The third quarter loss that had been reported by the Deutsche Bank AG, the biggest bank of Germany was smaller than estimated. The higher profit of the investment bank had helped to moderate a write down on its post bank stake.

In Frankfurt trading Deutsche Bank saw a rise of two percent after it reported a loss of one decimal two one billion euros which is less than the estimated loss of one decimal five two billion euros predicted by analysts. The bank on September 21 stated that it would book two decimal three billion euro charge connected with Postbank.

Joseph Ackerman, the chief executive officer of the bank completed a record share sale of the bank worth ten decimal two billion euro for purchasing the post bank based in Bonn for the required capital rules. The bank run by Anshu Jain saw a rise of twelve percent in its earnings before tax to reach the amount of one decimal one billion euro. The bank had surpassed all the estimates given by analysts and outperformed other institutions like Credit Suisse Group AG and UBS AG.

According to the Merck Finck &Co, analyst Konrad Becker, the performance of investment banking unit of the Deutsche Bank was way better than its competitors. He advised people to buy the shares of the bank. Actually the out performance of the investment banking unit could moderate the overall loss of the postbank charge.

The biggest bank of Switzerland, UBS, yesterday reported its loss in the third quarter at its investment bank as there was a slack in trading. With lower client activity the trading of the second biggest bank of Switzerland, Suisse, lowered and the bank incurred a loss of seventy four percent in the third quarter.