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Deutsche Bank: maxi red from 6,8 billion in 2015

Restructuring costs, legal fees and the drop in revenue weigh on the results of the German institute – In the fourth quarter alone, Deutsche Bank recorded a loss of 2,1 billion.

Deutsche Bank: maxi red from 6,8 billion in 2015

Goes on file 2015 of Deutsche Bank, which closed with a net loss of 6,8 billion euros, weighed mainly by huge restructuring costs, provisions for legal costs and declining revenues. In the fourth quarter alone, the German institute recorded a deficit of 2,1 billion.

In 2015, the net revenues of the largest German bank were at par 33,5 billion, while the Cet 1 capital ratio is 11,1%. The bank also made goodwill write-downs of 5,8 billion and recorded charges for litigation of 5,2 billion. Deutsche Bank received a record 2,5 billion fine in May.

"We know that restructuring periods can be difficult - said CEO John Cyran, who said - confident that, by continuing to apply our strategy in a disciplined way, we can transform Deutsche Bank into a stronger, more efficient and with the best performance". 

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