FRANKFURT — Deutsche Bank reported a whopping loss for the last three months of 2019 and for the full year as it cut staff and wrote down the value of assets, affirming its status as one of Europe’s most troubled big lenders.

The bank said it lost 1.5 billion euros, or $1.6 billion, in the last three months of 2019, bringing the total loss for the year to €5.3 billion. In 2018, the bank effectively broke even for the year and in the fourth quarter.

The Frankfurt-based bank, once Europe’s largest by assets, is in the midst of a desperate attempt to recover from years of scandal and mismanagement that have caused its share price to plummet more than 90 percent since 2007.

Deutsche Bank is also emblematic of the state of European banks, many of which are still struggling with the consequences of a financial crisis more than a decade ago. Most banks in Europe don’t earn enough profit to cover what it costs them to raise money, the European Central Bank said this week in an assessment of the eurozone’s most important lenders.