© Reuters. FILE PHOTO: Employees of Deutsche Bank gather ahead of the bank’s annual shareholder meeting in Frankfurt, Germany, May 23, 2019. REUTERS/Kai Pfaffenbach/
FRANKFURT (Reuters) -Deutsche Bank is aiming for higher annual revenues and a lower cost-to-income ratio by 2025, Germany’s largest lender said on Thursday as it mapped out its financial plans for investors for the coming years.
The bank said it would strive for a post-tax return on tangible equity – a key profit metric – of more than 10% by 2025. That is up from this year’s target of 8%.
The more ambitious goal comes as many investors still doubt whether Deutsche will achieve this year’s goal of 8%, which the bank is firmly standing by.
“For the full year 2022, we continue to expect to deliver a post-tax return on tangible equity of 8%,” said Chief Financial Officer James von Moltke.
Deutsche Bank raises key profit target for 2025
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.