Deutsche Bank CFO:No Rush To Move Quickly On Postbank Deal

Date : 10/29/2009 @ 6:07AM
Source : Dow Jones News
Stock : Deutsche Bank AG (ADS) (DB)
Quote : 74.68  -1.19 (-1.57%) @ 7:09PM
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Deutsche Bank CFO:No Rush To Move Quickly On Postbank Deal

FRANKFURT -(Dow Jones)- Deutsche Bank AG (DB) isn't in a rush to acquire additional stakes in Deutsche Postbank AG (DPB.XE), where it is currently working on due diligence and an integration process, Chief Financial Officer Stefan Krause told analysts Thursday.

Deutsche Bank currently owns around 25% in Postbank and has an agreement to acquire a majority share in the bank from Deutsche Post AG. (DPW.XE)

Krause was answering questions for analysts following the release of Deutsche Bank's third-quarter earnings.

Although it is uncertain which leverage ratio regulators will require banks to maintain in the future, Krause said Deutsche Bank is fairly confident that a 25% leverage ratio will be deemed sufficient.

The leverage ratio measures a bank's debt relative to its total equity and is seen as a good gauge of a bank's long-term health.

Company Web site: http://www.db.com

-By William Launder; Dow Jones Newswires; +49 69 29 725 515; william.launder@dowjones.com

 
 

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