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Deutsche Bank - Q2 2020 results

29.07.2020 15:44
Deutsche Bank reports pre-tax profit of 158 million euros in second quarter of 2020 with transformation fully on track
2nd-quarter profit despite restructuring and rise in credit loss provisions
• Group pre-tax profit of 158 million euros, versus pre-tax loss of 946 million euros in 2nd quarter of 2019
• Net profit of 61 million euros, versus net loss of 3.1 billion euros in the prior year quarter which included transformation-related effects
• Provision for credit losses of 761 million euros, consistent with management expectations; re-affirming full year guidance of 35-45 basis points of loans
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