Deutsche Bank's net profit increased by 10% year-on-year to 1.5 billion euros in the first quarter of 2024. This is stated in the bank's message.
Profit before tax increased by 10% to 2.0 billion euros.
Net revenue increased by 1% year-on-year to 7.8 billion euros, mainly due to an 11% increase in fees and commission income.
Assets under management increased by 72 billion euros, including net inflows of 19 billion euros through Private Bank and asset management.
Non-interest expenses decreased by 3% year-on-year to 5.3 billion euros.
Adjusted costs decreased by 6% to 5.0 billion euros in line with the forecast for 2024.
