Deutsche Bank is looking to increase its capital base with a partial initial public offering (IPO) of its asset management unit, a share sale and other assets sales.
Germany's largest lender, which posted billions of euros in losses the last two years, expects the partial public offering of Deutsche Asset Management to be completed within two years, according to a statement released Sunday.
The Frankfurt-based company has been struggling for years with litigation costs in the aftermath of the financial crisis and costs associated with restructuring its business mix.
The bank recorded a loss of 1.4 billion euros (1.5 billion dollars) in 2016 and a record loss of 6.8 billion euros in 2015.
The proposed IPO and share sale should enable the bank to keep its Postbank consumer banking subsidiary, which it had planned to sell under a previous restructuring proposal.
The combined bank, including Postbank and Deutsche Bank, will have more than 20 million customers in Germany. Deutsche Bank also operates one of the world's largest investment banks.
Despite last year's loss, shareholders can still expect a dividend for the year, chief executive John Cryan said in a telephone conference Sunday.
The dividend proposal is comparatively small at 19 cents per share, and will likely remain relatively low until the year 2018, he said.
For the years 2009 through 2014, Deutsche Bank paid a dividend of 75 cents per share each year. Prior to the financial crisis, the dividend was clearly higher.