Deutsche Bank CFO details 2028 strategy amid complex German economy

Deutsche Bank CFO Raja Akram stated the bank began its 2028 strategy cycle strongly, reporting a record first half and a return on tangible equity close to 12%. He noted that while Germany's macroeconomic conditions remain complicated, the overall direction is encouraging. Wealth management revenue grew by almost 8%, and the bank secured EUR 60 billion in net new assets during the first half.

Akram cited a 50% increase in foreign direct investment last year and positive corporate sentiment, though confidence among small and medium-sized enterprises remains inconsistent. He expects the Corporate Bank to achieve mid-single digits revenue growth by year-end. The potential for German pension reforms to expand investment avenues was also mentioned.