European News
28, Jul 2010.
Deutsche Bank sees profits riseGermany's biggest lender was helped by lower provisions for bad loans.
But revenues at its investment banking business fell, with the bank saying the division had "followed the industry-wide trend of weaker profitability".
Overall revenues in the April-to-June period fell to 7.2bn euros from 7.9bn euros a year earlier.
Provisions for bad loans dropped to 243m euros from 1bn euros in the second quarter of 2009.
"In a quarter which was characterised by increased investor uncertainty and higher market volatility, Deutsche Bank's investment banking business followed the industry-wide trend of weaker profitability," chairman Dr Josef Ackermann said.
"That said, our leading franchise continues to gain market share while keeping strict risk and balance sheet discipline."
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