January 28, 2016 / 10:40 AM / 3 years ago

Deutsche Bank board won't get bonuses for 2015: CEO

Deutsche Bank Chief Executive John Cryan addresses a news conference in Frankfurt, Germany, January 28, 2016. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) - Deutsche Bank’s (DBKGn.DE) management board will not get bonuses for 2015, the bank’s chief executive said on Thursday, after the lender posted a record 6.8 billion euro ($7.41 billion) net loss last year.

The supervisory board of Germany’s biggest bank has taken the decision not to award bonuses to the management board, John Cryan told a news conference.

“In the context of the overall performance of the bank last year, which the board has to own... that is a decision which I respect,” Cryan said.

Reporting by Jonathan Gould and Arno Schuetze; Editing by Maria Sheahan

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