Deutsche Bank Posts Q1 Profit

If you've been scrabbling around looking for good news in the market then the latest Q1 report from Deutsche Bank will fill your heart with joy. Who'd have thought just a couple of years ago that it would be so unusual to report a bank that has actually made a profit, but there you go, it's a sign of the times in which we now live.

Anyway, Deutsche Bank has managed it. The iconic Frankfurt based banking behemoth has reported a first quarter net profit of €1.2 bn for January to March 2009. You wouldn't believe how much relief and rejoicing this has initiated (well you probably would actually). This is a considerable improvement on the bank's previous quarter which involved a loss of €141 m. 

I won't go into all the gory details here, if you want them they are available on the bank's site here. Suffice to say, it is a chink of light in the Eurozone in what has been, to say the least, a turbulent and very dark year to date. 

This news, allied to some good banking news from the US lately, may help to lift the whole doom and gloom scenario somewhat, and that can't be bad. 

Register now to receive our informative newsletter, save searches and tailor your OverseasCafe.com experience to your own needs.

_________________________________________________

For a selection of property from around the world click here.

For a listing of agents selling overseas property click here.

For independent articles on overseas property click here.

For advice on purchasing property overseas click here.

For news on the world of overseas property click here.

For new releases and product updates from agents around the world click here.

For a list of upcoming overseas property exhibitions around the country click here.