Deutsche Bank said on Monday that its new €500 million share buyback program will begin on August 25. The largest German lender had announced the new stock repurchase program as part of its second-quarter earnings release. The program will be funded from current-year net profit and is already fully covered by existing capital deductions. Deutsche's prior €1.0 billion buyback program ended with 35.7 million shares repurchased, representing 1.87% of the share capital, at a volume-weighted average price of €28.00 per share.
Deutsche Bank AktiengesellschaftDeutsche Bank announces new €500M buyback program starting August 25, funded from current-year net profit.
