Deutsche Bank reports profit before tax of € 1.2 billion in the second quarter of 2021

Net income of € 828 million with post-tax return on tangible equity (RoTE)¹ of 5.5%

Transformation drives second-quarter profit growth

• Core Bank: profit before tax rises 90% to € 1.4 billion
  • Post-tax RoTE¹ of 7.8% with cost/income ratio¹ of 76%
• Capital Release Unit reduces quarterly loss before tax by 56% to € 258 million

Net revenues of €6.2 billion, down 1% as markets normalise in second quarter

Further progress on costs in the quarter

• Noninterest expenses down 7% year on year to € 5.0 billion
• Adjusted costs ex-transformation charges¹ of € 4.6 billion, down 6%