Deutsche Bank sets aside $280 million to deal with the impact of coronavirus

Here are other key metrics released in the report:CET 1 ratio hit 12.8% versus 13.7% a year ago

The bank also set aside a total of 506 million euros in provisions for credit losses, which included about 260 million euros related to Covid-19. This is a figure that is being closely watched by investors this earnings season as banks prepare for the financial impact of the globalFor the the full-year, the German bank said it expects provision of credit losses of 35-45 basis points of loans.

Deutsche Bank also reported higher revenues in investment banking, boosted by a 13% increase in its fixed income and currencies division, and in its private bank business. However, the corporate bank unit and asset management were flat versus the prior year.

$280 million? That will cover one bad loan on one New York high rise development HA! finance wsj debt coronavirus COVID19

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