Tomorrow, Thursday 4 February, it will be very exciting for Deutsche Bank. The German bank will publish its quarterly results and its final report for 2020. Expectations for these numbers are high. Despite all the difficulties, a profit is expected in 2020. The investment banking and trading businesses are to be primarily responsible.
Looking at the third quarter of 2020, we are already seeing a 43% increase in trading revenue. These were €2.4 billion, significantly higher than in the third quarter of 2019. According to the company itself, it has managed to increase revenues while reducing costs.
Very good figures are also expected from the trading division. Specifically, this involves trading in bonds, derivatives and currencies.
The internal restructuring process is to be continued over the next few years. Further branches are to be closed and costs saved. The company plans to reduce its cost base from 19.5 billion euros in 2020 to 16.7 billion euros in 2022.
Currently, this fundamentally positive change is supported by the chart.
