"/>

国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Deutsche Bank posts net loss for third year in a row

Source: Xinhua    2018-02-02 20:04:58

FRANKFURT, Feb. 2 (Xinhua) -- Deutsche Bank, Germany's largest bank, on Friday reported a net loss of 0.5 billion euros (625 million U.S. dollars) for 2017.

The bank managed to achieve its first pre-tax profit of 1.3 billion euros in three years but still suffered an after-tax loss, Deutsch Bank said in a statement. It is the third consecutive loss recorded by the bank.

The tax reform in the United States, which resulted in a non-cash charge of around 1.4 billion euros, heavily affected the net income and made the difference between profit and loss, the bank said.

The bank highlighted an improvement of profitability, citing its pre-tax loss of 810 million euros in 2016. The improvement was largely attributed to significant reductions in impairments and litigation charges.

In January, Deutsche Bank agreed to pay 7.2 billion U.S. dollars to the U.S. Justice department and wrapped up one of its biggest litigation risks. The U.S. Justice department accused Deutsche Bank of misleading its customers about risky mortgages before the financial crisis in 2008.

Looking ahead, John Cryan, Chief Executive Officer of Deutsche Bank, said, "We believe we are firmly on the path to producing growth and higher returns with sustained discipline on costs and risks." (1 euro=1.25 U.S. dollars)

Editor: Lifang
Related News
Xinhuanet

Deutsche Bank posts net loss for third year in a row

Source: Xinhua 2018-02-02 20:04:58

FRANKFURT, Feb. 2 (Xinhua) -- Deutsche Bank, Germany's largest bank, on Friday reported a net loss of 0.5 billion euros (625 million U.S. dollars) for 2017.

The bank managed to achieve its first pre-tax profit of 1.3 billion euros in three years but still suffered an after-tax loss, Deutsch Bank said in a statement. It is the third consecutive loss recorded by the bank.

The tax reform in the United States, which resulted in a non-cash charge of around 1.4 billion euros, heavily affected the net income and made the difference between profit and loss, the bank said.

The bank highlighted an improvement of profitability, citing its pre-tax loss of 810 million euros in 2016. The improvement was largely attributed to significant reductions in impairments and litigation charges.

In January, Deutsche Bank agreed to pay 7.2 billion U.S. dollars to the U.S. Justice department and wrapped up one of its biggest litigation risks. The U.S. Justice department accused Deutsche Bank of misleading its customers about risky mortgages before the financial crisis in 2008.

Looking ahead, John Cryan, Chief Executive Officer of Deutsche Bank, said, "We believe we are firmly on the path to producing growth and higher returns with sustained discipline on costs and risks." (1 euro=1.25 U.S. dollars)

[Editor: huaxia]
010020070750000000000000011100001369451161
主站蜘蛛池模板: 娱乐| 安庆市| 民和| 临清市| 吉隆县| 昌江| 蓬溪县| 水城县| 金平| 罗甸县| 道孚县| 博爱县| 安庆市| 韶山市| 吉林市| 龙川县| 庄河市| 萍乡市| 永靖县| 石景山区| 宜都市| 克拉玛依市| 上思县| 宜兰县| 景洪市| 赫章县| 当涂县| 门源| 龙门县| 平乐县| 车致| 正宁县| 龙里县| 甘南县| 榆社县| 遵义县| 遵化市| 东山县| 密山市| 永福县| 大化|