FRANKFURT, Jan. 27 (Xinhua) -- Deutsche Bank, Germany's financial services giant, on Thursday reported a more than fourfold increase in its net profit in 2021 to 2.5 billion euros (2.8 billion U.S. dollars), the highest level since 2011.
The bank's pre-tax profit also hit a ten-year high of 3.4 billion euros in 2021, more than three times the 2020 figure.
Describing the financial result as "something special," the bank's Chief Executive Officer (CEO) Christian Sewing said that "it is more than anyone would have believed we could achieve when we announced our strategy in July 2019."
On the back of the significant growth, Sewing disclosed that the bank planned to reward its shareholders through dividends and share buybacks. The bank would offer a dividend of 20 euro cents per share and the buybacks would amount to 300 million euros.
The share price of Deutsche Bank as a component of the benchmark DAX index surged by around five percent as of the filing of the report. ■