Annual profits were also reported to be up by 33 per cent, thanks to strong trading income and a good performance in its investment banking operations.
The results beat general market expectations, although analysts still warned that the Frankfurt-based bank had much to do to catch up with its US rivals.
Despite this, Dr Josef Ackermann, Deutsche Bank's chairman, said that the bank was in a "strong position" in the modern banking world.
"Powerful trends are shaping our environment. Globalization is accelerating," he said, in a statement.
"Geographical boundaries are disappearing, and emerging markets are growing in importance [and] we see sustained growth in the world's capital markets, with innovation in securities trading businesses, and dynamic levels of corporate activity."
Mr Ackermann added: "Deutsche Bank is very well positioned to take full advantage of these trends and we have excellent prospects for continued success in 2007."