Deutsche Bank reported the loss of 77 shareholders on Wednesday million ($ 90.3 million) for the second quarter.
This clearly improves the loss of € 3.2 billion over the same period last year due to mass restructuring and exceeds its own consensus on a net loss of € 133 million. Analysts polled by Reuters forecast a net loss of 182.9 million euros.
The German lender set aside EUR 761 million in provisions for credit losses and said it had significantly increased the provisions of its investment banks to reflect the expected impact of the coronavir pandemic. This figure reaffirmed that the Bank refers to 35-45 underlying loan guidelines throughout the year.
Here are some other highlights from the quarter:
- The group’s net income was € 6.3 billion, up from € 6.2 billion a year ago.
- The general tier 1 capital ratio was 13.3%, compared to 13.4% a year ago.
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