Deutsche Bank-0.63%
Deutsche Bank posts Q4 net revenues of €6.3B, up 7%
Deutsche Bank AG revealed on Thursday that its net revenues in the fourth quarter of fiscal 2022 rose 7% year on year to reach €6.3 billion. Profit attributable to shareholders stood at €1.8 billion, surging from €145 million recorded in the same timeframe a year prior.
In the whole 2022, net revenues were up 7% on an annual basis to €27.2 billion. Meanwhile, full-year 2022 profit attributable to shareholders amounted to €5.02 billion, up from €1.9 billion recorded in 2021.
For the full-year 2023, Deutsche Bank expects revenues to be between €28 billion and €29 billion. "By refocusing our business around core strengths we have become significantly more profitable, better balanced and more cost-efficient. In 2022, we demonstrated this by delivering our best results for fifteen years," CEO Christian Sewing commented.