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Market Chatter: Deutsche Bank Sees Q2 Credit-Loss Provisions Slightly Above Consensus

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Deutsche Bank (DB) may set aside more money for loan losses than analysts expected in Q2, although provisions are expected to be lower than in the previous quarter, Bloomberg News reported Wednesday, citing Chief Financial Officer Raja Akram.

The bank is taking a roughly 100 million euros ($116 million) charge to exit non-performing exposures, but Akram said the resulting improvement in the bank's capital position will more than offset the impact of the charge, the report said.

He expects year-over-year growth in the bank's fixed-income, currencies, and financing businesses, as well as projects the bank's common equity Tier ratio to remain in the middle of its 13.5% to 14% target range this year, with levels above 14% likely occurring after 2026, the report said.

Deutsche Bank didn't immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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