Deutsche Bank CFO Sees ‘Really Bullish Signs’ for 2022 Revenue

The transcript discusses the strong performance of a bank compared to its competitors, highlighting its robust portfolio in areas like FICC, rates, and FX. It covers the bank's outlook on market normalization, revenue guidance for 2022, and strategies to manage costs and credit loss provisions. The bank is confident in its future performance due to strong client engagement and favorable market conditions. Additionally, the transcript addresses labor market pressures and the implementation of hybrid work models.

What areas contributed to the bank's strong performance in FICC revenue?

• Technology and healthcare

• Rates, FX, and credit businesses

• Retail and consumer goods

• Real estate and commodities

How does the bank view the market environment for the second half of the year?

• Constructive and engaging

• Declining and risky

• Neutral and uncertain

• Pessimistic and challenging

What is the bank's expectation for provisions for credit losses in the near term?

• They will decrease to zero

• They will increase significantly

• They are unlikely to be sustainable

• They will remain at current levels

What is the bank's strategy for managing uncontrollable expenses?

• Cutting investment spending

• Offsetting with revenue growth

• Increasing loan provisions

• Reducing employee wages

What is the bank's target for the cost-income ratio?

• 60%

• 80%

• 50%

• 70%

What approach has the bank taken regarding hybrid working models?

• No clear policy yet

• Hybrid with 2-3 days at home

• Full-time remote work

• Full-time office work

How is the bank addressing wage pressures in the labor market?

• By paying competitively

• By freezing hiring

• By reducing salaries

• By outsourcing jobs