Deutsche Banks management board members were awarded bonuses this year for the first time since 2014 as the bank returned to profit, it disclosed today.
The board received €55.7m (£48.2m) for 2018, compared to €29.8m the previous year.
Chief executive Christian Sewing received €7m, up from €3.4m the previous year.
The bank reported net income of €341m for 2018, its first full-year profit since 2014 and up from a loss of €735m the previous year.
Sewing said: “With a return to profitability, reinforced controls and a strong balance sheet, we laid firm foundations for controlled growth which is now our strategic priority.”
Deutsche is currently in merger talks with fellow German bank Commerzbank to create a national banking champion with the government as a major shareholder.
The merged bank would have around €1.8 trillion in assets and a market value of €25bn – holding one fifth of Germany's retail banking markets and employing 140,000 people around the world.
The proposed merger has come under fire from unions which warn it coulRead More