Deutsche Bank Completes €450 Mn Share Buyback Programme
Deutsche Bank confirmed the successful conclusion of its €450 million share buyback programme, initially announced on 25 July 2023. Within the period of 2 August to 8 December, 2023, the bank repurchased 45.5 million shares, equivalent to 2.23 per cent of its share capital, at an average price of €9.88 per share.
With dividends totaling €0.6 billion distributed in May 2023, the overall distributions to shareholders in 2023 surpassed €1 billion. When considering the distributions made in 2022 and 2023, the total sum amounted to €1.766 billion.
These distributions indicate progress towards Deutsche Bank's objective of disbursing roughly €8 billion to shareholders for the financial years spanning 2021 to 2025. Alongside the third-quarter results announced on 25 October 2023, the bank revised its capital outlook, identifying the potential to release approximately €3 billion in additional capital by the end of 2025. This newfound capacity opens avenues for increased distributions, accelerated business investments and expanded initiatives.
