Deutsche Bank’s 156‑Year Journey to Its Best Year Ever

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Deutsche Bank is one of Europe’s oldest and most recognisable financial institutions. It was founded in 1870, even before the formal unification of Germany, to support the country’s rapidly industrialising economy. Over the decades it became the “house bank” for German corporates, handling everything from lending and payments to trade finance and custody services.

In the late 1990s and 2000s, DB tried to transform itself into a global investment‑banking powerhouse, culminating in the acquisition of Bankers Trust and a long list of scandals, fines, and reputational damage. By 2019, the bank shut down its global equities business, cut thousands of jobs, and returned to its core strengths.

Deutsche Bank has refocused on retail banking, corporate banking, wealth management, and asset management through DWS. The results speak for themselves: record revenue, record profit, and strong performance across all major divisions.

Risks remain, particularly exposure to US West Coast commercial real estate, but the bank is actively managing these challenges. For QAV investors, DB scores strongly across quality and value metrics, making it a compelling example of a disciplined turnaround.

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