Deutsche Bank AG

ots Ad hoc-Service: Deutsche Bank AG Deutsche Bank reports record quarter Profit before taxes increased 76 per cent to Euro 1.6 billion

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    Frankfurt (ots Ad hoc-Service) -        

    Deutsche Bank Group today reported a record first quarter 2000. Profit before taxes reached Euro 1,637 million. This is an increase of 76.3 per cent compared with Euro 934 m in the first quarter 1999 and a further increase compared with the already very high result in the fourth quarter 1999 which had reached Euro 1,228 million. Net income increased by 49.8 per cent to Euro 960 million (Euro 641 million). Diluted earnings per share (excl. goodwill amortization) were in the first quarter of this year Euro 1.54, compared with Euro 1.24 in the 1999 first quarter. Return on equity before taxes (excl. goodwill amortization) was 31.8 percent, compared with 22.7 per cent in the first quarter a year ago.

    Additional key figures for the 1. Quarter 2000 (1. quarter 1999):

    Net interest income: Euro 1,592 m. (Euro 1,566 m.) +1.7 % Provisions for losses on loans and advances: Euro 73 m. (Euro 90 m.) -18.9 % Net commission income: Euro 3,078 m. (Euro 1,359 m.) +126.5 % Trading profit: Euro 2,457 m. (Euro 1,152 m.) +113.3 % General administrative expenses: Euro 5,297 m. (Euro 3,004 m.) + 76.3 % Income taxes: Euro 677 m. (Euro 293 m.) +131.1 %

    The complete report for the first quarter 2000 is available on the internet:

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