STOCK TITAN

Deutsche Bank Increases Prime Lending Rate to 4.00%

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Deutsche Bank announced an increase in its prime lending rate from 3.50% to 4.00%, effective May 5, 2022, indicating a significant adjustment in their lending policy. This change reflects current financial market conditions and could impact borrowing costs for clients. The bank continues to be a major player in commercial and investment banking, serving various sectors globally, including Europe, the Americas, and Asia Pacific.

Positive
  • Increased prime lending rate could enhance profit margins due to higher interest income.
Negative
  • Higher lending rates may deter borrowing and impact loan demand.

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank today announced that its New York Branch, Deutsche Bank New York (DBNY), and its subsidiary Deutsche Bank Trust Company Americas (DBTCA) have increased their prime lending from 3.50% to 4.00% effective tomorrow, May 5, 2022.

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 11 March 2016 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

Deutsche Bank

Dylan Riddle

Dylan.Riddle@DB.Com

212-250-4982

Press and Media Relations

Source: Deutsche Bank

FAQ

What is the new prime lending rate for Deutsche Bank effective May 5, 2022?

The new prime lending rate for Deutsche Bank is 4.00%, increased from 3.50%.

How does the increase in prime lending rate affect Deutsche Bank?

The increase may enhance profit margins due to higher interest income but could also reduce loan demand.

Which branches of Deutsche Bank are affected by the new lending rate?

The new lending rate affects Deutsche Bank New York and Deutsche Bank Trust Company Americas.

Why did Deutsche Bank raise its prime lending rate?

The increase is likely a response to current financial market conditions.

Deutsche Bank Aktiengesellschaft

NYSE:DB

DB Rankings

DB Latest News

DB Stock Data

34.34B
2.01B
7.94%
48.07%
0.77%
Banks - Regional
Financial Services
Link
United States of America
Frankfurt am Main