Alexa
  • Directory of Taiwan

Deutsche Bank reports euro4.8 billion 4Q loss

Deutsche Bank reports euro4.8 billion 4Q loss

Deutsche Bank AG, Germany's biggest bank, says it lost an estimated euro4.8 billion ($6.4 billion) in the fourth quarter last year.
Based on preliminary figures, Deutsche Bank says in a statement Wednesday the loss after taxes "reflects exceptional market conditions" which severely impacted the results of its sales and trading businesses.
It also "reflects exposure reduction and other de-risking measures" among other factors.
Deutsche Bank says it expects its full-year loss for 2008 to come it at about euro3.9 billion.
Its fourth-quarter and full-year 2008 earnings are due to be released Feb. 5.


Updated : 2021-06-24 19:12 GMT+08:00