Deutsche Bank swings to full year profit after weak fourth quarter

Image
Reuters FRANKFURT
Last Updated : Feb 01 2019 | 11:35 AM IST

FRANKFURT (Reuters) - Deutsche Bank returned to profit in 2018, its first in four years, despite a loss in the fourth quarter, it said on Friday.

The fourth-quarter net loss of 409 million euros ($467.73 million) at Germany's flagship lender was greater than the 268 million euros expected on average by analysts, according to a consensus report on the bank's website.

($1 = 0.8744 euros)

(Reporting by Tom Sims and Patricia Uhlig; editing by Thomas Seythal)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 01 2019 | 11:24 AM IST

Next Story