Deutsche Bank reports profit before tax of € 1.6 billion, its highest third quarter since 2006

Post-tax profit rises more than threefold year on year to € 1.2 billion

Post-tax return on tangible equity (RoTE)1 of 8.2%, up from 1.5%
Cost/income ratio of 72%, down from 89% in the prior year quarter
Net revenues rise 15% year on year to € 6.9 billion with growth in all core businesses

Corporate Bank up 25% to € 1.6 billion
Investment Bank up 6% to € 2.4 billion
Private Bank up 13% to € 2.3 billion
Asset Management up 1% to € 661 million
Noninterest expenses down 8% year on year to € 5.0 billion

Adjusted costs ex-transformation charges and bank levies¹ up 4% to € 4.8 billion, down 1% year on year if adjusted for FX movements
Core Bank pre-tax profit more than doubles year on year to € 1.8 billion

Post-tax RoTE¹ of 9.9%, up from 3.9% in the prior year quarter
Cost/income ratio improves to 68%, down from 83% year on year
Capital Release Unit: further de-risking and cost reduction in the quarter

Leverage exposure reduced from € 29 billion to € 25 billion
Noninterest expenses down 33% year on year to € 208 million
Common Equity Tier 1 (CET1) ratio of 13.3%, up from 13.0% in the second quarter

First nine months: revenue and profit growth with progress toward key targets

Net revenues up 7% year on year to € 20.9 billion
Pre-tax profit up 46% to € 4.8 billion, post-tax profit up 68% to € 3.7 billion
Post-tax RoTE1 of 8.1%, up from 4.8% in the first nine months of 2021
Cost/income ratio of 73%, down from 82% in the prior year period
Provision for credit losses of 24 basis points of average loans

Full press release