Banking
Deutsche Bank confident of hitting key profit target -CFO tells Handelsblatt
Published by maria gbaf
Posted on January 7, 2022
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on January 7, 2022
1 min readLast updated: January 28, 2026
Deutsche Bank's CFO is confident in reaching an 8% return on tangible equity in 2022, despite analysts' doubts. This target is crucial for the bank's restructuring.
FRANKFURT (Reuters) – Deutsche Bank is confident that it will reach a key profitability target this year, the German lender’s finance chief told Handelsblatt in an interview.
Chief Financial Officer James von Moltke said he was “very confident” that the bank would meet its self-imposed goals.
The target of an 8% return on tangible equity in 2022 “is our North Star, the central orientation for the entire bank and the entire restructuring,” von Moltke was quoted as saying.
Many analysts have doubted that the bank would achieve the target.
(Reporting by Tom Sims; Editing by Susan Fenton)
The main topic is Deutsche Bank's confidence in achieving an 8% return on tangible equity in 2022.
James von Moltke is the Chief Financial Officer of Deutsche Bank.
The 8% return on tangible equity is a key profitability target and central to Deutsche Bank's restructuring efforts.
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