Portugal - €7.3M pre-tax profit at Deutsche Bank

By TPN/Lusa, in Business · 18-02-2018 10:07:00 · 0 Comments
Portugal - €7.3M pre-tax profit at Deutsche Bank

Deutsche Bank Portugal made a pre-tax profit of €7.3 million in 2017, compared with €33.5 million the year before.

The bank justified the 78.2% drop in gross profit with the fact that in 2016 "there was an extraordinary positive result in terms of impairments that was not repeated in 2017".

The financial margin increased to €19.7 million, compared with the €16.1 million in 2016, while the banking product rose to €56.9 million, 4.4% more than 12 months earlier.

Deutsche Bank Portugal stressed there had been a “substantial reduction in financial costs”, from €50.4 million in 2016 to €44.4 million in 2017.


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