Deutsche Bank reports profit before tax of € 1.5 billion, its highest 2Q profit since 2011

Profit before tax up 33% to € 1.5 billion with post-tax profit up 46% to € 1.2 billion

• Post-tax return on tangible equity (RoTE)¹ of 7.9%, up from 5.5% in the second quarter of 2021
• Cost/income ratio of 73%, down from 80% in the prior year quarter

Net revenues up 7% to € 6.6 billion driven by growth across all core businesses

• Corporate Bank up 26% year on year to € 1.6 billion
• Investment Bank up 11% to € 2.6 billion
• Private Bank up 7% to € 2.2 billion
• Asset Management up 5% to € 656 million

Full press release