Raja Akram, Chief Financial Officer, added: “We delivered strong performance in the quarter, with RoTE of 12.7% and cost/income ratio below 59%, through a high-quality earnings mix and durable growth. Total AuM in the Private Bank and Asset Management grew to EUR 1.8T, supported by EUR 22B in net inflows. Our Investment Bank served as a valued advisor to clients in a challenging macro-economic environment and our Corporate Bank’s lending activity accelerated. This gives us a firm step-off point towards our financial targets and strategic objectives. We’re building growth momentum in high value businesses through targeted investments and deliberate capital allocation, and further cost flexibility through AI and process reengineering across the bank.”
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