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ISIN code: DE0005140008
Sector: Finance
Industry: Major banks
Le actions of Deutsche Bank are listed on the German market under the ticker DBK.
View the stock's listing history on the Xetra index
Company Description
Deutsche Bank AG (abbreviated DB) is a German multinational banking company. The head office is in Frankfurt. It is one of the world's leading banking groups. As of 2020, it is the 21st largest bank in the world by total assets and 63rd by market capitalization. It is considered a systemically important bank by the Financial Stability Board.
Deutsche Bank operates in 60 countries worldwide with a network of 1.891 branches. The total employees, as of the second half of 2021, are 83,797. The main market is Europe but it has a significant presence in the Americas and in the Asia-Pacific area.
La bank has four main divisions:
- Commercial bank
- Investment bank
- corporate banking
- Asset and wealth management
The main revenues they are distributed as follows: investment bank (37,5%), commercial bank (32,8%), corporate banking (20,7%) and asset and wealth management (9%).
Deutsche Bank has been present in Italy since 1977. The General Management of Deutsche Bank in Italy is in Milan in Piazza delcalendar (Bicocca). Over the years it has acquired the Bank of America and Italy (1986) Popular Bank of Lecco (1994) Finance & Future (1995) and Milan Mortgages (1996). Italy is the first European market after the German one. The bank on Italian soil has 600 points of sale with 3.500 employees and 1100 financial advisors. Customers are over 2,2 million. In 2013 he created the Deutsche Bank Italy Foundation, the first outside the German borders.
Deutsche Bank is listed on the Frankfurt Stock Exchange and is part of the DAX and Euro Stoxx 50 stock indexes. It has also had a listing on the New York Stock Exchange since 2001.
- institutional investorsi represent 76% of the bank's share capital. Geographically, 46% of the share capital comes from Germany.
In November 2021, i major shareholders of Deutsche Bank result:
- Blackrock, 5,23%
- The Capital Group Companies, 5,20%
- Douglas L. Braunstein (Hudson Executive Capital, LP), 3,18%
- Hamad Al Thani, 3,05%
- Hamad Bin Khalifa Al Thani, 3,05%
- Stephen A. Feinberg (Cerberus Capital Management, LP), 3,00%
- The Vanguard Group, 2,40%
- Amundi, 1,79%
- Deutsche Bank Aktiengesellschaft, 1,44%
- Deka Investment GmbH, 1,26%
- Lyxor International Asset Management SAS, 1,21%
- Goldman Sachs Group, Inc., 1,16%
- Bank of America Corporation, 0,70%
La Al Thani family, which represents the Qatari royal family, has been a shareholder of DB since 2014.
In May 2017, HNA Group, a Chinese conglomerate, through the C-Quadrat Investment AG, had become DB's largest shareholder with a 10% stake. In 2019, HNA exits the shareholding by selling its last shares of Deutsche Bank. In January 2021, HNA Group filed for bankruptcy after unsuccessfully trying to restructure its debt.
Turnover in 2020 was 24,028 billion euros with a profit of 624 million. At the end of 2020, Deutsche Bank managed €568 billion of deposits and €527,9 billion of loans.
Economic and financial analysis of the company
Deutsche Bank was founded in Berlin in 1870 as a bank specializing in foreign trade financing and the promotion of German exports. Before Deutsche Bank was founded, German importers and exporters depended on British and French banking institutions in world markets.
The first national branches were opened in Bremen (1871) and Hamburg (1872). In 1873 the first branch abroad was opened in London.
During the banking crisis of 1873, DB absorbed several banks including the Deutsche Union Bank and the private bank Dellbrück in Frankfurt which was renamed Frankfurt Bankverein.
In 1886 the Deutsche Überseeische Bank to exploit the South American markets and in 1889 the Deutsch-Asiatische Bank for the Asian market.
In 1894 he was among the founders of Banca Commerciale Italiana.
The main foreign investments were in the railways. DB participates in the establishment of the Northern Pacific Railway in the United States and the Baghdad Railway in the Ottoman Empire.
In Germany, the placement of the bonds of the steel mills took place Krupp and followed the listing of Bayer at the Berlin Stock Exchange. It formed alliances with large regional banks and new national branches were opened.
In the early twentieth century it opened several branches in South America.
In 1904, the Deutsche Petroleum Aktiengesellschaft which was involved in oil and gas activities.
The First World War brought serious consequences to the bank. Many foreign branches were closed and investments, especially those in the railways, abandoned. DB's activities focused on the domestic market by incorporating various regional institutes.
In 1926 he played an important role in the merger between Daimler e Benz.
In 1929 the merger with the historical rival, the Disconto-Gesellschaft taking the name of Deutsche Bank and Disconto-Gesellschaft (DeDiBank). It was the only German bank to avoid government aid during the German banking crisis of 1931.
In 1937 it changed its name again to Deutsche Bank.
During the Second World War he managed various European banks: the "Bohemian Union Bank" in Prague, the "Banking Union" in Yugoslavia, the "Albert de Barry Bank" in Amsterdam, the Greek National Bank in Athens, the Creditanstalt in Vienna , the “Germano-Bulgarian Credit Bank” in Bulgaria and the Comercială Română Bank in Bucharest.
At the end of the war, the Allies ordered the breakup of Deutsche Bank into ten regional banks.
In 1952 the ten banks were re-merged into three larger banks: the Norddeutsche Bank AG; Süddeutsche Bank AG; and the Rheinisch-Westfälische Bank AG.
In 1957, the three banks merged to reform the Deutsche Bank AG with the new headquarters in Frankfurt.
In 1959, DB opened up to the retail banking sector by introducing small personal loans.
In the seventies it returned to expand abroad. He opens new offices in Milan Moscow, London, Paris and Tokyo.
In 1986 it acquired for 603 million dollars the Bank of America and Italy.
In 1989, he acquired the investment bank Morgan Grenfell & Co., based in the UK; in 1994 it will be renamed Deutsche Morgan Grenfell.
In November 1998 he agrees to buy Bankers Trust, a historic American banking organization, for 10,1 billion dollars.
In 1993, in Italy, he bought the Popular Bank of Lecco by Banca Popolare di Novara for approximately 476 million dollars and in 1999 enters with a minority stake in Savings Bank of Asti. It also acquires Milan Mortgages Spa, which became Deutsche Bank Mutui, e Finance & Futuro Bank, the Bank's financial advisors network.
On June 4, 1999, Deutsche Bank merged Deutsche Morgan Grenfell and Bankers Trust to create Deutsche Asset Management (DAM).
In 2001 Deutsche Bank was listed on the New York Stock Exchange. Merges its mortgage banking business with that of Dresdner Bank and Commerzbank to form Eurohypo AG.
In 2002, it strengthens its presence in the United States by purchasing Scudder Investmentss while in Europe it acquires the private bank Rued Blass & Cie.
In 2005, he took over the Russian investment bank United Financial Group. It sells its stake in Eurohypo AG to Commerzbank.
In 2006 Deutsche Bank bought the brand Norisbank by DZ Bank for 420 million euros and the Berlin Bank by the regional bank Landesbank Berlin for 680,5 million euros.
In 2008 he acquired 30% of the capital of Deutsche Postbank for 2,8 billion euros.
In 2009 he detects Ps. Oppenheim, the third oldest private bank in Germany, for 1 billion euros. The Sal. Oppenheim will become a division of DB.
Between 2010 and 2012, it took over the majority and the rest of the stake in Deutsche Postbank. The total cost of the operation was 6 billion euros.
In 2012, Norisbank GmbH was transformed into a purely direct bank.
In 2013 in Milan was born the Deutsche Bank Italy Foundation, the first outside the German borders.
In 2014 Qatari royal family enters the share capital of the bank.
In 2017, the largest shareholder of Deutsche Bank becomes HNA Group, a Chinese conglomerate, which owns 10% of the shares.
The used vehicle dealer Auto1 enter into a partnership with Allianz and Deutsche Bank to build a platform for loans and refinancing.
in 2018 Deutsche Postbank is merged with the DB Privat- und Firmenkundenbank division, a subsidiary of Deutsche Bank.
In 2018, after closing in the red for the third consecutive year, the bank decided on an organizational reorganization: it scaled down its international activities and paid more attention to the commercial banking and asset management division in Europe. The reorganization also leads to the dismissal of numerous employees to contain costs.
In the summer, after losing about 38% of the stock market capitalisation, Deutsche Bank exits the Euro Stoxx 50, the main European index which collects the top fifty stocks.
At the beginning of 2019, negotiations for the merger between Deutsche Bank and Commerzbank, the two largest German banks. In March The German finance minister, Olaf Scholtz, confirms the merger but the main shareholders oppose it. The merger officially jumped on April 25, 2019. The main cause of the failed merger is the capital increase of at least 10 billion and the expected 30.000 redundancies.
In July 2019 the restructuring plan which provides for a cut of 18.000 jobs by 2022 (one fifth of the total), downsizing in investment banking with the exit from the sales and brokerage of securities and fixed income activities, creation of a bad bank in which to collect the non-performing assets (74 billion euros, not all impaired). The cost of the operation amounts to 7,4 billion euros.
Hna Group decides to exit the Deutsche Bank shareholding by selling its stake. During 2019 he sells his shares held through C-Quadrat Investment AG.
In February 2021, DB makes the first profit of 113 million euros, it is the first annual net profit recorded since 2014.
In March 2021, he privately sells the 4 billion euro stake in Archegos Capital Management.
Deutsche Bank is active in the field of art. The bank has one of the largest corporate-level collections of contemporary art in the world, with a collection of more than 60.000 works, called Deutsche Bank Collection, located in 900 bank showrooms including Frankfurt am Main, London, New York, Tokyo, Hong Kong and Milan.
The latest news about Deutsche Bank
Deutsche Bank loses 6% after the Court's ruling on the Postbank case
According to estimates, the Cologne court's assessment could have an impact on the accounts of the largest German bank in the order of 1,3 billion
Stock market January 15 latest news: Bloomberg bets on the sale of Commerz to Deutsche Bank
Weak European lists without the compass of Wall Street closed for holidays but banking earthquake in sight if Commerz really were to move to Deutsche - Germany in recession - Iveco flies to Piazza Affari
STOCK EXCHANGES TODAY MARCH 27: the US ready to sell with the Svb discount but tension on bonds and CDS remains high. Unicredit in action
The sale of SVB to First Citizen Bank seems imminent but the markets want to understand the Deutsche Bank effect while Unicredit asks the ECB for the possibility of repaying a 1 billion euro AT1,25 bond in early June
EXCHANGES CLOSURE 24 MARCH: Deutsche Bank, with a risky move on AT1 bonds, unleashes the storm on banks and stock exchanges
Rain of sales on banking stocks from all over Europe and Piazza Affari becomes the worst stock exchange in Europe: all the fault of a sudden move by Deutsche Bank on subordinated bonds which went into fibrillation after the zeroing of those of Credit Suisse
Deutsche bank: an early redemption operation was enough to shake the nerves of the lists
The German giant limited itself to saying that it would have redeemed a subordinated bond in advance. But the Credit Suisse crime is triggering tensions throughout the sector and every action is viewed with suspicion