Objective update from CEO Christian Sewing on Q2 results 2024 for employees of our platform
In a remarkable display of financial prowess, the world's best bank for corporates has announced its second quarter results, showcasing a robust performance that has not been seen in over a decade. The bank's adjusted pre-tax profit soared to 1.7 billion euros, marking a 13-year high [1].
The bank's revenues for the quarter also saw an increase, rising by 2% to 7.6 billion euros. This growth was primarily driven by a strong performance in investment banking and a significant boost in commission and fee income, which surged more than 10% [2].
The bank's cost-to-income ratio improved slightly during the quarter, reflecting a commendable focus on efficiency [3]. Net interest income remained largely stable, demonstrating the bank's ability to maintain a steady income stream.
The bank's investment banking division saw a significant increase in revenues and market share, particularly in the Origination & Advisory business, where it doubled revenues and gained market share [4].
The bank's solid financial performance was further underscored by a Common Equity Tier 1 (CET1) capital ratio of 13.5% in the second quarter [5]. This ratio, a key measure of a bank's financial strength, remained steady, indicating the bank's ability to weather potential economic turbulence.
The bank's successes extend beyond financial performance, as it hosted a series of successful client conferences and was awarded several prestigious accolades. Euromoney named the bank the world's best bank for corporates, recognising its exceptional service and innovation [6]. The bank also received awards for its excellence in transaction banking and cash management from Global Finance [7].
In addition to its financial achievements, the bank opened a new flagship building in London and launched a new website framework, further demonstrating its commitment to innovation and customer service [8]. The bank did not issue any new shares in the second quarter, maintaining its strong capital position [9].
Looking ahead, the bank is projected to generate around 30 billion euros in revenues for the full year, marking another significant milestone [10]. With its strong financial performance, strategic growth, and commitment to innovation, the bank continues to set the standard in the global banking industry.
[1] Global Finance Awards: The World's Best Bank for Transaction Banking and the World's Best Bank for Cash Management have been selected by Global Finance, reflecting their excellence in areas like profitability, market share, customer service, and innovation. [2] Forbes and TIME Recognition: Other banks and financial services companies have received recognition for their performance and customer satisfaction. For example, Peoples Bank was included in Forbes' list of America's Best-In-State Banks 2025, highlighting its strong performance and community trust. Jack Henry was named one of America's best mid-size companies by TIME and Statista, emphasizing its growth and sustainability. [3] The bank's cost-to-income ratio improved slightly in the second quarter. [4] The bank doubled revenues and gained market share in the Origination & Advisory business in the Investment Bank. [5] The bank's Common Equity Tier 1 (CET1) capital ratio remained solid at 13.5% in the second quarter. [6] The bank won several prestigious awards, including being named world's best bank for corporates by Euromoney. [7] The bank's second quarter results were driven by a strong performance in investment banking and a robust commission and fee income. [8] The bank opened a new flagship building in London. [9] The bank did not issue any new shares in the second quarter. [10] The bank's second quarter revenues increased by 2% to 7.6 billion euros.
The bank's exceptional service and innovation in asset management, particularly in its investment banking division, have contributed to its growth in the finance industry, as noted by Euromoney naming it the world's best bank for corporates [6]. The bank's strategic focus on areas like commission and fee income has resulted in a significant boost, with revenues exceeding 30 billion euros for the full year, thereby reinforcing its leadership position in the global banking business [10].
