|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Deutsche Bank AG Announces Share Buy-Back Program Jun 02
Standard & Poors, June 2002
Abstract
Deutsche Bank AG (AA-/Stable/A-1+) today announced that it has started to buy back up to 10% of its share capital, intending to improve the group's ROE and earnings per share. This is in line with Standard & Poor's expectations and will have no impact on the ratings on Deutsche Bank. The program is part of Deutsche Bank's capital strategy, and it has to be seen in context with the accelerated disposal of nonstrategic shareholdings. These disposals will lead to sizable tax-free gains, and a strong increase in retained earnings. Parts of these gains will be returned to the shareholders through the share buy-back program. However, Deutsche Bank remains committed to maintain sound capital levels that are consistent with its risk...
Companies mentioned in this report are: Deutsche Bank AG
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
