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Deutsche Bank - Q3 2020 results

30.10.2020 16:29
Strongest quarterly profit of the current year
- Profit of 309 million euros with profit before tax of 482 million euros
- Nine-month profit of 435 million euros and profit before tax of 846 million euros
Group net revenues grew 13% year-on-year to 5.9 billion euros in the quarter
- Core Bank net revenues up 9% year-on-year to 6.0 billion euros
- Investment Bank net revenues of 2.4 billion euros, up 43%
- Private Bank stable as volume growth offsets interest rate headwinds
- Corporate Bank down 5%, 2% ex-FX translation effects, as deposit repricing partly offsets interest rate headwinds
- Asset Management net revenues up 4% with net inflows of 11 billion euros
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