Deutsche Bank reports its highest full-year net profit since 2011 in Q4 results, with profit before tax at €3.4B in 2021, according to a press release by Deutsche Bank on Wednesday.

  • Net profit for the full year was €2.5 billion —  a more than four times increase over 2020. Adjusted profit before tax more than doubled compared to 2020, growing to €4.8 billion.
  • In Q4, profit before tax was €82 million, and net profit was €315 million, increasing 67% year on year.
  • Net revenues in the fourth quarter rose by 8% year on year to €5.9 billion as noninterest expenses grew by 11% year on year.
  • Investment bank net revenues increased by 4% to €9.6 billion in 2021. Revenues in Fixed Income & Currencies (FIC) sales & trading remained fairly the same as revenues in Origination & Advisory grew by 23%.

In 2022, the Management Board of Deutsche Bank has decided to start a share repurchase program of €300 million to be finalized in the first half of 2022. Deutsche Bank up +5.32%.