Frankfurt Despite the increased uncertainty caused by the war in Ukraine, Deutsche Bank made a robust start to 2022 and remains on course to achieve its restructuring goals. “The results of all business areas are in or above plan, and we have achieved our highest quarterly profit in nine years,” emphasized CEO Christian Sewing on Wednesday when the business figures for the first quarter were presented.
Germany’s largest money house earned the bottom line – after deducting interest on subordinated bonds – 1.06 billion euros after 908 million euros a year ago. Analysts had expected around 950 million euros on average. Deutsche Bank was thus able to report its seventh quarter of profits in a row. Group income rose by one percent to 7.3 billion euros.
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