FRANKFURT: Deutsche Bank paid its chief executive officer 8.8 million euros ($9.68 million) in 2021, a 20% increase from a year earlier, the lender said on Friday, rewarding him for the bank’s most profitable year in a decade.

Overall, the lender paid staff 14% more, or 2.1 billion euros, in bonuses for 2021.

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The disclosure in the bank’s annual report came as Deutsche Bank said that revenues would be “slightly higher” this year.