Deutsche Bank targets 200 billion euros of sustainable investment by 2025

📆 5/13/2020 12:50 PM
📰 Reuters

⏱ Reading Time:
29 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

German lender Deutsche Bank plans to pump at least 200 billion euros ($216.8 billion) into so-called sustainable financing and investments by 2025, its first formal targets for doing so.

FILE PHOTO: Deutsche Bank CEO Christian Sewing speaks during the bank's annual news conference in Frankfurt, Germany, January 30, 2020. REUTERS/Ralph Orlowski

The money will include loans provided by the bank, bonds placed on behalf of its clients and assets managed by its private bank. It does not include assets managed by its fund arm, DWS, it said in a statement late on Tuesday. Countries in Europe and elsewhere have also been looking at ensuring that sustainable investment is at the heart of economic recovery plans after the COVID-19 pandemic.

The bank said it would report annually on its progress and disclose more details on its definition of sustainable finance by the end of the second quarter of this year.

Write Comment

Translation: Trump owes us money.

how about DB trying to sustain its own existence without getting bailed out

Trumps Bank des Vertrauens. boycottdeutschebank

Take the lead Deutschland 🇩🇪

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The US economy will shrink nearly 40% in Q2, Deutsche Bank says - Business Insider'Painfully evident' damage: Deutsche Bank now thinks the US economy will shrink by nearly 40% in the 2nd quarter following coronavirus lockdowns Well that's not good.
Source: BusinessInsider - 🏆 729. / 51 Read more »