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Deutsche Bank finishes a €1 billion buyback and launches €500 million more
The bank completed its initial repurchase by Aug. 21, and the new program beginning Aug. 25 is funded from current year net profit, with management’s 60% payout target tied to 2026 profits.
Deutsche Bank has completed a €1 billion share buyback and has started a new program worth up to €500 million, according to Yahoo Finance. The August 21 completion followed the purchase of 35.7 million treasury shares, equivalent to 1.87% of its share capital, at a volume weighted average price of €28.
The new €500 million buyback began Aug. 25 and is scheduled to end no later than Dec. 11. Yahoo Finance reports it is the first buyback program funded from current year net profit, and it is distinct from legal cancellation since the shares remain in treasury.
Management’s 60% payout target refers to total dividends and buybacks as a percentage of net profit attributable to Deutsche Bank shareholders from 2026. Yahoo Finance says the earnings base is currently positioned to support the target, after second quarter profit after tax rose 10% year over year to €1.9 billion and first half profit reached a record €4.1 billion.
On capital, the bank’s Common Equity Tier 1 ratio was 13.9% at June 30 after deductions aligned with the 60% payout target, which Yahoo Finance says keeps Deutsche Bank within its intended operating range of 13.5% to 14%. Yahoo Finance adds that the €500 million program was already fully covered by existing capital deductions, and that completing it would bring 2026 buybacks to €1.5 billion versus €1 billion in 2025.