Deutsche Bank surprises and back in profit, but there is the lighthouse of the Bank of England – The Republic

MILAN - last year, the third quarter passed into history with a record loss by € 6 billion. This time Deutsche Bank has surprised positively on the workers to work, scoring in the period with a net profit of 256 million euros in spite of a forecast that is shared between analysts in the order of 600-950 million. A breath of oxygen, therefore, the German giant has showed all its frailty in the last few months: from the opaque management of the past, he has bequeathed fines and lawsuits with clients to conduct a little crystalline, the weaknesses of a budget focused on speculative finance that has brought the title to the lowest levels in over thirty years.

That the period was not some shining, for Deutsche Bank, also emerged from the behind the scenes shot on the first page from the Financal Times, according to which the Bank of England would have asked her more institutions supervised detailing the exposures to european banks deemed to be the most fragile: it is not surprising that there is included the Monte dei Paschi di Siena, but rather – and more scared for size – the same Db.

In the period June-September, turnover rose 2% to 7.5 billion. The chairman of the board of management, John Cryan, said: “The restructuring of the bank to proceed on the road marked out for you, but this positive development in the past few weeks has been foreshadowed by the attention focused on the negotiations underway in the united states” to resolve the issue on the sale of obligations secured by subprime mortgages, for which the German bank risk a fine for billions of dollars. Since premercato, the Frankfurt Stock exchange, the securities are still recorded significant flows of purchase.

By the counts also reveal an improvement of capital ratios: the Cet1 rises to 11% against 10.8% in the previous quarter. To push the numbers of the budget over the bar was, in particular, the growth of profits from trading the Global Market, which scored an increase of 10% to 2.6 billion euros. Revenues in the private sector and business customers have benefited from the absence of the loss of one-off extraordinary of last year.

The German bank does not lose the opportunity to underline how the interest rates to zero (very opposed in the Country of Wolfgang Schaeuble) have continued to weigh on the operations of all other sectors, such as Postbank. The costs for arbitration and bonuses are still “lower than the 2015″ while rose for investments in technology.

Topics:

Deutsche Bank

German banks

quarterly 2016

quarterly banks

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