Deutsche Bank has pledged to deliver higher growth, returns and payouts to investors as well as lower costs by 2028, as chief executive Christian Sewing seeks to turn the lender into “the European champion in banking”.
Germany’s largest bank unveiled new targets in London on Monday afternoon as part of a capital markets day. Sewing, who has led the lender through a protracted and costly restructuring since 2018, said he wanted to make Deutsche Bank “the European alternative in global banking and the gateway to Europe for clients around the world”.
Shares in Deutsche Bank have almost doubled over the past 12 months as the Frankfurt-based lender reported record quarterly profits on the back of surging revenues from bond and currency trading.
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