Last Updated February 02, 2012
TF strengthens Deutsche's Q4 results
Deutsche Bank’s global transaction banking (GTB) division has seen an increase in net revenues due to substantial growth in its trade finance products.
Deutsche’s GTB generated revenues reached €929mn in Q4 2011− an increase of €62mn, or 7% compared to Q4 2010.
For the full year, GTB’s net revenues hit a record €3.6bn, an increase of 7%, or €229mn, compared to 2010 which included €216mn related to negative goodwill from the acquisition of the commercial banking activities in the Netherlands.
This increase was driven by a record performance across all of the bank’s businesses with growth in fee and interest income, Deutsche says in its results statement today.
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