Increased Profit for Our Website in First Half of 2025 Reaches € 5.3 Billion, Significantly Over Doubling Previous Figures Before Tax

Increased Profit for Our Website in First Half of 2025 Reaches € 5.3 Billion, Significantly Over Doubling Previous Figures Before Tax

Deutsche Bank Reports Strong Second Quarter Performance

Deutsche Bank has announced its financial results for the second quarter of 2025, revealing a cumulative total of sustainable financing and ESG investment volumes since January 1, 2020, amounting to €417 billion. The bank's performance in the second quarter can be found in the Interim Report of June 30, 2025.

The bank's Net Stable Funding Ratio and Liquidity Coverage Ratio ended the second quarter at 120% and 136% respectively, demonstrating a robust liquidity position. High Quality Liquid Assets stood at €232 billion.

Notable transactions in the second quarter included financing for the Central West Orana Renewable Energy Zone network infrastructure in Australia and debt financing for NeXtWind. The bank also acted as Global Coordinator for the Republic of Slovenia's inaugural €1 billion 10-year Sustainability Linked Bond.

Customer deposits for the quarter were €653 billion, while noninterest expenses for the first half of 2025 were €10.2 billion, a 15% decrease from the prior year period. In the second quarter specifically, noninterest expenses were €5.0 billion, a 26% year-on-year decrease.

Provision for credit losses in the second quarter was €423 million, or 36 bps of average loans. This was lower than the provision for non-performing (Stage 3) loans, which stood at €300 million, significantly lower than in previous quarters due to a model update. Provision for performing loans (Stage 1 and 2) was €123 million, higher than the prior year quarter due to regulatory-driven model updates.

The bank's workforce at the end of the first half of 2025 was 89,426 full-time equivalents (FTEs). The bank also published several important statements, including its updated Human Rights Statement, the Supply Chain Due Diligence Act (SCDDA) Policy Statement, and the 2024 Modern Slavery and Human Trafficking Statement.

The Common Equity Tier 1 (CET1) capital ratio ended the second quarter at 14.2%. Restructuring & Severance expenses for the first half of 2025 were €117 million, a 42% year-on-year decrease. Nonoperating costs for the first half of 2025 were €49 million, significantly lower than the prior year period due to non-recurrence of litigation expenses.

The bank received the certificate of 'berufundfamilie +vielfalt' in Germany for being a family-friendly and inclusive employer. The bank also held a workshop with rainforest nations' representatives on the development of carbon credits at the UN Climate Conference in Bonn (SB 61) and sponsored CDP's annual DACH disclosure workshop in Frankfurt.

Postbank Takeover Litigation Impact

The Postbank takeover litigation had a significant impact on Deutsche Bank's profit before tax and noninterest expenses in 2024, but this effect largely reversed by 2025. In the first half of 2024, the bank made a €1.3 billion provision for litigation costs related to the Postbank takeover, which depressed profit before tax and inflated noninterest expenses that period. By contrast, in the first half of 2025, the bank recorded a small provision release (€85 million), which slightly boosted profits and reduced noninterest expenses compared to the prior year.

Excluding these litigation impacts, Deutsche Bank’s core profitability improved substantially with a 37% increase in profit before tax and flat adjusted noninterest expenses. Without excluding the litigation effects, noninterest expenses declined 15% year-on-year (from €12.0 billion to €10.2 billion), partly reflecting the non-recurrence of the large litigation provision in 2024.

Upcoming Events

An analyst call to discuss second-quarter 2025 financial results will take place at 11:00 CEST. A fixed income investor call will also take place on July 25, 2025.

[1]: Source: Deutsche Bank Press Release, H1 2025 Results [2]: Source: Deutsche Bank Press Release, H1 2024 Results [3]: Source: Deutsche Bank Investor Presentation, H1 2025 [5]: Source: Market Analyst Reports, July 2025

1. Deutsche Bank's performance in asset management, wealth management, and private banking sectors, as well as its sustainable finance initiatives, contributed significantly to the €417 billion in sustainable financing and ESG investment volumes since January 1, 2020.
2. In the second quarter of 2025, Deutsche Bank acted as a global coordinator for the Republic of Slovenia's inaugural €1 billion 10-year Sustainability Linked Bond, showcasing its commitment to business practices that align with long-term finance goals and support a sustainable economy.
3. As part of its personal-finance services, Deutsche Bank published several important statements, including the updated Human Rights Statement, the Supply Chain Due Diligence Act (SCDDA) Policy Statement, and the 2024 Modern Slavery and Human Trafficking Statement, demonstrating its commitment to ethical and responsible business practices.
4. In the second quarter of 2025, Deutsche Bank held a workshop with rainforest nations' representatives on the development of carbon credits at the UN Climate Conference in Bonn (SB 61), further emphasizing its role in financing projects that promote environmental sustainability.

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