Deutsche Bank’s Chief Financial Officer, Raja, presented a strategic overhaul at the Bank of America 31st Annual Financials CEO Conference, emphasizing a shift in revenue composition and operational efficiency. The bank reported that non-investment banking segments now account for 60% of total revenue, a notable departure from prior reliance on investment banking. This transition aligns with a broader strategy to diversify income streams amid evolving market conditions, including a record first-half return on tangible equity (ROTE) of around 12%, with a 2028 target of above 13% set as a floor for the new cycle.
Private banking saw EUR 60 billion in net new assets in the first half of 2026, contributing to a 8% rise in wealth management revenue. Shareholder distributions totaled EUR 1.5 billion in 2024, up from EUR 1 billion in 2023, including EUR 1 billion distributed early in the year and EUR 500 million in buybacks during the second quarter. Net interest income (NII) guidance for 2024 was revised upward slightly, with expectations nearing EUR 14 billion, though long-term targets remain in the EUR 27–28 billion range. Capital targets were adjusted, with a CET1 ratio target of 13.5%–14% and a payout ratio raised from 50% to 60%.
Deutsche Bank operates with 18 million customer relationships, a figure underscored by its aggressive branch closures—over 100 offices shut since 2023—and headcount reductions. The bank’s fixed income and currencies (FICC) segment reported its strongest third-quarter performance on record, described by CFO Raja as a
