...March 10, 2022 LONDON (S&P Global Ratings) March 10, 2022--S&P Global Ratings said today that Deutsche Bank AG (A-/Stable/A-2) has potential to improve its creditworthiness and performance closer to global peers' if it delivers on the strategic plan announced today. However, geopolitical and market conditions present a difficult operating environment for the global banking sector. The duration and consequences of the conflict in Ukraine are not yet clear. Prolonged uncertainty could constrain banks' earnings by delaying interest rate hikes, increasing clients' risk aversion, and raising credit loss charges (see "How The Conflict In Ukraine Is Affecting Financial Institutions Ratings," published on March 4, 2022). 2022 is the final year of Deutsche Bank's existing transformation plan, and today's strategy update outlines its ambitions through 2025. Subject to external events, it is positioned for stronger earnings this year as restructuring charges fall away and the capital release unit...
