German bank’s net profits fell 36% last year to €2.7 billion, while revenues grew 4% compared to 2023.

Deutsche Bank, one of Germany’s top banks, posted net profits attributable to shareholders of €2.7 billion in 2024, new figures from the bank said Thursday.

Net profits dropped 36% last year compared to 2023, to €2.7 billion, falling short of expectations of €2.97 billion.

On the other hand, revenues grew 4% last year compared to 2023 to €30.1 billion.

Legal disputes, such as the dispute over the takeover of its subsidiary Postbank, cost the bank about €1.7 billion.

Revenues from the bank’s investment banking unit rose 15% last year to €10.6 billion.

Deutsche Bank’s revenues in the last quarter of 2024 were €7.2 billion, up 8% compared to the same period in 2023. Net profits fell from €1.4 billion in the fourth quarter of 2023 to €337 million.