Deutsche Bank's net income in 2021 was €2,510 million, four times higher than in 2020 (€624 million) and the highest since 2011.

Deutsche Bank reported last Thursday that revenues increased last year to €25,410 million (+61TP2Q), and that it reduced provisions for non-performing loans to €515 million (-711TP2Q).

Deutsche Bank CEO Christian Sewing, quoted by the newspaper Negócios, said when presenting the figures that in 2021 it quadrupled net income and achieved its best result in ten years, while leaving behind transformation costs.

"We are pleased to once again deploy capital to our shareholders, as we promised in the summer of 2019. Our transformation progress and financial result in 2021 provide a strong starting point for achieving our goal of a tangible return on equity of 8% in 2022," Sewing added.

Deutsche Bank, which reduced its common stock first quality ratio (CET 1) to 13.21TP2Q (13.61TP2Q), posted a pre-tax profit of €3,390 million (down from €1,021 million in 2020).

Deutsche Bank will distribute dividends to shareholders of about 700 million euros and has also decided to repurchase shares worth 300 million euros in the first half of this year.

The board of directors will propose a dividend of €0.20 per share for 2021 at the next general meeting of shareholders.