Deutsche Bank reports highest profits in 15 years
According to the business result report in 2022, Germany's Deutsche Bank posted a net profit of 5.03 billion euros ($5.5 billion) in 2022, up from 1.9 billion euros in 2021, the highest level since 2007.
According to the business result report in 2022 released on February 2, Germany's Deutsche Bank announced its highest annual profit since 2007 thanks to high interest rates and efforts to cut costs.
Deutsche Bank achieved a net profit of 5.03 billion euros ($5.5 billion), up from 1.9 billion euros in 2021.
Deutsche Bank's full-year 2022 revenue reached €27.2 billion, up 7% year-on-year. This increase was achieved because the European Central Bank (ECB) raised interest rates to combat inflation.
Deutsche Bank's earnings boost was partly driven by revenue growth in its key corporate banking and investment banking operations.
Deutsche Bank reports highest profits in 15 years
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