John Cryan

Trouble-plagued Deutsche Bank on April 8 ousted its British CEO John Cryan, replacing him with one of his deputies in a bid to get Germany's biggest lender back on track after years in crisis.

Deutsche Bank's chief executive John Cryan has underlined the positive outlook of the Greek economy, warning however that "the road to normalization will remain long and difficult."

In an interview with Kathimerini, Cryan says that while the country is back on investors' radar screen, commitment to reforms and prudent fiscal policy are key to exiting the lingering crisis.

Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses.

Deutsche Bank, Germany's biggest lender, announced Oct. 29 it would cut 9,000 jobs and pull out of 10 countries in a new 3.8-billion-euro cost-cutting drive after it ran up record losses in the third quarter.

The appointment of John Cryan as chief executive of Deutsche Bank sent shares in Germany's largest lender up 8 percent on June 8 as investors judged the Briton a more credible contender than his two ousted predecessors to revive its fortunes.