Deutsche Bank has released its un-audited figures for the fourth quarter and full year of 2006. The bank’s income before income taxes was €8.1 billion for the year, up 33 percent from 2005.
Its net income for the year was €6.0 billion, up 70 percent from the 2005 post of €3.5 billion. And its pre-tax return on average active equity was 30 percent. Deutsche Bank’s management board are recommending an annual dividend of €4.00 per share, up 60 percent on 2005.
Figures for the fourth quarter followed with an income of €1.9 billion before income taxes, up 81 percent from the fourth quarter of 2005. Net income finished at €1.8 billion, an increase of 272 percent from the previous fourth quarter. The net income for 2006’s fourth quarter included the €355 million corporate tax credits that arose from the change in German tax laws during the quarter.
“These are our best-ever fourth quarter results, and they complete an exceptional year for Deutsche Bank,” says Josef Ackermann, chairman of the management board. “Both in the corporate and investment bank and in private clients and asset management, we turned in a record year. I am delighted at the value we have delivered to our shareholders, as reflected in our recommended dividend of €4 per share.”