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Deutsche Bank Result Q2 2018



  Statues are in front of a Deutsche Bank AG branch in Frankfurt

Krisztian Bocsi | Bloomberg | Getty Images

Statues face a Deutsche Bank AG branch in Frankfurt

Here are some key highlights:

  • Pre-tax profit of $ 711 million ($ 830.48 million), down 13 percent the year before. [19659006] Net profit of 401 million euros
  • The Common Equity Tier 1 (CET1) ratio increased from 13.4 percent in the previous quarter to 13.7 percent

Christian Sewing, Chief Executive Officer of Bank Statement: "In the second quarter, we are redesigning We are making significant changes to our core businesses as promised, we are heading in the right direction, and our balance sheet quality is strong. "

One of the most significant changes was the workforce In the restructuring plans of Deutsche Bank, the number of internal employees at the end of the quarter was 95,429, the lowest level since 2010. Nevertheless, in the framework of the measures introduced in April, the bank has agreed to further reduce its workforce. that since the beginning of the year 2100 people have lost their jobs and the number employees should fall to 93,000 by the end of the year.

Deutsche Bank reshuffled its management in April last year Sewing shifted from the private and commercial side of the bank to the CEO, and at the time of the appointment, many analysts questioned the future of Deutsche Bank's investment banking arm ,

The company and the investment The banking group announced on Wednesday turnover of 3.57 billion euros (4.17 billion euros) compared to 3.85 billion euros in the first quarter of 2018. Turnover in Fixed Income Sales and Trading stood at 1.4 billion euros, down 17 percent year on year, trading fell 6 percent to 540 million euros.


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