Q3 2025 Deutsche Bank AG Earnings Call Transcript
Key Points
- Deutsche Bank AG (DB) achieved record profitability in the first nine months of 2025, with revenues of EUR24.4 billion, aligning with their full-year goal.
- The bank's CET1 ratio increased to 14.5% due to organic capital generation and a completed share buyback program.
- All four business segments delivered double-digit profit growth and return on tangible equity (RoTE) in the first nine months.
- The Private Bank saw a 71% increase in profits, with significant growth in Wealth Management and net inflows of EUR25 billion.
- Asset Management achieved a 42% increase in profit before tax, driven by higher revenues and a strong performance in European ETFs.
- Non-operating costs and non-interest expenses were higher year-on-year due to the non-recurrence of a provision release related to the Postbank takeover litigation.
- Stage 3 provisions for credit losses increased to EUR357 million, driven by elevated provisions for commercial real estate.
- The Corporate Bank's revenues remained flat compared to the prior year, with a slight decline in net interest income quarter-on-quarter.
- The Investment Bank faced higher non-interest expenses due to increased deferred compensation and litigation charges.
- The bank's leverage ratio decreased to 4.6%, primarily due to higher loans and commitments alongside increased settlement activity.
Thank you for joining us for our third quarter 2025 results call. As usual, our Chief Executive Officer, Christian Sewing, will speak first; followed by our Chief Financial Officer, James von Moltke. The presentation, as always, is available to download in the Investor Relations section of our website, db.com.
Before we get started, let me just remind you that the presentation contains forward-looking statements, which may not develop as we currently expect. We therefore ask you to take notice of the precautionary warning at the end of our materials.
With that, let me hand over to Christian.
Thank you, Ioana, and good morning from me. As you will have seen, we delivered record profitability in the first nine months of 2025. We are tracking in line with our full year 2025 goals on all dimensions. Nine months revenues at EUR24.4 billion are fully in line with our full year goal of around
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
