Deutsche Bank has concluded today that a combination with Commerzbank would not have created sufficient benefits to offset the additional execution risks, restructuring costs and capital requirements associated with such a large-scale integration. As a result, the two banks have decided to discontinue discussions.
Deutsche Bank will continue to review all alternatives to improve long-term profitability and shareholder returns.
For the first quarter of 2019, Deutsche Bank expects to report
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) and Commerzbank decided today to discontinue their discussions concerning a combination of their businesses. After careful analysis it became apparent that such a combination would not be in the interests of either bank’s shareholders or other stakeholders.
“It made sense to evaluate this option for domestic consolidation in Germany. However, we were always clear: we needed to be convinced that any potential combination would generate higher and more sustainable returns for shareholders and allow us to enhance our value propositi