Deutsche Bank’s highest net profit since 2007

Deutsche Bank announced its financial results for 2022.

Accordingly, the bank generated a net profit of 5.02 billion Euros last year, due to the effect of higher interest rates and the tax advantage from revaluation. This figure was recorded as the highest annual net profit since 2007.

Deutsche Bank group’s net income also rose 7 percent to 27.2 billion euros.

Meanwhile, it was noteworthy that the bank announced 3 consecutive years of profit in the last 11 years.

“WE HAVE SUCCESSFULLY TRANSFORMED DEUTSCHE BANK IN THE PAST 3.5 YEARS”

Deutsche Bank’s Chief Executive Officer (CEO), Christian Sewing, stated that they have successfully transformed Deutsche Bank in the past 3.5 years.

Noting that they implemented their restructuring plans in a disciplined manner, Sewing said, “As a result, we are well equipped to deliver sustainable growth and returns to the bank’s shareholders in the years to come.” used the phrase.

Deutsche Bank, which is shown as one of the most important banks in terms of the global financial system, announced in July 2019 that it will go through a comprehensive restructuring of 9 billion Euros and lay off 18,000 employees by 2022.

Analysts say Deutsche Bank’s growth; He said he was “vulnerable” to a slowing economy, high inflation rates, the Russia-Ukraine war and regulations that have plagued the bank for years.

Meanwhile, Deutsche Bank has announced that it will increase the dividend from 0.20 euros to 0.30 euros per share.