Deutsche Bank to be hit by legal provision related to Postbank takeover

Deutsche Bank on Friday said it expected to be impacted by a legal provision in the second quarter of 2024 after the Higher Regional Court of Cologne indicated it may find claims of certain former Postbank shareholders linked to the unit's takeover valid.

The court's statements will impact Deutsche Bank's estimation of the probability of a future outflow and result in a legal provision, the bank said in a statement, which could be up to the estimated full amount of claims of approximately 1.3 billion euros ($1.39 billion).

($1 = 0.9348 euros)