DBPBC (DBP): Deutsche Bank announces next phase of strategy - raport 5
UNI - EN REPORT No5/2015
Reaffirming commitment to being a leading global bank based in Germany
Key decisions
- Deleveraging CB&S to build a more focused investment bank, with planned gross leverage reduction of approximately EUR 200 billion and redeployment of EUR 50-70 billion in relationship-driven businesses
- Focusing retail business on a market-leading advisory-led proposition to clients and deconsolidating Postbank
- Investing up to EUR 1 billion additionally to deploy digital technologies across the platform
- Investing over EUR 1.5 billion to accelerate growth in GTB and Deutsche AWM
- Focusing geographical footprint on key markets and cities
- Transforming the Bank’s operating model by reducing complexity, increasing controls and boosting efficiency with the aim of delivering additional annual gross savings of EUR 3.5 billion for a planned one-time cost to achieve of EUR 3.7 billion
Medium-term financial ambitions
- Increasing leverage ratio to at least 5%
- Stabilizing the CRD 4 fully loaded Basel 3 Common Equity Tier 1 ratio at approximately 11%
- Cost/income ratio of approximately 65%
- Post-tax return on tangible equity in excess of 10%
- Aspiration: Payout ratio to shareholders of 50% or more
