Deutsche Bank Executives See Pay Rise Despite Profit Decline
The bank's leadership earned €68.1 million in 2024, a 17% increase from 2023, as bonuses surged amid strong investment banking performance.
- Deutsche Bank's ten-member executive board received €68.1 million in total compensation for 2024, up from €58.3 million in 2023.
- CEO Christian Sewing earned €9.75 million in 2024, a €1 million increase compared to the previous year, making him one of the highest-paid executives in Germany.
- The bank's investment banking division significantly boosted pre-tax profits by 78%, contributing to a €2.5 billion bonus pool for employees, up from €2.0 billion in 2023.
- A total of 647 Deutsche Bank employees earned over €1 million in 2024, compared to 505 in 2023, with one individual receiving between €17 million and €18 million, possibly including severance pay.
- Deutsche Bank's overall pre-tax profit fell by 7% in 2024, driven by a €1 billion settlement with former Postbank shareholders, while net profit attributable to shareholders dropped by 36%.