Overview

• Deutsche Bank's Q3 FY23 saw a 3% year-on-year revenue growth, rising to €7.13 billion ($7.76 billion), surpassing the consensus of $7.11 billion.
• Corporate Bank net revenues witnessed a 21% Y/Y growth to €1.89 billion due to strong net interest income and pricing discipline across segments. Private Bank revenues also increased by 3% Y/Y to €2.34 billion.
• The company's Investment Bank and Asset Management revenues experienced a decline, with the former falling 4% Y/Y to €2.27 billion and the latter 10% Y/Y to €594 million.
• Deutsche Bank's provision for credit losses stood at €245 million, down from €401 million in Q2 2023, and its Common Equity Tier 1 capital ratio stood at 13.9%, up from 13.8% at the end of Q2 2023.
• Despite an 8% dip in net profit, Deutsche Bank was successful in improving its capital outlook and is on track for share repurchases and dividends of over €1 billion in 2023. The bank also hinted at its potential to release an additional €3 billion in capital.