Deutsche Bank net profit soars to 1.1 billion euros in Q3

BERLIN: German banking giant Deutsche Bank on Wednesday said its third-quarter net profit had risen more than fivefold year-on-year as the restructuring programme it began in 2019 bears fruit.

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The group’s net profit between July and September reached 1.1 billion euros ($1.1 billion), compared with 194 million euros in the same period last year, it said in a statement.