Deutsche Bank reports second quarter 2005 pre-tax profit up 22% to Euro 1.4 billion after restructuring expenses of Euro 116 million

Deutsche Bank today reported income before income taxes of € 1.4 billion after restructuring expenses of € 116 million, up 22% versus the second quarter 2004.

Report Highlights:

• Net income of € 947 million, up 44% versus second quarter 2004

• Total revenues of € 5.9 billion, up 9% versus second quarter 2004

• Pre-tax return on average active equity of 25% for the second quarter, and 29% for the first half year, both before restructuring expenses

• Diluted earnings per share of € 1.90, up 64% versus second quarter 2004

• Origination/Advisory revenues up 17% versus second quarter 2004; ranked global #4 in the first half of 2005

• Strong second-quarter performance in Debt Sales & Trading; global #1 in Sales & Trading in the second quarter and the first half of 2005

• Private & Business Clients maintains successful growth in both lending and investment products

• Planned increase in dividend; fourth share buyback program launched
  

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