Deutsche Bank posts EPS of €0.02 in Q1

Wednesday, 29. April 2020 07:09

Deutsche Bank announced on Wednesday that its earnings per diluted share were €0.02 in the quarter ended March 31, declining from €0.08 recorded in the same quarter of 2019.

Meanwhile, group revenue was virtually unchanged from a year ago at €6.4 billion in the first quarter of 2020. The bank said its net profit came in at €66 million, declining 67% year-on-year.

Deutsche Bank reported strong liquidity as its Liquidity Coverage Ratio stands at 133%. CEO Christian Sewing said: “In the current crisis, we have shown robust numbers and demonstrated strong performance in support of our clients across all core businesses. Conservative balance sheet management enables us to navigate the current environment from a position of strength as the leading bank in Europe's strongest economy. I want to say a huge thank you to our employees, who have shown outstanding dedication and flexibility. I am proud of the way we have been there for our clients, our communities and for each other."

Related Links: Deutsche Bank AG
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Breaking the News / VP