Deutsche feels chill wind of conscious uncoupling CGAThompson
Deutsche Bank on April 26 reported a 32 percent year-on-year decline in first-quarter pre-tax profit to 292 million euros, on net revenue which fell by one-tenth to 6.4 billion euros.
Net revenue at the German lender’s corporate and investment banking division decreased by 13 percent year-on-year to 3.3 billion euros. The bank made an annualised 1.3 percent return on tangible equity in the quarter, compared to 0.9 percent over the same period in 2018, mostly due to a lower tax rate.
The bank’s common equity Tier 1 capital ratio was 13.7 percent, compared to 13.6 percent at the end of 2018.
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