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Deutsche Bank chairman spends almost €1M on bank's shares


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Deutsche Bank chairman spends almost €1M on bank's shares

Deutsche Bank AG's chairman Paul Achleitner spent roughly €992,380 on Aug. 2 to purchase shares in his own bank, Reuters reported the same day, citing a regulatory filing.

The amount is higher than his entire fixed 2018 salary of €858,333 and thus is not part of annual compensation in shares, rather a personal investment, the report said.

Deutsche CEO Christian Sewing has also said he will spend a "substantial" part of his fixed salary on the company's shares to indicate his confidence in the bank.

Achleitner bought the shares at €6.84 per share, according to the filing seen by the newswire.