www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> Europe
Deutsche Bank posts first loss since WWII 
(Agencies)
Updated: 2009-02-05 21:33

FRANKFURT -- The biggest German bank, Deutsche Bank, on Thursday posted its first annual loss since World War II owing to a catastrophic fourth quarter but vowed to survive the global financial crisis.

The Deutsche Bank headquarters in Frankfurt. The biggest German bank has posted its first annual loss since World War II owing to a catastrophic fourth quarter but vowed to survive the global financial crisis. [Agencies] 

The bank said it had made a net loss of 3.9 billion euros (US$5.0 billion) in 2008, a figure that reached 4.8 billion in the fourth quarter alone.

Related readings:
 Deutsche Bank: China to see worst deflation in a decade
 Deutsche Bank sees profit rise
 Deutsche Bank to write down 2.5b euros
 Deutsche Bank says goals are at risk

In 2007, Deutsche Bank had reported a record profit of 6.5 billion euros.

"Operating conditions in the (fourth) quarter were completely unprecedented, and exposed some weaknesses in our business model," a statement quoted Deutsche Bank chairman Josef Ackermann as saying.

He acknowledged being "very disappointed" at the quarterly figures but said that "since the trust and support of our shareholders is critical for us, we recommend a dividend for the year 2008 of 50 cents per share."

That is well below the 4.50 euros per share dividend paid in 2007 however, and the lack of a detailed outlook for 2009 worried investors, who drove the bank's share price down by 4.19 percent to 20.35 euros in morning Frankfurt trading.

"The only positive aspect so far is that the bank didn't announce a capital hike, as some might have feared," Dow Jones Newswires quoted a trader as saying.

The bank's shares would fall further if it did not provide an outlook at a press conference scheduled later in the day, he predicted.

Deutsche Bank's annual results were first announced on January 14, and Ackermann stressed Thursday that "we are convinced that Deutsche Bank will emerge successfully from the current crisis."

The bank managed to increase its core capital ratio from 8.6 percent of total assets at the end of 2007 to 10.1 percent at the end of last year, the statement said.

The so-called Tier 1 ratio is a measure of financial strength and is being closely watched by analysts for indications of how well equipped banks are to cope with the current market crisis.

Deutsche Bank also took provisions for credit losses worth a total 1.1 billion euros, an increase of 76 percent from the previous year.

Ackermann said he remained committed to the bank's business model, which is focused on investment banking, a lucrative field in which Deutsche Bank is one of the global leaders.

But the sector has suffered sustained turmoil since mid 2007.

"In investment banking, we are market leaders in areas which have continued to perform well throughout the crisis," he stressed.

But the bank was "repositioning our platform in some core businesses," the chairman acknowledged.

For the full year 2008, Deutsche Bank revised the total value of its assets lower by 7.0 billion euros, more than three times the 2007 write-downs of 2.3 billion euros.

In the fourth quarter alone, asset write-downs amounted to 5.3 billion euros.

主站蜘蛛池模板: 免费国产一区二区在免费观看 | 久久久久久福利 | 久久这| 国产成人亚洲精品无广告 | 天天干夜夜怕 | 久久免费特黄毛片 | 18在线观看国内精品视频 | 国产成人精品实拍在线 | 欧美日韩加勒比一区二区三区 | 欧美高清亚洲欧美一区h | 欧美中文一区 | 久久久999国产精品 久久久99精品免费观看 | 美女张开大腿让男人桶 | 美女美女大片黄a大片 | 久久爱wwwww 久久爱www成人 | 玖玖玖精品视频免费播放 | 澳门毛片在线播放 | 我要看一级大片 | 国产三级日产三级日本三级 | 性亚洲精品 | 国产亚洲亚洲精品777 | 欧美成人久久久 | 一级国产精品一级国产精品片 | 日本黄页网站在线观看 | 国产一区亚洲二区 | 看免费人成va视频全 | 中文在线视频 | 久草在线影 | 日韩高清在线二区 | 寡妇一级a毛片免费播放 | 久草在线观看福利 | 亚洲国产精品日韩在线 | 欧美性妇 | 亚洲一级毛片 | 狠狠88综合久久久久综合网 | 91精品啪在线看国产网站 | 欧美俄罗斯一级毛片 | 三级免费网站 | 国产精品久久久久久久hd | 日本免费毛片 | 欧美videofree性欧美另类 |