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The head of the administration, Karl von Rohr, said Friday that an internal investigation at Deutsche had revealed no wrongdoing in the processing of Danske Bank transfers. Deutsche Bank broke off relations with the German bank in 2015.
He also said that the German banking regulators had closed an investigation into the Panama Papers documents; prosecutors, however, continue to investigate.
Mr von Rohr said that 19 of the 20 major disputes for Deutsche had been settled and that the reserved disputes had been reduced to 1.2 billion euros by the end of last year, compared with 7.6 billion by the end of 2016.
After three years of losses, Deutsche Bank made a profit in 2018 by meeting its cost reduction targets, he said.
The company posted a net profit of 267 million euros, up from a loss of 751 million euros in 2017 and 8.2 billion euros combined over the two years combined. The result was nevertheless lower than the profit estimated by badysts at 505 million euros.
Last year, the last quarter was marked by a loss of 425 million euros, resulting in losses for the "difficult financial markets" and "negative" titles of the media.
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