Deutsche Bank has reported a sharp rise in earnings for 2025, on the back of higher revenues and lower costs across its main business lines.
The group’s net profit for the year reached €7.1bn ($8.5bn), almost double the level recorded in 2024.
Profit before tax increased 84% year on year to €9.7bn.
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Group revenues were €32.1bn, up 7% and broadly in line with the bank’s 2025 target of around €32bn.
Noninterest expenses fell 10% to €20.7bn, close to guidance of about €20.6bn, largely due to an 86% drop in nonoperating costs following the absence of specific litigation charges booked in 2024.
Fourth-quarter pre-tax profit reached €2bn, more than three times the level in the final quarter of 2024.
Quarterly revenues rose 7% to €7bn, while noninterest expenses declined 15% to €5.3bn.
Net profit for the quarter climbed to €1.6bn from €337m a year earlier.
The Private Bank division posted 2025 net revenues of €9.7bn, up 3% year on year.
Net interest income increased 7% to €6.2bn within the unit, and net commission and fee income edged up 1% to €3bn. Wealth Management revenues within the unit rose 6% to €4.4bn, driven mainly by investment product and deposit income.
Private Bank assets under management reached €685bn, up €51bn from year-end 2024, supported by €27bn in net inflows.
Fourth-quarter net revenues in the division were €2.4bn, an increase of 3% year on year.
Asset Management delivered net revenues of €3.1bn in 2025, a 16% rise and the highest level since the DWS IPO in 2018.
Assets under management grew to €1.08tn, €73bn higher than at the end of 2024, with net inflows of €51bn. Fourth-quarter net revenues in the unit were €888m, up 25% from the prior-year period.
In the Investment Bank division, 2025 net revenues rose 9% to €11.5bn.
Fixed Income & Currencies revenues rose 13% to €9.6bn, with FIC Markets up 13% and FIC Financing up 12%.
Fourth-quarter net revenues in the division were €2.5bn, 5% higher than a year earlier.
Deutsche Bank CEO Christian Sewing said: “The record results we achieved in 2025 prove the strength of our Global Hausbank model and the value we provide for our clients.
“We delivered on all our 2025 financial goals and, with € 8.5bn in delivered and proposed capital distributions so far since 2022, we will surpass our original commitment to shareholders.”
The results come on the heels of German federal prosecutors opening a money-laundering investigation involving the bank.
Law enforcement officials searched Deutsche Bank offices in Frankfurt and Berlin in connection with the case.
In a statement to Private Banker International, a Deutsche Bank spokesperson said: “We confirm that the Frankfurt public prosecutor’s office is on site in our offices. The bank is cooperating fully with the public prosecutor‘s office. We cannot comment further.”
According to media reports, the probe centres on historical transactions involving bank staff and entities linked to Roman Abramovich, the Russian businessman who is under international sanctions.
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