Deutsche Bank reports third quarter 2003 pre-tax profit of Euro 755 million versus 3Q 2002 loss of Euro 181 million

Report Highlights:

• Net income of Euro 576 million versus a loss of Euro 299 million in 3Q 2002

• Total revenues of Euro 5.2 billion down 6 per cent versus 3Q 2002 due to the strengthening Euro and the sale of businesses

• Provision for credit losses declined for the fourth consecutive quarter

• Operating cost base down 14 per cent to Euro 4.2 billion versus 3Q 2002

• Tier 1 capital ratio of 9.5 per cent above target range of 8 to 9 per cent
  

• Underlying pre-tax profit up 70 per cent to Euro 1.2 billion versus 2Q 2002, up 30 per cent versus 1Q 2003

To read the article in full, please visit the Deutsche Bank Group Press Service website.