(Finance) – Deutsche Bank it closed the first quarter of the year with a pre-tax profit of 1.7 billion, up 4% and a net profit up 18% to 1.2 billion. RoTE is at 8, CET1 at 12.8%.
The cost / income ratio is 73%, down from 77% in the first quarter of 2021.
“In this quarter we have demonstrated the strength and resilience of our Global Hausbank” – said the CEO Christian Sewing -. “The priority has been to enable our clients to respond quickly to geo-political events and to protect themselves from risks. All of our activities have achieved results in line with or beyond targets and we have produced the highest quarterly profit of the last nine years. ”
“In a challenging scenario – underlined the CFO James von Moltke – we reported both revenue and earnings growth across all of our core businesses. Our quarterly revenues show a clear trend towards our 2022 targets. We believe that this momentum, together with continued cost discipline and organic generation of capital, will lead us to be well positioned to reach the 2022 targets. “