Deutsche Bank announces highest profits in 15 years
2 months ago
Deutsche Bank, Germany's richest lender, announced on Thursday that its 2022 profits were the highest since a record year in 2007, with CEO Christian Sewing attributing the financial success to a realignment under his leadership.
The scandal-hit bank, which recently suffered several years of losses, undertook a strategic overhaul in 2019 that included thousands of job cuts and a bigger focus on Europe.
What did the bank say about its earnings?
The bank said its net profits rose to โฌ5.03 billion ($5.5 billion), up from โฌ1.9 billion in 2021.
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