Deutsche Bank (DB) said Thursday it expects revenue to rise across all four core divisions in 2025 to 32 billion euros ($34.78 billion), after booking a 4% increase to 30.1 billion euros last year.
According to the bank's annual report, variable compensation for 2024 rose to 2.5 billion euros, the highest since 2014, as the bank pointed to improved operating results and a 16% increase in pre-tax profit before one-time charges.
Profit before tax fell 7% to 5.3 billion euros in 2024 due to litigation-related charges, though pre-tax profit before those items rose 16% to 7.9 billion euros.
Total staff pay rose to 11.1 billion euros from 10.3 billion euros, while adjusted operating costs excluding exceptional items were down 1% at 20.4 billion euros.
CEO Christian Sewing earned 9.8 million euros for 2024, up from 8.7 million euros the year before, and the bank's top-paid employee received between 17 million and 18 million euros.
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