Deutsche Bank Reports Strong Q1 Performance... Net Profit Up 8%

Deutsche Bank, Germany's largest bank, which was engulfed in crisis rumors following the bankruptcy of Silicon Valley Bank (SVB) in the United States, reported strong performance in the first quarter of this year.

On the 26th (local time), Deutsche Bank announced in its earnings report that its first-quarter net profit increased by 8% to 1.32 billion euros compared to 1.23 billion euros in the same period last year. This significantly exceeded market expectations of $1.17 billion.

During this period, revenue rose 5% year-on-year to 7.68 billion euros. By segment, corporate banking and retail banking revenues increased by 35% and 10% respectively compared to the same period last year, while investment banking revenue fell by 19%.

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