Deutsche Bank turns to profit in Q3
Topics: DEUTSCHE BANK
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. ■