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Deutsche Bank: Interim Report as of March
31, 2002
| Contact |
Sari Cuming, Marketing
Co-ordinator - sari.cuming@db.com |
| Source |
Deutsche Bank Press
Release |
| Location |
Frankfurt am Main |
| Date |
29 April 2002 |
Deutsche Bank reports pre-tax profit of € 1.3 billion for
first quarter(+39%)
- Cost reduction measures showing considerable results
- Cornerstones of future strategy agreed
In the first quarter of 2002, Deutsche Bank achieved income before
taxes and the cumulative effect of accounting changes of €
1,270 million, compared to € 912 million in the first quarter
2001, an increase of 39 %, according to U.S. GAAP. Net income was
€ 597 million, compared to € 382 million, an increase
of 56 %. Commenting on this, Rolf-E. Breuer, Spokesman of the Board
of Managing Directors of Deutsche Bank, said: "In an environment,
which was difficult in general and for the financial markets in
particular, Deutsche Bank held its ground comparatively well."
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