Deutsche Bank is not planning any mergers or acquisitions in the next year and a half, chairman Mr Rolf Breuer said in an interview published today.
Mr Breuer, who steps down as Deutsche Bank chief next week, also forecast there would be cross-border tie-ups in the banking sector in the medium term but that German banks would not take the initiative in any such alliances.
"I'm not expecting mega-mergers of whole groups," he said. Cooperation agreements, partnerships and tie-ups in individual areas of business were more likely, Mr Breuer said.
"And here, it will probably more likely be the retail business and private banking rather than investment banking or corporate customers," he said.
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AFP