Deutsche Bank started 2022 with rising net profit, which rose to 1.06 billion euros ($1.1 billion) in the first quarter, Germany’s largest financial institution announced.

The result is 17 % more than the 908 million dollars obtained in the previous quarter. Before taxes, the bank obtained some 1,700 million euros, four percent more than in the same period of the previous year.

“The results of all business areas are within or above expectations, and we have achieved our highest quarterly profit in nine years,” summarized the group’s CEO, Christian Sewing.

Revenue growth

Total revenue, at more than €7.3 billion, was the highest since the first quarter of 2017. “In a difficult environment, we have delivered revenue and profit growth across all core businesses,” he said. CFO James von Moltke.

The goal is to increase return on tangible equity (ROTE) to 8 % by the end of 2022, and even higher than 10 % after tax in the future.

Last year, profitability was only 3.8 percent and this despite the fact that the group, which is listed on the main German stock index (Dax), achieved its highest annual profit since 2011 with 2.5 billion euros. In the first quarter of the current year, the bank obtained a return of 8.1 %.

Source: dpa

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Banplus Banco Universal celebrates its 15th anniversary this February 23, highlighting that it is at the forefront of digital banking and strengthening its commitment to provide personalized attention and financial solutions according to the needs of the national market, says a statement from the institution.

Since it was founded in 2007, it has been characterized by innovation in its products and services, based on timely and immediate responses for its customers. Likewise, honesty, commitment, teamwork, quality of service and self-improvement have been the corporate values ​​that have guided the management of its employees and have positioned it as the Bank of choice among its customers.

Diego Ricol Freyre, executive president of Banplus, highlighted that “we are very proud to celebrate the 15th anniversary of our bank. In such a short time, we have managed to be pioneers and innovators with cutting-edge, highly competitive products. This, thanks to the effort of our collaborators and the trust that our clients place in us. Much remains to be done, and that is why we will continue to develop the best options so that all Venezuelans, together with Banplus, can continue building a country”.

During its history, Banplus Banco Universal has focused on developing products such as: Divisas Plus, the foreign currency account that protects the value of money and allows payments in bolivars charged to the currency account in dollars or euros, in any business nationwide through the Banplus Debit Card and Pago Plus, the institution’s interbank mobile payment. The Incentives Plus product aimed at companies and businesses is also highlighted to facilitate payment in foreign currency to their collaborators and related parties for incentives, fees, remuneration and special recognition.

On the other hand, as a socially responsible financial institution, it promotes actions aimed at the community, collaborating with NGOs such as SenosAyuda, Fundación Contra la Parálisis Infantil, Fundación Alzheimer Venezuela, Sociedad Anticancerosa de Venezuela and Superatec, to help them promote and make their programs sustainable. . In cultural matters, it is important to highlight the recent Calendario Musical 2022: Grandes de la Música Venezolana, digital version, which brings together, projects and recognizes composers and musicians of Venezuelan folklore every month through their creations and anecdotes.

In this way, Banplus continues to work in a comprehensive manner, taking on challenges and providing alternatives to always accompany its clients and continue building the country.

With information from Banplus

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