When Christian Sewing announced his restructuring plan for Deutsche Bank in the summer of 2019, very few believed that the new CEO would be able to fulfill his promises. There was great fear that the ailing financial institution would have to pump out its shareholders again in order to collect billions for the major renovation.
Sewing managed without a capital increase. And the goals envisaged by the end of this year are within reach.
>> Read here: Eight billion euros distribution by 2025 – these are the new goals of German bank
The next three-year plan, which the CEO presented on Thursday, now envisages a return on equity of more than ten percent by 2025 and the distribution of eight billion euros to shareholders. This would finally return Frankfurt to the normality of major European banks.
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