Banks – Frankfurt am Main – Deutsche Bank presents interim balance sheet: Higher renovation costs – economy
Directly from the dpa news channel
Frankfurt / Main (dpa) – Deutsche Bank has been building since 2019. The board of directors around CEO Christian Sewing sees its course as confirmed by the latest results. After the most successful half-year since 2015, the Frankfurt-based Dax group is presenting its interim results for the third quarter today.
Analysts calculate both before and after taxes with black numbers for the period July up to and including September 2021. Of a pre-tax profit of around 460 million euros, they estimate that around 135 million euros will remain with Deutsche Bank shareholders. In 2021 as a whole, the experts trust the institute to generate billions in profit.
In the interim balance it will become noticeable that the management is taking more money in hand for the realignment of the largest German financial institution than finally estimated. In the current year, CFO James von Moltke had said that the Bank will have to raise around 700 million euros in addition for computer systems, job cuts and the reduction of office space.
© dpa-infocom, dpa: 211026-99-745463 / 2