Deutsche Bank AG reported a 17% year-on-year growth in pre-provision profit, reaching EUR7 billion in the first nine months, driven by revenue momentum and cost discipline.
The bank’s nine-month revenues grew by 3% year on year, with 75% of revenues coming from more predictable income streams.

Asset management saw a significant increase, with assets under management growing by EUR67 billion year to date, supported by strong inflows into a diverse product suite.

Provision for credit losses increased to EUR494 million, with Stage 3 provisions rising to EUR482 million, mainly due to transitional Postbank integration effects.

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