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    Máté Nemes

    Senior Equity Analyst at UBS

    Máté Nemes is a Senior Equity Analyst at UBS specializing in European financial institutions, with coverage that includes major banks such as Deutsche Bank, Erste Group Bank, and Cembra Money Bank. Over his coverage of 20 stocks, Nemes has demonstrated exceptional performance with an 80.17% success rate and an average return of 25.2% per recommendation, ranking him among the top 300 Wall Street analysts according to TipRanks. He joined UBS as an analyst by at least early 2024 after prior roles which are not publicly detailed, and is regularly cited in consensus panels for high-profile European banking stocks. Nemes holds relevant professional credentials typical for senior sell-side analysts, though specific licenses or FINRA registrations are not explicitly published in available records.

    Máté Nemes's questions to DEUTSCHE BANK AKTIENGESELLSCHAFT (DB) leadership

    Máté Nemes's questions to DEUTSCHE BANK AKTIENGESELLSCHAFT (DB) leadership • Q2 2025

    Question

    Mate Nemes of UBS Group AG inquired about the reasons for the slight downgrade in the Corporate Bank's full-year 2025 revenue outlook. He also asked about the capital consumption implications for the Corporate Bank arising from the opportunities driven by Germany's fiscal stimulus.

    Answer

    CFO James von Moltke explained the Corporate Bank's revenue outlook was lowered due to FX headwinds and some pressure on net interest income from deposit margins and slower loan growth than initially expected, though fee income remains strong. He stated that while stimulus-driven loan growth will consume capital, the bank is well-equipped to support it and will use securitization and other measures to manage balance sheet velocity, avoiding capital constraints.

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    Máté Nemes's questions to DEUTSCHE BANK AKTIENGESELLSCHAFT (DB) leadership • Q1 2025

    Question

    Máté Nemes from UBS asked for more examples of Shareholder Value Add (SVA) opportunities, the outlook for banking book NII in 2025, and the potential for further RWA reductions for the remainder of the year.

    Answer

    CEO Christian Sewing detailed the SVA strategy, which includes repricing, improving process efficiency, and exiting sub-par portfolios, calling it a key lever to boost RoTE. CFO James von Moltke confirmed the banking book NII guidance is consistent with the start of the year. On RWAs, he expects to achieve the EUR 30 billion reduction target for 2025, with potential to slightly exceed it through further securitizations.

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    Máté Nemes's questions to Julius Baer Group (JBAXY) leadership

    Máté Nemes's questions to Julius Baer Group (JBAXY) leadership • H1 2023

    Question

    Mate Nemes from UBS questioned the outlook for treasury swap income in the second half, the strategic balance between internal talent development and external RM hiring, and the potential cost benefits of this approach. He also asked for the specific amount of assets under management held in Julius Baer's in-house funds.

    Answer

    CFO Evie Kostakis projected that treasury swap income would remain stable in H2 at around 14-15 basis points and stated that Julius Baer manages approximately CHF 13 billion in in-house funds. CEO Philipp Rickenbacher described internal and external hiring as complementary, with a long-term vision of generating 50% of new RMs internally by the 2030s, noting the cost impact may be balanced.

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