Deutsche cuts funding plan by €5bn

摘要

Deutsche bank cut its 2019 issuance target by €5bn just days after its decision to rule out a potential tie-up with Commerzbank sent its funding costs higher. The German bank revised its 2019 plan down to €15bn-€20bn, reflecting "continued balance-sheet optimisation". With €8bn of funding already under its belt this year, around half of that target has already been met. Deutsche also said that maintaining its ratings is a primary focus for 2019.