Deutsche Bank presents interim balance sheet: higher renovation costs

Deutsche Bank has been renovating since 2019.

The board of directors around CEO Christian Sewing sees its course as confirmed by the latest results.

After the most successful half-year since 2015, the Frankfurt-based Dax group is presenting its interim results for the third quarter today.

Frankfurt / Main - Analysts are expecting black numbers both before and after taxes for the period July through September 2021.

Of a pre-tax profit of around 460 million euros, they estimate that around 135 million euros will remain with Deutsche Bank shareholders.

In 2021 as a whole, the experts believe that the institute will make a billion-dollar profit.

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Dax due to inflation concerns with quarterly loss

Investors on the German stock market remained nervous on Thursday.

The Dax went 0.68 percent lower at 15,260.69 meters from trading.

The MDax with the medium-sized values ​​lost 0.44 percent to 34,369.69 points.

Dax due to inflation concerns with quarterly loss

In the interim balance it will become noticeable that the management is spending more money on the realignment of the largest German financial institution than previously estimated.

CFO James von Moltke said that the bank would have to raise around 700 million euros in addition for computer systems, job cuts and the downsizing of office space in the current year.

dpa