The German lender set aside 260 million euros ($282 million) to deal with potential loan losses as a result of the coronavirus crisis, as the bank as it reported its first-quarter results in full.
Here are other key metrics released in the report:CET 1 ratio hit 12.8% versus 13.7% a year ago
The bank also set aside a total of 506 million euros in provisions for credit losses, which included about 260 million euros related to Covid-19. This is a figure that is being closely watched by investors this earnings season as banks prepare for the financial impact of the globalFor the the full-year, the German bank said it expects provision of credit losses of 35-45 basis points of loans.
Deutsche Bank also reported higher revenues in investment banking, boosted by a 13% increase in its fixed income and currencies division, and in its private bank business. However, the corporate bank unit and asset management were flat versus the prior year.
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