German Deutsche Bank, the ratings of which were downgraded by S&P Global Ratings due to lagging behind its competitors, could lose about 200 million euros of revenue per year, as it is forced to pay more when placing bonds than its competitors. Shares of the bank, which fell this year by 39%, will be excluded from the Euro Stoxx 50 index from the end of September. Against the backdrop of the current situation, Deutsche Bank management decided to reduce the cost of fund raising, the Financial Times writes referring to sources familiar with the situation. Analyst at Goldman Sachs, Gurney Ochamen, supported the decision of Deutsche Bank, noting that the bank's advantage over its competitors was always its ability to “raise funds at lower rates”.
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