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Deutsche Bank sees retail growth in emerging markets – Retail in Asia

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Deutsche Bank sees retail growth in emerging markets

Deutsche Bank wants to grow pretax profit from foreign retail branches to almost EUR1 billion by 2015, looking to emerging markets growth to offset mature markets nearer home.

In total, Germany’s biggest lender is aiming for EUR3 billion euros profit from retail banking by 2015, Rainer Neske, head of private and business clients, told Reuters on Friday. In the first nine months of 2012, the private and business clients division made a pretax profit of EUR1.3 billion.

Deutsche Bank has also built a retail business in China and India.