Deutsche Bank says plans unchanged payout to shareholders

January 29, 2014 - 2:14:46 pm

FRANKFURT: Deutsche Bank, Germany's largest lender, said on Wednesday it will propose paying an unchanged dividend of 0.75 euros or $1.03 to shareholders for its 2013 business year. 

"The executive board has decided to propose to the supervisory board a dividend of 0.75 euros, which corresponds to the previous year's level," chief financial officer Stefan Krause told Deutsche Bank's annual earnings news conference.

Last year, the group chalked up net profit of 1.08 billion euros, compared with 315 million euros a year earlier. 

But it disappointed investors by booking a loss of 965 million euros for the fourth quarter alone, as a result of one-off charges. 

Deutsche Bank's two co-chief executives Juergen Fitschen and Anshu Jain cautioned that business this year would be characterised by substantial challenges such as new litigation and increased investment. (AFP)