Deutsche Bank achieved the best full-year financial results in its history and has revealed final details of a group reorganisation it claims will help whittle down its persistently high cost base.

On Thursday, the bank announced that that it had more than doubled net income during 2000 to €4.95bn ($4.635bn) from €2.45bn in 1999. The biggest contribution came from its corporate and investment banking division. Deutsche's corporate finance and capital markets businesses generated record revenues of €18.6bn in 2000 and made €3.975bn after tax.