By William Wilkes

FRANKFURT--Deutsche Bank AG (DB) slashed bonuses paid to staff by 80​% last year after the German lender suffered its second consecutive full-year loss.

Bonuses for 2016 will fall to 546 million euros ($588.2 million) at constant currencies from EUR2.4 billion in 2015, the bank said in its annual report.

It made a net loss of EUR1.4 billion last year.

Total pay, including fixed pay and bonuses was down 15% at EUR8.9 billion from EUR10.5 billion in 2015.

-Write to William Wilkes at william.wilkes@wsj.com

(END) Dow Jones Newswires

March 20, 2017 04:16 ET (08:16 GMT)

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