Net revenues were EUR7.4bn for the fourth quarter of 2010, compared to EUR5.5bn in the same corresponding quarter of 2009.
Net income for the year 2010 was EUR2.3bn, or EUR2.92 diluted earnings per share, compared to EUR5bn, or €6.94 diluted earnings per share for the year 2009.
The German bank said that the change in net income was largely attributable to the EUR2.3bn charge taken in 2010 related to the Postbank acquisition and lower specific tax benefits in 2010.
Net revenues were EUR28.6bn in 2010. Excluding the Postbank related charge, net revenues were EUR30.9bn, up 11% compared to EUR28bn in 2009.
Deutsche Bank chairman of the management board Josef Ackermann said that 2010 has been a year of investment and change for Deutsche Bank.
"In the process, while again demonstrating the earnings strength of our core businesses, we greatly improved our global market position and are eminently well placed for further growth.
"Using the momentum of these achievements we aim to pursue the ambitious earnings targets we set ourselves. Although fully aware of the remaining risks and uncertainties in the overall economic environment we are confident that we can meet those targets," Ackermann said.
