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According to CNBC, Deutsche Bank reported a loss for the first time in fifteen quarters. The average expectation of analysts surveyed by LSEG was a €145 million loss.
The bank made €763 million in net profit from April to June of 2023.
The bank had earlier issued a warning, stating that it might have to pay an extra €1.3 billion to Postbank's former owners in the event of a legal procedure. The shareholders contend that the bank's worth at the time of the purchase was undervalued.
The bank’s revenue added 2% and rose to €7.6 billion.
During the year, the bank's fee and commission income increased by 9% to €624 million, but its net interest income decreased by 2% to €1.3 billion.
source: cnbc.com
The bank made €763 million in net profit from April to June of 2023.
The bank had earlier issued a warning, stating that it might have to pay an extra €1.3 billion to Postbank's former owners in the event of a legal procedure. The shareholders contend that the bank's worth at the time of the purchase was undervalued.
The bank’s revenue added 2% and rose to €7.6 billion.
During the year, the bank's fee and commission income increased by 9% to €624 million, but its net interest income decreased by 2% to €1.3 billion.
source: cnbc.com
