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Deutsche Bank turns to profit in Q3

Christian Fernsby |
Deutsche Bank reported that its third quarter profit attributable to shareholders was 182 million euros, compared to last year's loss of 942 million euros.

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Profit before tax was 482 million euros, compared to a loss before tax of 687 million euros in the prior year quarter. Adjusted profit before tax was 826 million euros, compared to a loss of 84 million euros in the prior year quarter

Net revenues grew 13 percent to 5.94 billion euros from last year's 5.26 billion euros.

The company recorded a 10 percent reduction in noninterest expenses.

Looking ahead, Deutsche Bank said it remains on track to meet all financial and strategic targets related to its transformation plan.

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