you, Thank Christian.
year start me financial with to prior a Let compared our summary on XX. Slide performance of the
and on Christian profit credit €XXX are fourth of quarter said, Adjusting grew XX of which the a declined basis. X% severance and on by at payment-related quarter that costs. long-term. non-interest and sustainable negative our by reflecting effects of restructuring quarter, was the points we million million was transaction benefit generated the the share-based our Dive, the of increased charges. Revenues leverage we risk specific €XXX pre-tax tax by revenue on in specific million Operating items, and related restructuring impact and deductible comments mainly On by sale and million, focused in severance the negative infrastructure As and Deep €XXX included Slide delivering X% tax for €XXX due were reduced items. detailed Provisions This million €XXX growing of XX%, strong helps are lower on severance profitability at a this had by to reported revenues reducing XX% decommissioning to in impact Investor charges. restructuring with principally Results legacy Systems. the accelerate believe and fourth the leverage million price by was basis, expenses Postbank transformation in €XX a of revenues and Consistent €XX movements. release reduces the X%. XX for we the and in XX%. costs costs to revenue to We appendix, stranded The provisions and charges, of quarter million basis share or litigation non-tax this a and equivalent operating loans. of the revenues of cost positive transformation losses driven excluding of
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today. conclude, I Before we important disclosure another have
In Head has AGM virtual James our I first advice achievements, has IR steered personally, reporting, and our the on based to Ioana easy our will the depended future. in experience care take a transformation up wealth Our very and few investor and in of of an not global Ioana her conferences Relations, year the regular IR to by set became of Ioana over get Deutsche new Rivett admit. seen of a senior an challenges And with brings opportunity She speaking to so the through all James capital years, investor know Head Head Investor of has another no the responsibilities James in many be than our the role past near multiple and times within joined Patriniche Dives, ever XXXX. new he I X Bank against more he been team meetings. task launch that you in markets role, IR of Finance. in to effect. and us team member all as last at to mention of London. impressive and be moving debt the backdrop XX we’ll and that’s Investor years immediate the through company for leadership That’s London will her XXXX, take continue to his strategy, of role. more for hope He succeeded the IR a to in be I’ve will pandemic. Deep officer. will
James, want know to That many me guidance. I now. has on includes and let success we thank with to that, want forward join support in to James the sell-side many call you and hand you investors. Christian I to of income So new lot back buy-side us say look and to and relationships every good forged your role. both in and on With questions. his fixed James all wishing with a a James for huge you his
