Deutsche Bank posts 201m euro profit

Business | 26 Apr 2019 2:58 pm

Deutsche Bank says profits improved by 67 percent in the first quarter, though revenue dropped by 9 percent as proceeds from trading declined sharply. 
Germany's biggest bank reported details of its January-March earnings today, a day after it abandoned talks on a possible merger with German peer Commerzbank. 
The bank said net profit was 201 million euros, compared with 120 million euros a year earlier. 
Revenues dropped to 6.35 billion euros from 6.98 billion euros. The bank said revenues from fixed income sales and trading were off 19 percent at 1.5 billion euros, while those from equity sales and trading dropped 18 percent to 468 million euros. 
Chief Executive Christian Sewing said that "our continued cost discipline helped us to offset lower revenues.'' -AP

 

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