Germany's biggest lender on course to hit this year's pre-tax profit target of £8.9bn
Deutsche Bank has announced a near-record first-quarter profit, driven by an increased market share in investment banking, and acquisitions in retail banking and wealth management. Deals made in following the financial crisis, including retail lender Deutsche Postbank and wealth manager Sal Oppenheim, helped offset a slight fall in profit from investment banking. But even in this area Deutsche performed better than peers, raising confidence that Germany's biggest lender can hit its ambitious €10bn (£8.9bn) pre-tax profit target this year. In the first quarter, net profit rose 18% to €2.1bn.
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