The bank made ‘good progress’ in reducing assets in the third quarter of 2019 as its newly founded capital release unit began to execute on de-leveraging actions.

Deutsche Bank has posted net revenues of €5.3 billion (US$5.9 billion) in the third quarter of 2019, down 15% from the prior year period. The decrease was driven, predominately, by the strategic decision to exit equities sales & trading, according to the bank. The so-called capital release unit, which was established in the third quarter and houses assets the bank is eliminating, made ‘significant progress’ in reducing risk weighted assets and leverage exposure, despite rep