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The share buyback will be completed in the first half of this year. The dividend has been set at 0.20 euro per share.
Germany’s largest lender last paid a dividend of 11 cents in 2019 for 2018.
Deutsche said the two moves will give shareholders around 700 million euros in capital.
It represents a “first step towards a previously announced commitment to return 5 billion euros of capital to shareholders over time”, the bank said.
($1 = 0.8862 euros)
