Deutsche Bank said it expects further big legal costs this year to deal with a raft of scandals that have hurt profits and dogged its reputation but is coming closer to ending its litigation nightmare.
"I am cautiously confident that we are gradually approaching the home straight as far as our litigation is concerned," the bank's chief executive John Cryan said.
He made his comments in a speech to the annual meeting of shareholders.
Germany's biggest lender has currently set aside provisions of €5.4 billion to settle pending litigation and expects to see further significant charges this year, Cryan said.
Legal charges were in part to blame for Deutsche Bank recording a net loss of nearly €7 billion last year.
Deutsche Bank was making progress in improving its operations and had already completed much of its work in cutting its balance sheet, Cryan said.
The lender was on track to reach its target Common Equity Tier 1 capital solvency ratio of at least 12.5% of risk-adjusted assets, although "discipline" remained essential, its CEO added.
