Deutsche Bank set aside EUR 761 million in the second quarter to cover losses on bad loans. This is the largest supply in 11 years, but slightly less than the bank had announced in June. The results of the Financial Group have been helped by the trading frenzy of investors in recent months, especially in bonds.

The bank’s income in the second quarter amounted to EUR 6.3 billion. That was 1% more than in the same period last year. However, Deutsche Bank spent less on bonuses, salaries and overheads, for example, and there were no large write-offs like last year, so that a profit of EUR 61 million went into the books. In the second quarter of 2019, there was another loss of 3.2 billion euros.

Deutsche Bank further states that the reorganisation is fully on schedule. Topman Christian Sewing announced that the bank can still achieve “all its goals”.

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