Deutsche Bank AG announced on Thursday that its revenue for the fourth quarter of fiscal 2024 climbed by 8% year-over-year to €7.2 billion. Net profit in the reported trimester stood at €337 million, plunging from €1.4 billion registered in the same period a year prior.
For the full year, revenues were up 4%, landing at €30.1 billion, while net profit plummeted 28% compared to the year before, standing at €3.5 billion.
"Our strong and growing operating performance reflects the turnaround achieved in recent years. We delivered another year of revenue and business growth, maintained tight operating cost discipline, acted decisively to put significant legacy costs behind us and continued to invest in our platform. All of this – together with the strong start we have made this year – gives us firm confidence that we will deliver on our RoTE target of above 10% in 2025 and further increase distributions to shareholders," CEO Christian Sewing commented.
