Deutsche Bank sees 2023 revenue around EUR 29B

Deutsche Bank delivered year-on-year revenue growth of 6% in the first nine months of 2023, and a compound annual growth rate over 2021 of 6.9% in the twelve months to September 30, 2023, above the bank’s target of 3.5% – 4.5%, and the bank expects full-year 2023 revenues of around EUR 29B. The bank made further strategic investments in capital-efficient and fee income-generating businesses and completed the acquisition of Numis, the UK corporate broker, in early October 2023. The Private Bank and Asset Management together attracted EUR 39B in net inflows in the first nine months of 2023, which drove growth in assets under management of EUR 66B across the two businesses in this period.