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    Deutsche Bank says does not plan to raise capital

    Reuters
    07.10.2008 - 16:55 | Son Güncelleme:

    Deutsche Bank does not plan to raise fresh equity, Germany's biggest bank said on Tuesday, dismissing market talk that it may increase its capital to strengthen its balance sheet at a time of market turmoil.

    In a brief statement Deutsche Bank reiterated that it expected a Tier 1 capital ratio of around 10 percent by the end of the third quarter "and consequently that no equity-raising measures are planned."

    The capital ratio refers to core capital as a percentage of risk-weighted assets and is a key indicator of a bank's financial strength.

    Deutsche Bank had come under sharp pressure amid market concern about a possible capital increase, even though a financial source had earlier told Reuters such talk was "complete nonsense."

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