Net profit of Deutsche Bank decreased 2.2 times in nine months

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Following the results of the first nine months of 2018, Deutsche Bank reported a decrease in net profit 2.2 times compared to the same period last year to 750 million euros. Revenue decreased by 5% to 19 billion 741 million euros. The largest bank in Germany also reported a reduction in net profit in the third quarter 2.8 times to 229 million euros. According to experts, an even greater decline was expected — to 149 million euros. Quarterly revenues amounted to 6 billion 175 million euros, a decrease of 9% over the year. Nevertheless, bank executive director Christian Sewing expects completion of 2018 with a profit for the first time since 2014.

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