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Deutsche Bank considers alternatives to Postbank IPO; CFO FRANKFURT: Deutsche Bank will consider alternatives to an initial public offering when divesting its retail Postbank business, Chief Financial Officer Stefan Krause said."It's the basis of our thinking right now to follow the IPO route," he said during a conference call with analysts to discuss the bank's strategic revamp."We don't rule out any alternative," he added.An IPO is seen as the safer path and potential proceeds are not the main driver for an exit of the business Deutsche Bank bought only seven years ago."The big benefit from the Postbank (divestment) does not come from the sales price, the big benefit comes from the RWA (risk-weighted assets) release," Krause said.Deutsche Bank declined to comment on the status of its stake in China's Hua Xia Bank, but Chief Executive Anshu Jain said that the bank remains committed to China.Germany's flagship lender has received at least one offer from a Chinese financial institution ...

Deutsche Bank Q1 profit falls by half as legal charges bite FRANKFURT: Deutsche Bank saw net profit fall by half to 559 million euros ($608.1 million) in the first quarter versus a year ago as hefty legal charges eroded gains from a 24 percent rise in revenue to a near record of 10.4 billion euros. The group's investment bank saw revenue increase but its pre-tax contribution to the group's bottom line fall by more than half to 643 million euros due to rising non-interest expenses. A ...
India central bank chief Rajan calls for formal financing routes for farmers MUMBAI: Reserve Bank of India Governor Raghuram Rajan called for an urgent expansion of formal financing routes for farmers after a spate of suicides in the country, the Business Standard said on Saturday, citing the Press Trust of India."It is lack of formal financing rather than the excessive burden of informal financing which is the problem. So can we move formal financing to every area of the country," Rajan was quoted as saying.Prime Minister Narendra ...
HSBC expects progress this year on resolving past conduct issues LONDON: British bank HSBC said it expects to make progress on resolving past conduct issues this year. "As recent events have shown, there are a number of legacy issues left to resolve. We will make further progress on these in 2015," Chief Executive Stuart Gulliver told investors at the annual meeting in London. Gulliver also said the costs of operating a global business model had increased significantly in recent years, which had required the bank ...
HSBC bank launches review on whether to keep HQ in UK LONDON: Global banking giant HSBC on Friday said it had launched a review on whether to remain headquartered in Britain as the country tightens regulation of the sector.In a surprise announcement less than two weeks before Britain's general election, the Asia-focused bank again highlighted its concern about government policy to ring fence British banks' retail operations to protect them from their investment divisions. The board has "asked management to commence work to look at where ...
China opens bank card clearing sector to foreign firms BEIJING: China has announced plans that will allow giants such as Visa and MasterCard to set up credit card clearing services in the country, breaking the monopoly in a multi-trillion-dollar market foreign firms have been trying to tap for decades.In its latest move to further open up the world's number two economy, the State Council, China's cabinet, said Wednesday it will take applications from June 1 for a licence to run the business.The announcement comes ...
Deutsche Bank expects supervisor queries into media leaks FRANKFURT: Deutsche Bank is preparing for an investigation by regulator Bafin into the source of information in the media about its ongoing strategic discussions, it said on Wednesday. Deutsche, Germany's flagship bank, said it was preparing to begin its own audit in anticipation of queries by Bafin into how details of internal and private discussions appeared in the press. Deutsche launched a strategic review in December that is expected to result in the sale of ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln