Deutsche Bank on Wednesday posted a 7% rise in third-quarter profit, defying expectations for a drop after its global investment banking division generated a chunky increase in revenue.

Deutsche, Germany's largest lender, recorded net profit attributable to shareholders of 1.56 billion euros ($1.82 billion) in the quarter, up from a profit of 1.46 billion euros a year earlier. It is better than analyst expectations for a profit of around 1.34 billion euros.

The figures come in the final stretch as Deutsche winds up a three-year plan and attempts to meet a series of targets that some analysts have doubted it would achieve.

"We are on track to deliver on our 2025 financial targets," CEO Christian Sewing said.

($1 = 0.8575 euros)