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Analysts have wondered what direction the biggest German lender will take since the new management team took office last April. The new CEO, Christian Sewing, comes from the commercial arm of Deutsche Bank, leading many to wonder whether the bank would focus more on trade and the domestic market.
The investment arm of the bank recorded a 13% drop in revenues in the third quarter of this year, compared to the previous year, to 3 billion euros.
"At the end of the quarter, management had completed the downsizing of the front office and the balance sheet started in the second quarter, and the goal now is to generate growth and returns while continuously improving infrastructure and operations. checks, "said the bank. declaration.
In commercial banking, sales decreased by 3% in the third quarter compared to the previous year, to 2.5 billion euros.
In terms of assets under management, they increased by € 2 billion, to € 694 billion during the quarter, due to changes in the markets and exchange rates.
Deutsche Bank shares rose 2 percent in pre-market trading, according to Reuters. DB shares are down 41% since the beginning of the year.
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