The FINANCIAL — Deutsche Bank reported a third-quarter net loss of 6.02 billion euros compared to a loss of 92 million euros, previous year. Impact of specific items, largely non tax-deductible, totaled 7.6 billion euros, for the quarter, according to Nasdaq.
John Cryan, Co-Chief Executive Officer, said: “In the third quarter 2015 we reported a record net loss – a highly disappointing result that was largely driven by items we had already flagged earlier in October.”
Revenues were 7.3 billion euros, down 7% year-on-year. The Group said its revenues were negatively impacted by a 649 million euros impairment on the bank’s stake in Hua Xia Bank. Excluding this, the company said its revenues were comparable to the third quarter 2014 despite challenging markets.
Discussion about this post