Deutsche Bank has reported a rise in earnings last year with recorded net profits of €397 million in 2002, up from €167 million in 2001.
Pre-tax profits amounted to €3.5 billion last year, compared with €1.8 billion in 2001.
However, after setting aside €1.9 billion to cover bad and risky loans, underlying pre-tax profit fell by 15 per cent to €1.9 billion.