Deutsche Bank (DB) has reduced its exposure to companies that are sensitive to the US tariffs imposed by the Trump administration, Bloomberg reported Thursday, citing Deutsche's chief financial officer, James von Moltke.
"We have selectively reduced risk and customer limits in tariffs-sensitive sectors and downgraded individual customer ratings," Moltke was quoted as saying during the German lender's annual shareholders meeting.
Deutsche's overall quality of its loan book is stable, Moltke told investors at the meeting, the report said.
Deutsche Bank did not immediately respond to MT Newswires' request for comment.
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