The Strategist

Deutsche Bank quadruples net profit in 2021

01/27/2022 - 08:44

Deutsche Bank, Germany's largest bank, posted a net profit of €2.51 billion last year, a fourfold year-on-year increase and the highest since 2011, according to the credit institution's accounts.

Net profit attributable to shareholders rose to €2.365 billion, up 4.8 times from a year earlier. Diluted earnings per share amounted to €0.96 after €0.07 a year earlier. Revenue rose 6 percent to €25.41 billion.

Deutsche Bank's net income for the fourth quarter rose 1.7 times to €315 million. Net income attributable to shareholders was €263 million, up 1.8 times year on year. Diluted earnings per share for the quarter amounted to €0.93, after €0.07 a year earlier. Revenue for the period rose by 8 percent to €5.9 billion, compared with a forecast of €5.67 billion.