Deutsche Bank reports 2022 profit before tax of € 5.6 billion

Profit before tax rises 65% to € 5.6 billion, the highest for 15 years

• Net revenues grow 7% year on year to € 27.2 billion
• Noninterest expenses reduced by 5% to € 20.4 billion
• Cost/income ratio of 75%, down from 85% in 2021
• Adjusted costs ex-transformation charges and bank levies¹ of € 19.0 billion, flat to 2021, down 3% year on year if adjusted for FX movements
• Provision for credit losses of € 1.2 billion, 25 basis points of average loans

Full press release