Moscow. January 28. Deutsche Bank, the largest commercial Bank in Germany, reported a net loss in the fourth quarter of 2015 amid high costs for litigation and restructuring.
As reported in a press-Bank release, its net loss in October-December amounted to 2.1 billion euros compared with a profit of 438 million euros in the same period a year earlier. Revenue of the Bank decreased by 15%, to 6.6 billion euros.
In the last quarter, the Bank reserved on the trial of 1.24 billion euros, restructuring costs of business 790 million euros.
Revenue of investment banking services (Corporate Banking & Securities CB&S) in the past quarter fell to 2.1 billion euros from 3 billion euros in the same quarter of 2014. Revenue of business for the private wealth management (Private & Business Clients PBC) dropped by 200 million euros to 2.2 billion euros. Meanwhile, the revenue management division of the assets of wealthy citizens (Asset & Wealth Management) increased from 1.2 to 1.4 billion euros.
Revenue from trade transactions with debt securities and currencies, the main source of income of the investment-banking division fell by 16% to 947 million euros. Income from operations with shares fell by 28%.
The adequacy ratio core core capital of the Bank as at 31 December decreased to 11.1% from 11.5% three months earlier.
By the end of 2015 overall, the loss amounted to 6.8 billion euros against a profit of 1.7 billion euros a year earlier, revenue increased by 5%, to 33.5 billion euros.