7/27/2022, 7:06 AM (Source: TeleTrader)
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Deutsche Bank's Q2 profit before tax up 33%, highest since 2011

Deutsche Bank said on Wednesday that its profit before tax in the second quarter of 2022 stood at €1.5 billion, rising 33% year on year, its highest second-quarter profit since 2011. On the other hand, profit after tax increased by 46% to €1.2 billion.

Net revenues increased 7% to €6.6 billion, driven by growth in all core businesses, especially Corporate Bank, which rose 26% year-on-year to €1.6 billion.

"We are particularly pleased with the progress of our Corporate Bank and Private Bank. Thanks to our successful transformation, we're well on track to deliver sustainable and well-balanced returns through our four strong core businesses," said Christian Sewing, Chief Executive Officer.

Baha Breaking News (BBN) / JG