We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Unsentimental returns

9 November 2017 By Christopher Thompson

Germany’s second-largest lender earned a pitiable 0.3 pct return on tangible equity in the first nine months of 2017. That explains why it trades at a fraction of book value. But rising customer numbers and hope of higher interest rates will continue to tempt potential buyers.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)