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Deutsche Bank annual revenues up

7th February 2008
By Staff Writer

Deutsche Bank has reported that its revenues for the year 2007 were E30.7 billion, up 8% when compared to the same period in 2006.

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Deutsche Bank's net income for the year was E6.5 billion, up 7% as against the same period a year ago and income before income taxes was E8.7 billion, up 5% versus the year 2006. Diluted earnings per share were E13.05, up 14% versus E11.48 reported in 2006.

For the fourth quarter 2007, income before income taxes was E1.4 billion, down 25% compared to the same quarter of 2006 and net income was E1 billion, down 47% versus the fourth quarter 2006. For the quarter the bank has reported net revenues of E7.3 billion, up 2% as against the same corresponding quarter last year.

Josef Ackermann, chairman of the management board of Deutsche Bank, said: "In 2007 we clearly strengthened our competitive position and delivered another year of profit growth while simultaneously maintaining our capital strength. This performance enables us to recommend to our shareholders another increase in our dividend, to E4.50 per share."

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