Deutsche Bank performed better than expected in the second quarter. This was shown on Wednesday by figures from the German bank.

Although the bank’s income decreased by 1 percent to 6.2 billion euros, the net result rose from a loss of 77 million euros to a profit of 692 million euros. Analysts had expected less of this.

A good thing was that there was hardly any provision for bad loans. Deutsche Bank put 761 million euros in the so-called slotting pot in the second quarter of 2020, but last quarter it was only 75 million euros. For the whole of 2021, the bank is counting on fewer provisions than it did before.

The German bank also managed to reduce costs further. The so-called cost income ratio fell on an annual basis from 85 to 80 percent.

Deutsche Bank had a CET1 ratio of 13.2 percent at the end of June. That was half a percentage point less than a quarter earlier.

Finally, the bank also decided to repeat its goals for 2022.

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