FRANKFURT AM MAIN, Jan 30 — Germany’s biggest lender Deutsche Bank said today that it lost €5.7 billion (US$6.3 billion) in 2019, its fifth annual loss in a row and its second-worst ever result. Deutsche’s net result was significantly worse than the €5.3-billion loss forecast by analysts...
The financial district with the headquarters of Germany's largest business bank, Deutsche Bank, at early evening in Frankfurt January 29, 2019. — Reuters pic
Deutsche reported revenues of €23.2 billion, down 8 per cent year-on-year, and a pre-tax loss of 2.6 billion. And despite the losses, “with our strong capital position... we’re very confident we can finance our transformation with our own resources and return to growth,” Sewing said.
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