Deutsche Bank cuts its 2012 profit figure March 20, 2013 - 14:53 AMT PanARMENIAN.Net - Deutsche Bank has cut its 2012 profit figure because of new charges for possible costs from mortgage-related lawsuits in the U.S., according to The Associated Press. The bank said it would increase the amount set aside to pay such costs by €0.6 billion ($0.8 billion) to €2.4 billion. The charge reduced annual net profit to €291 million from €665 million. That's an even steeper plunge from €4.3 billion in 2011. The bank said the information about the lawsuits had become available after it published unaudited, preliminary figures on Jan. 31. Accounting rules require the bank to disclose new information afterward if it significantly affects the previous numbers. The bank said its dividend would remain unchanged at €0.75 per share. Partner news  Top stories IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices. Edmon Manukyan been addressed by the residents of Armavir and Aragatsotn provinces whose crops have been damaged over a strong hail.   Partner news |  Latest news Brad Pitt’s “World War Z” to open Moscow Film Fest  The fest will feature retrospectives of films by Bernardo Bertolucci and Costa Gavras, as well as a program devoted to Dutch cinema.Wrekin Hill picks up John Malkovich’s “Siberian Education” Based on the novel by Nicolai Lilin, the film is set in the ghetto of Soviet Russia and follows 2 boys who are members of a gang of exiled Siberians.Germans blame Merkel’s stance in eurozone crisis for Eurovision debacle Chancellor Angela Merkel is loathed in parts of Europe for her insisting on painful austerity measures in Greece, Spain and Italy.China’s PM visits India to settle boundary row, boost ties China says Li Keqiang choice of India for his first trip abroad shows the importance Beijing attaches to improving relations with New Delhi. |
