Deutsche Bank to Strengthen Capital Ratio by Cutting Risk

Deutsche Bank AG, Germany’s biggest bank, said it will reduce risk to meet a 2013 capital-ratio goal after second-quarter profit missed analysts’ estimates on expenses tied to a weaker euro.

Net income fell to about 700 million euros ($847 million) from 1.2 billion euros a year earlier, according to preliminary results the Frankfurt-based lender disclosed in a statement yesterday. That missed the 999 million-euro average estimate of six analysts surveyed by Bloomberg. Pretax profit slid to about 1 billion euros from 1.8 billion euros. That compares with analysts’ estimate of 1.5 billion euros.