Deutsche Bank Profit Rises on Booming Lending Business

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Deutsche Bank’s profit rose on the back of higher interest rates, driving the German lender to its strongest year since 2007

Deutsche Bank AG’s net profit rose in the fourth quarter on the back of higher interest rates and a tax gain, driving the lender to post its strongest year since 2007.

However, the fourth-quarter pretax results missed analysts’ expectations as the investment-banking performance disappointed. Deutsche Bank shares fell as much as 4% Thursday in German trading, though remained up around 40% over the past six months.

 

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