Deutsche Bank AG (DB) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

And gentlemen, welcome to the Q2 2025 analyst conference call and live webcast. I'm Moritz, the chorus call operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Ioanna Patvenice, Head of Investor Relations. Please go ahead. Thank you for joining us for our second quarter 2025 results call. As usual, our Chief Executive Officer, Christian Saving, will speak first, followed by our Chief Financial Officer, James Van Malka. The presentation, as always, is available to download in the Investor Relations section of our website, db.com. Before we get started, let me just remind you that the presentation contains forward-looking statements which may not develop as we currently expect. We therefore ask you to take notice of the precautionary warning at the end of our materials. With that, let me hand over to Christian. Thank you, Joanna, and a warm welcome from me. Our first half results demonstrate clearly where Deutsche Bank stands today. Our strategy has proven itself in different environments. Our global house bank served clients at times of elevated volatility in the second quarter. And thanks to our diversified model, we delivered resilient revenues, which grew 6% to 16.3 billion euros, in line with our full year goal of around 32 billion euros. And while it is still early, we are encouraged by the strong start of the third quarter. Non-interest expenses declined 15% year on year, t...