Capital increase

Strengthening the capital base remained Deutsche Bank’s top priority in 2013. This was the main reason the bank decided to execute a capital increase on April 29, 2013, by issuing 90 million new shares from authorized capital, excluding pre-emptive rights. The shares were placed with institutional investors by way of an accelerated book build offering. The placement was made without any discount relative to the Xetra closing price of € 32.90 per share, and it was oversubscribed almost fivefold at this price. Aggregate gross proceeds were € 2.96 billion. This, in addition to other measures, helped to improve the bank’s Common Equity Tier 1 (CET 1) capital ratio (under full application of Basel 3 rules) during the year from 7.8 % to 9.7 %.

Tier 1 capital ratio (graphic)