Increased profits before tax by 10% year-on-year, reaching €2.0 billion during the initial quarter of 2024, according to our site's report.

Increased profits before tax by 10% year-on-year, reaching €2.0 billion during the initial quarter of 2024, according to our site's report.

Deutsche Bank has made significant strides in the first quarter of 2024, as evidenced by the progress of its Global Hausbank strategy. The strategy, aimed at boosting revenue growth, enhancing operational efficiency, and improving capital efficiency, has shown promising results.

The bank reported a compound annual revenue growth rate of 5.9% over the last twelve months ending mid-2025, which is within its target range of 5.5% to 6.5%. Assets under management increased by €109 billion, thanks to net inflows of €41 billion in the first half of 2025, offsetting negative foreign exchange impacts.

On the operational efficiency front, Deutsche Bank advanced its €2.5 billion savings program substantially. By mid-2025, around €2.2 billion of cumulative savings had been realized or expected, representing 90% of the program target. This was achieved through workforce reductions, particularly in non-client-facing roles, platform optimization in Germany, and strict hiring discipline.

Regarding capital efficiency, the bank further reduced risk-weighted assets (RWA) by €2 billion in the quarter, bringing the total RWA reduction benefits to €30 billion, hitting the high end of its year-end 2025 target range of €25-30 billion.

The bank's profitability metrics also improved significantly. The post-tax return on average tangible equity stood at 11.0%, and the cost/income ratio improved from 78.1% (H1 2024) to 62.3% (H1 2025), aligning with its full-year 2025 goals. Revenues increased 6% year-on-year to €16.3 billion, and costs declined 15% to €10.2 billion, reflecting disciplined cost management and operational efficiency. The bank's CET 1 capital ratio remained robust at 14.2%.

Other key highlights include a provision for non-performing (Stage 3) loans of €471 million, a Leverage ratio of 4.5%, and a Liquidity Coverage Ratio of 136%, both essentially unchanged from the previous quarter. The bank's Private Bank manages €62 billion in ESG assets, while the Corporate Bank has €59 billion in sustainable financing since January 1, 2020. Cumulative ESG-related financing and investment volumes have reached €300 billion.

The bank's Liquidity Coverage Ratio was 136% at the end of the first quarter of 2024, with a surplus of €58 billion. The Common Equity Tier 1 (CET1) capital ratio was 13.4%, compared to 13.7% at the end of the fourth quarter of 2023. High Quality Liquid Assets were €222 billion at the end of the first quarter of 2024, up slightly from the end of the previous quarter.

The rating agency ISS ESG granted the bank's framework its highest possible assessment grade. The bank also participated in a €4.4 billion non-recourse project financing for Automotive Cells Company and received a rating upgrade from the non-profit rating agency CDP. The bank's Investment Bank has a cumulative total of €179 billion in sustainable financing and capital market issuance since January 1, 2020.

The Net Stable Funding Ratio was 123% at the end of the first quarter of 2024, representing a surplus of €112 billion above required levels. Customer deposits rose by €13 billion to €635 billion during the first quarter of 2024.

Management will discuss with shareholders its proposal to link parts of Management Board compensation for 2024 to the carbon emission sectoral targets for the corporate loan portfolio. For the Annual General Meeting on May 16, 2024, a cash dividend of €0.45 per share is proposed, up 50% over 2022. The provision for credit losses was €439 million, or 37 basis points of average loans, in the first quarter of 2024, down from €488 million in the fourth quarter of 2023.

The bank has also published a revised Sustainable Finance Framework and a new Sustainable Instruments Framework for the issuance of social bonds. Net releases of performing (Stage 1 and 2) loans were €32 million in the first quarter of 2024, compared to provisions of €30 million in the previous quarter.

1. Deutsche Bank focuses on various sectors such as wealth management, asset management, and private banking.
2. Sustainable finance is a crucial aspect of Deutsche Bank's growth strategy.
3. The bank's finance department is not only about transactions but also about lifestyle, including food-and-drink and home-and-garden choices.
4. Investing is a key part of the bank's business, whether it's in stocks, bonds, or business ventures.
5. Personal-finance management is essential for individuals and families, and Deutsche Bank offers services in this area.
6. For tech enthusiasts, gadgets are a part of the bank's offering, with a focus on data-and-cloud-computing and technology.
7. Artificial Intelligence (AI) has a significant role in the bank's operations, improving efficiency and services.
8. Deutsche Bank is also involved in publishing and education, offering books and resources for education-and-self-development and personal-growth.
9. Shopping is made easier with the bank's services, offering convenient and secure payment solutions.
10. Social media is used to connect with customers and provide updated information about the bank's services.
11. Career development is supported through the bank's training programs and resources.
12. Casino-and-gambling, casino-games, lotteries, and entertainment are not part of the bank's services.
13. However, sports, especially football, soccer, baseball, hockey, basketball, racing, American football, tennis, sports-betting, and mixed-martial-arts are followed and analyzed by the bank for potential investment opportunities.
14. General news, learning, and knowledge about the world, including sports analysis, are kept updated within the bank.
15. The bank's success is reflected in its financial performance, including its revenue growth, assets under management, and improved profitability metrics.
16. The bank's sustainability efforts are evident in its investments in Sustainable Finance, ESG assets, and its participation in green projects.
17. The bank's capital and liquidity ratios are robust, ensuring stability and security for its operations.
18. The bank is actively working on improving its operational efficiency, with substantial progress in its cost management and hiring discipline.
19. The bank's management is committed to promoting sustainable practices, as shown by its proposal to link executive compensation to carbon emission targets.

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