DB - Deutsche Bank: Good Start To The Post-Restructuring Period
- 2022 is the first year after 2019 with limited restructuring expenses for Deutsche Bank.
- Management reaffirmed an 8% RoTE target and a 26-27B EUR revenue target range for 2022 (2021 25.4B EUR).
- The CET 1 ratio stood at 12.8% and should recover later in the year.
- 354M have already been provisioned for distributions for 2022 (circa 33% expected payout out of a 1.06B EUR profit in Q1 2022).
- Manageable Russia exposure with 0.5B EUR in net loans and 1B EUR in contingent liabilities out of 53B of tangible equity.
For further details see:
Deutsche Bank: Good Start To The Post-Restructuring Period