Deutsche Bank AG (DB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Q22026 analyst conference call and live webcast. I am Mathilde, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 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 Selke Nicole Schippa, Deputy Head of Investor Relations. Please go ahead. Thank you for joining us for our second quarter and first half year 2026 results call. As usual, our Chief Executive Officer Christian Sewing will speak first The presentation, as always, is available to download in the investor relations section of our website at db.com. Before we get started, the precautionary warning at the end of our material. With that, let me hand over to Christian. Thank you, Silke, and good morning, everyone. We are very pleased with the performance we delivered and the momentum we achieved in the first half of 2026. We continued to invest in our global house bank, which paved the way for further growth, efficiency gains, and value creation for shareholders. We grew revenues to 17.2 billion euros were all on track to reach our full-year ambition of around 33 billion euros. This momentum enabled us to deliver a post-tax profit of 4.1 billion euros, our highest ever for a half year. We made further progress on our key ratios. Post-tax ROTE increased to 11.9%, while our cost-income ratio improved to 60.9%, Despite the impact of SVA accretive strategic actions, we took the second quarter. Our CQ1 capital ratio was 13.9% in line with our op...