Deutsche Bank likely to request €17bn at AGM

Media reports suggest Deutsche Bank will request permission to raise up to €17bn for the purpose of acquisitions.

The request is likely to take place at the bank’s annual general meeting tomorrow, a German newspaper that holds a copy of the meeting’s agenda reports.

The bank is likely to ask for permission for a rights issue for around €4bn in addition to a possible €4bn capital hike approved two years ago.

It is suspected an additional €9bn will be raised through issuing participation rights and bonds.