The bank’s long-running restructuring showed in lower costs
Topics
Deutsche|Banking sector|Banks
AP | Frankfurt (Germany)
Last Updated at April 28, 2021 13:58 IST
Deutsche Bank saw its strongest quarterly profits in seven years as the bank’s long-running restructuring showed in lower costs and as it suffered fewer loan losses due to an improving economic outlook as growth slowly rebounds from the pandemic.
Profit attributable to shareholders was 908 million euros (USD 1.1 billion) in the first three months of the year compared with a loss of 43 million euros in the year-earlier period. Top-line revenues rose 14 per cent to 7.23 billion euros.
Among the factors contributing to the improved result was releasing money that …
Read the full article at: https://www.business-standard.com/article/international/restructuring-deutsche-bank-shows-strongest-quarter-in-seven-years-121042800511_1.html