Deutsche Bank has reported a rise in bottom-line earnings in 2002, reflecting what the biggest German bank termed as its 'great resilience in today's tough markets'.
Deutsche Bank said in a statement it recorded net profits of €397m in 2002, up from €167m a year earlier.
Pre-tax profit, the yardstick more closely watched by analysts, amounted to €3.5 billion last year, compared with €1.8 billion in 2001.
But after setting aside €1.9 billion in provisions for bad and risky loans, more than double the amount in 2001, underlying pre-tax profit fell by 15% to €1.9 billion.
