Deutsche Bank reported a record first-quarter post-tax profit of €2.2 billion. This figure represents an 8% increase over the previous year. The results surpassed analyst expectations.
Total revenue reached €8.7 billion. This represents a 2% increase. Growth in the private bank and asset management divisions drove the gains alongside strong client activity. Assets under management saw net inflows of €22 billion.
The bank's cost-to-income ratio improved to 58.9% due to continued cost discipline. Deutsche Bank confirmed a full-year revenue target of approximately €33 billion. The lender is proceeding with a €1 billion share buyback program.