Deutsche Bank reported a record inflow of €47 billion from new clients during the third quarter. The investment bank also achieved an after-tax profit of €1.9 billion. Despite these results, the broader European banking sector has faced challenges, with stocks declining by 7% since the beginning of September.
The asset management division, DWS, attracted a record €31 billion, primarily driven by passive funds. This shift contributed to a 14% increase in management fees. Simultaneously, the Private Bank segment, which caters to households and high-net-worth individuals, recorded an inflow of €17 billion.
The bank increased its provisions for bad loans by 20% year-on-year to €501 million, citing issues related to commercial property and a specific client case in Asia. Meanwhile, total loan volume grew by 5%, or €22 billion, compared to the previous year.
Following the announcement, Deutsche Bank shares rose by approximately 3% in Frankfurt. The company maintains its revenue target of over €33 billion for 2026 and aims to exceed a 13% return on tangible equity by 2028.
