Deutsche Bank AG

Latest Results (12.09.2025):

Deutsche Bank AG has reported a robust financial performance for the first half of 2025, more than doubling its profit before tax to €5.3 billion compared to the same period in 2024. The bank achieved significant revenue growth, cost reductions, and strong capital generation, aligning with its full-year targets and supporting continued growth and shareholder distributions.

Profit Growth

Profit before tax for the first half of 2025 reached €5.3 billion, up from €2.4 billion in H1 2024. Excluding the Postbank litigation impact, profit before tax grew by 37% year-on-year, driven by strong revenue growth and controlled costs.

Revenue Growth

Net revenues increased by 6% to €16.3 billion in the first half of 2025, with the second quarter contributing €7.8 billion, a 3% increase year-on-year. This growth supports Deutsche Bank’s 2025 revenue ambition of around €32 billion.

Cost Efficiency

Noninterest expenses decreased by 15% to €10.2 billion in H1 2025, with significant reductions in nonoperating costs due to lower litigation provisions. Adjusted costs remained flat at €10.1 billion, aligning with full-year guidance.

Strong Capital Generation

The Common Equity Tier 1 (CET1) capital ratio improved to 14.2% at the end of Q2 2025, up from 13.8% in Q1. This growth was driven by strong organic capital generation through retained earnings, supporting the bank’s commitment to a 50% payout ratio and ongoing capital distributions.

Second Quarter Performance

In the second quarter of 2025, profit before tax was €2.4 billion, a 34% increase year-on-year excluding Postbank litigation impacts. Net profit surged to €1.7 billion, with revenues up 3% to €7.8 billion and noninterest expenses down 26%.