Deutsche Bank has transformed its business model since 2019. As a result, Deutsche Bank is entering a phase of sustainable growth benefiting from a leaner and more focused set-up. The core of the growth strategy is to further expand Deutsche Bank’s position as the 'Global Hausbank.’

As the leading bank in Germany with strong European roots and a global network with a comprehensive product suite, Deutsche Bank aims to become the first point of contact in all financial matters aspiring to help clients navigate through geopolitical and macroeconomic shifts and accelerate their transition to a more sustainable and digitized economy.

Deutsche Bank is focused on delivering sustainable growth, attractive returns and substantial distributions to shareholders.

Each of the four core businesses is well positioned to respond to structural trends that will shape our economy and drive growth:

• The Corporate Bank is the financing and transaction banking partner that can support corporations and medium-sized companies worldwide.
• The Investment Bank has a comprehensive global offering, providing institutional and corporate clients with fixed income and currencies risk management and liquidity provision, leading financing capabilities, and a full suite of origination and advisory services.
• The Private Bank is the strongest partner for all questions on financing and investment for private clients in Germany and provides affluent clients and family entrepreneurs all over the world with tailor-made investment solutions.
• The Asset Management business offers a wide range of active, passive and alternative products that allow investors to position themselves for any market scenario.

Deutsche Bank has built a strong foundation with four core businesses focused on supporting clients. Building on this, the bank set itself ambitious financial targets.

Deutsche Bank aims to increase revenues on average by 3.5 to 4.5 percent annually by fostering growth in its core franchises and by investing into targeted, strategic initiatives that produce attractive and sustainable returns.

At the same time, Deutsche Bank will maintain strict cost discipline and further increase efficiency, aiming for a cost-income ratio below 62.5 percent by the end of 2025. Deutsche Bank expects to drive efficiencies until 2025 by further reducing complexity in order to reinvest in business growth.

As a result, the bank aims to increase returns on average tangible equity (RoTE) to above 10 percent by 2025 and organically generate significant additional tangible equity. Subject to successful implementation, this would enable significant capital distribution to shareholders and substantial re-investment into Deutsche Bank’s four leading businesses.