12:53 PM EDT, 05/15/2024 (MT Newswires) -- Deutsche Bank ( DB ) said a second share buyback this year is "less likely" given new provisions of up to 1.3 billion euros ($1.41 billion) that it announced recently, Bloomberg News reported Wednesday, citing a company document.

According to the report, Deutsche Bank ( DB ) had reiterated its plans for a second buyback program just a day before it announced the provisions. Apart from the share repurchases, the company said its other capital distribution plans are unchanged, Bloomberg added.

Deutsche Bank ( DB ) previously said it targets 1.6 billion euros in capital distributions this year, including dividends and the 675 million-euro share buyback program that it announced in March.

Deutsche Bank ( DB ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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