Deutsche Bank's Q2 net revenues up 1.4% YoY

Wednesday, 29. July 2020 07:10

Deutsche Bank AG's total net revenues stood at €6.3 billion in the second quarter of fiscal 2020, up 1.4% on a yearly basis, the bank revealed on Wednesday.

Diluted loss per share stood at €0.15 in the three-month period ending with June 30, 2020, decreasing by 91% from the same trimester a year ago. Loss attributable to the bank's shareholders dropped 98% year on year to €77 million in the second quarter.

"In a challenging environment we grew revenues and continued to reduce costs, and we're fully on track to meet all our targets. This enabled us to more than offset higher provision for credit losses and remain profitable while supporting clients through difficult conditions. Our strong capital position not only demonstrates our resilience, but also gives us scope for growth," CEO Christian Sewing said in a statement.

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