FRANKFURT (Reuters) - Deutsche Bank
The German bank is signaling a new level of operating strength even as many analysts doubt the existing profitability goals which forecast a pretax profit from the bank's operating units of 10 billion euros this year, excluding one-off effects.
Continue Reading Below
This level of earnings "is not a one-off" Krause told reporters on the margins of a financial conference.
Cost savings from its Postbank unit and from infrastructure will help raise the profitability level of Deutsche Bank, the chief financial officer said on the sidelines of a financial conference in Frankfurt.
Deutsche Bank last month posted near record first-quarter profit and said it was confident of meeting its 2011 goal of earning pretax profit of 10 billion euros.
(Reporting by Edward Taylor)