German banking group Deutsche Bank announced an increase in its profits before taxes during the first quarter of this year, by 12% annually, to 1.85 billion euros, compared to 1.66 billion euros during the same period last year.
The net profit of the largest banking group in Germany during the first quarter of this year increased by 9% annually to 1.16 billion euros, compared to 1.06 billion euros last year.
Earnings per share amounted to 0.61 euros, compared to 0.55 euros during the same period.
Deutsche Bank’s net revenues increased during the first quarter by 5% annually to 7.68 billion euros, compared to 7.33 billion euros during the first quarter of last year.
At the same time, Deutsche Bank expects that provisions to cover loan losses will continue during the current year as a whole at previously announced levels, which range between 0.25% and 0.30% of total regular loans.
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