Deutsche Bank Results Presentation Deck
2025 financial targets and capital objectives
>10%
Post-tax ROTE
in 2025
Well positioned to
drive returns above
cost of equity based
on sustained operating
leverage over the
period
Financial targets
Deutsche Bank
Investor Relations
3.5-
4.5%
Revenue CAGR
2021-2025
Increased revenue
momentum supp-
ported by further
balance sheet
optimization and
greater shift to capital-
light businesses
<62.5%
Q3 2023 results
October 25, 2023
Cost/income
ratio
in 2025
Reiterate CIR target,
with continued focus on
further structural cost
reductions, via
technology investments,
process redesign and
efficiencies in
infrastructure
Capital objectives
~13%
CET1 ratio
Aim to operate with a
buffer of 200bps above
MDA, as we build
capital and absorb
regulatory changes
50%
Total payout
ratio
from 2025
Notes: MDA - maximum distributable amount; € 8bn anticipated cumulative payout in respect of FY 2021-2025 (including distributions in respect of 2025, payable in 2026) subject to meeting strategic targets and German corporate law
requirements, AGM authorization and regulatory approvals
Confirm 2025+ payout
guidance and € 8bn
anticipated cumulative
payout in respect of FY
2021-2025
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