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Annual Press Conference 2011

 

Speech Dr. Josef Ackermann

Dr. Josef Ackermann presents preliminary results for the fourth quarter and full year 2010.

Speech
Presentation


Press Release

  • Income before income taxes was EUR 4.0 billion in 2010. Income before income taxes, excluding the Postbank and other acquisition-related charges, was EUR 6.5 billion compared to EUR 5.2 billion in 2009
  • Income before income taxes in the fourth quarter was EUR 707 million compared to EUR 756 million in the fourth quarter 2009
  • Record fourth quarter revenues of EUR 7.4 billion
  • Fourth quarter noninterest expenses of EUR 6.3 billion reflect first time consolidation of Postbank, other acquisition-related cost and the decision to accelerate strategic investments to realign the bank 
  • Successfully completed EUR 10.2 billion capital increase. Tier 1 ratio was 12.3% and core Tier 1 ratio was 8.7%
  • Cash dividend recommendation of EUR 0.75 per share
  • 2011 profit target of EUR 10 billion for business divisions reaffirmed
Annual Press Conference Release



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Last Update: February 4, 2011
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