2025-01-30 15:26:00 :
(Bloomberg) -Christian Sewing, CEO of Deutsche Bank Agricultural Corporation, said his next step in the next step of the lending strategic plan may involve units with poor reduction in performance to improve profitability.
Sewing is reviewing the bank to prepare for the next strategic update. He told reporters on Thursday that he may “more strictly intervene in places where we have invested resources to produce more than the average level of business.”
He said: “We will check whether the capital part of the investment should be re -assigned, and even abandon one or the other field to better use our capital in other places.”
Comments are the clearest signs of how to improve profitability on the 54th sewing plan so far. Deutsche Bank reiterated its income, profitability and payment goals under its current strategic plan. The plan continued until this year, but it disappointed investors under the guidance of continuous cost.
The loan’s stock fell 6.3 % in the Frankfurt transactions.
Chief Financial Officer James Von Moltke said at a press conference: “We are looking for all business departments to improve them.” He said that closing the business department is just a choice, with major risks with major risks Another possibility can better allocate capital.
Since taking away seven years ago, sewing has been transferred to the bank, and he said he will launch his new strategy later this year. Since working for more than a year, the first major reorganization of his term was in his term. He announced about 18,000 layoffs (the target that was canceled later) and closed the stock exchange.
The new strategy will also rely on cutting work to reduce costs and may include improving profitability.
“We are determined to make this bank more efficient, which means changing the way we do.” “It started with simpler organization settings and small labor.”
CEO also said that Germany Bank is seeking part of the future strategy of the United States. After sewing the reorganization in 2019, the lending party greatly reduced the employees of the country.
More such stories can be found on BLOOMBERG.com
Follow us On Social Media   Twitter/X