Diluted earnings per share for the quarter ended 31 March 2012 stood at EUR1.44, against EUR 2.13 in the first quarter of last fiscal, while pre-tax return on average active equity, on a reported basis, was 14%.
Deutsche Bank chairman of the management board Josef Ackermann said that against a background of continued caution in global financial markets, the bank continues to pursue its strategy of reducing legacy risks and strengthening our capital position, as evidenced by its disposal of Actavis and ongoing progress on litigation issues.
"Simultaneously, we are focusing on winning new and deepening our relationships with existing customers, driving returns on investments in our platform and maintaining tight cost and capital discipline," Ackermann added.
In the Corporate & Investment Bank (CIB) segment, its net revenues were EUR6.2bn down, down by 8% from EUR 6.7bn during the corresponding quarter previous year.
For the latest quarter period, its global transaction banking corporate division’s (GTB) net revenues were EUR967m, up EUR114m against the same quarter a year ago, which the company attributed to the growth in fee and interest income across product lines reflecting GTB’s robust business model.
Asset and wealth management corporate division’s (AWM) net revenues for the first quarter 2012 were EUR883m, down EUR119m against the same period in 2011.
The bank said that its total assets decreased marginally to EUR2.10bn during the latest quarter compared to EUR2.16bn at year end 2011.
On an adjusted basis, which reflects netting of derivatives and certain other balances, total assets stood at EUR1 trillion, down EUR12bn versus the year end 2011.
