BANCI | ENGLISH

Deutsche Bank launches substantial growth programme in its Private & Business Clients division

Autor:

2008-10-10 13:35

 Sustainable orientation to more growthrn Investments in both Germany and European core marketsrn Strong growth in staff coupled with greater efficiencyrn Expansion of branch network by roughly 400 locationsrn Pre-tax profit target of EUR 2 billion in 2012rnrnFRANKFURT AM MAIN, 9 October 2008 – With a substantial growth programme in its Private & Business Clients division, Deutsche Bank (XETRA:DBKGN.DE/ NYSE:DB) will continue its successful course of the past years, strengthen its market leadership in the German home market and enhance its strong position in Europe. rnrnTo achieve this, Private & Business Clients aims to create roughly 2,500 new advisory positions in Germany and the European core markets over the next four years.rnrnThe bank will invest selectively in its European core markets and expand its branch network in Germany, Italy and Poland. The growth programme calls for the opening of roughly 400 new branches across Europe by 2012, 150 in Germany alone. In addition, Deutsche Bank will invest in building up a competitive European consumer banking franchise.rnrnRainer Neske, Head of Private & Business Clients and Member of Deutsche Banks Group Executive Committee: “We will strengthen our market leadership in our German home market, strongly expand our European business and invest in our advisory activities. With this programme, we are creating the basis for sustainable and profitable growth. We want to be the best bank with the best product and service offering at each of ourrnlocations.”rnrnIn addition, Deutsche Bank will capture further growth potential inrnGermany through its partnership with Postbank and continues to follow its successful strategy for German private and business clients. Deutsche Bank will also continue to pursue the course it has successfully adopted in Asia. With planned investments in new employees and locations, the bank intends to bundle its strengths and bring its products and services even closer to its clients.rnrnThe growth programme will be accompanied by efficiency measures to bundle administrative activities and processes in banking services and structure them consistently to achieve greater efficiency. As part of these plans, the bank intends to reduce the number of European back-office jobs by around 1,100. rnrnThrough the growth programme, Deutsche Bank is looking to strongly attract new customers targeting a total of 18 million clients in Private & Business Clients by 2012. Private & Business Clients is also aiming for a cost/income ratio in line with European standards. Moreover, it intends to increase income before income taxes from EUR 1.1 billion in 2007 to EUR 2.0 billion in 2012. rnrnAbout Deutsche BankrnrnDeutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,253 employees in 76 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Taguri:

Comentarii

Nu există comentarii pentru această știre.

Adauga un comentariu

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii