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.
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