Deutsche Bank profit rises 7% to €5.1 billion by September

Deutsche Bank reported a 7% increase in net profit to €5.14 billion by September, driven by growth in investment and private banking. Revenue rose to €25.5 billion, a 5% increase from the previous year. The bank raised provisions for credit defaults by 13% to €1.48 billion to mitigate risks in commercial real estate. Despite this, asset quality remains solid, with stable indicators across most portfolios. The bank achieved a record after-tax profit of €5.93 billion and a pre-tax profit of €8.35 billion, reflecting strong performance in key growth areas. CEO Christian Sewing expressed optimism about growth opportunities in Germany and the bank's ability to meet 2026 targets.