Deutsche Bank has exceeded expectations, returning to profitability according to sources.
After several years of losses, Deutsche Bank finally returned to profit, surpassing analysts' expectations. The bank reported a net profit of 308 million euros for the third quarter of the current year, while a loss of 187 million euros was predicted. The chief executive of the bank noted that such a result was achieved thanks to the improvement of the bank's overall operations and particularly the increase in profit from investment banking.
"The news about Deutsche Bank's positive profitability is an excellent windfall for a bank that has experienced financial difficulties in recent years," noted a financial analyst.
Despite the increase in profits, the bank also reduced risk on its balance sheet, which adds to investors' confidence in its stability and prospects. The very decision to return to profitability at Deutsche Bank is interpreted as a successful return to the growth path after a prolonged period of trials.
