Deutsche Bank Continues on Positive Trajectory in Q1 2021
Deutsche Bank (DB or the Bank) reported a EUR 908 million profit attributable to shareholders for Q1 2021 compared to a loss of EUR 43 million in Q1 2020. This translates into a 6.6% ROE, representing the highest quarterly profit since 2014, owed largely to a significant revenue increase in the Investment Banking division, strong Asset Management results, and materially lower credit provisions. Q1 2021 Group net revenues increased by 13.9% Year-on Year (YoY) to EUR 7.2 billion and core revenues, excluding the Capital Release Unit (CRU) and specific items, increased by 12% despite a 14% YoY decrease of net interest income. The Bank reported a 330 basis point buffer over regulatory Common Equity Tier 1 (CET1) minimum requirements.Deutsche Bank is a holding company acting as an international financial service provider. Co. offers a wide variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Co. has operations or dealings with existing or potential customers in most countries in the world. Co. is organized into the following six corporate divisions: Global Markets (GM); Corporate & Investment Banking (CIB); Private, Wealth & Commercial Clients (PW&CC); Deutsche Asset Management (Deutsche AM); Postbank (PB); and Non-core Operations Unit (NCOU).
Deutsche Telekom is engaged in the telecommunications services and information technology sectors. Co. operates as an integrated telecommunications provider. It is organized into four operating segments: Germany, Europe, and the United States; and Systems Solutions, as well as Group Headquarters and Shared Services. Co. provides fixed-network lines, broadband lines and mobile communications. Co. also provides customized Information and Communication Technology (ICT) solutions for corporate customers under the T-Systems brand. The Group Headquarters and Shared Services segment comprises cross-segment management functions, real estate services, and mobility solutions, among others.
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