Despite the rumours yesterday that Deutsche Bank was going to report a massive loss, the bank came out this morning with a surprisingly good set of numbers.

A few headline numbers:

• Pre-tax profit up 5% - year over year -, it now stands at €8.7 billions
• Revenues have risen by 2%, and now stand at €30.8 billions
• Costs have also gone up 8%, at €21.4 billions
• Credit costs doubled, but only to €612 millions - which is still very low and reflects both the acquisition of Berliner Bank and deteriorating credit.

Entry was posted on Thursday, February 14th, 2008 at 6:58 pm under NewsWire Category. Leave a response, or trackback from your own site.