Deutsche Bank (DBK) Q1 REPING 2025

On Tuesday, the largest bank Deutsche Bank recorded higher profits than expected in the first quarter of the strong investment banking performance, but raised the provisions of credit as lenders in the largest economy in Europe, moving the turmoil amid American tariff policies.

The net profit, which is attributed to shareholders, reached 1.775 billion euros ($ 2.019 billion) in the first quarter, an increase of 39 % year on year and above analysts’ expectations by about 1.64 billion euros, according to the Reuters poll. The bank informed a profit of 106 million euros for December quarter.

Revenue amounted to 8.524 billion euros during this period, an increase of 10 % on an annual basis and above 7.224 billion dollars in the fourth quarter.

In a statement accompanying the results, the CEO of Deutsche Bank Chrostian Sewing said that the publication “we put on the right track to deliver all our goals for 2025” and was characterized by “the best quarterly profit for fourteen years.”

The lender shares increased by 2.5 % at 08:11 am London time, shortly after the market opened.

Among the most prominent other fourth quarter:

• Profit before the tax amounting to 2.837 billion euros, an increase of 39 % on an annual basis.
• The CET 1 capital, a measure of banking soluble, was 13.8 %, and it did not change from the fourth quarter.
• Post -tax revenue at the concrete stock rate (ROTE) of 11.9 %, compared to 10 % for 2025.
• The provision of credit losses reached 471 million euros, compared to 420 million euros in the fourth quarter, as the bank informed “the passes related to the cracks of suspicions of geopolitical expectations and the economic college in the United States with the total economic impacts and the wallet in the first quarter.”

The lender’s basic investment banks department increased by 10 % on an annual basis in net revenue to 3.4 billion euros in the first quarter, with a 17 % increase in the fixed income unit and powerful currencies (FIC) traditionally decreased by 8 % in construction and consulting.

The net asset management revenues increased by 18 % to 730 million euros in the first quarter.

Deutsche Bank relied on his investment arm to make decreasing gains from loans Upon interest rates decreased. The investment banking process of the lender, the backbone of its growth, expanded by 30 % annually to 2.4 billion euros in the fourth quarter, and increased by 15 % year on an annual basis to 10.6 billion euros over the year 2024.

“We see momentum across companies, and we believe this will continue in the rest of the year. We also maintain discipline in expenses, so we overcome these two lines,” James von Malltec, financial manager of Deutsche Bank, told CNBC’s Annette Weisbach on Tuesday.

“In general, a strong set of results, but perhaps not as strong as at first glance,” said City analysts in a note.

German banks benefit from benefiting from the country’s political environment settling under the potential supervision of a coalition in the middle led by Friedrich Mirz of the Christian Democratic Union, after the turmoil in late 2024 The elections were extracted earlier this year.

Berlin has since signed the reform of the financial policy of prominent debts with the attention of higher defense expenditures, waving the expectations of the planned regional investment, and giving a boost to German shares.

“It is clear that we are dealing with a lot of uncertainty on the side of the policy in the minutes, but we also have some certainty, for example, on the net interest income,” Von Malltec said, adding that Deutsche Bank has surrounded “almost every” of the risk of class price for 2025, which leaves it confident in the next performance of the private bank unit.

He said: “We see the momentum there to be strong. We also believe that () companies bank will pick up the momentum with the passage of the year and some political changes, especially in Germany, on the financial side, and this feeds on the flow of confidence.”

“In Germany, stock markets are actually stronger, so it supports the faith of investors and their faith again in the German, European economy, the incoming government and the policies they set,” said Stephen Simon, CEO of Deutsche Bank America, CEO of Deutsche Banks America. He pointed out that the European competitiveness must be “enhanced” amid a broader vigilance call to the continent, which is currently struggling with a possible trade war during the era of US President Donald Trump.

In light of the latest protection measures from the White House, the European Union was slapped with 20 % definitions, although this is currently reduced to 10 % until July 9 to pave the path for additional commercial negotiations.

“It is fair to say that the United States and the Americas are one of the main regions of Deutsche Bank, especially in growth expectations,” Simon said, adding that the bank sees the potential for growth in credit trading, prices, integration and purchase in corporate financing.

Speaking of CNBC in January, Von Molkte estimated that the loan in the United States represents nearly 20 % of its work at that time, stressing that its operations in the region still have a space for “delivery and crystallization in the future.”

On Tuesday, the financial manager admitted the current uncertainty in the financial markets as a result of the United States tariff policies, which benefited from FIC’s lender trading – while accustoming to credit rulings directives.

With regard to the bank’s non -performance exposure, he said: “Based on the provisions of credit loss, we have already approached the guidance.” “What we did, though, was placed in some passes to reflect the unusual environment that we really expect and really expect a kind of potential erosion of total economic variables. We believe this is wise and appropriate, but where we play this year it will depend a lot on the total direction.”