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Deutsche Bank Q1 profit before tax 206 million euros

Christian Fernsby |
Deutsche Bank reported first quarter Group profit before tax of 206 million euros, compared to 292 million euros, prior year.

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The group noted that its first quarter group profit before tax was after bank levies of 503 million euros, transformation-related effects of 172 million euros and costs of ongoing Capital Release Unit wind-down.

Loss attributable to shareholders was 43 million euros compared to profit of 97 million euros.

Adjusted profit before tax rose 13% year-on-year to 303 million euros.

Core Bank adjusted profit before tax increased 32% to 1.1 billion euros.

First quarter Group revenues were 6.4 billion euros, flat year-on-year, despite the bank's exit from equities trading in July 2019.

Revenues in the Core Bank were 6.4 billion euros, up 7% year-on-year both on a reported basis and excluding specific items.

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