Deutsche Bank reports maximum benefit in 14 years

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Deutsche Bank has reported its highest quarterly preview in 14 years, but has warned of the impact of US rates.

The benefit before the tax increased by 39 percent year -on -year to 2.8 million euros in the first quarter of 2025, exceeding the expectations of analysts by 7 percent.

Income grew by 10 percent to the highest level in a decade, increased by the negotiation of bonds and currency in the midst of the volatility of the global market. The costs fell by 2 percent, helped by minors of litigation.

The results put the biggest Germany of Germany “in progress for delivery in all our 2025 goals,” said CEO Christian Sewing on Tuesday. Deutsche Enter a fundamental year with its current long -term strategy that expires.

The performance of the tangible heritage was 11.9 percent in the first quarter, three higher percentage points than a year ago and comfortably above the target of 2025 of the bank of more than 10 percent.

The Deutsche Cost-Insert proportion (a key measure of efficiency) improved abruptly up to 61.2 percent, less than 68.2 percent of the year before, and exceeding the goal of 65 percent of the bank.

The investment bank’s performance was based on the record income of the fixed income division and coins, which increased by 17 percent year after year. This was partially compensated for a decrease of 8 percent of the income of origin and advice, after a significant letter in an unnamed position in finance.

The results of Deutsche have a wider tendency among world banks that have benefited from the volatility of the market triggered by United States’ rates, even when they have begun to increase their feeling.

Although unprofitable loans provisions decreased 27 percent of the year, general provisions for credit losses increased to 471 million euros, 16 percent higher than expected.

The bank cited 130 million euros in provisions to make loans that included overlays “related to uncertainties in the geopolitical and macroeconomic perspectives in the United States.”

“The shadow of a possible world trade war is still on the markets,” the sewing warned in a message to the staff. “And, although we hope that there is no climb, uncertainty and volatility will stay high for the predictable future.”