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Thu 10 Oct 2009Deutsche Bank net profits soar
Bumper profits from investment banking polished Deutsche Bank's third-quarter figures, even as Germany's flagship lender grappled with the economic slump by more than doubling provisions for problem loans.
Deutsche said all divisions were profitable in the quarter, but the main driver of earnings was the corporate and investment bank, which accounted for €1.18 billion of the group's €1.3 billion pre-tax profit.
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