(RTTNews) - Deutsche Bank (DB) reported first quarter profit attributable to shareholders of 908 million euros compared to a loss of 43 million euros, prior year. Profit before tax was 1.6 billion euros, up from 206 million euros. Core Bank profit before tax was 2.0 billion euros, more than double the prior year quarter, driven by significant profit growth across all core businesses. Adjusted profit before tax was 2.2 billion euros, also more than double last year.
The Group said the result was driven by revenue growth, a substantial reduction in provision for credit losses, and lower adjusted costs year on year.
First quarter total net revenues were 7.23 billion euros compared to 6.35 billion euros, previous year. Core Bank net revenues grew 12% to 7.2 billion euros.
Christian Sewing, CEO, said: "We achieved a post-tax return on tangible equity of above 7%, and returns in the Core Bank are already ahead of our ambition for next year. These results give us confidence that we'll reach our 2022 targets."
NEW YORK, April 30, 2021 /PRNewswire/ -- Medscape Education is being recognized as the Multiple Sclerosis Association of America's (MSAA) Corporate Honoree at their Improving Lives Benefit to be hosted virtually on May 13. As the leading provider of continuing medical education, Medscape Education is being awarded this honor for its continued collaboration with MSAA and its commitment to creating and delivering education on topics aimed at improving the care of patients with multiple sclerosis (MS). Over the past 5 years, Medscape Education developed nearly 100 educational interventions focused on MS, for patients and providers. Since 2013, Medscape Education and MSAA have joined forces to educate and engage Medscape's provider membership on topics highly relevant to MS care. "We are proud of our collaboration with the MSAA and the innovative clinician and patient education that we have delivered together to our members. Through these programs, we have reached thousands of neurologists, primary care providers, nurses, and other members of the MS care team and made a positive impact in the lives of their patients living with MS. We look forward to our continued and expanded partnership with the MSAA," said Douglas Kaufman, Group Vice President, Medscape Education. According to MSAA, nearly one million individuals in the United States are living with MS, which is often diagnosed between the ages of 15 and 50. Women make up over 70% of MS cases in the US, with other factors including geographical location and race and ethnic background influencing a person's risk of developing the disease.MSAA is a leading resource for the MS community, providing vital services and support, including:
My MSAA Community, a peer-to-peer online forum A helpline and online chat with trained MSAA specialists Safety and mobility equipment In-person educational programs MRI Access FundMedscape Education and MSAA are currently collaborating on a program devoted to the impact of ethnicity and race on MS care–a vital component of Medscape Education's Elevating Health Equity Learning Center initiative. Gina Ross Murdoch, MSAA President & CEO, explains, "For the past several years, MSAA has had the great pleasure of partnering with Medscape Education. This vital collaboration has enabled us to share our expertise and provide critical information to both medical professionals and members of the MS community. As we transform our Improving Lives Benefit into our first-ever virtual event, we are extremely proud to recognize Medscape Education as our Corporate Honoree. This recognition is well-deserved, given their dedication to medical professionals as well as to individuals with MS, along with their high degree of educational excellence."For more information about the MSAA Improving Lives Benefit, click hereFor more information about Medscape MS Education, click hereAbout Medscape Education
Medscape Education (medscape.org) is the leading destination for continuous professional development, consisting of more than 30 specialty-focused destinations offering thousands of free CME and CE courses and other educational programs for physicians, nurses, and other healthcare professionals. View original content to download multimedia:https://www.prnewswire.com/news-releases/medscape-education-and-multiple-sclerosis-association-of-america-collaborate-to-raise-awareness-and-support-of-patients-with-multiple-sclerosis-301281354.htmlSOURCE Medscape Education