Deutsche Bank Raises Bonuses 13% After Best Year in Decade (1)

Deutsche Bank AG raised bonuses for last year by 13% to reward employees for its most profitable year in a decade and retain talent amid intense competition.

Germany’s largest lender set aside 2.1 billion euros ($2.3 billion) for variable compensation, compared with 1.86 billion euros a year earlier, Deutsche Bank said in its annual report, published Friday. About half of that went to the investment bank, which drove much of the performance.

“The war for talent is absolutely present and we think we’re competitive,” Chief Financial Officer James von Moltke said yesterday in an interview on Bloomberg TV. “We ...