In the diagram above, SACP describes the unsupported group credit profile of Deutsche Bank group. ALAC—Additional loss-absorbing capacity. Diversified franchise serving retail, corporate, and institutional clients. Senior management has initiated a five-year strategic plan to address shortcomings in the bank's earnings, business model, and balance sheet. Good track record in credit risk management in traditional retail and corporate banking. Material execution risks as the bank implements a far-reaching restructuring program while many competitors are more focused on business as usual. Challenging economic and market environment characterized by a prolonged period of ultra-low interest rates and generally subdued client activity. Litigation and restructuring charges and poor cost efficiency will likely continue to weigh on capital generation through earnings over our rating
