Deutsche Bank, Germany’s leading financial institution, reported a stronger-than-anticipated profit for the first quarter on Tuesday, as banks across Europe contend with market volatility partly triggered by U.S. tariff strategies.
The net profit attributed to shareholders stood at 1.775 billion euros ($2.019 billion), reflecting a 39% increase compared to the same period last year. This figure exceeded analysts’ forecasts of approximately 1.64 billion euros, according to a Reuters survey. For context, the bank had recorded a profit of 106 million euros in the previous quarter.
Total revenues during the quarter reached 8.524 billion euros, marking a 10% year-on-year increase and surpassing the $7.224 billion reported in the fourth quarter.
In a statement accompanying the quarterly results, CEO Christian Sewing emphasized that the figures demonstrate the bank is “on track for delivery on all our 2025 targets” and heralded it as “our best quarterly profit for fourteen years.”
Additional highlights from the fourth quarter included:
- Profit before tax of 2.837 billion euros, a 39% increase year-on-year.
- The CET 1 capital ratio, an indicator of bank solvency, remained stable at 13.8%, consistent with the fourth quarter.
- The post-tax return on tangible equity (ROTE) was reported at 11.9%, exceeding the bank’s target of 10% for 2025.
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