Deutsche Bank has released 687.5 million new shares to existing security holders, in a bid to raise more capital.
John Cryan, chief executive of Deutsche Bank, said he expects these shares to raise around €8bn.
The announcement was made on March 5 amid other strategic announcements to investors.
The bank said the release would enable Deutsche Bank to reach a core capital ratio of approximately 14 percent.
The issue is initially underwritten by Credit Suisse, Barclays, Goldman Sachs, BNP Paribas, Commerzbank, HSBC, Morgan Stanley and UniCredit.
Since March 3, share price has fallen from 19.12 to 17.65 at the time of going to press today (March 8).
In its broader strategy, Deutsche Bank will combine subsidiary retail bank Postbank with its existing German private and commercial banking and wealth management businesses.
The bank will also float a minority stake in its asset management division.
Cryan said the bank needs to tightly control its costs, explaining the bank was working in a “tough” environment.
He said the bank aims to reduce adjusted costs to around €21bn by 2021 - last year the figure stood at around €24bn.
Cryan added: “I am proud that together we have made progress since the autumn of 2015 and have put the worst crisis for decades behind us.”
Another strategic decision made by the bank is the appointment of a group chief information officer to drive its bank-wide technology agenda.
Pascal Boillat has this week taken on the newly-created role and will report to group chief operating officer Kim Hammonds.
Boillat joined Deutsche Bank in 2016 as chief information officer and head of operations for the corporate and investment bank.
In his new role, he will be responsible for defining technology strategy across the bank to serve clients while further enhancing standardisation and digital capabilities.
The bank said Boillat will work closely with the business divisions to modernise the bank’s IT environment to reduce complexity, risk and enable business growth.
He will also work with regulators to strengthen the bank’s controls and lead the bank’s technology development centres globally.