English"Deutsche Bank" AG, Germany"s largest bank, has posted a net profit of EUR 4.95 billion last year, after posting a loss of 3.9 billion Euros in 2008, thanks to the performance of the corporate and investment banking division.
The latter had a pre-tax profit of 4.32 billion Euros in 2009, compared to a loss of EUR 7.37 billion in the previous year.
The bank"s sales reached 28 billion Euros in 2009, from almost 14 billion in the previous year. The operating profit reached 5.2 billion Euros, compared to the loss of 5.7 billion Euros posted in 2008.
The General Manager of the Group, Josef Ackermann, was compensated with 9.55 million Euros, for turning the institution profitable again. In total, "Deutsche Bank" paid its eight members of the Board of Directors 39 million Euros.
"Deutsche Bank" expects the current year to remain difficult, but it also expects its earnings to continue to improve.
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