German giant Deutsche Bank reports first annual net profit in 6 years
CEO of Deutsche Bank Christian Sewing appreciated the transformation. (Photo Credit: Twitter/@DeutscheBank)
Net revenues of its investment bank grew by 32% to €9.3 billion during the year
The bank was driven by solid returns from its investment banking division
Annual net profit for 2020 hit €113 million, while net profit amounted to €51 million for the fourth quarter.
with inputs from AFP
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