Deutsche Bank Forecasts Net Loss Of EUR 2.1 Bln For Q4

(RTTNews) - Deutsche Bank (DB) announced that it expects to report full year 2015 revenues of EUR 33.5 billion, loss before income taxes of approximately EUR 6.1 billion and a net loss of approximately EUR 6.7 billion.

The company anticipates its full year results include previously disclosed impairments taken in the third quarter of EUR 5.8 billion of goodwill and intangibles, full year litigation provisions of approximately EUR 5.2 billion and restructuring and severance charges of approximately EUR 1.0 billion.

Deutsche Bank noted that challenging market conditions in the quarter contributed to a year-over-year decline in fourth quarter revenues, principally in Corporate Banking & Securities.

As a result of these revenue developments and specific charges for the fourth quarter, Deutsche Bank expects to report quarterly revenues of EUR 6.6 billion, a loss before income taxes of approximately EUR 2.7 billion and a net loss of approximately EUR 2.1 billion.