Deutsche Bank Aktiengesellschaft (DB) European Financials Conference 2025 November 20, 2025 4:30 AM EST
Company Participants
Christian Sewing – CEO & Chairman of Management Board
Conference Call Participants
Kian Abouhossein – JPMorgan Chase & Co, Research Division
Presentation
Kian Abouhossein
JPMorgan Chase & Co, Research Division
Great. Thank you very much. We’re here with Christian. Christian, it’s great to have you. You just had your investor update on Monday. So I suggest you have a look at the slides, a lot of details around the business outlook and the guidance and targets. And we want to unpack that a little bit today.
Question-and-Answer Session
Kian Abouhossein
JPMorgan Chase & Co, Research Division
And I remember last year, Christian, we were here, and we were discussing can Deutsche make 10% RoTE in 2025, which is your target for this year. And there was a lot of skepticism still at that time. Clearly, that skepticism has been cleared up. And now we have a new RoTE target of 13% plus by 2028. And really, it would be great to hear how the strategy has evolved, the scaling up of the Global Hausbank strategy. And how you see this 13% RoTE target, which is a medium-term target? And how should we think about Deutsche Bank long-term targets?
Christian Sewing
CEO & Chairman of Management Board
Well, thank you, Kian, and welcome, everybody. Always great to be in this, I have to say, one of the nicest halls I know in London. So nice environment. .
Look, I’m really pleased with the overall development of the bank, and everything what we presented on Monday is a part of a really long-term journey for Deutsche Bank. And I knew that when I took over in 2018, also when we had our first restructuring then in 2019, I knew that
