UPDATE 1-Deutsche Bank says makes Q1 profit despite litigation hit

April 22, 2015 5:28 PM

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FRANKFURT, April 22 (Reuters) - Germany's largest lender, Deutsche Bank, made a profit in the first quarter despite absorbing litigation costs of about 1.5 billion euros ($1.61 billion), it said on Wednesday.

"Deutsche Bank will be profitable in the first quarter and will report near record revenues," it said in a statement. The bank is due to report first quarter earnings on April 29.

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