Frankfurt (Reuters) – Deutsche Bank posted a 39% increase in the first quarter on Tuesday after its global investment bank division generated a sharp increase in income in transactions on bonds and currencies during the market voltility period.
Deutsche Bank, the largest bank in Germany, recorded a net profit, part of the group, of 1.78 billion euros during the quarter, up compared to 1.28 billion euros the previous year.
This result exceeds the expectations of analysts who tapped over a profit of around 1.64 billion euros.
These figures mark the beginning of a crucial year for the bank, which ends a three -year plan and attempts to achieve a series of objectives that some analysts consider it too ambitious.
The results “put us on the right track to achieve all our objectives for 2025,” said President and CEO Christian Sewing.
The investment bank was the main source of Deutsche income. The turnover of its fixed and exchange operations, one of the largest activities in the bank, increased by 17%, which is greater than the expectations that were 10.3%.
(Written by Tom Sims and Matthias Inverardi, Mara Vîlcu for the , edited by Augustin Turpin)
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