Year
Winning of Deutsche Bank breaks more than expected
Deutsche Bank gave an old load a decline in profits last year. But that means no waiver for shareholders.
The compensation of former Postbank shareholders had a further decline in profits from Deutsche Bank last year. Before taxes, the DAX group earned almost 5.3 billion euros and thus seven percent less than a year earlier, as he announced in Frankfurt on Thursday. That was less expected than analysts.
Despite the drop in profits, higher dividends
The bottom line was that the profit reduced by shareholders even broke up by 36 percent to 2.7 billion euros after Deutsche Bank benefited from one billion -dollar tax effect in the previous year. The shareholders should still benefit. The dividend should increase from 45 cents to 68 cents per share. In addition, Deutsche Bank promised another share buyback over 750 million euros.
Despite the recent decline in profits, CEO Christian Sewing was confident that the bank will increase its return to material equity in 2025 as planned. Last year it was not even half as high at 4.7 percent. In the current year, income is to continue to grow from a good 30 billion to around 32 billion euros.
dpa
Source: Stern
