The profits of Deutsche Bank exceeded the forecast for the second quarter

Deutsche bank-business-people re-el magazine

31 July 2015

Tags:business, business news  financial news, business finance, small business websites




Frankfurt, Germany

Deutsche Bank announced a significant increase in the earnings for the second quarter thanks to unexpectedly high revenues from investment banking activities and the lowest burden of taxes, warning, however, that difficulties remain, according to the Wall Street Journal.

The biggest German bank said its net profit more than tripled to 796 million euros from 237 million in the respective period in last year, revenues stood at 9.2 billion euros from 7.86 billion euros.

Analysts on average had expected net profit to be formed around 721 mil. euros and revenues to 8.7 billion euros, based on estimates of analysts that have been provided by the bank.

There was a significant burden for Deutsche Bank at the expenses of litigation, which amounted in the second quarter to 1.2 billion euros from 470 million euros a year earlier.

Tags:business, business news  financial news, business finance, small business websites

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