STOCK TITAN

Deutsche Bank Increases Prime Lending Rate to 5.50%

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

Deutsche Bank's New York Branch (DBNY) and Deutsche Bank Trust Company Americas (DBTCA) have raised their prime lending rate from 4.75% to 5.50%, effective July 28, 2022. This adjustment reflects the bank's response to prevailing market conditions. Deutsche Bank is a leading financial institution in Germany, providing a wide range of banking and asset management services across Europe, the Americas, and Asia Pacific. Caution is advised, as future results may differ due to inherent market risks and uncertainties.

Positive
  • Increase in prime lending rate to 5.50%, which may enhance profit margins.
Negative
  • Possible negative impact on borrowing costs for consumers and businesses, potentially affecting loan demand.

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank today announced that its New York Branch, Deutsche Bank New York (DBNY), and its affiliate Deutsche Bank Trust Company Americas (DBTCA) have increased their prime lending from 4.75% to 5.50% effective tomorrow, July 28, 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 July 28, 2022?

The new prime lending rate for Deutsche Bank is 5.50%, increased from 4.75%.

How might the increase in prime lending rate affect Deutsche Bank's business?

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

What are the key services provided by Deutsche Bank?

Deutsche Bank offers commercial banking, investment banking, retail banking, transaction banking, and asset management services.

Why should investors be cautious after Deutsche Bank's prime lending rate increase?

Investors should be cautious due to potential market risks that could impact actual results.

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