Awards for Excellence 2009: Germany

Deutsche Bank can comfortably claim to be the best bank in its domestic market. It was the only big German institution to avoid a state injection of capital in the past year. Deutsche speedily recalibrated its business model following the collapse of Bear Stearns and still generated €16.1 billion of net revenues in the 12-month period ending March 2009. Like many of its international peers, it bounced back spectacularly in Q1 from a loss-making year to post €1.8 billion of income on revenues of €7.2 billion – giving it a return on equity of 22%.