Deutsche Bank’s net profit fell by about 8% in Q3

Deutsche Bank’s profits fell by about 8% in the third quarter of this year, but less than expectations.

The German bank said in a statement today, Wednesday, October 25, that it recorded net profits of 1.03 billion euros ($1.06 billion), which exceeds expectations of 997 million euros.

On the other hand, the bank’s net profits increased by about 35% quarterly.

Deutsche Bank’s revenues increased by about 7% to 7.1 billion euros.

The bank expects total revenues for 2023 to reach levels of 29 billion euros.