Deutsche Bank Q1 Revenue Up 2% (6% Excl. FX), RoTE 12.7%
Deutsche Bank reported Q1 revenue of EUR8.7 billion, up 2% (6% excl. FX), with a 12.7% post-tax RoTE and cost-income ratio below 59%. Assets under management rose 9% to EUR1.8 trillion with EUR22 billion net inflows and profit before tax grew 7% year-on-year.
1. Q1 Financial Results
In Q1 2026, Deutsche Bank reported revenue of EUR8.7 billion, up 2% (6% excluding FX), with profit before tax rising 7% year-on-year. Net interest income reached EUR3.5 billion, noninterest expenses fell 2% to EUR5.1 billion, post-tax RoTE hit 12.7% and cost-income ratio improved below 59%.
2. Asset and Deposit Growth
Assets under management climbed nearly 9% to EUR1.8 trillion, driven by net inflows of EUR22 billion, while loans rose to EUR486 billion and deposits grew 3% to EUR687 billion. Private Bank client assets increased by EUR30 billion since the start of the year.
3. Division Performance
Corporate Bank RoTE stood at 14.8%, although revenues dipped 3% due to FX and rate headwinds. Investment Bank revenues were flat year-on-year despite market volatility, while Asset Management saw net inflows of EUR11 billion.
4. Outlook and Guidance
The group maintained a CET1 ratio of 13.8% and took a EUR90 million overlay for macro uncertainties, including Middle East risks. Management reiterated its confidence in achieving a EUR33 billion 2026 revenue target despite FX dynamics and geopolitical tensions.