CEO Kay Wolf maintained that the bank's internal transformation remains on track, affirming the institution’s existing financial guidance for 2026. The previous year’s deficit was largely driven by heavy provisions linked to the bank's decision to exit its American operations, a strategic move that weighed heavily on its balance sheet at the time.
Despite the return to the black, the broader German commercial real estate sector remains under pressure. Property prices continued to drift lower throughout the second quarter, highlighting the ongoing volatility in the market that serves as the bank's primary business environment.




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