Deutsche Bank reports € 1.7 billion profit before tax in the first quarter of 2022

Profit before tax up 4% to € 1.7 billion with net profit up 18% to € 1.2 billion

• Post-tax return on tangible equity (RoTE)¹ of 8.1%
• Cost/income ratio of 73%, down from 77% in prior year quarter
• Profit grew despite 28% increase in bank levies to € 730 million

Core Bank profit before tax of € 2.0 billion, post-tax RoTE¹ of 10.7% and cost/income ratio of 69% with profit growth across all businesses

• Corporate Bank up 25% to € 291 million
• Investment Bank up 1% to € 1.5 billion
• Private Bank up 54% to € 419 million
• Asset Management up 12% to € 206 million

Full press release