Deutsche Bank completes 675 million share buyback program
Deutsche Bank has completed its share buyback program announced on July 4, 2017.
Under the program, 675,015,306 shares were repurchased at an average price of EUR 14.52 per share, for a total consideration of EUR 9.8 billion.
The buyback program was conducted through a series of on-exchange and off-exchange transactions. Deutsche Bank used a combination of its own funds and the proceeds from the sale of its stake in Hua Xia Bank to fund the buyback.
The completion of the share buyback program is in line with Deutsche Bank's strategy to return capital to shareholders and reduce its share count. The buyback is expected to have a positive impact on Deutsche Bank's earnings per share and return on equity.
Deutsche Bank is a leading global investment bank with a strong presence in Europe, the Americas, and Asia Pacific. The bank offers a wide range of financial products and services to corporate, government, institutional, and private clients.
**Conclusion:** Deutsche Bank's completion of its share buyback program is a sign of the bank's commitment to returning capital to shareholders and improving its financial performance. The buyback is expected to have a positive impact on Deutsche Bank's earnings per share and return on equity.
Comments