Sustainable and transition financing volumes at Deutsche Bank reached 31bn euros in the second quarter, up 11 per cent on a year earlier, keeping the lender on course for its 900bn euro target by 2030.
Deutsche Bank reported sustainable and transition financing volumes of 31bn euros, or about $35.5bn, in the second quarter of 2026. That’s 11 per cent above the same quarter of 2025 and the bank’s strongest sustainable finance quarter since late 2021. It’s also the second strongest of any quarter since the sustainability strategy launched in 2020.
First-half volumes came to 52bn euros, or roughly $59.6bn, an 18 per cent rise on the same period last year. Cumulative volumes since 2020 now stand at 523bn euros against a target of 900bn euros by the end of 2030.
Where the growth came from
The Investment Bank accounted for the largest share of first-half volumes at 36.3bn euros, up 25 per cent year on year. The Private Bank grew fastest, rising 71 per cent to 9.7bn euros. Corporate Bank went the other way, falling 43 per cent to 5.9bn euros.
That divergence tells you where transition demand currently sits. Capital markets activity and wealth allocation are carrying the numbers, while corporate lending has thinned. For a bank measuring itself against a cumulative target, the mix matters less than the total, though it does shape how durable the run rate looks.
How the bank reads it
Jorg Eigendorf, Chief Sustainability Officer at Deutsche Bank, said: “While quarterly volumes will naturally fluctuate with market conditions and client activity, the underlying trend remains strong: our clients continue to be committed to and invest in their long-term transition, making their contribution to a less carbon-intensive economy.”
Eigendorf also pointed to a significant market recovery in the bank’s ESG assets under management, alongside strong inflows. The half-year figures follow a rebound in volumes across 2025, which the bank attributed at the time to renewed client demand.
The strategy behind the numbers
Late in 2025 Deutsche Bank updated its sustainability strategy, extending it to cover net zero transition funding in hard-to-abate sectors. It published a Transition Finance framework setting out the rules and parameters for those transactions, and introduced the 900bn euro target spanning sustainable finance, ESG investments and transition finance between 2020 and the end of 2030.
European banks have spent the past two years recalibrating sustainable finance targets as political pressure has shifted, particularly in the United States. Deutsche Bank’s numbers suggest the European client base has kept spending. Half-year volumes of 52bn euros against a 900bn euro decade target leave the bank running slightly behind a straight-line pace, so the second half will matter.
