Figures across the private banking and wealth management side of the Frankfurt-headquartered group were broadly positive.

Deutsche Bank said net revenues at its private bank rose 4 per cent in the third quarter on a year earlier to €2.4 billion ($2.79 billion), while net interest income in this division rose 9 per cent to €1.6 billion.

Net commission and fee income was flat at €725 million.

Assets under management were €675 billion, reflecting €13 billion of net inflows and €16 billion in positive market development.

For the first nine months of the year, private banking net revenues rose 3 per cent to €7.2 billion.

Group figures 
The lender said that across all its divisions, it made a pre-tax profit of €2.4 billion, up 8 per cent year-on-year. That figure would have surged 34 per cent had the positive impact of around €440 million from the partial release of Postbank-related litigation provision in the prior year quarter been excluded. Net profit rose 9 per cent year-on-year to €1.8 billion. The return on tangible equity ratio was 10.7 per cent; its cost/income ratio was 64.4 per cent.

Net revenues rose by 7 per cent year-on-year to €8.0 billion; non-interest costs were €5.2 billion, rising 9 per cent on a year before.

Adjusted costs, which exclude litigation and other nonoperating items, were flat on a year ago at €5.0 billion. Provision for credit losses fell 16 per cent year-on-year to € 417 million.

“We delivered record profits in both the third quarter and first nine months of 2025, demonstrating the value to clients and shareholders of our Global Hausbank in a fast-changing environment,” Christian Sewing, Deutsche’s chief executive, said. “We are on track to deliver on our 2025 financial targets and, having increased shareholder distributions by 50 per cent in each of the last three years, we are on course to return over €8 billion to shareholders from 2022 to 2026.”

The Common Equity Tier 1 capital ratio was 14.5 per cent at the end of the third quarter, up from 14.2 per cent in the previous quarter.