Deutsche Bank confirms that half of its activities failed to cover the cost of its capital

It is noteworthy that Deutsche Bank allocated about 48 percent of its capital during the past year to businesses that cover the cost of its capital.

Siving pledged to further improve the bank’s profitability over the next three years, after leading the bank through a painful restructuring period since he assumed his presidency in 2018.

Reducing the bank’s presence in low-profit areas was a component of its strategy. In 2021, about 20 percent of the bank’s capital was invested in areas that cover its capital cost.

Deutsche Bank’s stock has lost about 18 percent of its value since the beginning of this year, in light of fears of a possible slowdown in economic growth and an increase in bankruptcies as a result of the rise in global oil prices.

It is noteworthy that Seving said last month that Deutsche Bank “continued to reduce substandard mortgage loans in the private sector, and redirected resources towards wealth management and the corporate lending sector.”

He added during a conference call to discuss the profits of the first quarter of this year that the bank is also using artificial intelligence to speed up its operations, improve customer experience, and reduce expenses.