REUTERS

"If the current weak economic environment persists, we will need to be yet more ambitious in the timing and intensity of our restructuring," Chief Executive John Cryan said in a statement on Wednesday, Reuters wrote.

Shares were indicated to start trading 2.3% higher at the top of Germany's blue-chip DAX index.

Net profit dropped to EUR 20 million ($22 million) in the second quarter, down from 798 in the year earlier period, but ahead of analysts' consensus for a net loss of EUR 105 million.

Видео дня

Read alsoDeutsche Bank says Polish zloty world's cheapest currencyRevenues were down 20% in the quarter, in part related to Britain's vote to leave the European Union, with the investment bank sliding 28%.

Deutsche Bank's cash cow bond trading activities decreased 19%, which it said was related to its decision to exit high-risk securitized trading and the rationalization of its emerging market debt platform.

Revenues from its foreign exchange business were flat, helped by a burst in client demand for currencies in the wake of the Brexit vote.