Net revenues were 7.9 billion euros ($10.7 billion) but the company took multiple writedowns, including 1.9 billion euros of goodwill charges and 1 billion euros of litigation charges.
The company said it would pay a cash dividend of 0.75 euros per share.
Over the past year, Germany's largest bank has been affected by stricter banking regulations and restructuring costs. In 2012, the bank said it would not ask its shareholders for new capital but would instead shrink its balance sheet and cut costs to meet higher capital requirements.
The bank said it would aim for 4.5 billion euros in annual savings by 2015 to survive in a less profitable investment banking world.
Shares of the bank were trading higher, up by 2.21 percent in the morning session. Credit Suisse said Deutsche Bank's Basel III capital ratios were better than expected.
Last summer, the bank said that it would cut 1,900 jobs in order to cut costs by about 3 billion euros ($3.67 billion).
Deutsche Bank is also cutting bonus payments for its investment bankers by up to 20 percent, sources said in January.
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