Record revenues from sales and trading, origination and advisory work propelled underlying pre-tax profits at Deutsche Bank's corporate and investment bank up nearly a quarter to €5.9bn ($7.6bn) last year as the German group opened the full-year reporting season for European banks.

Profits at the division, run by Anshu Jain and Michael Cohrs, rose from €4.8bn in 2005 as an 18% rise in revenues outpaced a 16% increase in costs.