Published Tue, Apr 29, 2025 · 01:23 PM
[FRANKFURT] Deutsche Bank on Tuesday posted a 39 per cent rise in first-quarter profit after its global investment banking division generated a big increase in revenue in bond and currency trading during volatile markets.
Deutsche, Germany’s largest lender, recorded net profit attributable to shareholders of 1.78 billion euros (S$2.66 billion) in the quarter, up from 1.28 billion euros a year earlier.
It was higher than analysts’ expectations for a profit of around 1.64 billion euros.
The figures kick off a crucial year for Deutsche as it winds up a three-year plan and attempts to meet a series of targets that some analysts deem overly ambitious.
The results “put us on track for delivery on all our 2025 targets”,” CEO Christian Sewing said. REUTERS
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