Deutsche Bank, the main commercial bank in Germany, has closed the first half of 2026 with a record net profit attributed of 3.969 billion euros, which represents an increase of 9% compared to the same period of the previous year. According to the entity, it plans to launch a share buyback program of 500 million euros in the second half of the fiscal year.
The group's net revenue in the first six months of the year amounted to 17.150 billion euros, 5% more year-on-year. Within this figure, net interest income increased by 17%, to 8.753 billion, while fee income rose by 4%, to 5.665 billion euros.
By business areas, the investment banking division generated semiannual revenues of 6.558 billion euros, which represents an increase of 8%. Corporate banking earned 3.722 billion, slightly below the previous year, with a decrease of 1%. Meanwhile, private banking contributed 5.133 billion, 7% more, and the asset management unit billed 1.558 billion, also with a growth of 7%.
Regarding risk, the German bank recorded provisions amounting to 979 million euros until June, 9% above the allocations made in the same period of 2025. Only in the second quarter, provisions totaled 460 million euros, also 9% higher.
Between April and June, Deutsche Bank obtained a net profit attributed of 1.850 billion euros, 10% more than a year earlier and a new historical high for that period. The quarterly net revenue stood at 8.479 billion, which implies an advance of 8.6%.
At the end of the semester, the CET1 maximum quality capital ratio stood at 13.9%, below the 14.2% recorded a year earlier, although still clearly above regulatory requirements.
"Our record results for the second quarter were due to a strong growth momentum and strict cost discipline," said Christian Sewing, CEO of Deutsche Bank, who emphasized that the rapid adoption of artificial intelligence opens new opportunities for the entity to add value to clients and cut costs.
"These advances, along with our record performance so far in 2026, reinforce our confidence that we can exceed our targets for 2028," the executive added.
After this solid start to the year, Deutsche Bank maintains its forecast of reaching 33 billion euros in revenues for the whole of 2026 and is confident that the provision for credit losses will reflect an improvement in underlying trends compared to 2025.