Statement from CEO Christian Sewing Regarding Q1 Earnings 2024
In the second quarter of 2025, a European bank has reported impressive financial results, with revenues slightly increasing to 7.8 billion euros and net profit rising by a tenth to 1.5 billion euros. The bank's cost reduction efforts have been successful, with adjusted costs being reduced by 6% and a significant drop in the cost/income ratio from 71% to 68%.
These positive results come amidst an uncertain economic outlook, with the ongoing escalation of the Middle East conflict, increased threat of terrorism, and the continuing war in Ukraine. Despite these challenges, the bank has managed to steer a new course for the majority of quarters over the past six years, thanks to the dedication and commitment of its team.
The bank's CEO, Christian, expressed his appreciation for the team's contributions to the bank's success over the past six years and looked forward to continuing the journey with them. In a message sent on April 26, 2018, Christian thanked the team and ended the email by expressing best wishes.
The bank aims to become a European champion and will continue to implement cost plans in a disciplined manner. The bank's website states that it has the resources it needs to thrive, including great people around the world, deep and long-standing client relationships, and financial strength.
However, it's important to note that the search results do not contain any direct financial results for Q1 2024 of the bank mentioned in the texts. The available financial data focus mostly on the second quarter and half-year results of 2025 for different banks, but do not provide Q1 2024 results or comparisons to Q1 2023. Without explicit Q1 2024 financial results, a detailed comparison cannot be provided.
In the first quarter of 2018, the bank posted low profits due to declining revenues and rising costs. Despite this, the bank's pre-tax profit increased by 10% to 2.0 billion euros, and the bank increased its post-tax return on tangible equity to 8.7%.
The bank's success over the past six years is attributed to the dedication and commitment of its team. The bank intends to continue this dedication to the economic success and financial security of its clients.
The bank's dedication to financial success resulted in impressive asset management, as seen in the Q1 2018 pre-tax profit increase by 10% to 2.0 billion euros. The bank continues to prioritize finance and business in its quest to become a European champion, promising to implement cost plans in a disciplined manner.
