Deutsche Bank, Germany's biggest bank, has reported pre-tax profits of just under €1.9 billion for its third quarter, up 87% on the same period a year earlier. There was a 30% rise in revenues to €6.6 billion.
'In our core markets we saw increased customer activity against a backdrop of rising confidence in the world's financial markets. This boosted our business volumes and favourably impacted our esults,' said chief executive Josef Ackermann.
Restructuring costs amounted to €156m, but were more than offset by €337m in windfall gains from the sale of Deutsche Bank's shares in German-US auto giant DaimlerChrysler.
