Deutsche Bank urges patience after third annual loss


The bank said its profit margins had worsened due to a drop in investment bankin and changes to the system of taxation in the US, CNBC said.

"Those businesses are not core to us and remain not core".

ECB officials have pointed out that the stimulus, which involves the purchase of bonds to keep market interest rates low, has actually helped banks by supporting the economic recovery.

In particular, Q4 at Deutsche Bank saw a net loss of €2.19 billion euros, down from €1.89 billion a in 2016, while revenue slumped 19.0 percent to €5.7 billion.

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Without a EUR1.4 billion charge tied to the value of deferred tax assets announced in early January, the German lender said it would have recorded 2017 net income of EUR900 million, compared with a prior-year loss of more than EUR1 billion.

In the fourth quarter of 2017, the German lender Deutsche Bank has posted a net loss of 1.25 billion euros which were estimated by the analysts.

The German lender also said low volatility, reduced activity and hard trading conditions harmed profits on its investment banking arm. The fourth quarter revenues for the investment banking arms were valued at 2.7 billion euros which was down by 16% year on year.

"The leadership team of a large corporation - including that of a German bank - must always pay attention to how its decisions are perceived in public", Steffen Seibert told journalists in Berlin, reiterating similar remarks this week. Executives declined to reveal discussions about a dividend ahead of a March meeting of management and board members. Disappointing earnings from Deutsche Bank are weighing on the indices, while other banks are also in the red. Without that, the bank said it would have made a full-year net income of about 900 million euros. Local trading bourse were also negative.

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"We are in a particular time in Germany where the word bonus does still have a certain sensitivity", he said.

Investors are frustrated with profit weakness but give Mr. Cryan credit for progress settling litigation headaches and making tough decisions to exit risky businesses and cut staff.

Analysts had forecast a loss of €1.95-billion on revenue of 6.2 billion.

"This is capitalism gone out of control and it's bad for Deutsche Bank's image in Germany", Hans-Christian Stroebele, a prominent member of Germany's Green party and one of the country's best known liberals, said. Banks in general are grappling with smaller overall fee piles clients are paying for trading and investment banking.

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