This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Deutsche Bank Surprises Street with Q4 Profits
January 28, 2022
Deutsche Bank reported a net profit of €145mn surprising street expectations of a loss of €127.6mn. This was its sixth consecutive quarter of profit and almost 3x higher YoY. Deutsche’s results were helped by €1.9bn in IB revenues, up 1% with a 29% growth in origination and advisory revenue largely offsetting its 14% decline in FICC business. Private Bank net revenues were up 4% to €2bn, up 4% and corporate bank revenues grew 10% to €1.4bn, the highest revenues of any quarter since the formation of the corporate bank in 2019. Provision for credit losses were at €254mn, flat as compared to Q4 2020. The bank’s CET1 ratio stood at 13.2% at end-2021, down 40bp YoY.
Deutsche Bank’s dollar bonds were stable with its 7.5% Perps at 106.21, yielding 5.35%.
For the full story, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.