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  "documentTitle": "DB June2018 v8 cb enn ligne",
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      "text": "Net Income: € 893 million",
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      "text": "Total administrative expenses went down by € 160 million to € 12.6 billion. This development was mainly due to staff expenses which were down by € 663 million, based on lower expenses for deferred compensation and severance expenses and reduced charges for defined benefit obligations. Other administrative expenses increased by € 502 million, predominantly due to higher IT-related costs.",
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      "text": "The increase in the operating profit by € 390 million was driven by lower risk provisioning down by € 180 million a reduction in administrative expenses by € 160 million and increased revenues, up by € 52 million.",
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      "text": "Additions to the fund for general banking risks amounted to € 450 million. No change to the fund was recorded in 2012.",
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      "text": "Total cost of risk provisioning, consisting of credit related risk provisions and the net result from securities held in the liquidity reserve, went down by € 180 million to € 529 million in 2013, mainly driven by improved results from securities held in the liquidity reserve.",
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      "text": "Deutsche Bank AG recorded in 2013 a net income of € 893 million after a prior year net income of € 729 million. The increase by € 164 million was mainly attributable to net non-operating expenses before taxes, down by € 1.6 billion and higher operating profit before taxes, which was up € 390 million compared to 2012, partly compensated by an addition to the fund for general banking risks by € 450 million and a tax expense of € 850 million (2012: tax benefit of € 538 million).",
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      "text": "The balance of other operating income/expenses remained stable at € (2.3) billion. Higher net positive results relating to non-trading derivatives and lower sundry operating expenses were offset by negative returns from plan assets and higher litigation-related charges.",
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      "text": "The stable development of revenues, comprising net interest income, net commission income and net trading results, up by € 52 million to € 18.8 billion, was the net result of several nearly offsetting developments. A decrease in net interest income, down by € 1.3 billion, was mainly due to a reduction in current income, down by € 1.6 billion, whereas interest income from lending, money market transaction and bonds and notes after corresponding interest expenses went up by € 265 million. Net commission income went up by € 868 million. The net trading result before changes in the trading-related special reserve according to Section 340e (4) HGB remained stable at € 2.7 billion. This level lowered the average trading results of the last four years. Consequently, the trading-related special reserve was reduced by € 450 million, which improved the overall trading result by the same amount. A corresponding addition to the fund for general banking risks was recorded to maintain the level of reserves.",
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