Private Bank Revenues, Profits Rise At Deutsche Bank

Editorial Staff

30 April 2025

Private bank net revenues in the first quarter of 2025, at €2.4 billion ($2.73 billion), rose 3 per cent year-on-year, announced yesterday.

Pre-tax profit at the private bank rose 43 per cent to € 490 million, it said in a statement.

Noninterest revenues at the private banking side of the Frankfurt-listed lender rose, driven by what it called “strong growth in investment product revenues in line with strategy.” Net commissions and fee income grew 5 per cent to €832 million, while net interest income gained 2 per cent to €1.5 billion.

Deutsche said revenues in its personal banking business dipped by 2 per cent on a year earlier to € 1.3 billion. Growth in investment products and deposit revenues was more than offset by lower lending revenues.

Across all of wealth management and private banking, revenues grew 8 per cent to €1.1 billion, driven by growth in investment product revenues.

Assets under management were €632 billion at the end of the quarter, as net inflows of €6 billion were offset by €8 billion in negative impacts from market developments and foreign currency movements.

Group results
Across the whole of Deutsche Bank’s divisions, the lender said it logged pre-tax profit of €2.8 billion, rising 39 per cent over first quarter of 2024.

Deutsche said it had a Common Equity Tier 1 (CET1) capital ratio unchanged at 13.8 per cent.