Deutsche Bank has reported a better-than-expected 68% increase in second quarter net profit to €1.1 billion.
The German bank said the results reflected a recovery in the capital markets, especially for bonds issued by the emerging market countries.
Its investment bank division also saw revenues rise 84% to €5.3 billion.
At the same time, Deutsche Bank said the recession meant it had to increase its bad loan provisions to €1 billion from the previous year's €135 million.
The group gave no specific forecast for 2009, saying the outcome 'depends largely on how the global economy progresses.'
Chief executive Josef Ackerman said the bank was well placed to face the uncertainties ahead.
'We have cut costs, reduced balance-sheet risk and reinforced our liquidity and capital position,' he said.
