Bloomberg News

Ackermann Sees Bank’s Pretax ROE of 15% to 18% in Near Term

February 02, 2012

Feb. 2 (Bloomberg) -- Deutsche Bank AG sees a pretax return on equity of about 15 percent to 18 percent in the near term because higher capital requirements are weighing on the sector, Chief Executive Officer Josef Ackermann said today.

The German lender may be able to reach about 20 percent in terms of pretax ROE in the longer term after it shed legacy assets, he said today. In the past, Ackermann had set a goal of 25 percent.

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