Deutsche Bank GTB ‘solid’ amid poor earnings
A full year revenue figure of €4.6bln ($5.01bn) represented a rise of 12% year-on-year for the division.
The German lender described it as a “solid performance” in challenging market conditions.
Inflows helped the bank’s asset and wealth management segment also report an increase revenue in the fourth quarter, the bank said.
The impact of exchange rates helped both divisions.
Overall though, Deutsche Bank posted a net loss of €6.8bn ($7.42bn) for 2015, as writedowns, litigation charges and restructuring costs across the organisation took their toll.
It marks the bank’s first full-year loss since the financial crisis.
New co-chief executive John Cryan has focused on restructuring and cost cutting while trying to maintain the company’s status as a major force in global investment-banking and trading.
Today, he said considering progress was made in 2015 and that the bank will “continue to work hard to clear up legacy issues".
“Restructuring work and investment in our platform will continue throughout the year,” he added.
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