trending Market Intelligence /marketintelligence/en/news-insights/trending/-02lUChgjoNth6eOk3f8Yw2 content esgSubNav
In This List

German lender DekaBank's H1 pretax profit up 9% YOY

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


German lender DekaBank's H1 pretax profit up 9% YOY

Germany-based DekaBank Deutsche Girozentrale's first-half economic result rose to €223.1 million from €222.6 million in the same period in 2018.

Total profit before tax was €259.7 million in the period, compared to the year-ago €238.3 million. Pretax return on equity for the half declined to 9.3% from 9.6% a year ago.

Net interest income rose to €97.5 million in the period from €77.6 million a year earlier, so did net commission income, to €591.4 million from €563.9 million. The bank also booked net financial income of €148.0 million in the half, compared to the year-ago €96.5 million.

Risk provisions in the lending and securities business amounted to €11.4 million in the period, compared to reversals of €15.4 million a year ago.

Total expenses was up year over year to €548.3 million from €515.1 million, with the lender booking restructuring expenses of €2.7 million in the period.

As of June-end, the bank's common equity Tier 1 ratio stood at 15.2%, down from 15.4% at the end of 2018.