Deutsche Bank CFO Von Moltke on Bonuses, Restructure, Outlook

The transcript discusses the challenges faced by a company undergoing significant restructuring, resulting in financial losses. Despite these challenges, the company is on track with its restructuring goals, showing positive underlying business performance. Investor confidence is growing, reflected in the share price. The company is optimistic about future economic conditions and is managing trade relations and Brexit uncertainties. It is also addressing the impact of negative interest rates on clients. The company aims for sustainable profitability and considers potential mergers and acquisitions.

Why did the company decide to award executive bonuses despite a net loss?

• To match competitor compensation packages

• To align with long-term shareholder interests

• To reward executives for personal achievements

• To comply with legal obligations

What was the primary driver of the company's financial loss?

• Currency fluctuations

• Increased operational costs

• Decline in market share

• Restructuring costs

How did the company plan to finance its restructuring efforts?

• By cutting employee salaries

• From its own resources

• By issuing new shares

• Through external loans

What was a key factor in boosting market confidence during the restructuring?

• Launch of new products

• Successful headcount reduction

• Improved customer service

• Increased marketing efforts

What external factor is mentioned as a potential risk to the company's strategy?

• Rising inflation rates

• Trade issues between major economies

• Technological disruptions

• Political instability in Europe

How is the company addressing the challenge of negative interest rates?

• By increasing loan interest rates

• By making the balance sheet more efficient

• By reducing customer deposits

• By investing in high-risk assets

What is the company's outlook on the rate environment in Europe?

• Rates will fluctuate unpredictably

• Rates will remain stable

• Rates will increase significantly

• Rates will decrease further

What is the company's strategy for achieving sustainable profitability?

• Reducing operational costs

• Increasing marketing spend

• Focusing on core banking operations

• Expanding into new markets

What is the company's stance on potential consolidation in the European banking sector?

• It is actively pursuing mergers

• It sees consolidation as a future possibility

• It is opposed to any consolidation

• It has already consolidated with another bank

What is the current valuation of the company's share price relative to its book value?

• Equal to its book value

• About half of its book value

• Twice its book value

• About a third of its book value