Deutsche Bank said on Friday that it was “conducting preparatory steps for a potential capital raise of around Euros 8bn” and various other “potential strategic measures” as it bids to revive its fortunes after a torrid 12 months.
Alongside the capital increase, Germany’s biggest lender said that it was considering raising further funds by selling a minority stake in its asset management arm. It is also mulling keeping Postbank, the German post office bank, which it had said in 2015 that it intended to sell.
Deutsche said that a final decision had not yet been made and that implementation was “subject to market conditions and approval by the Management Board and the Supervisory Board”.
Deutsche’s capital position has come under intense scrutiny over the last 18 months, and the bank has posted big losses in the past two years. It recorded a net loss of Euros 6.8bn in 2015, and another loss of Euros 1.4bn last year.