FRANKFURT: Shares in Deutsche Bank soared by more than 7.0 percent on Tuesday after Germany's biggest lender unveiled a 2.8-billion-euro capital hike and a sharp rise in first-quarter profits.
Deutsche Bank shares leapt by 7.9 percent to an intraday high of 35.49 euros in early trading on the Frankfurt stock exchange but subsequently fell back slightly to show a gain of 6.25 percent.
Late Monday, Deutsche Bank said it would raise around 2.8 billion euros ($3.65 billion) in fresh funds to strengthen its foundations in line with tougher international banking criteria.
Deutsche Bank could issue up to 90 million new shares, a statement said, rasing its core Tier 1 capital ratio from 8.8 percent to around 9.5 percent as so-called Basel 3 rules require banks to boost their capital buffers to protect against possible future shocks to the global financial system.
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