Deutsche Bank reports Q4 profit before tax EUR 775M vs. EUR 82M last year

Reports Q4 net profit of EUR 2B, including tax benefit in the US. Reports post-tax RoTE of 13.1% with post-tax RoE of 11.7%. Reports Q4 net revenues of EUR 6.3B, up 7% year on year. "Over the past three and a half years we have successfully transformed Deutsche Bank," said Christian Sewing, CEO. "By refocusing our business around core strengths we have become significantly more profitable, better balanced and more cost-efficient. In 2022, we demonstrated this by delivering our best results for fifteen years. Thanks to disciplined execution of our strategy, we have been able to support our clients through highly challenging conditions, proving our resilience with strong risk discipline and sound capital management. As a result, we are well-equipped to deliver sustainable growth and returns to shareholders in the years ahead."