Deutsche Bank: first annual net profit since 2014

(CercleFinance.com) - For FY 2018 Deutsche Bank has unveiled its first positive annual net profit since 2014, which reached 341 million euros, against a loss of 735 million euros in 2017, along with taxable profit that is up 8% at 1.
3 billion euros.

The bank has highlighted a 5% reduction in its adjusted costs, to 22.8 billion euros, which represents a better level than its target of 23 billion euros, with the number of full-time equivalent jobs reduced to about 91,700 at the end of the year.

On the strength of this performance, the German bank's management will propose a dividend of 11 cents per share for 2018, and has cut its adjusted cost target for 2019 to 21.8 billion euros.



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