Deutsche Bank share: Deutsche Bank wants to compete with online banks with a new offer

Germany’s largest financial institution wants to “bring an independent, digital, app-based offer for customers with investment needs onto the market in 2024,” said Vice-Chairman Karl von Rohr to the “Handelsblatt”. “This is aimed at people who want to have their assets managed professionally, want to trade securities online and do their banking purely digitally.” In contrast to classic online banks and neo-brokers, there should also be the opportunity to get advice over the phone or in a chat. If necessary, customers could also come to a branch. “The focus is on new customers, but of course the offer is also open to existing customers of Deutsche Bank,” said von Rohr. “We don’t want to set up a new bank for this, but to dock the offer to existing structures. Where exactly it will be docked has not yet been decided, just like the name.”rate hike Deutsche Bank also wants to pay its private customers positive interest again “on selected deposits”. From September 12, the institute will raise the rates for its “Fixed Rate Savings” offer again, said von Rohr. “So the deposit business is becoming more interesting again.” The real estate business, on the other hand, will “be weaker across the industry not only in the short term, but in the medium term” due to the rise in interest rates, warned von Rohr.

Berlin (Reuters)

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