The German Bank has made in the past year, a profit of 341 million euros. Most recently, the Bank of 2014 had written the black. Chief Executive, Christian Sewing is satisfied with the development. In key areas such as investment banking and asset management, half of the results. the
Deutsche Bank writes in 2018, after three years of losses in a row back in the black. As the company announced on Friday in Frankfurt, was the result last year at 341 million Euro (here’s an Overview as a PDF). The year before, the Institute had suffered a net loss of 735 million euros. The ten months of the incumbent chief Executive, Christian Sewing, showed a total satisfied: “The return to the profit zone shows that Deutsche Bank is on the right track.”
In the current year, wool to reduce the Bank’s costs and at the same time investing in growth, so Sewing. So you’ll be even more profitable, the reduction of the course schedule. The cost of Sewing was ambitious: this year, they are expected to fall to 21.8 billion euros. 2018, the adjusted cost stood at 22.8 billion Euro, which is below the target of 23 billion. The shareholders should get a “stable dividend” of eleven cents per share. In the past years, the Institute had distributed to the shareholders in each case only a compulsory dividend.
The fourth quarter of 2018, squeezing out the result of the Bank down a bit. Like other big banks, Deutsche Bank suffered under the turbulence on the financial markets, and in contrast to the main US competitors in the red. The Minus in the fourth quarter amounted to a net of 409 million euros. Especially the trade with securities, once one of the Prime disciplines of the Frankfurt – weakened. Here, a decrease in the yields of 23 percent to 786 million euros.
results in investment banking and asset management, not cut in half
The investment banking as a whole, which includes, in addition to the trading securities is also the consulting business in mergers and Acquisitions, and the accompaniment of the customer in the case of IPOs, delivery throughout the year. The income fell by more than a billion euros to around 13 billion euros. Before tax 530 million euros remain. In 2017, the tax had been your result at € 1.1 billion.
Also in asset management, it delivery round for the Deutsche Bank. Here is the result of 732 halved to EUR 367 million. The Private and corporate customer business, in which Postbank is included, however, could keep the revenues stable and earnings from 465 to EUR 829 million.
Deutsche Bank is not, for years, out of the crisis. In 2015, the former Chairman of the Board John Cryan, who had to go last April, had reported a record loss of 6.7 billion euros. In 2016, the Minus was due to a billion penalty in the United States at 1.4 billion euros. In 2017, the US tax reform, which had led the German Bank to a strain of 1.4 billion euros, had prevented, then make a profit.
