BRIEF-New Venturetec H1 net loss narrows to $0.65 million
* CLOSED THE FIRST SIX MONTHS OF THE FISCAL YEAR 2016/17 WITH A LOSS OF USD 650,515 COMPARED WITH A LOSS OF USD 52,298,743 IN THE SAME PERIOD 2015/16
FRANKFURT, March 5 Deutsche Bank expects the re-integration of its Postbank unit to take three to five years, its chief executive said after Germany's top lender announced plans for an 8 billion euro ($8.5 billion) rights issue and a structural shake-up.
The cost to re-integrate Postbank, which Deutsche had previously wanted to sell, is likely to be between 1.5 billion euros and 2 billion euros, the bank's retail head added in a call with journalists.
The bank also said the market environment in Germany is getting better, with prices improving for banking services.
"The overall mix of businesses becomes a little more stable ... A bit more predictable," Chief Executive John Cryan said on the rationale for keeping Postbank. ($1 = 0.9416 euros) (Reporting by Arno Schuetze; Writing by Victoria Bryan and David Goodman)
* CEO forecasts FY rent values to be flat to down 7.5 percent on a like-for-like basis