In the first nine months of 2025, Deutsche Bank’s (DB) businesses contributed to Group profitability and target ratios as follows: Corporate Bank: profit before tax of EUR 2B, up 16% year on year, with RoTE of 16.0%, RoE of 14.7%, and a cost/income ratio of 62%; Investment Bank: profit before tax up 18% year on year to EUR 3.3B, with RoTE of 12.5%, RoE of 12.0%, and a cost/income ratio of 55%; Private Bank: profit before tax of EUR 1.8B, up 71% year on year, with RoTE of 10.5%, RoE of 10.2%, including record quarterly RoTE of 12.6% in the third quarter, and a cost/income ratio of 70%; Asset Management: profit before tax up 48% year on year to EUR 666M, with RoTE of 25.4%, RoE of 11.4%, and a cost/income ratio of 61%.
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