Deutsche Bank withdraws from Britain’s €300 billion – media

Deutsche Bank выведет из Британии €300 млрд - СМИ

Reasons for this decision is the outflow of customers and assets due to Brexit.

Germany’s largest commercial Bank, Deutsche Bank AG can withdraw 300 billion euros from the balance of your British division in Frankfurt, writes Bloomberg, citing a source.

Reasons for this decision is the outflow of customers and assets on the continent after the decision on the withdrawal of Britain from the European Union.

The Bank is going to start the transfer of assets in September 2018, and it expects to complete in March 2019. To inform customers about this he will begin September of this year, says the Agency.

According to Bloomberg – 300 billion euros is in fact one fifth of the balance sheet of Deutsche Bank.

Previously CEO of Deutsche Bank John Cryan stated that it is going to heavy withdrawal of Britain from the EU and that most of the transactions that the Bank holds in London, can be transferred to Frankfurt.

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