Net profit attributable to shareholders reached $1.58 billion during the third quarter, compared to $1.13 billion expected. The bank also achieved revenues of about $8.09 billion, compared to expectations of about $7.9 billion.
Commission and fee income increased by 5 percent year-on-year to $2.7 billion, and net flows through private banking and asset management reached $29.11 billion.
This comes after the largest lender in… Germany Losses of more than $154 million in the second quarter, after a large amount was allocated to lawsuits related to the buyback of Post Bank shares.
And he rose Bank It settled those disputes and released $475 million in settlement provisions in the third quarter, which helped boost profits, saying it had filed to repurchase shares.
Christian Sewing, the bank’s CEO, told CNBC, saying: We will continue our path towards profitable growth, and exceed our goals with regard to capital distributions to shareholders.
