Deutsche Bank Private Bank Profit Rises 39% to €681m with AUM Up 10%
Deutsche Bank’s private banking arm posted Q1 profit before tax of €681m, up 39% year-on-year, with net inflows doubling to €11bn and AUM rising 10% to €694bn. At group level, net revenues increased 2% to €8.67bn, driving profit before tax up 7% to €3.04bn.
1. Private Banking Profit Surge
Deutsche Bank’s private banking arm delivered profit before tax of €681m in Q1 2026, marking a 39% increase from €489m a year earlier. This performance was driven by net inflows doubling to €11bn and assets under management climbing 10% to €694bn.
2. Asset Management Division Growth
The asset management division posted profit before tax of €279m, up 37% from €204m in Q1 2025, while net revenues rose 10% to €802m. Assets under management reached €1.09bn as net flows declined 45% to €11bn, down from €20bn a year ago.
3. Investment Banking and Group Overview
Investment banking net revenues held steady at €3.37bn, but profit before tax fell 7% to €1.44bn. At the group level, net revenues increased 2% to €8.67bn, profit before tax rose 7% to €3.04bn, and credit loss provisions grew 10% to €519m.
4. Strategic Outlook and Capital Management
CEO Christian Sewing highlighted the quarter’s record profit as a strong start to the bank’s next strategic phase. He emphasized focused growth areas, operating efficiencies and disciplined capital management as pillars for sustained shareholder value and global competitive positioning.