Deutsche Bank recorded profits of 4,824 million euros until September, an increase of 86% year-on-year, driven by increased revenue and reduced costs.
The results were released this Wednesday, 29th, by Germany’s largest private commercial bank and point to a record 7,704 million euros in profit before taxes, an increase of 64%.
Revenues rose 7% to 24,370 million euros, partly due to growth in the investment banking (11%) and asset management (13%) segments.
Non-interest costs fell by 8%, to 15,355 million euros.
“We are on track to meet our financial objectives for 2025 and, with the dividend increase for shareholders rising by 50% in each of the last few years, we are on track to deliver more than 8,000 million euros to shareholders between 2022 and 2026”, says the bank’s executive president, Christian Sewing, cited in the statement.
The Common Equity Tier 1 (CET1) ratio rose 0.3 percentage points compared to the last quarter, ending September at 14.5%.
In turn, the leverage ratio fell 0.1 percentage points quarter-on-quarter, to 4.6%.