FRANKFURT, Reuters Deutsche Bank Germany’s biggest lender, DE:, aims to achieve higher revenue per year and lower income costs by 2025. This was the statement made Thursday during its planning for the future.

According to the bank, it will strive for more than 10% post-tax return of tangible equity (ROTE), which is a key profit indicator.

Deutsche is more ambitious than ever because many investors are still unsure if Deutsche can achieve its target of 8.8% this year. However, Deutsche insists that it stands by its goal, despite acknowledging increased uncertainty as a result of the war in Ukraine.

It is the first time the bank has released a new plan since it began undergoing a significant overhaul in 2019. This involved the exit of some businesses as well as the elimination of thousands of employees after many years of losses.

Deutsche, under Chief Executive Officer Christian Sewing has been making progress and delivered its highest profit year in a decade.

However, analysts agree with the Bank’s goal to have a ROTE less than 6% for this year.

James von Moltke, Chief Financial Officer said that “for the entire year 2022 we continue to expect a post-tax returns on tangible equity of 8.8%.”

Deutsche also targets a cost to income ratio below 62.5% by 2025. This compares to 2021’s ratio at 84.6%, and with the bank’s goal of 70% for this year.

It said that it expected to increase its revenue to 30 billion euros (or 33.13 billion dollars) by 2025. This is a significant improvement on the target of 25.4 trillion euros set this year.

($1 = 0.9056 euros)