The German Bank has written in the past year, is back in the black. Thus, a three-year losing streak is over.
As the largest German money house on Friday in Frankfurt told, was the result below the line, at 341 million euros. In 2017, the Institute had suffered a net loss of 735 million euros.
“The return to the profit zone shows that Deutsche Bank is on the right track,” said chief Executive, Christian Sewing.
Fourth quarter, red
However, the Bank benefited in the case your total profit for the year of your nine-month result. Because in the fourth quarter, the Bank slipped with 409 million Euro in the red.
In investment banking, net revenues decreased by more than a billion euros to around 13 billion euros. Before taxes, the result left fell from 1.1 billion to 530 million euros. 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 829 million Euro.
Hope to 2019
For the current year is Sewing optimistic: “We will reduce in 2019 the cost and at the same time invest in growth. So, we will increase our profitability beyond the current year substantially.”
The shareholders are to get a stable dividend of eleven cents per share.
ME
source: boerse.ard.de
