Deutsche Bank: posts net loss for FY 2019
(CercleFinance.com) - Deutsche Bank has announced a sharp fall in its FY 2019 result, which came in at -5.
265 billion euros, against a profit of 341 million euros in 2018, which the group explains is entirely due to effects relating to its transformation.
FY net banking income fell by 8% to 23.165 billion euros.
In Q4 alone, revenues fell by 4% to 5.4 billion euros, for a pre-tax loss of 1.3 billion euros.
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265 billion euros, against a profit of 341 million euros in 2018, which the group explains is entirely due to effects relating to its transformation.
FY net banking income fell by 8% to 23.165 billion euros.
In Q4 alone, revenues fell by 4% to 5.4 billion euros, for a pre-tax loss of 1.3 billion euros.
Copyright (c) 2020 CercleFinance.com. All rights reserved.