Deutsche Bank reports second quarter 2003 pre-tax profit of Euro 1.1 billion

Report Highlights:

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

• Second consecutive quarter of underlying revenue growth - up 8 per cent to Euro 6.0 billion versus 1Q 2003

• Third consecutive quarter of declining total provision for credit losses

• Return on Equity and cost/income ratios show marked improvement, reflecting impact of strategic initiatives

• Revenues from sales and trading products up 30 per cent versus 2Q 2002 to Euro 2.7 billion

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