Deutsche Bank has reported a sharp fall in profits, in part due to weaker performance in investment banking during the eurozone debt crisis.
Net income for the first three months of the year was 1.4bn euros ($1.9bn; £1.1bn), down 35% on the 2.1bn euros the bank made a year earlier.
Revenue was down 12% at 9.2bn euros.
The bank said although the business environment was "more stable" than at the end of last year, it was "far less favourable" than a year earlier.
Germany's biggest bank also took a 257m euro hit after writing off a loan to pharmaceutical company Actavis.
Revenues at the bank's investment banking division fell 8% to 6.2bn euros, while those at the asset management arm dipped 17% to $3.4bn.
"This is a strong result which reflects good performance across most businesses, despite continued risk discipline and lower client activity than in the prior year," the company said.
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