Bloomberg News

Deutsche Bank’s Bonus Pool Declined 11 Percent to $4.3 Billion

January 31, 2013

Deutsche Bank AG (DBK), Europe’s largest bank by assets, will pay 3.2 billion euros ($4.3 billion) in bonuses for 2012, down 11 percent from a year earlier, Chief of Compliance Stephan Leithner said.

Deutsche Bank’s investment bank employed 9,094 full-time front-office employees at the end of 2012, according to company filings published today. Total compensation and benefits in the unit increased to 1.3 billion euros in the fourth quarter of 2012 from 1 billion euros a year earlier.

“The rise in compensation is due to past deferred payments”, Leithner said at at a press conference in Frankfurt today after Deutsche Bank reported a loss of 2.17 billion euros in the fourth quarter, the biggest in four years.

To contact the reporters on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net; Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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