Commences €675 million stock repurchase plan on our website
Deutsche Bank Announces Expanded €675 Million Share Buyback Program for 2024
Deutsche Bank has unveiled plans for a €675 million share buyback program in 2024, as part of a broader capital distribution strategy. This move is aimed at returning excess capital to shareholders while maintaining strong capital ratios, complementing dividends and additional shareholder distributions as the bank targets sustainable financial performance and enhanced shareholder value.
This buyback forms part of Deutsche Bank's Global Hausbank strategy, which positions the bank as a trusted home bank for clients worldwide by combining local presence with international expertise. The strategy focuses on capital efficiency, organic growth, and generating excess capital that supports share buybacks and dividends without compromising financial strength.
Key details of the buyback program include:
- The total distribution target from 2021-2025 stands at €8 billion, funded by organic capital generation and improved capital efficiency.
- Deutsche Bank maintains a strong CET1 (Common Equity Tier 1) ratio above 14%, ensuring capital adequacy while distributing capital to shareholders.
- The share buyback program is executed alongside a progressive dividend policy, such as the €0.68 dividend per share paid for fiscal 2024.
- This approach reflects the bank’s commitment to balance growth, capital discipline, and shareholder returns within its Global Hausbank framework.
The new share buyback program, approved by the European Central Bank, will commence on March 4, 2024, and is scheduled for completion by July 23, 2024, at the latest. The volume of the new program is 50% higher than the bank's €450 million share buyback program completed in 2023.
Deutsche Bank aims to make capital distributions to shareholders of €1.6 billion in 2024. With this move, the bank is well positioned to exceed its distribution goal of €8 billion paid in 2022-2026.
Chief Financial Officer James von Moltke stated that substantial and growing capital distributions to shareholders are a cornerstone of Deutsche Bank's Global Hausbank strategy. This year's capital distributions, including the proposed dividend of 45 cents per share in respect of 2023, will bring total distributions since 2022 to €3.3 billion.
Deutsche Bank will provide weekly updates on the share buyback program on its Investor Relations page. The share buyback program's details can be found on a specific location on the bank's website. In summary, the €675 million share buyback for 2024 is a strategic financial management tool aligned with Deutsche Bank's goal to be a leading global relationship bank, delivering sustainable profitability and attractive returns to shareholders through disciplined capital allocation.
Investing in Deutsche Bank's shares for 2024 could be an attractive opportunity due to the expanded €675 million share buyback program, which aims to return excess capital to shareholders. This program, part of the bank's broader capital distribution strategy, complements dividends and additional shareholder distributions as it targets sustainable financial performance and enhanced shareholder value.
The bank's Global Hausbank strategy emphasizes capital efficiency, organic growth, and generating excess capital that supports share buybacks and dividends, without compromising financial strength. With a total distribution target of €8 billion from 2021-2025, Deutsche Bank is well positioned to exceed its distribution goal of €8 billion paid in 2022-2026.
