Darker credit forecast forces Deutsche’s PCLs up to €161m

Provisions for credit losses rise from €94m in the year-ago quarter

The amount of cash that Deutsche Bank put aside to cover expected credit losses in the second quarter of this year was 14% higher than in Q1, as its macroeconomic forecast darkened and its loan book grew. 

Total provisions for credit losses (PCLs) hit €161 million ($179 million) for the three months to end-June, up from €141 million in Q1 2019, and €94 million in the year-ago quarter. Total loans held at amortised cost climbed quarter-on-quarter by just 1% to €415 billion, and by 6% year-on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here