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Deutsche Bank does not see any risks in Russian business

Deutsche Bank does not see any risks in Russian business

Deutsche Bank does not see any risks to its business in Russia as a result of the conflict in Ukraine. The DAX Group said late Wednesday that the commitment was “very limited and largely secured”. The bank has significantly reduced its presence and exposure in Russia since 2014 and reduced it again in the past two weeks. “Our direct risk positions are currently very limited and tightly managed,” said Stuart Lewis, Chief Risk Officer.

Specifically, net credit exposure to Russia is 0.6 billion euros after taking into account guarantees and guarantees. The lion’s share is accounted for by large Russian companies that have significant trade and cash flows outside Russia. The total loan commitment is 1.4 billion euros, which is about 0.3 percent of the total loan portfolio. Thus the net exposure to Ukraine amounted to 42 million euros (total 0.6 billion euros).

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