Deutsche Bank Net Loss Narrows to €1.36b, FX Rebounds on US Election

[kreslik.news]

Deutsche Bank, the biggest German lender and major foreign exchange prime broker, has reported its quarterly and full year results for 2016. The company’s net loss for the year narrowed down materially from €6.78 billion in 2015 to just over $1.35 billion last year.

The top German lender’s net revenues for the fourth quarter of 2016 increased by 6 percent year-on-year to €7.1 billion. Revenues for the full year are 10 percent lower at €30.0 billion, due to a “challenging market environment” and a “persistent low interest rate environment”.

Commenting on the results, the company’s CEO, John Cryan, said: “Our results for the ... (read more)