2019 Half-Year Financial Report

“We are pleased to report that our earnings exceeded expectations in the first half of this year, despite the generally challenging environment.”

Letter to shareholders

Profit before taxes
Jan. 1 – Jun. 30, 2019 

1,000 € m

+ 41.6%

Prior-year comparison

Profit before taxes
Jan. 1 – Jun. 30, 2018 

1,034 € m

Current year

Common equity Tier 1 capital ratio
as at Jun. 30, 2019

10.0%

+ 0.6 percentage points

Prior-year comparison

Common equity Tier 1 capital ratio
as at Dec. 31, 2018 

13.7%

Current year

Total assets
as at Jun. 30, 2019

500 € bn

+ 8.1%

Prior-year comparison

Total assets
as at Dec. 31, 2018

519 € bn

Current year

Credit ratings
as at Jun. 30, 2019

AA-/Aa1

Prior-year comparison

Credit ratings
as at Dec. 31, 2018

AA-/Aa1

Current year