Deutsche Bank reported third-quarter pretax profit of €2.63 billion, about 10% above the €2.39 billion analysts expected. Record inflows into wealth and asset management offset higher provisions for bad loans, while costs held flat at €5.2 billion. Net revenues rose 4% to €8.3 billion. Profit after tax was €1.9 billion, a record for a third straight quarter. Asset Management took in €31 billion, and Private Bank added €17 billion. Provisions for credit losses rose 20% from a year earlier to €501 million. The bank said strong nine-month results support its goal of more than €33 billion in revenue in 2026. Chief executive officer Christian Sewing said the bank may exceed its 2028 target for return on tangible equity of more than 13%.

AirTrunk, an Asia Pacific and Middle East data centre specialist, has secured a A$4.25 billion green loan to fund the continued development of its SYD3 campus in Western Sydney. A consortium of 32 local and international financial institutions backed the loan, one of the largest lending groups assembled for a data centre financing in Australia. Fourteen lead banks underwrote it, including BNP Paribas, Deutsche Bank, and HSBC. SYD3 will add capacity for cloud and artificial intelligence (AI) services. The project is expected to support more than 10,000 jobs, with completion expected by mid-2028. The deal brings AirTrunk's total committed debt financing to about A$38.4 billion (about $26.9 billion). The company plans to invest a further A$75 billion in Australia over the next decade.

Owner and operator of Australia's most powerful battery gears up for next phase of BESS development backed by a consortium of 11 banks and a new $A1.75 billion financing facility.