For the full year, profit was €5.025 billion versus €1.94 billion a year earlier and the analyst view of €4.174 billion. It was the largest annual profit since 2007, Deutsche said, and was helped by a €1.4 billion tax benefit.
Still, analysts said the bank is vulnerable to a slower economy, high inflation rates, war on the continent, and regulatory issues that have plagued it over the years. It did not quite turn out that way, though recently the tides have turned, further underscored by Thursday's figures.
IrishTimes
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Permanent TSB opens for business in former Ulster Bank branchesBank takes over 25 former Ulster Bank branches, expanding its branch network to 98 locations It's an odd one this, Existing PTSB branches clearly don't want customers in them , much the same as AIB & Bank of Ireland 🤔 Will these be actual branches though and not just a machine? I had drive by 3 'branches' to get a bank draft in one of their banks that has a cash desk. I wasn't even lodging cash, just a withdrawal via draft
Source: IrishTimes - 🏆 3. / 98 Read more »
'Significant decline' in account activity across KBC and Ulster Bank as market exit loomsThere has been a significant decline in activity across both Ulster Bank and KBC current accounts as the banks prepare to leave the Irish market, TDs are to hear today
Source: thejournal_ie - 🏆 32. / 50 Read more »