Deutsche Bank cut liquidity buffer in 2019
Cash balance dropped €49 billion last year
High-quality liquid assets (HQLA) fell 12% at Deutsche Bank in 2019, as the lender put more of its cash to work.
The German giant cut average HQLA by €31 billion ($34.3 billion) between Q4 2018 and Q4 2019, to €219 billion total. This contributed to a three percentage point erosion of its liquidity coverage ratio (LCR), to 142%.
The bank stated that it offloaded cash and cash equivalents of €49 billion over the course of the year, which explained the bulk of the HQLA decrease.
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