Deutsche Bank with best result in 15 years – Christian Sewing exceeds its return target

Frankfurt Deutsche Bank did one last year Net profit of 5.02 billion euros achieved. This is an increase of 159 percent over the previous year, as the institute announced on Thursday in Frankfurt. The after-tax return on tangible equity was 9.4 percent. This is the best result for Germany’s largest bank in 15 years. The bank announced that it would raise its dividend to 30 cents per share.

A positive tax effect of 1.4 billion euros also contributed to the success: Because business in the USA is doing better again, the bank can now offset losses from previous years against profits from the present and thus reduce the tax burden. Therefore, the institution has valued its deferred tax assets higher. Without this special effect, the bank’s profit is as high as it was last in 2011.