Deutsche Bank released preliminary figures for FY2016 but no income statement or balance sheet. Revenues were down by 10% to €30.0bn for FY2016 compared to FY2015. Risk provisions increased by 45% to €1.4bn in FY2016. Non-interest expenses declined by 24% to €29.4bn for FY2016 as litigation charges came down from €5.2bn for FY2015 to €2.4bn for FY2016. Impairments were down from €5.8bn to €1.3bn (mainly Abbey Life) in the same period. The pre-tax loss is aro
02 Feb 2017
Loss for 2016 worse than expected, a profitable business model strongly needed
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Loss for 2016 worse than expected, a profitable business model strongly needed
Deutsche Bank Aktiengesellschaft (DBK:WBO) | 0 0 -0.3% | Mkt Cap: 26,521m
- Published:
02 Feb 2017 -
Author:
Dieter Hein -
Pages:
2
Deutsche Bank released preliminary figures for FY2016 but no income statement or balance sheet. Revenues were down by 10% to €30.0bn for FY2016 compared to FY2015. Risk provisions increased by 45% to €1.4bn in FY2016. Non-interest expenses declined by 24% to €29.4bn for FY2016 as litigation charges came down from €5.2bn for FY2015 to €2.4bn for FY2016. Impairments were down from €5.8bn to €1.3bn (mainly Abbey Life) in the same period. The pre-tax loss is aro