Numbers for revenues and assets under management at the private banking arm of the German lender rose slightly in the second quarter of 2025.

Deutsche Bank today said private bank net revenues in the second quarter of 2025 were €2.4 billion ($2.82 billion), rising 2 per cent on a year before. 

Private bank net interest income rose 5 per cent to €1.5 billion. Net commission and fee income grew 1 per cent year-on-year to €739 million, driven by growth in investment product revenues in line with strategy. 

In wealth management and private banking, revenues rose by 2 per cent to €1.1 billion, aided by growth in investment product revenues. 

Assets under management were €645 billion, driven by €6 billion net inflows and €7 billion in positive market development, partly offset by a negative foreign exchange impact – such as a weaker dollar – of €11 billion.

Group results
The Frankfurt-listed bank said Q2 2025 pre-tax profit was €2.4 billion, surging 34 per cent on a year before, when the impact caused by Postbank litigation is stripped out. Net revenues rose 3 per cent to €7.8 billion. The bank has reached a number of settlements relating to its takeover of Postbank. Deutsche was sued by private and institutional investors claiming that it underpaid in its multistage acquisition of Postbank, a German retail bank with millions of clients. The institutions merged in 2018.

Noninterest expenses fell 26 per cent on a year before, to €5.0 billion. Provision for credit losses fell 11 per cent in Q2 from a year earlier. 

For the first six months of 2025, pre-tax profit more than doubled to €5.3 billion from €2.4 billion a year before. In the first-half period, the lender had a cost/income ratio of 62.3 per cent.

“Despite a more challenging environment in the quarter, Deutsche Bank again delivered a post-tax RoTE [return on tangible equity] of above 10 per cent, demonstrating the strengths of our underlying business model,” Christian Sewing, CEO, said. “We are very happy to have delivered our highest second quarter and first-half year profits since 2007.”

At the end of June, Deutsche Bank had a Common Equity Tier 1 ratio – a standard measure of a bank’s capital buffer – of 14.2 per cent.