Financial Results
Deutsche Bank's Q2 2025 Private Bank Net Revenues Rise Slightly

Numbers for revenues and assets under management at the private banking arm of the German lender rose slightly in the second quarter of 2025.
Deutsche Bank
today said private bank net revenues in the second quarter of
2025 were €2.4 billion ($2.82 billion), rising 2 per cent on a
year before.
Private bank net interest income rose 5 per cent to €1.5 billion.
Net commission and fee income grew 1 per cent year-on-year to
€739 million, driven by growth in investment product revenues in
line with strategy.
In wealth management and private banking, revenues rose by 2 per
cent to €1.1 billion, aided by growth in investment product
revenues.
Assets under management were €645 billion, driven by €6 billion
net inflows and €7 billion in positive market development, partly
offset by a negative foreign exchange impact – such as a weaker
dollar – of €11 billion.
Group results
The Frankfurt-listed bank said Q2 2025 pre-tax profit was
€2.4 billion, surging 34 per cent on a year before, when the
impact caused by Postbank litigation is stripped out. Net
revenues rose 3 per cent to €7.8 billion. The bank has reached a
number of settlements relating to its takeover of Postbank.
Deutsche was sued by private and institutional investors claiming
that it underpaid in its multistage acquisition of Postbank, a
German retail bank with millions of clients. The institutions
merged in 2018.
Noninterest expenses fell 26 per cent on a year before, to €5.0
billion. Provision for credit losses fell 11 per cent in Q2 from
a year earlier.
For the first six months of 2025, pre-tax profit more than
doubled to €5.3 billion from €2.4 billion a year before. In the
first-half period, the lender had a cost/income ratio of 62.3 per
cent.
“Despite a more challenging environment in the quarter, Deutsche
Bank again delivered a post-tax RoTE [return on tangible equity]
of above 10 per cent, demonstrating the strengths of our
underlying business model,” Christian Sewing, CEO, said. “We are
very happy to have delivered our highest second quarter and
first-half year profits since 2007.”
At the end of June, Deutsche Bank had a Common Equity Tier 1
ratio – a standard measure of a bank’s capital buffer – of 14.2
per cent.