Financial News
Written by: Zhang Weilun
2020-07-29 17:28
Last update date: 2020-07-29 17:28Deutsche Bank announced a loss of 77 million yuan in the second quarter (euro ‧ the same below), a loss for the fifth consecutive quarter, which was significantly narrower than the loss of 3.27 billion yuan in the same period last year.
During the period, Deutsche Bank's revenue increased by 1% to 6.29 billion yuan, investment banking revenue rose 46% year-on-year, and fixed income business revenue rose 39%.
However, the bank made a provision of 761 million yuan for non-performing loans in the previous quarter, the highest level in the past 11 years, to prepare for the wave of loan losses caused by the new crown pneumonia epidemic.
The chief executive officer of Deutsche Bank Asia Pacific will be changed to Singapore from the beginning of the month
Deutsche Bank's restructuring structure cuts 18,000 employees worldwide and exits the stock business
Deutsche Bank