During the recent banking turmoil, Deutsche Bank saw its share price plunge and the cost to insure its debt against the risk of default hit a more than four-year high. Investors were nervous because Germany’s biggest lender had been through various restructurings and leadership changes in an effort to restore profitability.
But when The Banker’s performance methodology is applied to the 10 largest German lenders (excluding Volkswagen Bank), Deutsche Bank saw some of the biggest gains, moving from eighth place in last year’s best-performing banks ranking to third in 2023, with a table-topping result for liquidity, as well as good scores for operational efficiency and asset quality.
