Frankfurt: Deutsche Bank, one of Germany’s top banks, posted net profits attributable to shareholders of £2.7 billion ($2.91 billion) in 2024, new figures from the bank said Thursday. Net profits dropped 36% compared to 2023, to £2.7 billion, falling short of expectations of £2.97 billion.

According to Anadolu Agency, revenues grew 4% last year compared to 2023, reaching £30.1 billion. However, legal disputes, including the one over the takeover of its subsidiary Postbank, cost the bank about £1.7 billion. Revenues from Deutsche Bank’s investment banking unit rose 15% last year to £10.6 billion.

In the last quarter of 2024, Deutsche Bank’s revenues were £7.2 billion, marking an 8% increase compared to the same period in 2023. Despite this, net profits fell from £1.4 billion in the fourth quarter of 2023 to £337 million.