Deutsche Bank profits surge 39% in Q1 2025, exceeding expectations

Deutsche Bank, Germany's largest bank, reported a net profit of €1.775 billion for the first quarter of 2025, a 39.2% increase compared to the same period in 2024. The bank's net revenue reached €8.524 billion, up 9.6% year-over-year. This growth occurred despite a 1% decrease in corporate banking revenue, which totaled €1.866 billion. Investment banking saw a 10% increase in revenue, reaching €3.362 billion. Private banking improved by 3% to €2.439 billion, while asset management grew by 18% to €730 million. Deutsche Bank's CET1 ratio stood at 13.8%, consistent with the previous quarter and above the 13.4% recorded a year earlier. The bank absorbed an adverse impact of €471 million due to provisions for credit risk, a 7% increase year-over-year. Customer deposits totaled €665 billion at the end of the first quarter, remaining relatively stable compared to the fourth quarter of 2024 and exceeding the €635 billion recorded in the first quarter of 2024. A dividend of €0.68 per share is proposed for the fiscal year 2024, a 50% increase year-over-year.