Deutsche Bank ‘mantained its momentum’ in executing Global Hausbank strategy

Deutsche Bank (DB) maintained its momentum in executing on its Global Hausbank strategy during the first quarter of 2025. This included: Revenue growth: the bank’s compound annual revenue growth rate since 2021 over the last twelve months was 6.1% at the end of the first quarter, within the bank’s raised target range of between 5.5% and 6.5%. Assets under management across the Private Bank and Asset Management rose by EUR 95 billion in the last twelve months, including net inflows of EUR 26 billion in the first quarter of 2025. Operational efficiency: Deutsche Bank made further progress on its EUR 2.5 billion operational efficiency program during the quarter. Measures include optimization of the bank’s platform in Germany and workforce reduction, particularly in non-client facing roles. As at the end of the quarter, savings either realized or expected from completed efficiency measures grew to EUR 2.1 billion, approximately 85% of the program’s expected total savings, including approximately EUR 1.9 billion in realized savings to date, as the bank realized cost savings from restructuring and other workforce reduction measures in prior periods, hiring discipline, and internal mobility. Capital efficiency: Deutsche Bank delivered RWA reductions of a further EUR 4 billion during the quarter through data and process improvements and a securitization transaction. As a result, cumulative RWA equivalent benefits from capital efficiency measures reached EUR 28 billion, already at the higher end of the bank’s year-end 2025 target range of EUR 25-30 billion.