Deutsche Bank’s third-quarter financial results showed a 3% year-on-year increase in revenue, reaching €7.13 billion ($7.55 billion), surpassing analysts’ average expectations of €7.1 billion. This surge was primarily driven by a 21% rise in the corporate bank’s revenue.

However, the bank’s net profit of €1.03 billion did not meet the anticipated €1.07 billion. The financial institution recorded a 9% year-on-year and 7% quarter-on-quarter decline in net interest income, settling at €3.34 billion. This decrease was attributed to lower income from its corporate bank and stagnant income at its private bank.

The bank also reported an increase in non-interest expenses, which included €105 million in litigation charges and €94 million in restructuring costs, marking a growth of 4%. The adjusted costs saw a rise of 2%. On a positive note, credit loss provisions significantly decreased to €245 million.