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Key initiatives include a renewed emphasis on corporate profitability, with a return on tangible equity target of 15%, changes in corporate fabric, as exemplified in the OneCIT program, along with more emphasis on a performance culture, and annual asset growth in the 8%-10% range over a business cycle.
5% or higher, a return on tangible equity of 20% or higher; while reaching and maintaining a tangible equity to assets target of 5.
During 2006, return on average assets, return on average equity and return on tangible equity were 1.