Deutsche Bank reported income before income taxes of € 1.9 billion for the second quarter 2006, up 32% versus the second quarter 2005. Net income was € 1.2 billion, up 29%. Reported pre-tax return on average active equity was 29%, compared to 23% in the prior year quarter. Pre-tax return on average active equity per the bank’s target definition, which excludes restructuring charges and substantial gains on the sale of industrial holdings, was 29%, compared to 25% for the prior year quarter. Diluted earnings per share were up 14% to € 2.17.

For the first six months, income before income taxes was € 4.5 billion, up 40% versus the first six months of 2005. Net income was € 2.9 billion, up 43%, while pre-tax return on average active equity, per target definition, was 35%, compared to 29% for the first six months of 2005. Diluted earnings per share were € 5.57, up 37%.