Deutsche Bank AG's fourth-quarter 2016 net loss attributable to shareholders and additional equity components reached €1.89 billion, compared to a net loss of €2.12 billion in the year-ago period, weighed down by goodwill impairment and legal bills over MBS misselling.
The loss per share for the period was €1.36, compared to a loss per share of €1.53 a year earlier. Deutsche Bank booked litigation charges of €1.6 billion, mainly relating to its settlement with the U.S. Department of Justice over its sale of MBS, and an impairment of goodwill and other intangibles of €1.0 billion, related to the sale of Abbey Life.
Total net revenues for the quarter declined year over year to €7.07 billion from €6.64 billion, which the bank attributed to the "negative news flow" surrounding its settlement with the U.S. DOJ along with its downsizing and exiting of a number of its businesses as part of its Strategy 2020.
Net interest income amounted to €3.57 billion, compared to €3.86 billion a year ago, while commissions and fee income reached €2.92 billion, compared to the year-ago €2.93 billion. Provision for credit losses rose on a yearly basis to €492 million from €380 million.
For the full year 2016, net loss attributable to shareholders and additional equity components amounted to €1.40 billion, compared to €6.79 billion in 2015. The result included restructuring and severance, litigation and impairments of €4.3 billion.
The bank's fully loaded CRR/CRD4 risk-weighted assets stood at €358 billion at the end of 2016, compared to €385 billion at Sept. 30, 2016, and €397 billion at 2015-end, primarily reflecting disposals and de-risking of its noncore operations unit and within businesses.
The bank's fully loaded CRR/CRD4 common equity Tier 1 capital ratio was 11.9% at the end of 2016, compared to 11.1% at Sept. 30, 2016, and at 2015-end. Its fully loaded CRR/CRD4 leverage ratio was 3.5% at the end of 2016, unchanged from Sept. 30, 2016, and at 2015-end.