By Deutsche Bank raises profit target for 2025
© 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
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