The co-chief executives of Deutsche Bank, Anshu Jain and Jürgen Fitschen, each earned at total of €7.5 million ($10.4 million) in 2013, one third more than in the previous year when they took over the reins at Germany's largest lender in May.

The rise in salary is partly due to it being the pair's first full year at the top of the bank but is also because Deutsche Bank more than doubled its net profit to €681 million on cost savings. The final net profit figure is more than €600 million below the preliminary figure released late January, mainly weighed down by a charge for settling a legal battle with the heirs of former media mogul Leo Kirch last month.