Deutsche Bank announced earnings for the first quarter of 2025’ on Tuesday, declaring its pre-tax profit as compared to the same quarter last year. %It recorded an increase of 39 to 2.8 billion euros.
Net profit on an annual basis %It increased by 39 to 2 billion euros.
Net revenues year-on-year in the first quarter of the year %8,5 billion Euro’ increased by 10; corrected costs as well %2 increases to 5.1 billion Euro’. Adjusted costs include increased ancillary costs and increased wages, mainly due to an increase in equity-based wages.
Christian Sewing, Chief Executive Officer of Deutsche Bank, said: “We are very pleased with the first-quarter results that have pushed us towards achieving all of our 2025 goals. Our best quarterly profit in fourteen years of revenue growth and low costs shows that our Global Hausbank strategy is working well.”
“This puts us in a very strong position to support our customers in a rapidly changing geopolitical and macroeconomic environment.”
Corporate bank division %3 increase to 632 million Euro’, while the investment banking branch %With 22 increases, it reached 1.5 billion Euro’. Private banking arm increase to 490 million Euro’, while the asset management division also %It reached 204 million Euro’ with an increase of 67.
Deutsche Bank Chief Financial Officer James von Moltke said: “2025In the first quarter of ’, we reaped the fruits of consistent strategy execution, while achieving strong earning momentum through double-digit revenue growth and ongoing cost discipline.
“ Our strong balance sheet on all measurements puts us in a good position to navigate volatile markets and gives us a solid foundation to raise Deutsche Bank’'s profitability to the next level in the coming years.”
