Frankfurt - In spite of the market turmoil unleashed by the world financial crisis, Deutsche Bank AG reported Thursday a third-quarter profit helped along by new accounting rules.
Germany's biggest bank said net profit in the three months to the end of September came in at 414 million euros (546.3 million dollars). This compares with a 1.63-billion-euro profit in the same period last year.
"After a period of exceptional market turbulence, the outlook for our business remains challenging," Deutsche chief Josef Ackermann said releasing the results.
"We will balance our dividend policy with our commitment to conserving capital strength in a highly uncertain environment," he said.