Deutsche Bank Sees 11-Year High Quarterly Profit

Germany’s largest lender announces €1.45 billion net income for the first three months of the year.

The figure came in above analysts' expectations and also marks the group's highest first-quarter profit since 2013.

Deutsche Bank has recorded a first-quarter net income of €1.45 billion, 10% more than the total made during the same period last year, reported Eleanor Butler for Euronews.

The figure came in above analysts' expectations and also marks the group's highest first-quarter profit since 2013. Net revenues, meaning earnings made before deducting expenses, grew 1% year on year to €7.8 billion, primarily driven by growth in commissions and fee income.

Meanwhile, revenue at Deutsche Bank's investment wing was up 13%, at €3 billion.

This was boosted by a 7% increase in trading of fixed-income assets such as bonds. Origination and advisory revenues within the investment wing were also up 54%, the highest level for nine quarters, and financing revenues saw a 14% year-on-year rise.