Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
1
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
||
Ordinary shares, no par value
|
DB
|
The New York Stock Exchange
|
||
Fixed to Fixed Reset Rate Subordinated Tier 2 Notes Due 2028
|
DB /28
|
The New York Stock Exchange
|
||
4.50 % Fixed Rate Subordinated Tier 2 Notes Due 2025
|
DB 25
|
The New York Stock Exchange
|
||
DB Gold Double Long Exchange Traded Notes due February 15, 2038
|
DGP
|
NYSE Arca, Inc.
|
||
DB Gold Double Short Exchange Traded Notes due February 15, 2038
|
DZZ
|
NYSE Arca, Inc.
|
||
DB Gold Short Exchange Traded Notes due February 15, 2038
|
DGZ
|
NYSE Arca, Inc.
|
|
2
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
3
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
4
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Non-GAAP Financial Measure
|
Most Directly Comparable IFRS Financial Measure
|
Adjusted profit (loss) before tax, Adjusted profit (loss) before tax ex BGH ruling on pricing agreements
|
Profit (loss) before tax
|
Profit (loss) attributable to Deutsche Bank shareholders for the segments, Profit (loss) attributable to Deutsche Bank shareholders after AT1 coupon for the segments, Adjusted profit (loss) attributable to Deutsche Bank shareholders, Adjusted profit (loss) ex BGH ruling on pricing agreements, Adjusted Profit (loss) attributable to Deutsche Bank shareholders ex BGH ruling on pricing agreements
|
Profit (loss)
|
Revenues excluding specific items, Revenues on a currency-adjusted basis, Revenues adjusted for forgone revenues due to BGH ruling
|
Net revenues
|
Adjusted costs, Adjusted costs excluding transformation charges, Adjusted costs excluding transformation charges and bank levies, Adjusted costs excluding transformation charges and expenses eligible for reimbursement related to Prime Finance
|
Noninterest expenses
|
Net assets (adjusted)
|
Total assets
|
Tangible shareholders’ equity, Average tangible shareholders’ equity, Tangible book value, Average tangible book value
|
Total shareholders’ equity (book value)
|
Post-tax return on average shareholders’ equity (based on Profit (loss) attributable to Deutsche Bank shareholders after AT 1 coupon), Post-tax return on average tangible shareholders’ equity, Adjusted post-tax return on average tangible shareholders’ equity, Adjusted post-tax return on average tangible shareholders’ equity ex-BGH ruling
|
Post-tax return on total shareholders’ equity
|
Tangible book value per basic share outstanding, Book value per basic share outstanding
|
Book value per share outstanding
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Payout ratio2,3
|
||||||||
Dividendsper share1
|
Dividendsper share
|
Basic earningsper share
|
Diluted earningsper share
|
|||||
2022 (proposed)
|
$ 0.32
|
€ 0.30
|
13%
|
13%
|
||||
2021
|
$ 0.23
|
€ 0.20
|
20%
|
21%
|
||||
2020
|
$ 0.00
|
€ 0.00
|
N/M
|
N/M
|
||||
2019
|
$ 0.00
|
€ 0.00
|
N/M
|
N/M
|
||||
2018
|
$ 0.13
|
€ 0.11
|
N/M
|
N/M
|
||||
|
10
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
in € m.
|
||
Debt:1,2
|
||
Long-term debt
|
131,525
|
|
Trust preferred securities
|
500
|
|
Long-term debt at fair value through profit or loss
|
5,250
|
|
Total debt
|
137,275
|
|
Shareholders’ equity:
|
||
Common shares (no par value)
|
5,291
|
|
Additional paid-in capital
|
40,513
|
|
Retained earnings
|
17,769
|
|
Common shares in treasury, at cost
|
(331)
|
|
Accumulated other comprehensive income, net of tax
|
||
Unrealized net gains (losses) on financial assets at fair value through other comprehensive income, net of tax and other
|
(1,143)
|
|
Unrealized net gains (losses) on derivatives hedging variability of cash flows, net of tax
|
(570)
|
|
Unrealized net gains (losses) on assets classified as held for sale, net of tax
|
0
|
|
Unrealized net gains (losses) attributable to change in own credit risk of financial liabilities designated at fair value through profit and loss, net of tax
|
62
|
|
Foreign currency translation, net of tax
|
172
|
|
Unrealized net gains (losses) from equity method investments
|
10
|
|
Total shareholders’ equity
|
61,772
|
|
Equity component of financial instruments
|
8,578
|
|
Noncontrolling interests
|
1,791
|
|
Total equity
|
72,141
|
|
Total capitalization
|
209,415
|
|
|
11
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
12
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
13
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
14
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
15
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
16
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
17
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
18
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
19
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
20
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
21
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
22
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
23
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
24
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
25
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
26
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
27
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
28
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
29
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
30
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
31
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
32
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
33
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
34
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
35
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
36
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
37
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
38
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
39
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
40
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
41
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
42
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
43
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
44
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
45
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
46
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
47
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
48
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
49
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
50
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
51
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
52
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
53
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
54
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
55
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
56
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
57
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
58
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
59
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
60
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
61
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
62
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
63
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
64
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
65
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
66
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
67
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
68
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
69
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
70
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
71
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
72
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
73
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
74
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
75
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
76
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
77
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
78
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
79
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
80
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
81
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
82
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
83
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
84
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
85
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
86
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
87
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
88
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
89
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Subsidiary
|
Place of Incorporation
|
|
DB USA Corporation1
|
Delaware, United States
|
|
Deutsche Bank Americas Holding Corporation2
|
Delaware, United States
|
|
DB U.S. Financial Markets Holding Corporation3
|
Delaware, United States
|
|
Deutsche Bank Securities Inc.4
|
Delaware, United States
|
|
Deutsche Bank Trust Corporation5
|
New York, United States
|
|
Deutsche Bank Trust Company Americas6
|
New York, United States
|
|
Deutsche Bank Luxembourg S.A.7
|
Luxembourg
|
|
DB Beteiligungs-Holding GmbH8
|
Frankfurt am Main, Germany
|
|
DWS Group GmbH & Co. KGaA9
|
Frankfurt am Main, Germany
|
|
|
90
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
91
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
92
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
93
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
94
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
95
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
96
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
97
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
98
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
99
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
100
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Disclosure date
|
% of outstanding shares held at disclosure date
|
|||
Amundi S.A.
|
February 1, 2023
|
2.97
|
||
October 19, 2022
|
3.07
|
|||
October 3, 2022
|
2.90
|
|||
September 27, 2022
|
3.10
|
|||
July 28, 2022
|
2.78
|
|||
June 22, 2022
|
3.08
|
|||
June 21, 2022
|
2.89
|
|||
June 20, 2022
|
3.07
|
|||
May 5, 2022
|
2.69
|
|||
April 27, 2022
|
3.08
|
|||
BlackRock, Inc.
|
December 31, 2020
|
5.23
|
||
December 16, 2020
|
4.98
|
|||
December 5, 2020
|
5.03
|
|||
December 3, 2020
|
4.99
|
|||
December 2, 2020
|
5.03
|
|||
The Capital Group Companies, Inc.
|
April 13, 2022
|
0.01
|
||
November 23, 2020
|
5.20
|
|||
March 31, 2020
|
3.74
|
|||
March 23, 2020
|
2.77
|
|||
January 31, 2020
|
3.10
|
|||
Douglas L. Braunstein (Hudson Executive Capital LP)
|
November 20, 2020
|
3.18
|
||
Paramount Service Holding Ltd. S.ÀR.L.1
|
January 25, 2023
|
4.54
|
||
Stephen A. Feinberg (Cerberus)2
|
January 10, 2022
|
1.99
|
||
|
101
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
102
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
103
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
104
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
105
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
106
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
107
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
108
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
109
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
110
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
111
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
112
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
113
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
114
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
115
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
116
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
117
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
118
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
119
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
120
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
121
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
122
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
123
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
124
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Month
|
Total number ofshares purchased
|
Total number ofshares sold
|
Net number ofshares purchasedor (sold)
|
Average price paidper share (in €)
|
Number ofshares purchasedfor group purposes
|
Maximum number ofshares that may yetbe purchased underplans or programs
|
||||||
January
|
2,000,000
|
(10,699)
|
2,010,699
|
11.91
|
12,000,000
|
194,677,313
|
||||||
February
|
27,300,000
|
3,149,851
|
24,150,149
|
13.58
|
17,300,000
|
177,377,313
|
||||||
March
|
13,346,087
|
18,527,506
|
(5,181,419)
|
11.24
|
0
|
177,377,313
|
||||||
April
|
13,184,085
|
140
|
13,183,945
|
11.38
|
0
|
177,377,313
|
||||||
May
|
0
|
171,754
|
(171,754)
|
0.00
|
0
|
206,677,313
|
||||||
June
|
0
|
884,058
|
(884,058)
|
0.00
|
0
|
206,677,313
|
||||||
July
|
0
|
180
|
(180)
|
0.00
|
0
|
206,677,313
|
||||||
August
|
0
|
937,578
|
(937,578)
|
0.00
|
0
|
206,677,313
|
||||||
September
|
0
|
3,233,249
|
(3,233,249)
|
0.00
|
0
|
206,677,313
|
||||||
October
|
0
|
(1,602)
|
1,602
|
0.00
|
0
|
206,677,313
|
||||||
November
|
0
|
103,986
|
(103,986)
|
0.00
|
0
|
206,677,313
|
||||||
December
|
0
|
581,501
|
(581,501)
|
0.00
|
0
|
206,677,313
|
||||||
Total 2022
|
55,830,172
|
27,577,502
|
28,252,670
|
12.44
|
29,300,000
|
206,677,313
|
||||||
|
125
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
126
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
127
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
128
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
129
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Exhibit number
|
Description of Exhibit
|
|
1.1
|
||
2.1
|
The total amount of long-term debt securities of us or our subsidiaries authorized under any instrument does not exceed 10 percent of the total assets of our Group on a consolidated basis. We hereby agree to furnish to the Commission, upon its request, a copy of any instrument defining the rights of holders of long-term debt of us or of our subsidiaries for which consolidated or unconsolidated financial statements are required to be filed.
|
|
2.2
|
||
4.1
|
||
4.2
|
||
4.3
|
||
4.4
|
||
4.5
|
||
4.6
|
||
4.7
|
||
4.8
|
||
4.9
|
||
4.10
|
||
8.1
|
||
12.1
|
||
12.2
|
||
13.1
|
||
13.2
|
||
15.1
|
||
101.1
|
Interactive Data File.
|
|
|
130
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
/s/
|
CHRISTIAN SEWING
|
/s/
|
JAMES VON MOLTKE
|
|
131
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
132
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
133
|
Deutsche Bank
|
||
Annual Report 2022
|
||
1 –
|
||
Management Report
|
||
Operating and Financial Review
|
||
Outlook
|
||
Risks and Opportunities
|
||
Risk Report
|
||
Sustainability
|
||
Employees
|
||
Internal control over financial reporting
|
||
Information pursuant to Section 315a (1) of the German Commercial Code
|
||
Corporate Governance Statement acc to Sec 289f, 315d of the German Commercial Code
|
||
Standalone parent company information (HGB)
|
||
Report on equal treatment and equal pay
|
||
2 –
|
||
Consolidated Financial Statements
|
||
Consolidated Statement of Income
|
||
Consolidated Statement of Comprehensive Income
|
||
Consolidated Balance Sheet
|
||
Consolidated Statement of Changes in Equity
|
||
Consolidated Statement of Cash Flows
|
||
Notes to the consolidated financial statements
|
||
Notes to the consolidated income statement
|
||
Notes to the consolidated balance sheet
|
||
Additional Notes
|
||
Report of Independent Registered Public Accounting Firm
|
||
3 –
|
||
Compensation Report
|
||
Compensation of the Management Board
|
||
Compensation of members of the Supervisory Board
|
||
Comparative presentation of compensation and earnings trends
|
||
Compensation of the employees (unaudited)
|
||
4 –
|
||
Corporate Governance Statement/ Corporate Governance Report
|
||
Management Board and Supervisory Board
|
||
Reporting and Transparency
|
||
Related Party Transactions
|
|
134
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
136
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Operating and Financial Review
|
|||
Executive summary
|
|||
Deutsche Bank Group
|
|||
Results of Operations
|
|||
Financial Position
|
|||
Liquidity and Capital Resources
|
|||
Outlook
|
|||
Risks and Opportunities
|
|||
Risk Report
|
|||
Risk and capital overview
|
|||
Risk and capital framework
|
|||
Risk and Capital Management
|
|||
Risk and capital performance
|
|||
Sustainability
|
|||
Employees
|
|||
Internal control over financial reporting
|
|||
Information pursuant to Section 315a (1) of the German Commercial Code
|
|||
Corporate Governance Statement acc to Sec 289f, 315d of the German Commercial Code
|
|||
Standalone parent company information (HGB)
|
|||
Report on equal treatment and equal pay
|
|
137
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Economic growth (in %)¹
|
2022²
|
2021³
|
Main driver
|
|||
Global Economy
|
3.3
|
6.2
|
The global economy proved robust in the second half of 2022. Industrial production and trade expanded, albeit with a loss of momentum towards the end of the year. The economic impact of the war in Ukraine remained a headwind, while the improvement in the pandemic situation provided support. Consumer prices rose strongly, in some regions to historic levels. However, the peak may have passed by the end 2022.
|
|||
Of which:Industrialized countries
|
2.7
|
5.3
|
The industrialized countries were resilient, but with slowing momentum toward the end of the year. Although the sharp rise in consumer prices dampened private consumption, easing supply bottlenecks and falling freight costs supported GDP growth. In Europe in particular, the spillovers from the war in Ukraine contributed to price pressure. To counter inflation, the central banks tightened their monetary policy significantly.
|
|||
Emerging markets
|
3.7
|
6.9
|
Emerging market economies expanded robustly in the second half of 2022, particularly in Asia but also in Latin America. Falling energy prices were a tailwind, as was the robust demand from industrialized countries. Central banks continued to tighten monetary policy
|
|||
Eurozone Economy
|
3.5
|
5.3
|
Eurozone economies made a robust start to the second half of 2022, but momentum slowed towards the end of the year. Energy prices pushed the inflation rate to a record high in the fourth quarter. The loss of purchasing power slowed private consumption and high energy costs dampened industrial production. Expansionary fiscal policy provided support. The ECB raised key interest rates to break the inflation momentum.
|
|||
Of which: German economy
|
1.8
|
2.6
|
The German economy adapted to geopolitically driven shifts in the supply of fossil fuels. Gas rationing did not occur, and storage levels developed favorably. Consumer price inflation rose sharply and marked an all-time high during the second half of 2022. However, fiscal measures prevented a more severe slump in growth, although momentum slowed toward the end of 2022. The labor market was a factor of stability.
|
|||
U.S. Economy
|
2.1
|
5.9
|
The US economy expanded robustly in the second half of the year. The labor market remained very tight and, along with energy prices, contributed to a sharp rise in inflation. The US Fed repeatedly raised the key interest rate considerably to break the inflation momentum. GDP growth has slowed by the end of 2022, due to of headwinds from prices, waning fiscal support, and tighter monetary and financial conditions
|
|||
Japanese Economy
|
1.1
|
2.2
|
After the government eased the strict pandemic measures, domestic demand gained momentum. With the easing of entry regulations, tourism also picked up again. The Bank of Japan supported the recovery with its expansionary monetary policy. Inflation picked up, but nowhere near as strongly as in other industrialized countries.
|
|||
Asian Economy4
|
4.2
|
7.3
|
The Asian economies continued to expand, benefiting in particular from the recovery of the Chinese economy. The quite favorable development of overseas trading partners also had a positive impact. Consumer prices rose sharply but are expected to have peaked at the end of 2022. Central banks continued to tighten monetary policy
|
|||
Of which: Chinese Economy
|
3.0
|
8.4
|
The Chinese economy recovered slowly in the course of the second half of 2022. The significant easing of COVID-related restrictions provided positive momentum at the end of the year. However, the property market still was an additional headwind. Fiscal as well as monetary policy measures supported GDP growth.
|
|||
|
138
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||
Growth year-over-year (in %)
|
CorporateLending
|
RetailLending
|
CorporateDeposits
|
RetailDeposits
|
Main driver
|
|||||
Eurozone
|
5.5
|
4.0
|
4.6
|
3.3
|
Corporate loan growth accelerated strongly in 2022, before moderating towards yearend. Household lending peaked in summer, before the surge in interest rates pulled down the main driver, mortgage growth. The expansion of customer deposits both corporate and retail, slowed over the course of the year.
|
|||||
Of which: Germany
|
10.4
|
4.4
|
8.4
|
2.5
|
Corporate loan volumes grew at the highest rate on record in 2022, driven by working capital needs due to surging inflation and demand for liquidity as a result of the war in Ukraine and surging energy prices. Retail lending moderately slowed as the jump in interest rates put the brakes on mortgage financing. Deposit growth remained elevated with companies, but for households it fell to the lowest level on record during 2022.
|
|||||
U.S.
|
13.3
|
9.7
|
(1.0)1
|
(1.0)1
|
Private-sector lending picked up strongly in 2022, across the board. Outstanding corporate loans have broadly doubled over the past decade. Following two years of mostly double-digit growth throughout the pandemic, the expansion in total deposits came to a halt in 2022, with outstanding deposits essentially stagnating, but having almost doubled since 2012.
|
|||||
China
|
13.1
|
5.4
|
6.7
|
17.3
|
Retail lending slowed massively in 2022, to the lowest pace on record, while lending to companies ticked up again. The deposit business with househalds gained significant momentum, while it remained largely stable with corporates.
|
|||||
|
139
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Targets 2022
|
Status end of 2022
|
Status end of 2021
|
||||
Group Post-tax return on average tangible shareholders’ equity¹
|
8.0%
|
9.1%
|
4.0%
|
|||
Core Bank Post-tax return on average tangible shareholders’ equity2
|
above 9.0%
|
11.1%
|
6.6%
|
|||
Common Equity Tier 1 capital ratio4
|
above 12.5%
|
13.4%
|
13.2%
|
|||
Leverage ratio3,4,5
|
~ 4.5%
|
4.6%
|
4.9%
|
|||
|
140
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
||||
Net revenues:
|
|||||||
Corporate Bank (CB)
|
6,335
|
5,151
|
5,146
|
||||
Investment Bank (IB)
|
10,016
|
9,631
|
9,286
|
||||
Private Bank (PB)
|
9,155
|
8,234
|
8,126
|
||||
Asset Management (AM)
|
2,608
|
2,708
|
2,229
|
||||
Corporate & Other (C&O)
|
(1,024)
|
(212)
|
(552)
|
||||
Total net revenues
|
27,090
|
25,512
|
24,236
|
||||
Provision for credit losses
|
1,243
|
557
|
1,763
|
||||
Noninterest expenses:
|
|||||||
Compensation and benefits
|
10,652
|
10,290
|
10,303
|
||||
General and administrative expenses
|
8,864
|
9,515
|
8,485
|
||||
Impairment of goodwill and other intangible assets
|
68
|
5
|
0
|
||||
Restructuring activities
|
(116)
|
263
|
480
|
||||
Total noninterest expenses
|
19,468
|
20,073
|
19,269
|
||||
Noncontrolling interests
|
0
|
0
|
0
|
||||
Profit (loss) before tax
|
6,379
|
4,882
|
3,203
|
||||
Total assets (in € bn)
|
1,282
|
1,193
|
1,127
|
||||
Loans (gross of allowance for loan losses, in € bn)
|
494
|
475
|
429
|
||||
Employees (full-time equivalent)
|
84,736
|
82,702
|
84,187
|
||||
|
141
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
142
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
143
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
144
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
145
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
146
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
147
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
||||||||||||
(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net interest income
|
13,983
|
11,117
|
11,548
|
2,866
|
26
|
(431)
|
(4)
|
|||||||
Provision for credit losses
|
1,226
|
515
|
1,792
|
710
|
138
|
(1,276)
|
(71)
|
|||||||
Net interest income after provision for credit losses
|
12,757
|
10,602
|
9,756
|
2,155
|
20
|
846
|
9
|
|||||||
Commissions and fee income¹
|
9,838
|
10,934
|
9,424
|
(1,096)
|
(10)
|
1,510
|
16
|
|||||||
Net gains (losses) on financial assets/liabilities at fair value through profit or loss¹
|
2,962
|
3,139
|
2,332
|
(177)
|
(6)
|
807
|
35
|
|||||||
Net gains (losses) on financial assets at fair value through other comprehensive income
|
(216)
|
237
|
323
|
(453)
|
N/M
|
(86)
|
(27)
|
|||||||
Net gains (losses) on financial assets at amortized cost
|
(2)
|
1
|
311
|
(3)
|
N/M
|
(311)
|
(100)
|
|||||||
Net income (loss) from equity method investments
|
152
|
98
|
120
|
54
|
56
|
(23)
|
(19)
|
|||||||
Other income (loss)
|
346
|
13
|
(48)
|
333
|
N/M
|
62
|
N/M
|
|||||||
Total noninterest income
|
13,080
|
14,421
|
12,463
|
(1,341)
|
(9)
|
1,958
|
16
|
|||||||
Total net revenues²
|
25,837
|
25,023
|
22,219
|
814
|
3
|
2,804
|
13
|
|||||||
Compensation and benefits
|
10,712
|
10,418
|
10,471
|
294
|
3
|
(53)
|
(1)
|
|||||||
General and administrative expenses
|
9,728
|
10,821
|
10,259
|
(1,093)
|
(10)
|
561
|
5
|
|||||||
Impairment of goodwill and other intangible assets
|
68
|
5
|
0
|
64
|
N/M
|
4
|
N/M
|
|||||||
Restructuring activities
|
(118)
|
261
|
485
|
(379)
|
N/M
|
(224)
|
(46)
|
|||||||
Total noninterest expenses
|
20,390
|
21,505
|
21,216
|
(1,115)
|
(5)
|
289
|
1
|
|||||||
Profit (loss) before tax
|
5,447
|
3,518
|
1,003
|
1,929
|
55
|
2,515
|
N/M
|
|||||||
Income tax expense (benefit)
|
(107)
|
923
|
391
|
(1,030)
|
N/M
|
532
|
136
|
|||||||
Profit (loss)
|
5,554
|
2,595
|
612
|
2,959
|
114
|
1,983
|
N/M
|
|||||||
Profit (loss) attributable to noncontrolling interests
|
134
|
144
|
129
|
(10)
|
(7)
|
15
|
12
|
|||||||
Profit (loss) attributable to Deutsche Bank shareholders and additional equity components
|
5,420
|
2,451
|
483
|
2,969
|
121
|
1,968
|
N/M
|
|||||||
Profit (loss) attributable to additional equity components
|
500
|
426
|
382
|
74
|
17
|
44
|
12
|
|||||||
Profit (loss) attributable to Deutsche Bank shareholders
|
4,919
|
2,025
|
101
|
2,895
|
143
|
1,923
|
N/M
|
|||||||
|
148
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
||||||||||||
(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Total interest and similar income
|
24,449
|
16,773
|
17,954
|
7,677
|
46
|
(1,181)
|
(7)
|
|||||||
Total interest expenses
|
10,466
|
5,655
|
6,405
|
4,811
|
85
|
(750)
|
(12)
|
|||||||
Net interest income
|
13,983
|
11,117
|
11,548
|
2,866
|
26
|
(431)
|
(4)
|
|||||||
Average interest-earning assets1
|
987,124
|
938,269
|
920,259
|
48,855
|
5
|
18,011
|
2
|
|||||||
Average interest-bearing liabilities1
|
727,265
|
690,742
|
685,772
|
36,523
|
5
|
4,970
|
1
|
|||||||
Gross interest yield2
|
2.33 %
|
1.57 %
|
1.83 %
|
0.76 ppt
|
48
|
(0.26) ppt
|
(14)
|
|||||||
Gross interest rate paid3
|
1.24 %
|
0.53 %
|
0.78 %
|
0.72 ppt
|
135
|
(0.25) ppt
|
(32)
|
|||||||
Net interest spread4
|
1.09 %
|
1.05 %
|
1.06 %
|
0.04 ppt
|
4
|
(0.01) ppt
|
(1)
|
|||||||
Net interest margin5
|
1.42 %
|
1.18 %
|
1.25 %
|
0.23 ppt
|
20
|
(0.07) ppt
|
(6)
|
|||||||
|
149
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
||||||||||||
(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Trading income
|
2,745
|
1,954
|
2,097
|
791
|
41
|
(143)
|
(7)
|
|||||||
Net gains (losses) on non-tradingfinancial assets mandatory at fair valuethrough profit or loss
|
(61)
|
1,106
|
276
|
(1,167)
|
N/M
|
831
|
N/M
|
|||||||
Net gains (losses) on financialassets/liabilities designated at fair valuethrough profit or loss
|
277
|
79
|
(40)
|
198
|
N/M
|
119
|
N/M
|
|||||||
Total net gains (losses) on financialassets/liabilities at fair value throughprofit or loss
|
2,962
|
3,139
|
2,332
|
(177)
|
(6)
|
807
|
35
|
|||||||
|
150
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
||||||||||||
(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net interest income
|
13,983
|
11,117
|
11,548
|
2,866
|
26
|
(431)
|
(4)
|
|||||||
Total net gains (losses) on financial assets/liabilitiesat fair value through profit or loss
|
2,962
|
3,139
|
2,332
|
(177)
|
(6)
|
807
|
35
|
|||||||
Total net interest income and net gains (losses) onfinancial assets/liabilities at fair value through profit or loss
|
16,945
|
14,256
|
13,880
|
2,689
|
19
|
376
|
3
|
|||||||
Breakdown by Corporate Division:1
|
||||||||||||||
Corporate Bank
|
3,720
|
2,666
|
2,939
|
1,055
|
40
|
(273)
|
(9)
|
|||||||
Investment Bank
|
8,265
|
6,891
|
7,193
|
1,374
|
20
|
(302)
|
(4)
|
|||||||
Private Bank
|
6,612
|
4,847
|
4,648
|
1,765
|
36
|
198
|
4
|
|||||||
Asset Management
|
(250)
|
246
|
(98)
|
(496)
|
N/M
|
345
|
N/M
|
|||||||
Capital Release Unit
|
(61)
|
(18)
|
(33)
|
(43)
|
N/M
|
15
|
(45)
|
|||||||
Corporate & Other
|
(1,342)
|
(375)
|
(768)
|
(966)
|
N/M
|
393
|
(51)
|
|||||||
Total net interest income and net gains (losses) onfinancial assets/liabilities at fair value through profit or loss
|
16,945
|
14,256
|
13,880
|
2,689
|
19
|
376
|
3
|
|||||||
|
151
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
152
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
||||||||||||
(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Commissions and fee income1
|
9,838
|
10,934
|
9,424
|
(1,096)
|
(10)
|
1,510
|
16
|
|||||||
Net gains (losses) on financial assets at fair valuethrough other comprehensive income
|
(216)
|
237
|
323
|
(453)
|
N/M
|
(86)
|
(27)
|
|||||||
Net gains (losses) on financial assets at amortizedcost
|
(2)
|
1
|
311
|
(3)
|
N/M
|
(311)
|
(100)
|
|||||||
Net income (loss) from equity method investments
|
152
|
98
|
120
|
54
|
56
|
(23)
|
(19)
|
|||||||
Other income (loss)
|
346
|
13
|
(48)
|
333
|
N/M
|
62
|
N/M
|
|||||||
Total remaining noninterest income
|
10,118
|
11,282
|
10,130
|
(1,164)
|
(10)
|
1,151
|
11
|
|||||||
1 includes:
|
||||||||||||||
Commissions and fees from fiduciary activities:
|
||||||||||||||
Commissions for administration
|
300
|
357
|
347
|
(57)
|
(16)
|
10
|
3
|
|||||||
Commissions for assets under management
|
3,792
|
3,734
|
3,208
|
58
|
2
|
526
|
16
|
|||||||
Commissions for other securities business
|
490
|
398
|
341
|
91
|
23
|
57
|
17
|
|||||||
Total
|
4,582
|
4,489
|
3,896
|
92
|
2
|
594
|
15
|
|||||||
Commissions, broker’s fees, mark-ups on securitiesunderwriting and other securities activities:
|
||||||||||||||
Underwriting and advisory fees
|
1,283
|
2,162
|
1,625
|
(879)
|
(41)
|
537
|
33
|
|||||||
Brokerage fees
|
540
|
752
|
637
|
(212)
|
(28)
|
115
|
18
|
|||||||
Total
|
1,824
|
2,914
|
2,262
|
(1,091)
|
(37)
|
652
|
29
|
|||||||
Fees for other customer services
|
3,432
|
3,530
|
3,266
|
(97)
|
(3)
|
264
|
8
|
|||||||
Total commissions and fee income
|
9,838
|
10,934
|
9,424
|
(1,096)
|
(10)
|
1,510
|
16
|
|||||||
|
153
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
154
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
||||||||||||
(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Compensation and benefits
|
10,712
|
10,418
|
10,471
|
294
|
3
|
(53)
|
(1)
|
|||||||
General and administrative expenses¹
|
9,728
|
10,821
|
10,259
|
(1,093)
|
(10)
|
561
|
5
|
|||||||
Impairment of goodwill and other intangibleassets
|
68
|
5
|
0
|
64
|
N/M
|
4
|
N/M
|
|||||||
Restructuring activities
|
(118)
|
261
|
485
|
(379)
|
N/M
|
(224)
|
(46)
|
|||||||
Total noninterest expenses
|
20,390
|
21,505
|
21,216
|
(1,115)
|
(5)
|
289
|
1
|
|||||||
N/M – Not meaningful
|
||||||||||||||
1 includes:
|
||||||||||||||
Information Technology
|
3,680
|
4,321
|
3,862
|
(641)
|
(15)
|
459
|
12
|
|||||||
Occupancy, furniture and equipmentexpenses
|
1,429
|
1,727
|
1,724
|
(298)
|
(17)
|
3
|
0
|
|||||||
Regulatory, tax & insurance2
|
1,285
|
1,395
|
1,407
|
(110)
|
(8)
|
(12)
|
(1)
|
|||||||
Professional services3
|
858
|
924
|
977
|
(66)
|
(7)
|
(53)
|
(5)
|
|||||||
Banking Services and outsourced operations3
|
881
|
946
|
967
|
(64)
|
(7)
|
(21)
|
(2)
|
|||||||
Market Data and Research services
|
378
|
347
|
376
|
31
|
9
|
(28)
|
(8)
|
|||||||
Travel expenses
|
110
|
46
|
76
|
64
|
140
|
(31)
|
(40)
|
|||||||
Marketing expenses
|
165
|
178
|
174
|
(13)
|
(7)
|
3
|
2
|
|||||||
Other expenses4
|
943
|
938
|
697
|
5
|
0
|
241
|
35
|
|||||||
Total general and administrative expenses
|
9,728
|
10,821
|
10,259
|
(1,093)
|
(10)
|
561
|
5
|
|||||||
|
155
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
156
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
Asset Management
|
CapitalRelease Unit
|
Corporate &Other
|
TotalConsolidated
|
|||||||
Net revenues1
|
|
|
|
|
(
|
(
|
|
|||||||
Provision for credit losses
|
|
|
|
(
|
(
|
|
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
|
|
|
|
|||||||
General and administrative expenses
|
|
|
|
|
|
(
|
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
|
0
|
0
|
|
|||||||
Restructuring activities
|
(
|
|
(
|
|
(
|
|
(
|
|||||||
Total noninterest expenses
|
|
|
|
|
|
|
|
|||||||
Noncontrolling interests
|
0
|
|
|
|
0
|
(
|
|
|||||||
Profit (loss) before tax
|
|
|
|
|
(
|
(
|
|
|||||||
Cost/income ratio
|
|
|
|
|
N/M
|
N/M
|
|
|||||||
Assets2
|
|
|
|
|
|
|
|
|||||||
Additions to non-current assets
|
|
|
|
|
|
|
|
|||||||
Risk-weighted assets
|
|
|
|
|
|
|
|
|||||||
Leverage exposure3
|
|
|
|
|
|
|
|
|||||||
Average allocated shareholders' equity
|
|
|
|
|
|
|
|
|||||||
Post-tax return on average shareholders’ equity4
|
|
|
|
|
(
|
N/M
|
|
|||||||
Post-tax return on average tangible shareholders’ equity4
|
|
|
|
|
(
|
N/M
|
|
|||||||
1 includes:
|
||||||||||||||
Net interest income
|
|
|
|
(
|
(
|
|
|
|||||||
Net income (loss) from equity method investments
|
|
|
|
|
|
|
|
|||||||
2 includes:
|
||||||||||||||
Equity method investments
|
|
|
|
|
|
|
|
|||||||
|
157
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2021
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
Asset Management
|
CapitalRelease Unit
|
Corporate &Other
|
TotalConsolidated
|
|||||||
Net revenues1
|
|
|
|
|
|
(
|
|
|||||||
Provision for credit losses
|
(
|
|
|
|
(
|
|
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
|
|
|
|
|||||||
General and administrative expenses
|
|
|
|
|
|
(
|
|
|||||||
Impairment of goodwill and other intangible assets
|
|
0
|
0
|
0
|
0
|
0
|
|
|||||||
Restructuring activities
|
|
|
|
|
(
|
(
|
|
|||||||
Total noninterest expenses
|
|
|
|
|
|
|
|
|||||||
Noncontrolling interests
|
0
|
(
|
|
|
0
|
(
|
0
|
|||||||
Profit (loss) before tax
|
|
|
|
|
(
|
(
|
|
|||||||
Cost/income ratio
|
|
|
|
|
N/M
|
N/M
|
|
|||||||
Assets2
|
|
|
|
|
|
|
|
|||||||
Additions to non-current assets
|
|
|
|
|
|
|
|
|||||||
Risk-weighted assets
|
|
|
|
|
|
|
|
|||||||
Leverage exposure (fully loaded)3
|
|
|
|
|
|
|
|
|||||||
Average allocated shareholders' equity
|
|
|
|
|
|
|
|
|||||||
Post-tax return on average shareholders’ equity4
|
|
|
|
|
(
|
N/M
|
|
|||||||
Post-tax return on average tangible shareholders’ equity4
|
|
|
|
|
(
|
N/M
|
|
|||||||
1 includes:
|
||||||||||||||
Net interest income
|
|
|
|
(
|
|
|
|
|||||||
Net income (loss) from equity method investments
|
|
(
|
|
|
|
|
|
|||||||
2 includes:
|
||||||||||||||
Equity method investments
|
|
|
|
|
|
|
|
|||||||
|
158
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2020
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
Asset Management
|
CapitalRelease Unit
|
Corporate &Other
|
TotalConsolidated
|
|||||||
Net revenues1
|
|
|
|
|
(
|
(
|
|
|||||||
Provision for credit losses
|
|
|
|
|
|
(
|
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
|
|
|
|
|||||||
General and administrative expenses
|
|
|
|
|
|
(
|
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
|
0
|
0
|
|
|||||||
Restructuring activities
|
|
|
|
|
|
|
|
|||||||
Total noninterest expenses
|
|
|
|
|
|
|
|
|||||||
Noncontrolling interests
|
0
|
|
|
|
(
|
(
|
0
|
|||||||
Profit (loss) before tax
|
|
|
(
|
|
(
|
(
|
|
|||||||
Cost/income ratio
|
|
|
|
|
N/M
|
N/M
|
|
|||||||
Assets2
|
|
|
|
|
|
|
|
|||||||
Additions to non-current assets
|
|
|
|
|
|
|
|
|||||||
Risk-weighted assets
|
|
|
|
|
|
|
|
|||||||
Leverage exposure (fully loaded)3
|
|
|
|
|
|
|
|
|||||||
Average allocated shareholders' equity
|
|
|
|
|
|
(
|
|
|||||||
Post-tax return on average shareholders’ equity4
|
|
|
(
|
|
(
|
N/M
|
|
|||||||
Post-tax return on average tangible shareholders’ equity4
|
|
|
(
|
|
(
|
N/M
|
|
|||||||
1 includes:
|
||||||||||||||
Net interest income
|
|
|
|
|
|
|
|
|||||||
Net income (loss) from equity method investments
|
|
|
|
|
|
|
|
|||||||
2 includes:
|
||||||||||||||
Equity method investments
|
|
|
|
|
|
|
|
|||||||
|
159
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
||||||||||||||
Corporate Treasury Services
|
|
|
|
761
|
24
|
6
|
0
|
|||||||
Institutional Client Services
|
|
|
|
287
|
22
|
19
|
1
|
|||||||
Business Banking
|
|
|
|
136
|
19
|
(21)
|
(3)
|
|||||||
Total net revenues
|
|
|
|
1,185
|
23
|
5
|
0
|
|||||||
of which:
|
||||||||||||||
Net interest income
|
|
|
|
1,022
|
39
|
(278)
|
(10)
|
|||||||
Commissions and fee income
|
|
|
|
151
|
7
|
125
|
6
|
|||||||
Remaining income
|
|
|
|
11
|
3
|
158
|
86
|
|||||||
Provision for credit losses
|
|
(
|
|
338
|
N/M
|
(367)
|
N/M
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
(25)
|
(2)
|
45
|
3
|
|||||||
General and administrative expenses
|
|
|
|
(103)
|
(4)
|
(156)
|
(6)
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
|
0
|
(5)
|
N/M
|
5
|
N/M
|
|||||||
Restructuring activities
|
(
|
|
|
(61)
|
N/M
|
13
|
47
|
|||||||
Total noninterest expenses
|
|
|
|
(193)
|
(5)
|
(92)
|
(2)
|
|||||||
Noncontrolling interests
|
0
|
0
|
0
|
0
|
N/M
|
0
|
N/M
|
|||||||
Profit (loss) before tax
|
|
|
|
1,040
|
103
|
464
|
85
|
|||||||
Total assets (in € bn.)1
|
|
|
|
12
|
5
|
8
|
3
|
|||||||
Loans (gross of allowance for loan losses, in € bn.)
|
|
|
|
(1)
|
(1)
|
8
|
7
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
688
|
5
|
(102)
|
(1)
|
|||||||
|
160
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
161
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
||||||||||||||
Fixed Income, Currency (FIC) Sales & Trading
|
|
|
|
1,871
|
26
|
(11)
|
(0)
|
|||||||
Debt Origination
|
|
|
|
(1,161)
|
(74)
|
73
|
5
|
|||||||
Equity Origination
|
|
|
|
(443)
|
(81)
|
174
|
47
|
|||||||
Advisory
|
|
|
|
(6)
|
(1)
|
247
|
101
|
|||||||
Origination & Advisory
|
|
|
|
(1,610)
|
(62)
|
494
|
23
|
|||||||
Other
|
|
(
|
|
124
|
N/M
|
(139)
|
N/M
|
|||||||
Total net revenues
|
|
|
|
385
|
4
|
345
|
4
|
|||||||
Provision for credit losses
|
|
|
|
215
|
N/M
|
(587)
|
(85)
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
179
|
8
|
118
|
6
|
|||||||
General and administrative expenses
|
|
|
|
218
|
6
|
262
|
8
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
0
|
N/M
|
0
|
N/M
|
|||||||
Restructuring activities
|
|
|
|
(32)
|
(68)
|
33
|
N/M
|
|||||||
Total noninterest expenses
|
|
|
|
365
|
6
|
413
|
8
|
|||||||
Noncontrolling interests
|
|
(
|
|
32
|
N/M
|
(29)
|
N/M
|
|||||||
Profit (loss) before tax
|
|
|
|
(227)
|
(6)
|
547
|
17
|
|||||||
Total assets (in € bn.)1
|
|
|
|
61
|
10
|
42
|
7
|
|||||||
Loans (gross of allowance for loan losses, in € bn.)
|
|
|
|
10
|
11
|
24
|
34
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
505
|
7
|
(341)
|
(5)
|
|||||||
|
162
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
163
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues:
|
||||||||||||||
Private Bank Germany
|
|
|
|
319
|
6
|
19
|
0
|
|||||||
International Private Bank
|
|
|
|
601
|
19
|
90
|
3
|
|||||||
Premium Banking
|
|
|
|
8
|
1
|
41
|
4
|
|||||||
Wealth Management & Bank for Entrepreneurs
|
|
|
|
594
|
26
|
49
|
2
|
|||||||
Total net revenues
|
|
|
|
921
|
11
|
109
|
1
|
|||||||
of which:
|
||||||||||||||
Net interest income
|
|
|
|
622
|
14
|
102
|
2
|
|||||||
Commissions and fee income
|
|
|
|
(50)
|
(2)
|
155
|
5
|
|||||||
Remaining income
|
|
|
|
349
|
82
|
(148)
|
(26)
|
|||||||
Provision for credit losses
|
|
|
|
137
|
31
|
(265)
|
(37)
|
|||||||
Noninterest expenses:
|
||||||||||||||
Compensation and benefits
|
|
|
|
(22)
|
(1)
|
(54)
|
(2)
|
|||||||
General and administrative expenses
|
|
|
|
(533)
|
(12)
|
205
|
5
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
0
|
N/M
|
0
|
N/M
|
|||||||
Restructuring activities
|
(
|
|
|
(285)
|
N/M
|
(240)
|
(58)
|
|||||||
Total noninterest expenses
|
|
|
|
(840)
|
(11)
|
(89)
|
(1)
|
|||||||
Noncontrolling interests
|
|
|
|
0
|
N/M
|
(0)
|
(87)
|
|||||||
Profit (loss) before tax
|
|
|
(
|
1,624
|
N/M
|
463
|
N/M
|
|||||||
Total assets (in € bn.)1
|
|
|
|
22
|
7
|
14
|
5
|
|||||||
Loans (gross of allowance for loan losses, in € bn.)
|
|
|
|
10
|
4
|
17
|
7
|
|||||||
Assets under management (in € bn.)2
|
|
|
|
(36)
|
(6)
|
59
|
12
|
|||||||
Net flows (in € bn.)
|
|
|
|
(0)
|
(1)
|
14
|
85
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
(1,132)
|
(4)
|
(1,665)
|
(6)
|
|||||||
|
164
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
165
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
||||||||||||||
Management fees
|
|
|
|
88
|
4
|
233
|
11
|
|||||||
Performance and transaction fees
|
|
|
|
(86)
|
(41)
|
122
|
135
|
|||||||
Other
|
|
|
|
(102)
|
(81)
|
123
|
N/M
|
|||||||
Total net revenues
|
|
|
|
(100)
|
(4)
|
478
|
21
|
|||||||
Provision for credit losses
|
(
|
|
|
(6)
|
N/M
|
3
|
148
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
77
|
9
|
82
|
11
|
|||||||
General and administrative expenses
|
|
|
|
29
|
3
|
77
|
10
|
|||||||
Impairment of goodwill and other intangible assets
|
|
0
|
|
68
|
N/M
|
(0)
|
N/M
|
|||||||
Restructuring activities
|
|
|
|
(2)
|
(95)
|
(20)
|
(92)
|
|||||||
Total noninterest expenses
|
|
|
|
173
|
10
|
138
|
9
|
|||||||
Noncontrolling interests
|
|
|
|
(49)
|
(22)
|
66
|
42
|
|||||||
Profit (loss) before tax
|
|
|
|
(217)
|
(27)
|
272
|
50
|
|||||||
Total assets (in € bn.)1
|
|
|
|
(0)
|
(2)
|
1
|
10
|
|||||||
Assets under management (in € bn.)
|
|
|
|
(106)
|
(11)
|
135
|
17
|
|||||||
Net flows (in € bn.)
|
(
|
|
|
(68)
|
N/M
|
17
|
N/M
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
211
|
5
|
146
|
4
|
|||||||
|
166
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € bn.
|
ActiveEquity
|
ActiveFixedIncome
|
ActiveMultiAsset
|
ActiveSQI
|
ActiveCash
|
Passive
|
Alternatives
|
Assets undermanagement
|
||||||||
Balance as of December 31, 2021
|
116
|
227
|
70
|
77
|
84
|
238
|
115
|
928
|
||||||||
Inflows
|
16
|
39
|
16
|
10
|
562
|
81
|
17
|
741
|
||||||||
Outflows
|
(17)
|
(51)
|
(10)
|
(11)
|
(568)
|
(88)
|
(16)
|
(761)
|
||||||||
Net Flows
|
(1)
|
(12)
|
6
|
(0)
|
(6)
|
(7)
|
1
|
(20)
|
||||||||
FX impact
|
2
|
7
|
0
|
0
|
2
|
7
|
4
|
22
|
||||||||
Performance
|
(18)
|
(28)
|
(8)
|
(13)
|
0
|
(38)
|
(2)
|
(108)
|
||||||||
Other
|
(0)
|
1
|
0
|
(0)
|
(0)
|
(1)
|
0
|
0
|
||||||||
Balance as of December 31, 2022
|
99
|
194
|
68
|
64
|
80
|
199
|
118
|
821
|
||||||||
Management fee margin (in bps)
|
71
|
12
|
31
|
29
|
3
|
18
|
50
|
28
|
||||||||
in € bn.
|
ActiveEquity
|
ActiveFixedIncome
|
ActiveMultiAsset
|
ActiveSQI
|
ActiveCash
|
Passive
|
Alternatives
|
Assets undermanagement
|
||||||||
Balance as of December 31, 2020
|
97
|
220
|
59
|
69
|
75
|
179
|
93
|
793
|
||||||||
Inflows
|
16
|
47
|
13
|
14
|
510
|
95
|
14
|
708
|
||||||||
Outflows
|
(16)
|
(43)
|
(9)
|
(11)
|
(504)
|
(69)
|
(9)
|
(660)
|
||||||||
Net Flows
|
(1)
|
5
|
4
|
2
|
6
|
26
|
6
|
48
|
||||||||
FX impact
|
2
|
8
|
0
|
0
|
4
|
8
|
3
|
26
|
||||||||
Performance
|
18
|
(4)
|
6
|
5
|
(0)
|
25
|
11
|
60
|
||||||||
Other
|
(0)
|
(0)
|
1
|
0
|
(0)
|
(1)
|
1
|
1
|
||||||||
Balance as of December 31, 2021
|
116
|
227
|
70
|
77
|
84
|
238
|
115
|
928
|
||||||||
Management fee margin (in bps)
|
72
|
13
|
33
|
28
|
3
|
18
|
49
|
28
|
||||||||
|
167
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
(
|
|
(
|
(54)
|
N/M
|
251
|
N/M
|
|||||||
Provision for credit losses
|
(
|
(
|
|
25
|
(59)
|
(70)
|
N/M
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
(68)
|
(53)
|
(40)
|
(24)
|
|||||||
General and administrative expenses
|
|
|
|
(442)
|
(34)
|
(468)
|
(26)
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
0
|
N/M
|
0
|
N/M
|
|||||||
Restructuring activities
|
(
|
(
|
|
0
|
(21)
|
(7)
|
N/M
|
|||||||
Total noninterest expenses
|
|
|
|
(510)
|
(36)
|
(515)
|
(26)
|
|||||||
Noncontrolling interests
|
–
|
0
|
(
|
0
|
N/M
|
0
|
N/M
|
|||||||
Profit (loss) before tax
|
(
|
(
|
(
|
431
|
(32)
|
836
|
(38)
|
|||||||
Total assets (in € bn.)1
|
|
|
|
(70)
|
(53)
|
(66)
|
(33)
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
(73)
|
(27)
|
(205)
|
(43)
|
|||||||
|
168
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
(
|
(
|
(
|
(812)
|
N/M
|
340
|
(62)
|
|||||||
Provision for credit losses
|
|
|
(
|
3
|
53
|
9
|
N/M
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
153
|
5
|
(204)
|
(6)
|
|||||||
General and administrative expenses
|
(
|
(
|
(
|
(263)
|
13
|
641
|
(24)
|
|||||||
Impairment of goodwill and other intangible assets
|
|
|
|
0
|
N/M
|
0
|
N/M
|
|||||||
Restructuring activities
|
|
(
|
|
0
|
N/M
|
(3)
|
N/M
|
|||||||
Total noninterest expenses
|
|
|
|
(109)
|
(11)
|
435
|
77
|
|||||||
Noncontrolling interests
|
(
|
(
|
(
|
16
|
(8)
|
(37)
|
22
|
|||||||
Profit (loss) before tax
|
(
|
(
|
(
|
(722)
|
71
|
(67)
|
7
|
|||||||
Employees (full-time equivalent)
|
|
|
|
1,762
|
6
|
476
|
2
|
|||||||
|
169
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
170
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.(unless stated otherwise)
|
Dec 31, 2022
|
Dec 31, 2021
|
AbsoluteChange
|
Changein %
|
||||
Cash, central bank and interbank balances
|
186,091
|
199,363
|
(13,272)
|
(7)
|
||||
Central bank funds sold, securities purchased under resale agreements and securities borrowed
|
11,478
|
8,432
|
3,047
|
36
|
||||
Financial assets at fair value through profit or loss
|
482,545
|
491,233
|
(8,688)
|
(2)
|
||||
Of which: Trading assets
|
92,867
|
102,396
|
(9,529)
|
(9)
|
||||
Of which: Positive market values from derivative financial instruments
|
299,856
|
299,732
|
123
|
0
|
||||
Of which: Non-trading financial assets mandatory at fair value through profit and loss
|
89,654
|
88,965
|
689
|
1
|
||||
Financial assets at fair value through other comprehensive income
|
31,675
|
28,979
|
2,696
|
9
|
||||
Loans at amortized cost
|
491,175
|
472,069
|
19,106
|
4
|
||||
Remaining assets
|
141,252
|
124,630
|
16,622
|
13
|
||||
Of which: Brokerage and securities related receivables
|
71,250
|
71,495
|
(245)
|
(0)
|
||||
Total assets
|
1,344,217
|
1,324,705
|
19,512
|
1
|
||||
in € m.(unless stated otherwise)
|
Dec 31, 2022
|
Dec 31, 2021
|
AbsoluteChange
|
Changein %
|
||||
Deposits
|
629,183
|
604,396
|
24,787
|
4
|
||||
Central bank funds purchased, securities sold under repurchaseagreements and securities loaned
|
585
|
772
|
(187)
|
(24)
|
||||
Financial liabilities at fair value through profit or loss
|
388,138
|
400,857
|
(12,719)
|
(3)
|
||||
Of which: Trading liabilities
|
50,616
|
54,718
|
(4,102)
|
(7)
|
||||
Of which: Negative market values from derivative financial instruments
|
282,418
|
287,109
|
(4,691)
|
(2)
|
||||
Of which: Financial liabilities designated at fair value through profit or loss
|
54,634
|
58,468
|
(3,834)
|
(7)
|
||||
Other short-term borrowings
|
5,122
|
4,034
|
1,089
|
27
|
||||
Long-term debt
|
131,525
|
144,485
|
(12,959)
|
(9)
|
||||
Remaining liabilities
|
117,522
|
102,063
|
15,459
|
15
|
||||
Of which: Brokerage and securities related payables
|
82,711
|
70,165
|
12,546
|
18
|
||||
Total liabilities
|
1,272,076
|
1,256,606
|
15,470
|
1
|
||||
Total equity
|
72,141
|
68,099
|
4,042
|
6
|
||||
Total liabilities and equity
|
1,344,217
|
1,324,705
|
19,512
|
1
|
||||
|
171
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
172
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
173
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Contractual obligations
|
Payment dueby period
|
|||||||||
in € m.
|
Total
|
Less than 1 year
|
1–3 years
|
3–5 years
|
More than 5 years
|
|||||
Long-term debt obligations¹
|
145,695
|
50,053
|
36,581
|
32,747
|
26,314
|
|||||
Trust preferred securities1,2
|
514
|
514
|
0
|
0
|
0
|
|||||
Long-term financial liabilities designated at fair value through profit or loss3
|
5,351
|
2,208
|
1,545
|
742
|
855
|
|||||
Future cash outflows not reflected in the measurement of Lease liabilities4
|
5,889
|
14
|
207
|
406
|
5,263
|
|||||
Lease liabilities1
|
5,460
|
632
|
807
|
807
|
3,214
|
|||||
Purchase obligations
|
4,221
|
781
|
1,622
|
897
|
921
|
|||||
Long-term deposits¹
|
26,126
|
0
|
12,314
|
4,077
|
9,735
|
|||||
Other long-term liabilities
|
721
|
511
|
39
|
21
|
149
|
|||||
Total
|
193,977
|
54,713
|
53,115
|
39,698
|
46,451
|
|||||
|
174
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
175
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
176
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
177
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
178
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Risk and capital overview
|
|||||
Risk and capital framework
|
|||||
Risk and Capital Management
|
|||||
|
179
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
180
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Common Equity Tier 1 Ratio
|
||
31.12.2022
|
13.4 %
|
|
31.12.2021
|
13.2 %
|
|
Economic Capital Adequacy Ratio
|
||
31.12.2022
|
239 %
|
|
31.12.2021
|
206 %
|
|
Leverage Ratio
|
||
31.12.2022¹
|
4.6 %
|
|
31.12.2021 (fully loaded)² ³
|
4.9 %
|
|
Total loss absorbing capacity (TLAC)
|
||
31.12.2022 (Risk Weighted Asset based)
|
32.2 %
|
|
31.12.2022 (Leverage Exposure based)
|
9.3 %
|
|
31.12.2021 (Risk Weighted Asset based)
|
31.0 %
|
|
31.12.2021 (Leverage Exposure based)
|
9.7 %
|
|
Liquidity Coverage Ratio
|
||
31.12.2022
|
142 %
|
|
31.12.2021
|
133 %
|
|
Risk-Weighted Assets
|
||
31.12.2022
|
€ 360.0 bn
|
|
31.12.2021
|
€ 351.6 bn
|
|
Economic Capital
|
||
31.12.2022
|
€ 20.9 bn
|
|
31.12.2021
|
€ 23.5 bn
|
|
Leverage Exposure
|
||
31.12.2022
|
€ 1,240 bn
|
|
31.12.2021³
|
€ 1,125 bn
|
|
Minimum requirement for own funds and eligible liabilities (MREL)
|
||
31.12.2022
|
34.4%
|
|
31.12.2021
|
32.7 %
|
|
Stressed Net Liquidity Position (sNLP)
|
||
31.12.2022
|
€ 48.1 bn
|
|
31.12.2021⁴
|
€ 43.3 bn
|
|
Net Stable Funding Ratio (NSFR)
|
||
31.12.2022
|
120 %
|
|
31.12.2021
|
121%
|
|
|
181
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
2022 increase (decrease)from 2021
|
|||||||
in € m.(unless stated otherwise)
|
Dec 31, 2022
|
Dec 31, 2021
|
in € m.
|
in %
|
||||
Credit risk
|
11,802
|
11,725
|
76
|
1
|
||||
Market risk
|
6,355
|
7,920
|
(1,565)
|
(20)
|
||||
Trading market risk
|
1,387
|
2,292
|
(904)
|
(39)
|
||||
Nontrading market risk
|
4,968
|
5,628
|
(660)
|
(12)
|
||||
Operational risk
|
4,668
|
4,937
|
(270)
|
(5)
|
||||
Strategic risk
|
1,854
|
3,173
|
(1,319)
|
(42)
|
||||
Diversification benefit¹
|
(3,778)
|
(4,213)
|
435
|
(10)
|
||||
Total economic capital demand
|
20,900
|
23,542
|
(2,642)
|
(11)
|
||||
|
182
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||||
in € m. (unlessstated otherwise)
|
Corporate Bank
|
Investment Bank
|
Private Bank
|
Asset Management
|
Capital Release Unit
|
Corporate & Other
|
Total
|
Total(in %)
|
||||||||
Credit risk
|
2,760
|
4,259
|
2,344
|
53
|
194
|
2,192
|
11,802
|
56
|
||||||||
Market risk
|
343
|
1,177
|
662
|
180
|
108
|
3,886
|
6,355
|
30
|
||||||||
Operational risk
|
424
|
1,852
|
611
|
273
|
1,507
|
0
|
4,668
|
22
|
||||||||
Strategic risk
|
0
|
0
|
0
|
0
|
0
|
1,854
|
1,854
|
9
|
||||||||
Diversification benefit¹
|
(440)
|
(1,308)
|
(543)
|
(162)
|
(758)
|
(567)
|
(3,778)
|
(18)
|
||||||||
Total EC
|
3,088
|
5,980
|
3,073
|
344
|
1,051
|
7,365
|
20,900
|
100
|
||||||||
Total EC in %
|
15
|
29
|
15
|
2
|
5
|
35
|
100
|
N/M
|
||||||||
Dec 31, 2021
|
||||||||||||||||
in € m. (unlessstated otherwise)
|
Corporate Bank
|
Investment Bank
|
Private Bank
|
Asset Management
|
Capital Release Unit
|
Corporate & Other
|
Total
|
Total(in %)
|
||||||||
Credit risk
|
2,984
|
4,869
|
2,519
|
60
|
376
|
917
|
11,725
|
50
|
||||||||
Market risk
|
306
|
2,094
|
570
|
83
|
140
|
4,728
|
7,920
|
34
|
||||||||
Operational risk
|
446
|
2,002
|
602
|
269
|
1,619
|
0
|
4,937
|
21
|
||||||||
Strategic risk
|
242
|
10
|
32
|
0
|
1
|
2,888
|
3,173
|
13
|
||||||||
Diversification benefit¹
|
(478)
|
(1,533)
|
(540)
|
(145)
|
(826)
|
(693)
|
(4,213)
|
(18)
|
||||||||
Total EC
|
3,500
|
7,442
|
3,183
|
267
|
1,309
|
7,840
|
23,542
|
100
|
||||||||
Total EC in %
|
15
|
32
|
14
|
1
|
6
|
33
|
100
|
N/M
|
||||||||
|
183
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
184
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
185
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
186
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
187
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
188
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
189
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
190
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
191
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
192
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
193
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
194
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
195
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
196
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
197
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
198
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
199
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
200
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
201
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
202
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
203
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
204
|
Deutsche Bank
|
||
Annual Report 2022
|
||
December 31, 2022¹ ²
|
|||||
Year 1(4 quarter avg)
|
Year 2(4 quarter avg)
|
||||
Commodity - Gold
|
|
|
|||
Commodity - WTI
|
|
|
|||
Credit - CDX Emerging Markets
|
|
|
|||
Credit - CDX High Yield
|
|
|
|||
Credit - CDX IG
|
|
|
|||
Credit - High Yield Index
|
|
|
|||
Credit - ITX Europe 125
|
|
|
|||
Equity - MSCI Asia
|
|
|
|||
Equity - Nikkei
|
|
|
|||
Equity - S&P500
|
|
|
|||
GDP - Developing Asia
|
|
|
|||
GDP - Emerging Markets
|
|
|
|||
GDP - Eurozone
|
|
|
|||
GDP - Germany
|
(
|
|
|||
GDP - Italy
|
|
|
|||
GDP - USA
|
|
|
|||
Real Estate Prices - US CRE Index
|
|
|
|||
Unemployment - Eurozone
|
|
|
|||
Unemployment - Germany
|
|
|
|||
Unemployment - Italy
|
|
|
|||
Unemployment - Japan
|
|
|
|||
Unemployment - Spain
|
|
|
|||
Unemployment - USA
|
|
|
|||
|
December 31. 2021¹ ²
|
||||
Year 1(4 quarter avg)
|
Year 2(4 quarter avg)
|
||||
Commodity - Gold
|
|
|
|||
Commodity - WTI
|
|
|
|||
Credit - CDX Emerging Markets
|
|
|
|||
Credit - CDX High Yield
|
|
|
|||
Credit - CDX IG
|
|
|
|||
Credit - High Yield Index
|
|
|
|||
Credit - ITX Europe 125
|
|
|
|||
Equity - MSCI Asia
|
|
|
|||
Equity - Nikkei
|
|
|
|||
Equity - S&P500
|
|
|
|||
GDP - Developing Asia
|
|
|
|||
GDP - Emerging Markets
|
|
|
|||
GDP - Eurozone
|
|
|
|||
GDP - Germany
|
|
|
|||
GDP - Italy
|
|
|
|||
GDP - USA
|
|
|
|||
Real Estate Prices - US CRE Index
|
|
|
|||
Unemployment - Eurozone
|
|
|
|||
Unemployment - Germany
|
|
|
|||
Unemployment - Italy
|
|
|
|||
Unemployment - Japan
|
|
|
|||
Unemployment - Spain
|
|
|
|||
Unemployment - USA
|
|
|
|||
|
205
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
206
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m. (unless stated otherwise)
|
Overlays as of December 31, 2021
|
New Overlays
|
Discontinued overlays
|
Overlays as of December 31, 2022
|
||||||
Overlay description
|
Impact on
|
|||||||||
Construction Risk following increased prices for building materials
|
Mortgage portfolios in the Private Bank in Stage 1 and 2
|
|
|
(
|
|
|||||
Model calibration (MEV outside calibrated range of the FLI model)
|
Financial assets in Stage 1 and 2
|
|
|
(
|
|
|||||
Recalibrations required due to the new Definition of Default
|
Financial assets primarily in the Private Bank in Stage 3
|
(
|
(
|
|
(
|
|||||
Uncertainty related to Russia/Ukraine¹
|
All financial assets in Stage 1 and 2
|
|
|
(
|
|
|||||
Model calibration (WTI oil price Index disabled for one portfolio)
|
Financial assets in Stage 1 and 2 in the Investment Bank
|
|
|
(
|
|
|||||
Total
|
|
|
(
|
(
|
||||||
|
207
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
208
|
Deutsche Bank
|
||
Annual Report 2022
|
||
December 31, 2022
|
||||||||
Upward sensitivity
|
Downward sensitivity
|
|||||||
Upward shift
|
ECL impactin € m.
|
Downward shift
|
ECL impactin € m.
|
|||||
GDP growth rates
|
|
(
|
(
|
|
||||
Unemployment rates
|
(
|
(
|
|
|
||||
Real estate prices
|
|
(
|
(
|
|
||||
Equities
|
|
(
|
(
|
|
||||
Credit spreads
|
(
|
(
|
|
|
||||
Commodities¹
|
|
(
|
(
|
|
||||
December 31, 2021
|
||||||||
Upward sensitivity
|
Downward sensitivity
|
|||||||
Upward shift
|
ECL impactin € m.
|
Downward shift
|
ECL impactin € m.
|
|||||
GDP growth rates
|
|
(
|
(
|
|
||||
Unemployment rates
|
(
|
(
|
|
|
||||
Real estate prices
|
|
(
|
(
|
|
||||
Equities
|
|
(
|
(
|
|
||||
Credit spreads
|
(
|
(
|
|
|
||||
Commodities
|
|
(
|
(
|
|
||||
|
209
|
Deutsche Bank
|
||
Annual Report 2022
|
||
December 31, 2022
|
|||||||||
Upward sensitivity
|
Downward sensitivity
|
||||||||
Upward shift
|
ECL impactin € m.
|
Downward shift
|
ECL impactin € m.
|
||||||
GDP growth rates
|
|
(
|
(
|
|
|||||
Unemployment rates
|
(
|
(
|
|
|
|||||
Real estate prices
|
|
(
|
(
|
|
|||||
Credit spreads
|
(
|
(
|
|
|
|||||
Commodities¹
|
|
(
|
(
|
|
|||||
December 31, 2021
|
||||||||
Upward sensitivity
|
Downward sensitivity
|
|||||||
Upward shift
|
ECL impactin € m.
|
Downward shift
|
ECL impactin € m.
|
|||||
GDP growth rates
|
|
(
|
(
|
|
||||
Unemployment rates
|
(
|
(
|
|
|
||||
Real estate prices
|
|
(
|
(
|
|
||||
Credit spreads
|
(
|
(
|
|
|
||||
Commodities
|
|
(
|
(
|
|
||||
|
210
|
Deutsche Bank
|
||
Annual Report 2022
|
||
December 31, 2022
|
||||||||
Upward sensitivity
|
Downward sensitivity
|
|||||||
Upward shift
|
ECL impactin € m.
|
Downward shift
|
ECL impactin € m.
|
|||||
GDP growth rates
|
|
(
|
(
|
|
||||
Unemployment rates
|
(
|
(
|
|
|
||||
Real estate prices
|
|
(
|
(
|
|
||||
Equities
|
|
(
|
(
|
|
||||
Credit spreads
|
(
|
(
|
|
|
||||
Commodities¹
|
|
(
|
(
|
|
||||
December 31, 2021
|
||||||||
Upward sensitivity
|
Downward sensitivity
|
|||||||
Upward shift
|
ECL impactin € m.
|
Downward shift
|
ECL impactin € m.
|
|||||
GDP growth rates
|
|
(
|
(
|
|
||||
Unemployment rates
|
(
|
(
|
|
|
||||
Real estate prices
|
|
(
|
(
|
|
||||
Equities
|
|
(
|
(
|
|
||||
Credit spreads
|
(
|
(
|
|
|
||||
Commodities
|
|
(
|
(
|
|
||||
December 31, 2022
|
||||||||
Upward sensitivity
|
Downward sensitivity
|
|||||||
Upward shift
|
ECL impactin € m.
|
Downward shift
|
ECL impactin € m.
|
|||||
GDP growth rates
|
|
(
|
(
|
|
||||
Unemployment rates
|
(
|
(
|
|
|
||||
December 31, 2021
|
||||||||
Upward sensitivity
|
Downward sensitivity
|
|||||||
Upward shift
|
ECL impactin € m.
|
Downward shift
|
ECL impactin € m.
|
|||||
GDP growth rates
|
|
(
|
(
|
|
||||
Unemployment rates
|
(
|
(
|
|
|
||||
|
211
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
212
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
||||||||||||
in € m.
|
Total Exposure
|
Allowance for Credit Losses1
|
Total collateral and guarantees
|
Total Exposure
|
Allowance for Credit Losses1
|
Total collateral and guarantees
|
|||||||
Stage 1
|
|
|
|
|
|
|
|||||||
Stage 2
|
|
|
|
|
|
|
|||||||
Stage 3
|
|
|
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|||||||
|
213
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||
Legislative and non-legislative Moratoria
|
COVID-19 related forbearance measures
|
Public guarantee schemes
|
||||||||||
in € m.
|
Gross Carrying Amount
|
Expected Credit Losses
|
Gross Carrying Amount
|
Expected Credit Losses
|
Gross Carrying Amount
|
Expected Credit Losses
|
||||||
Stage 1
|
|
(
|
|
(
|
|
(
|
||||||
Stage 2
|
|
(
|
|
(
|
|
(
|
||||||
Stage 3
|
|
(
|
|
(
|
|
(
|
||||||
Total
|
|
(
|
|
(
|
|
(
|
||||||
Dec 31, 2021
|
||||||||||||
Legislative and non-legislative Moratoria
|
COVID-19 related forbearance measures
|
Public guarantee schemes
|
||||||||||
in € m.
|
Gross Carrying Amount
|
Expected Credit Losses
|
Gross Carrying Amount
|
Expected Credit Losses
|
Gross Carrying Amount
|
Expected Credit Losses
|
||||||
Stage 1
|
|
(
|
|
(
|
|
(
|
||||||
Stage 2
|
|
(
|
|
(
|
|
(
|
||||||
Stage 3
|
|
(
|
|
(
|
|
(
|
||||||
Total
|
|
(
|
|
(
|
|
(
|
||||||
|
214
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
Amortized cost¹
|
||||||||||||||||||||
Gross carrying amount
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Allowance for credit losses²
|
|
|
|
|
|
|
|
|
|
|
||||||||||
of which Loans
|
||||||||||||||||||||
Gross carrying amount
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Allowance for credit losses²
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Fair value through OCI
|
||||||||||||||||||||
Fair value
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Allowance for credit losses
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Off-balance sheet
|
||||||||||||||||||||
Notional amount
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Allowance for credit losses³
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
|
215
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||
Gross carrying amount
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
|
|
|||||
Movements in financial assets including new business and credit extensions
|
|
|
|
(
|
|
|||||
Transfers due to changes in creditworthiness
|
(
|
|
|
0
|
0
|
|||||
Changes due to modifications that did not result inderecognition
|
0
|
(
|
(
|
0
|
(
|
|||||
Changes in models
|
0
|
0
|
0
|
0
|
0
|
|||||
Financial assets that have been derecognized during the period
|
(
|
(
|
(
|
(
|
(
|
|||||
Recovery of written off amounts
|
0
|
0
|
|
|
|
|||||
Foreign exchange and other changes
|
|
|
|
|
|
|||||
Balance, end of reporting period
|
|
|
|
|
|
|||||
Dec 31, 2021
|
||||||||||
Gross carrying amount
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
|
|
|||||
Movements in financial assets including new business and credit extensions
|
|
|
|
(
|
|
|||||
Transfers due to changes in creditworthiness
|
(
|
(
|
|
0
|
0
|
|||||
Changes due to modifications that did not result inderecognition
|
(
|
(
|
(
|
0
|
(
|
|||||
Changes in models
|
0
|
0
|
0
|
0
|
0
|
|||||
Financial assets that have been derecognized during the period
|
(
|
(
|
(
|
(
|
(
|
|||||
Recovery of written off amounts
|
0
|
0
|
|
|
|
|||||
Foreign exchange and other changes
|
|
|
|
|
|
|||||
Balance, end of reporting period
|
|
|
|
|
|
|||||
|
216
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||
Allowance for Credit Losses²
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI⁴
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
|
|
|||||
Movements in financial assets including new business and credit extensions
|
(
|
|
|
|
|
|||||
Transfers due to changes in creditworthiness
|
|
(
|
(
|
N/M
|
0
|
|||||
Changes due to modifications that did not result inderecognition
|
N/M
|
N/M
|
N/M
|
N/M
|
N/M
|
|||||
Changes in models
|
|
|
|
|
0
|
|||||
Financial assets that have been derecognized during the period³
|
|
|
(
|
(
|
(
|
|||||
Recovery of written off amounts
|
|
|
|
|
|
|||||
Foreign exchange and other changes
|
|
|
(
|
|
(
|
|||||
Balance, end of reporting period
|
|
|
|
|
|
|||||
Provision for Credit Losses excluding country risk¹
|
|
|
|
|
|
|||||
Dec 31, 2021
|
||||||||||
Allowance for Credit Losses²
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI⁴
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
|
|
|||||
Movements in financial assets including new business and credit extensions
|
(
|
|
|
|
|
|||||
Transfers due to changes in creditworthiness
|
|
(
|
|
N/M
|
|
|||||
Changes due to modifications that did not result inderecognition
|
N/M
|
N/M
|
N/M
|
N/M
|
N/M
|
|||||
Changes in models
|
|
|
|
|
|
|||||
Financial assets that have been derecognized during the period³
|
|
|
(
|
(
|
(
|
|||||
Recovery of written off amounts
|
|
|
|
|
|
|||||
Foreign exchange and other changes
|
|
(
|
(
|
(
|
(
|
|||||
Balance, end of reporting period
|
|
|
|
|
|
|||||
Provision for Credit Losses excluding country risk¹
|
(
|
(
|
|
|
|
|||||
|
217
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||||||||
Gross Carrying Amount¹
|
Allowance for Credit Losses
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
Corporate Bank
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Investment Bank
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Private Bank
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Asset Management
|
|
|
0
|
0
|
|
|
|
|
0
|
|
||||||||||
Capital Release Unit
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Corporate & Other
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Dec 31, 2021
|
||||||||||||||||||||
Gross Carrying Amount¹
|
Allowance for Credit Losses
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
Corporate Bank
|
|
|
|
|
|
|
|
|
0
|
|
||||||||||
Investment Bank
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Private Bank
|
|
|
|
|
|
|
|
|
0
|
|
||||||||||
Asset Management
|
|
|
0
|
0
|
|
|
|
0
|
0
|
|
||||||||||
Capital Release Unit
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Corporate & Other
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
218
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||||||||
Gross Carrying Amount
|
Allowance for Credit Losses
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
Agriculture, forestry and fishing
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Mining and quarrying
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Manufacturing
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Electricity, gas, steam and air conditioning supply
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Water supply, sewerage, waste management and remediation activities
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Construction
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Transport and storage
|
|
|
|
|
|
|
|
|
(
|
|
||||||||||
Accommodation and food service activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Information and communication
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Financial and insurance activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Real estate activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Professional, scientific and technical activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Administrative and support service activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Public administration and defense, compulsory social security
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Education
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Human health services and social work activities
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Arts, entertainment and recreation
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Other service activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Activities of extraterritorial organizations and bodies
|
|
|
0
|
0
|
|
|
|
0
|
0
|
|
||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
219
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||||||||
Gross Carrying Amount
|
Allowance for Credit Losses
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
Agriculture, forestry and fishing
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Mining and quarrying
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Manufacturing
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Electricity, gas, steam and air conditioning supply
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Water supply, sewerage, waste management and remediation activities
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Construction
|
|
|
|
|
|
|
|
|
(
|
|
||||||||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Transport and storage
|
|
|
|
|
|
|
|
|
(
|
|
||||||||||
Accommodation and food service activities
|
|
|
|
|
|
|
|
|
(
|
|
||||||||||
Information and communication
|
|
|
|
|
|
|
|
|
0
|
|
||||||||||
Financial and insurance activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Real estate activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Professional, scientific and technical activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Administrative and support service activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Public administration and defense, compulsory social security
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Education
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Human health services and social work activities
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Arts, entertainment and recreation
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Other service activities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Activities of households as employers, undifferentiated goods- and services- producing activities of households for own use
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Activities of extraterritorial organizations and bodies
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Dec 31, 2022
|
||||||||||||||||||||
Gross Carrying Amount
|
Allowance for Credit Losses
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
Germany
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Western Europe(excluding Germany)
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Eastern Europe
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
North America
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Central and South America
|
|
|
|
|
|
|
|
|
0
|
|
||||||||||
Asia/Pacific
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Africa
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Other
|
|
|
|
|
|
|
|
|
(
|
|
||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
220
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||||||||
Gross Carrying Amount
|
Allowance for Credit Losses
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
Germany
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Western Europe(excluding Germany)
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Eastern Europe
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
North America
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Central and South America
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Asia/Pacific
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Africa
|
|
|
|
0
|
|
|
|
|
0
|
|
||||||||||
Other
|
|
|
|
|
|
|
|
|
(
|
|
||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Dec 31, 2022
|
||||||||||||||||||||
Gross Carrying Amount
|
Allowance for Credit Losses
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
iAAA–iAA
|
|
|
0
|
0
|
|
|
|
0
|
0
|
|
||||||||||
iA
|
|
|
0
|
|
|
|
|
0
|
0
|
|
||||||||||
iBBB
|
|
|
0
|
0
|
|
|
|
0
|
0
|
|
||||||||||
iBB
|
|
|
0
|
0
|
|
|
|
0
|
0
|
|
||||||||||
iB
|
|
|
0
|
|
|
|
|
0
|
|
|
||||||||||
iCCC and below
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Dec 31, 2021
|
||||||||||||||||||||
Gross Carrying Amount
|
Allowance for Credit Losses
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
iAAA–iAA
|
|
|
0
|
0
|
|
|
|
0
|
0
|
|
||||||||||
iA
|
|
|
0
|
|
|
|
|
0
|
0
|
|
||||||||||
iBBB
|
|
|
0
|
0
|
|
|
|
0
|
0
|
|
||||||||||
iBB
|
|
|
0
|
|
|
|
|
0
|
0
|
|
||||||||||
iB
|
|
|
0
|
|
|
|
|
0
|
|
|
||||||||||
iCCC and below
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||
in € m.
|
Gross CarryingAmount
|
Collateral
|
Guarantees
|
Gross CarryingAmount
|
Collateral
|
Guarantees
|
||||||
Financial Assets at Amortized Cost (Stage 3)¹
|
|
|
|
|
|
|
||||||
|
221
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3POCI
|
Total
|
||||||||||
Amortized cost carrying amount prior to modification
|
0
|
|
|
0
|
|
|
|
|
|
|
||||||||||
Net modification gain/losses recognized
|
0
|
(
|
(
|
0
|
(
|
(
|
|
(
|
|
(
|
||||||||||
Dec 31, 2022
|
||||||||||
Nominal Amount
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
|
|
|||||
Movements including new business
|
|
|
|
(
|
|
|||||
Transfers due to changes in creditworthiness
|
(
|
|
(
|
0
|
0
|
|||||
Changes in models
|
0
|
0
|
0
|
0
|
0
|
|||||
Foreign exchange and other changes
|
|
|
|
(
|
|
|||||
Balance, end of reporting period
|
|
|
|
|
|
|||||
of which: Financial guarantees
|
|
|
|
0
|
|
|||||
Dec 31, 2021
|
||||||||||
Nominal Amount
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
|
|
|||||
Movements including new business
|
|
|
(
|
|
|
|||||
Transfers due to changes in creditworthiness
|
(
|
|
|
|
|
|||||
Changes in models
|
|
|
|
|
|
|||||
Foreign exchange and other changes
|
|
|
|
|
|
|||||
Balance, end of reporting period
|
|
|
|
|
|
|||||
of which: Financial guarantees
|
55,477
|
2,975
|
1,036
|
0
|
59,488
|
|||||
|
222
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||
Allowance for Credit Losses2
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
0
|
|
|||||
Movements including new business
|
|
(
|
|
0
|
|
|||||
Transfers due to changes in creditworthiness
|
|
(
|
|
0
|
0
|
|||||
Changes in models
|
0
|
0
|
0
|
0
|
0
|
|||||
Foreign exchange and other changes
|
|
|
|
0
|
|
|||||
Balance, end of reporting period
|
|
|
|
0
|
|
|||||
of which: Financial guarantees
|
|
|
|
0
|
|
|||||
Provision for Credit Losses excluding country risk1
|
|
(
|
|
0
|
|
|||||
Dec 31, 2021
|
||||||||||
Allowance for Credit Losses2
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
|
|
|||||
Movements including new business
|
(
|
|
|
|
|
|||||
Transfers due to changes in creditworthiness
|
|
(
|
|
|
|
|||||
Changes in models
|
|
|
|
|
|
|||||
Foreign exchange and other changes
|
|
|
|
|
|
|||||
Balance, end of reporting period
|
|
|
|
|
|
|||||
of which: Financial guarantees
|
|
|
|
|
|
|||||
Provision for Credit Losses excluding country risk1
|
(
|
|
|
|
|
|||||
|
223
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||||||||||||||
Performing
|
Non-performing
|
Totalforborneloans atamortizedcost
|
Performing
|
Non-performing
|
Totalforborneloans atamortizedcost
|
|||||||||||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 1
|
Stage 2
|
Stage 1
|
Stage 2
|
Stage 3
|
||||||||||||||
German
|
|
|
|
|
|
|
|
|
0
|
|
|
|
||||||||||||
Non-German
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Balance beginning of period
|
|
|
||
Classified as forborne during the year
|
|
|
||
Transferred to non-forborne during the year (including repayments)
|
(
|
(
|
||
Charge-offs
|
(
|
(
|
||
Exchange rate and other movements
|
|
|
||
Balance end of period
|
|
|
||
in € m.
|
2022
|
2021
|
||
Commercial real estate
|
|
|
||
Residential real estate1
|
|
|
||
Other
|
|
|
||
Total collateral obtained during the reporting period
|
|
|
||
|
224
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
225
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
226
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
227
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
228
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
229
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
230
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
231
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
232
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
233
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
234
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
235
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
236
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
237
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
238
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
239
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
240
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
241
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
242
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
243
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
244
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
245
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
246
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
247
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
248
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
249
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
250
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
251
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
252
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
253
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
2023
|
|||
Pillar 1
|
||||
Minimum CET 1 requirement
|
4.50 %
|
4.50 %
|
||
Combined buffer requirement
|
4.57 %
|
5.07 %
|
||
Capital Conservation Buffer
|
2.50 %
|
2.50 %
|
||
Countercyclical Buffer¹
|
0.07 %
|
0.37 %
|
||
Systemic Risk Buffer²
|
0.00 %
|
0.20 %
|
||
Maximum of:
|
2.00 %
|
2.00 %
|
||
G-SII Buffer
|
1.50 %
|
1.50 %
|
||
O-SII Buffer
|
2.00 %
|
2.00 %
|
||
Pillar 2
|
||||
Pillar 2 SREP Add-on of CET 1 capital (excluding the "Pillar 2" guidance)
|
2.50 %
|
2.70 %
|
||
of which covered by CET 1 capital
|
1.41 %
|
1.52 %
|
||
of which covered by Tier 1 capital
|
1.88 %
|
2.03 %
|
||
of which covered by Tier 2 capital
|
0.63 %
|
0.68 %
|
||
Total CET 1 requirement from Pillar 1 and 2³
|
10.48 %
|
11.09 %
|
||
Total Tier 1 requirement from Pillar 1 and 2
|
12.45 %
|
13.10 %
|
||
Total capital requirement from Pillar 1 and 2
|
15.07 %
|
15.77 %
|
||
|
254
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022 ³
|
Dec 31, 2021
|
|||||
in € m.
|
CRR/CRD
|
CRR/CRDfully loaded
|
CRR/CRD
|
|||
Common Equity Tier 1 (CET 1) capital: instruments and reserves
|
||||||
Capital instruments, related share premium accounts and other reserves
|
|
45,864
|
|
|||
Retained earnings
|
|
10,506
|
|
|||
Accumulated other comprehensive income (loss), net of tax
|
(
|
(444)
|
(
|
|||
Independently reviewed interim profits net of any foreseeable charge or dividend1
|
|
1,379
|
|
|||
Other
|
|
910
|
|
|||
Common Equity Tier 1 (CET 1) capital before regulatory adjustments
|
|
58,215
|
|
|||
Common Equity Tier 1 (CET 1) capital: regulatory adjustments
|
||||||
Additional value adjustments (negative amount)
|
(
|
(1,812)
|
(
|
|||
Other prudential filters (other than additional value adjustments)
|
|
(14)
|
(
|
|||
Goodwill and other intangible assets (net of related tax liabilities) (negative amount)
|
(
|
(4,897)
|
(
|
|||
Deferred tax assets that rely on future profitability excluding those arising fromtemporary differences (net of related tax liabilities where the conditions in Art. 38 (3)CRR are met) (negative amount)
|
(
|
(1,466)
|
(
|
|||
Negative amounts resulting from the calculation of expected loss amounts
|
(
|
(573)
|
(
|
|||
Defined benefit pension fund assets (net of related tax liabilities) (negative amount)
|
(
|
(991)
|
(
|
|||
Direct, indirect and synthetic holdings by an institution of own CET 1 instruments (negative amount)
|
(
|
0
|
|
|||
Direct, indirect and synthetic holdings by the institution of the CET 1 instruments of financial sector entities where the institution has a significant investment in those entities (amount above the 10 % / 15 % thresholds and net of eligible short positions) (negative amount)
|
|
0
|
|
|||
Deferred tax assets arising from temporary differences (net of related tax liabilities where the conditions in Art. 38 (3) CRR are met) (amount above the 10 % / 15 % thresholds) (negative amount)
|
|
(151)
|
(
|
|||
Other regulatory adjustments2
|
(
|
(1,805)
|
(
|
|||
Total regulatory adjustments to Common Equity Tier 1 (CET 1) capital
|
(
|
(11,709)
|
(
|
|||
Common Equity Tier 1 (CET 1) capital
|
|
46,506
|
|
|||
Additional Tier 1 (AT1) capital: instruments
|
||||||
Capital instruments and the related share premium accounts
|
|
8,328
|
|
|||
Amount of qualifying items referred to in Art. 484 (4) CRR and the related sharepremium accounts subject to phase out from AT1
|
|
N/M
|
|
|||
Additional Tier 1 (AT1) capital before regulatory adjustments
|
|
8,328
|
|
|||
Additional Tier 1 (AT1) capital: regulatory adjustments
|
||||||
Direct, indirect and synthetic holdings by an institution of own AT1 instruments(negative amount)
|
(
|
(60)
|
(
|
|||
Residual amounts deducted from AT1 capital with regard to deduction from CET 1 capital during the transitional period pursuant to Art. 472 CRR
|
||||||
Other regulatory adjustments
|
|
0
|
|
|||
Total regulatory adjustments to Additional Tier 1 (AT1) capital
|
(
|
(60)
|
(
|
|||
Additional Tier 1 (AT1) capital
|
|
8,268
|
|
|||
Tier 1 capital (T1 = CET 1 + AT1)
|
|
54,775
|
|
|||
Tier 2 (T2) capital
|
|
7,328
|
|
|||
Total capital (TC = T1 + T2)
|
|
62,102
|
|
|||
Total risk-weighted assets
|
|
351,629
|
|
|||
Capital ratios
|
||||||
Common Equity Tier 1 capital ratio (as a percentage of risk-weighted assets)
|
|
13.2
|
|
|||
Tier 1 capital ratio (as a percentage of risk-weighted assets)
|
|
15.6
|
|
|||
Total capital ratio (as a percentage of risk-weighted assets)
|
|
17.7
|
|
|||
|
255
|
Deutsche Bank
|
||
Annual Report 2022
|
||
CRR/CRD
|
||||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Total shareholders’ equity per accounting balance sheet (IASB IFRS)
|
|
|
||
Difference between equity per IASB IFRS / EU IFRS³
|
|
(
|
||
Total shareholders’ equity per accounting balance sheet (EU IFRS)
|
|
|
||
Deconsolidation/Consolidation of entities
|
|
|
||
Of which:
|
||||
Additional paid-in capital
|
|
|
||
Retained earnings
|
|
|
||
Accumulated other comprehensive income (loss), net of tax
|
|
|
||
Total shareholders' equity per regulatory balance sheet
|
|
|
||
Minority Interests (amount allowed in consolidated CET 1)
|
|
|
||
AT1 coupon and shareholder dividend deduction1
|
(
|
(
|
||
Capital instruments not eligible under CET 1 as per CRR 28(1) (22) 0
|
(
|
0
|
||
Common Equity Tier 1 (CET 1) capital before regulatory adjustments
|
|
|
||
Additional value adjustments
|
(
|
(
|
||
Other prudential filters (other than additional value adjustments)
|
|
(
|
||
Goodwill and other intangible assets (net of related tax liabilities) (negative amount)
|
(
|
(
|
||
Deferred tax assets that rely on future profitability
|
(
|
(
|
||
Defined benefit pension fund assets (net of related tax liabilities) (negative amount)
|
(
|
(
|
||
Direct, indirect and synthetic holdings by the institution of the CET 1 instruments of financial sector entitieswhere the institution has a significant investment in those entities
|
|
|
||
Other regulatory adjustments2
|
(
|
(
|
||
Common Equity Tier 1 capital⁴
|
|
|
||
CRR/CRD
|
||||
in € m.
|
twelve monthsendedDec 31, 2022
|
twelve monthsendedDec 31, 2021
|
||
Common Equity Tier 1 (CET 1) capital - opening amount
|
46,506
|
44,885
|
||
Common shares, net effect
|
(2)
|
0
|
||
Additional paid-in capital
|
(79)
|
(26)
|
||
Retained earnings
|
5,945
|
2,834
|
||
Common shares in treasury, net effect/(+) sales (–) purchase
|
(325)
|
1
|
||
Movements in accumulated other comprehensive income
|
(870)
|
675
|
||
AT1 coupon and shareholder dividend deduction ¹
|
(1,342)
|
(987)
|
||
Additional value adjustments
|
(215)
|
(381)
|
||
Goodwill and other intangible assets (net of related tax liabilities) (negative amount)
|
(127)
|
(262)
|
||
Deferred tax assets that rely on future profitability (excluding those arising from temporary differences)
|
(1,779)
|
(113)
|
||
Negative amounts resulting from the calculation of expected loss amounts
|
107
|
(474)
|
||
Defined benefit pension fund assets (net of related tax liabilities) (negative amount)
|
(158)
|
(219)
|
||
Direct, indirect and synthetic holdings by the institution of the CET 1 instruments of financial sector entitieswhere the institution has a significant investment in those entities
|
0
|
0
|
||
Deferred tax assets arising from temporary differences (amount above 10 % and 15 % threshold,net of related tax liabilities where the conditions in Art. 38 (3) CRR are met)
|
151
|
(77)
|
||
Other, including regulatory adjustments
|
285
|
650
|
||
Common Equity Tier 1 (CET 1) capital - closing amount
|
48,097
|
46,506
|
||
Additional Tier 1 (AT1) Capital – opening amount
|
8,868
|
6,848
|
||
New Additional Tier 1 eligible capital issues
|
1,967
|
2,487
|
||
Matured and called instruments
|
(2,350)
|
(500)
|
||
Other, including regulatory adjustments
|
33
|
33
|
||
Additional Tier 1 (AT1) Capital – closing amount
|
8,518
|
8,868
|
||
Tier 1 capital
|
56,616
|
55,375
|
||
Tier 2 (T2) capital – closing amount
|
9,531
|
7,358
|
||
Total regulatory capital²
|
66,146
|
62,732
|
||
|
256
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||
in € m. (unlessstated otherwise)
|
Exposure value¹
|
Total minimum coverage requirement
|
Available coverage
|
Applicable amount of insufficient coverage
|
||||
Corporate Bank
|
4,378
|
795
|
1,176
|
316
|
||||
Investment Bank
|
14,665
|
8,182
|
10,117
|
383
|
||||
Private Bank
|
6,101
|
1,250
|
2,202
|
315
|
||||
Asset Management
|
0
|
0
|
0
|
0
|
||||
Capital Release Unit
|
142
|
64
|
41
|
32
|
||||
Corporate & Other
|
140
|
2
|
0
|
2
|
||||
Total
|
25,426
|
10,294
|
13,535
|
1,048
|
||||
Dec 31, 2021
|
||||||||
in € m. (unlessstated otherwise)
|
Exposure value¹
|
Total minimum coverage requirement
|
Available coverage
|
Applicable amount of insufficient coverage
|
||||
Corporate Bank
|
3,746
|
626
|
1,109
|
119
|
||||
Investment Bank
|
14,671
|
7,823
|
10,155
|
273
|
||||
Private Bank
|
7,119
|
1,263
|
2,449
|
311
|
||||
Asset Management
|
0
|
0
|
0
|
0
|
||||
Capital Release Unit
|
253
|
120
|
102
|
42
|
||||
Corporate & Other
|
22
|
3
|
0
|
3
|
||||
Total
|
25,811
|
9,835
|
13,816
|
748
|
||||
|
257
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Total
|
|||||||
Credit Risk
|
68,022
|
93,184
|
79,865
|
9,417
|
3,141
|
15,585
|
269,214
|
|||||||
Settlement Risk
|
0
|
63
|
0
|
0
|
0
|
61
|
124
|
|||||||
Credit Valuation Adjustment (CVA)
|
130
|
5,144
|
29
|
4
|
812
|
65
|
6,184
|
|||||||
Market Risk
|
847
|
17,895
|
72
|
28
|
1,493
|
5,796
|
26,131
|
|||||||
Operational Risk
|
5,304
|
23,155
|
7,637
|
3,414
|
18,839
|
0
|
58,349
|
|||||||
Total
|
74,303
|
139,442
|
87,602
|
12,864
|
24,284
|
21,508
|
360,003
|
|||||||
Dec 31, 2021
|
||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Total
|
|||||||
Credit Risk
|
59,588
|
93,125
|
77,632
|
11,017
|
5,426
|
16,964
|
263,752
|
|||||||
Settlement Risk
|
0
|
1
|
0
|
0
|
10
|
49
|
60
|
|||||||
Credit Valuation Adjustment (CVA)
|
120
|
4,879
|
167
|
9
|
1,098
|
55
|
6,327
|
|||||||
Market Risk
|
128
|
17,565
|
40
|
33
|
1,293
|
715
|
19,773
|
|||||||
Operational Risk
|
5,571
|
25,031
|
7,527
|
3,357
|
20,232
|
0
|
61,718
|
|||||||
Total
|
65,406
|
140,600
|
85,366
|
14,415
|
28,059
|
17,783
|
351,629
|
|||||||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||
in € m.
|
Credit risk RWA
|
Capitalrequirements
|
Credit risk RWA
|
Capitalrequirements
|
||||
Credit risk RWA balance, beginning of year
|
263,752
|
21,100
|
222,708
|
17,817
|
||||
Book size
|
(6,254)
|
(500)
|
4,719
|
378
|
||||
Book quality
|
(478)
|
(38)
|
(899)
|
(72)
|
||||
Model updates
|
(179)
|
(14)
|
(97)
|
(8)
|
||||
Methodology and policy
|
8,244
|
659
|
30,172
|
2,414
|
||||
Acquisition and disposals
|
0
|
0
|
131
|
10
|
||||
Foreign exchange movements
|
5,320
|
426
|
6,431
|
514
|
||||
Other
|
(1,191)
|
(95)
|
587
|
47
|
||||
Credit risk RWA balance, end of year
|
269,214
|
21,537
|
263,752
|
21,100
|
||||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||
in € m.
|
Counterpartycredit risk RWA
|
Capitalrequirements
|
Counterpartycredit risk RWA
|
Capitalrequirements
|
||||
Counterparty credit risk RWA balance, beginning of year
|
24,780
|
1,982
|
23,814
|
1,905
|
||||
Book size
|
(1,734)
|
(139)
|
(4,527)
|
(362)
|
||||
Book quality
|
(41)
|
(3)
|
(422)
|
(34)
|
||||
Model updates
|
0
|
0
|
125
|
10
|
||||
Methodology and policy
|
0
|
0
|
4,805
|
384
|
||||
Acquisition and disposals
|
0
|
0
|
0
|
0
|
||||
Foreign exchange movements
|
584
|
47
|
986
|
79
|
||||
Other
|
0
|
0
|
0
|
0
|
||||
Counterparty credit risk RWA balance, end of year
|
23,589
|
1,887
|
24,780
|
1,982
|
||||
|
258
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||
in € m.
|
CVA RWA
|
Capitalrequirements
|
CVA RWA
|
Capitalrequirements
|
||||
CVA RWA balance, beginning of year
|
6,327
|
506
|
8,392
|
671
|
||||
Movement in risk levels
|
1,217
|
97
|
(450)1
|
(36)
|
||||
Market data changes and recalibrations
|
(200)
|
(16)
|
(1,581)
|
(126)
|
||||
Model updates
|
(1,160)
|
(93)
|
0
|
0
|
||||
Methodology and policy
|
0
|
0
|
0
|
0
|
||||
Acquisitions and disposals
|
0
|
0
|
(33)
|
(3)1
|
||||
Foreign exchange movements
|
0
|
0
|
0
|
0
|
||||
CVA RWA balance, end of year
|
6,184
|
495
|
6,3271
|
506
|
||||
Dec 31, 2022
|
||||||||||||
in € m.
|
VaR
|
SVaR
|
IRC
|
Other
|
Total RWA
|
Total capitalrequirements
|
||||||
Market risk RWA balance, beginning of year
|
3,538
|
9,360
|
3,657
|
3,219
|
19,773
|
1,582
|
||||||
Movement in risk levels
|
(175)
|
1,986
|
(17)
|
266
|
2,061
|
165
|
||||||
Market data changes and recalibrations
|
2,651
|
(617)
|
0
|
(593)
|
1,441
|
115
|
||||||
Model updates/changes
|
100
|
(650)
|
0
|
0
|
(550)
|
(44)
|
||||||
Methodology and policy
|
1,299
|
2,142
|
0
|
0
|
3,441
|
275
|
||||||
Acquisitions and disposals
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||
Foreign exchange movements
|
0
|
0
|
0
|
113
|
113
|
9
|
||||||
Other
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||
Market risk RWA balance, end of year
|
7,413
|
12,221
|
3,639
|
2,857
|
26,131
|
2,091
|
||||||
|
259
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||
in € m.
|
VaR
|
SVaR
|
IRC
|
Other
|
Total RWA
|
Total capitalrequirements
|
||||||
Market risk RWA balance, beginning of year
|
12,109
|
6,983
|
7,005
|
2,799
|
28,897
|
2,312
|
||||||
Movement in risk levels
|
(1,067)
|
537
|
(3,349)
|
28
|
(3,850)
|
(308)
|
||||||
Market data changes and recalibrations
|
(4,943)
|
0
|
0
|
334
|
(4,609)
|
(369)
|
||||||
Model updates/changes
|
(2,196)
|
2,675
|
0
|
0
|
479
|
38
|
||||||
Methodology and policy
|
(366)
|
(835)
|
0
|
0
|
(1,201)
|
(96)
|
||||||
Acquisitions and disposals
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||
Foreign exchange movements
|
0
|
0
|
0
|
57
|
57
|
5
|
||||||
Other
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||
Market risk RWA balance, end of year
|
3,538
|
9,360
|
3,657
|
3,219
|
19,773
|
1,582
|
||||||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||
in € m.
|
Operational riskRWA
|
Capitalrequirements
|
Operational riskRWA
|
Capitalrequirements
|
||||
Operational risk RWA balance, beginning of year
|
61,718
|
4,937
|
68,899
|
5,512
|
||||
Loss profile changes (internal and external)
|
(3,405)
|
(272)
|
(8,000)
|
(640)
|
||||
Expected loss development
|
(166)
|
(13)
|
(113)
|
(9)
|
||||
Forward looking risk component
|
794
|
63
|
(278)
|
(22)
|
||||
Model updates
|
(669)
|
(54)
|
1,210
|
97
|
||||
Methodology and policy
|
78
|
6
|
0
|
0
|
||||
Acquisitions and disposals
|
0
|
0
|
0
|
0
|
||||
Operational risk RWA balance, end of year
|
58,349
|
4,668
|
61,718
|
4,937
|
||||
|
260
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.(unless stated otherwise)
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Components of economic capital supply
|
||||
Shareholders' equity
|
61,959
|
58,027
|
||
Noncontrolling interests¹
|
897
|
858
|
||
AT1 coupons deduction
|
(319)
|
(298)
|
||
Gain on sale of securitizations, cash flow hedges
|
790
|
42
|
||
Fair value gains on own debt and debt valuation adjustments, subject to own credit risk
|
(190)
|
(56)
|
||
Additional valuation adjustments
|
(2,026)
|
(1,812)
|
||
Intangible assets
|
(3,677)
|
(3,583)
|
||
IFRS deferred tax assets excl. temporary differences
|
(3,937)
|
(1,653)
|
||
Expected loss shortfall
|
(466)
|
(573)
|
||
Defined benefit pension fund assets
|
(1,176)
|
(991)
|
||
Other adjustments
|
(1,864)
|
(1,492)
|
||
Economic capital supply
|
49,989
|
48,470
|
||
Components of economic capital demand
|
||||
Credit risk
|
11,802
|
11,725
|
||
Market risk
|
6,355
|
7,920
|
||
Operational risk
|
4,668
|
4,937
|
||
Strategic risk
|
1,854
|
3,173
|
||
Diversification benefit
|
(3,778)
|
(4,213)
|
||
Total economic capital demand
|
20,900
|
23,542
|
||
Economic capital adequacy ratio
|
239 %
|
206 %
|
||
|
261
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € bn.
|
Dec 31, 2022
|
Dec 31, 2021 ¹
|
||
Total assets as per published financial statements
|
1,337
|
1,324
|
||
Adjustment for entities which are consolidated for accounting purposes but are outside the scope ofregulatory consolidation
|
2
|
1
|
||
Adjustments for derivative financial instruments
|
(171)
|
(163)
|
||
Adjustment for securities financing transactions (SFTs)
|
1
|
2
|
||
Adjustment for off-balance sheet items (i.e. conversion to credit equivalent amounts of off-balancesheet exposures)
|
128
|
115
|
||
Other adjustments
|
(57)
|
(154)
|
||
Leverage ratio total exposure measure
|
1,240
|
1,125
|
||
in € bn.(unless stated otherwise)
|
Dec 31, 2022
|
Dec 31, 2021 ¹
|
||
Total derivative exposures
|
130
|
138
|
||
Total securities financing transaction exposures
|
96
|
91
|
||
Total off-balance sheet exposures
|
128
|
115
|
||
Other Assets
|
897
|
791
|
||
Asset amounts deducted in determining Tier 1 capital
|
(11)
|
(9)
|
||
Tier 1 capital (fully loaded)²
|
N/M
|
54.8
|
||
Leverage ratio total exposure measure²
|
N/M
|
1,125
|
||
Leverage ratio (fully loaded, in %)²
|
N/M
|
4.9
|
||
Tier 1 capital (phase-in)
|
56.6
|
55.4
|
||
Leverage ratio total exposure measure
|
1,240
|
1,125
|
||
Leverage ratio (phase-in, in %)
|
4.6
|
4.9
|
||
|
262
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
263
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
264
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.(unless stated otherwise)
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Regulatory capital elements of TLAC/MREL
|
||||
Common Equity Tier 1 capital (CET 1)
|
48,097
|
46,506
|
||
Additional Tier 1 (AT1) capital instruments eligible under TLAC/MREL
|
8,518
|
8,868
|
||
Tier 2 (T2) capital instruments eligible under TLAC/MREL
|
||||
Tier 2 (T2) capital instruments before TLAC/MREL adjustments
|
9,531
|
7,358
|
||
Tier 2 (T2) capital instruments adjustments for TLAC/MREL
|
1,898
|
1,208
|
||
Tier 2 (T2) capital instruments eligible under TLAC/MREL
|
11,429
|
8,566
|
||
Total regulatory capital elements of TLAC/MREL
|
68,045
|
63,941
|
||
Other elements of TLAC/MREL
|
||||
Senior non-preferred plain vanilla
|
47,862
|
45,153
|
||
Holdings of eligible liabilities instruments of other G-SIIs (TLAC only)
|
0
|
0
|
||
Total Loss Absorbing Capacity (TLAC)
|
115,907
|
109,094
|
||
Add back of holdings of eligible liabilities instruments of other G-SIIs (TLAC only)
|
0
|
0
|
||
Available Own Funds and subordinated Eligible Liabilities (subordinated MREL)
|
115,907
|
109,094
|
||
Senior preferred plain vanilla
|
4,552
|
5,759
|
||
Senior preferred structured products
|
3,215
|
0
|
||
Available Minimum Own Funds and Eligible Liabilities (MREL)
|
123,674
|
114,853
|
||
Risk Weighted Assets (RWA)
|
360,003
|
351,629
|
||
Leverage Ratio Exposure (LRE)
|
1,240,483
|
1,124,667
|
||
TLAC ratio
|
||||
TLAC ratio (as percentage of RWA)
|
32.20
|
31.03
|
||
TLAC requirement (as percentage of RWA)
|
22.57
|
20.53
|
||
TLAC ratio (as percentage of Leverage Exposure)
|
9.34
|
9.70
|
||
TLAC requirement (as percentage of Leverage Exposure)
|
6.75
|
6.00
|
||
TLAC surplus over RWA requirement
|
34,638
|
36,919
|
||
TLAC surplus over LRE requirement
|
32,174
|
41,614
|
||
MREL subordination
|
||||
MREL subordination ratio (as percentage of RWA)
|
32.20
|
31.03
|
||
MREL subordination requirement (as percentage of RWA)
|
24.85
|
24.79
|
||
Surplus over MREL subordination requirement
|
26,430
|
21,909
|
||
MREL ratio
|
||||
MREL ratio (as percentage of RWA)
|
34.35
|
32.66
|
||
MREL requirement (as percentage of RWA)
|
29.46
|
28.58
|
||
MREL surplus over requirement
|
17,600
|
14,372
|
||
|
265
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
266
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||
Credit Enhancements
|
||||||||||||
in € m.
|
Maximumexposureto credit risk1
|
Subject toimpairment
|
Netting
|
Collateral
|
Guaranteesand Creditderivatives2
|
Total creditenhancements
|
||||||
Financial assets at amortized cost3
|
||||||||||||
Cash and central bank balances
|
|
|
−
|
0
|
−
|
0
|
||||||
Interbank balances (w/o central banks)
|
|
|
−
|
0
|
0
|
0
|
||||||
Central bank funds sold and securities purchased under resale agreements
|
|
|
|
|
−
|
|
||||||
Securities borrowed
|
|
|
−
|
0
|
−
|
0
|
||||||
Loans
|
|
|
−
|
|
|
|
||||||
Other assets subject to credit risk4,5
|
|
|
|
|
|
|
||||||
Total financial assets at amortized cost3
|
|
|
|
|
|
|
||||||
Financial assets at fair value through profit or loss6
|
||||||||||||
Trading assets
|
|
−
|
−
|
|
|
|
||||||
Positive market values from derivative financial instruments
|
|
−
|
|
|
|
|
||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
−
|
|
|
|
|
||||||
Of which:
|
||||||||||||
Securities purchased under resale agreement
|
|
−
|
|
|
0
|
|
||||||
Securities borrowed
|
|
−
|
−
|
|
0
|
|
||||||
Loans
|
|
−
|
−
|
|
|
|
||||||
Financial assets designated at fair value through profit or loss
|
|
−
|
−
|
0
|
|
|
||||||
Total financial assets at fair value through profit or loss
|
|
−
|
|
|
|
|
||||||
Financial assets at fair value through OCI
|
|
|
0
|
|
|
|
||||||
Of which:
|
||||||||||||
Securities purchased under resale agreement
|
|
|
−
|
|
0
|
|
||||||
Securities borrowed
|
0
|
0
|
−
|
0
|
0
|
0
|
||||||
Loans
|
|
|
−
|
|
|
|
||||||
Total financial assets at fair value through OCI
|
|
|
−
|
|
|
|
||||||
Financial guarantees and other credit related contingent liabilities7
|
|
|
−
|
|
|
|
||||||
Revocable and irrevocable lending commitments and other credit related commitments7
|
|
|
−
|
|
|
|
||||||
Total off-balance sheet
|
|
|
−
|
|
|
|
||||||
Maximum exposure to credit risk
|
|
|
|
|
|
|
||||||
|
267
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||
Credit Enhancements
|
||||||||||||
in € m.
|
Maximumexposureto credit risk1
|
Subject toimpairment
|
Netting
|
Collateral
|
Guaranteesand Creditderivatives2
|
Total creditenhancements
|
||||||
Financial assets at amortized cost3
|
||||||||||||
Cash and central bank balances
|
|
|
−
|
0
|
−
|
0
|
||||||
Interbank balances (w/o central banks)
|
|
|
−
|
0
|
0
|
0
|
||||||
Central bank funds sold and securities purchased under resale agreements
|
|
|
−
|
|
−
|
|
||||||
Securities borrowed
|
|
|
−
|
|
−
|
|
||||||
Loans
|
|
|
−
|
|
|
|
||||||
Other assets subject to credit risk4,5
|
|
|
|
|
|
|
||||||
Total financial assets at amortized cost3
|
|
|
|
|
|
|
||||||
Financial assets at fair value through profit or loss6
|
||||||||||||
Trading assets
|
|
−
|
−
|
|
|
|
||||||
Positive market values from derivative financial instruments
|
|
−
|
|
|
|
|
||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
−
|
|
|
|
|
||||||
Of which:
|
||||||||||||
Securities purchased under resale agreement
|
|
−
|
|
|
0
|
|
||||||
Securities borrowed
|
|
−
|
−
|
|
0
|
|
||||||
Loans
|
|
−
|
−
|
|
|
|
||||||
Financial assets designated at fair value through profit or loss
|
|
−
|
−
|
0
|
|
|
||||||
Total financial assets at fair value through profit or loss
|
|
−
|
|
|
|
|
||||||
Financial assets at fair value through OCI
|
|
|
0
|
2,0978
|
|
|
||||||
Of which:
|
||||||||||||
Securities purchased under resale agreement
|
|
|
−
|
1,1868
|
0
|
|
||||||
Securities borrowed
|
0
|
0
|
−
|
0
|
0
|
0
|
||||||
Loans
|
|
|
−
|
|
|
|
||||||
Total financial assets at fair value through OCI
|
|
|
−
|
|
|
|
||||||
Financial guarantees and other credit related contingent liabilities7
|
|
|
−
|
|
|
|
||||||
Revocable and irrevocable lending commitments and other credit related commitments7
|
|
|
−
|
|
|
|
||||||
Total off-balance sheet
|
|
|
−
|
|
|
|
||||||
Maximum exposure to credit risk
|
|
|
|
|
|
|
||||||
|
268
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
Loans
|
Off-balance sheet
|
OTC derivatives
|
||||||||||||
in € m.
|
at amortized cost1
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI2
|
Revocable andirrevocablelendingcommitments3
|
Contingentliabilities
|
at fair value through P&L4
|
|||||||
Corporate Bank
|
|
|
|
|
|
|
|
|||||||
Investment Bank
|
|
|
|
|
|
|
|
|||||||
Private Bank
|
|
|
|
|
|
|
|
|||||||
Asset Management
|
|
|
|
|
|
|
|
|||||||
Capital Release Unit
|
|
|
|
|
|
|
|
|||||||
Corporate & Other
|
|
|
|
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
Dec 31, 2022
|
||||||||||||||
Debt Securities
|
Repo and repo-style transactions7
|
Total
|
||||||||||||
in € m.
|
at amortized cost5
|
at fair valuethrough P&L
|
at fair valuethrough OCI6
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
||||||||
Corporate Bank
|
|
|
|
|
|
|
|
|||||||
Investment Bank
|
|
|
|
|
|
|
|
|||||||
Private Bank
|
|
|
|
|
|
|
|
|||||||
Asset Management
|
|
|
|
|
|
|
|
|||||||
Capital Release Unit
|
|
|
|
|
|
|
|
|||||||
Corporate & Other
|
|
|
|
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
269
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||
Loans
|
Off-balance sheet
|
OTC derivatives
|
||||||||||||
in € m.
|
at amortized cost1
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI2
|
Revocable andirrevocablelendingcommitments3
|
Contingentliabilities
|
at fair value through P&L4
|
|||||||
Corporate Bank
|
|
|
|
|
|
|
|
|||||||
Investment Bank
|
|
|
|
|
|
|
|
|||||||
Private Bank
|
|
|
|
|
|
|
|
|||||||
Asset Management
|
|
|
|
|
|
|
|
|||||||
Capital Release Unit
|
|
|
|
|
|
|
|
|||||||
Corporate & Other
|
|
|
|
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
Dec 31, 2021
|
||||||||||||||
Debt Securities
|
Repo and repo-style transactions7
|
Total
|
||||||||||||
in € m.
|
at amortized cost5
|
at fair valuethrough P&L
|
at fair valuethrough OCI6
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
||||||||
Corporate Bank
|
|
|
|
|
|
|
|
|||||||
Investment Bank
|
|
|
|
|
|
|
|
|||||||
Private Bank
|
|
|
|
|
|
|
|
|||||||
Asset Management
|
|
|
|
|
|
|
|
|||||||
Capital Release Unit
|
|
|
|
|
|
|
|
|||||||
Corporate & Other
|
|
|
|
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
270
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
Loans
|
Off-balance sheet
|
OTC derivatives
|
||||||||||||
in € m.
|
at amortizedcost1
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI2
|
Revocable andirrevocablelendingcommitments3
|
Contingentliabilities
|
at fair value through P&L4
|
|||||||
Agriculture, forestry and fishing
|
|
|
0
|
0
|
|
|
|
|||||||
Mining and quarrying
|
|
|
|
0
|
|
|
|
|||||||
Manufacturing
|
|
|
|
|
|
|
|
|||||||
Electricity, gas, steam and air conditioning supply
|
|
|
|
|
|
|
|
|||||||
Water supply, sewerage, waste management and remediation activities
|
|
0
|
0
|
0
|
|
|
|
|||||||
Construction
|
|
|
0
|
|
|
|
|
|||||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
|
|
|
|
|
|
|
|||||||
Transport and storage
|
|
|
|
|
|
|
|
|||||||
Accommodation and food service activities
|
|
|
0
|
0
|
|
|
|
|||||||
Information and communication
|
|
|
|
|
|
|
|
|||||||
Financial and insurance activities⁸
|
|
|
|
|
|
|
|
|||||||
Real estate activities⁹
|
|
|
|
|
|
|
|
|||||||
Professional, scientific and technical activities
|
|
|
0
|
0
|
|
|
|
|||||||
Administrative and support service activities
|
|
|
|
|
|
|
|
|||||||
Public administration and defense, compulsory social security
|
|
|
|
|
|
|
|
|||||||
Education
|
|
|
0
|
0
|
|
|
|
|||||||
Human health services and social work activities
|
|
|
0
|
0
|
|
|
|
|||||||
Arts, entertainment and recreation
|
|
|
0
|
|
|
|
|
|||||||
Other service activities
|
|
|
|
|
|
|
|
|||||||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
|
0
|
0
|
|
|
|
|
|||||||
Activities of extraterritorial organizations and bodies
|
|
0
|
0
|
0
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
271
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
Debt Securities
|
Repo and repo-style transactions7
|
Total
|
||||||||||||
in € m.
|
at amortized cost5
|
at fair valuethrough P&L
|
at fair valuethrough OCI6
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
||||||||
Agriculture, forestry and fishing
|
0
|
|
0
|
0
|
0
|
0
|
|
|||||||
Mining and quarrying
|
|
|
|
0
|
0
|
0
|
|
|||||||
Manufacturing
|
|
|
|
0
|
0
|
0
|
|
|||||||
Electricity, gas, steam and air conditioning supply
|
|
|
|
|
0
|
0
|
|
|||||||
Water supply, sewerage, waste management and remediation activities
|
0
|
|
0
|
0
|
0
|
0
|
|
|||||||
Construction
|
|
|
|
0
|
0
|
0
|
|
|||||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
0
|
|
|
0
|
0
|
0
|
|
|||||||
Transport and storage
|
|
|
|
0
|
0
|
0
|
|
|||||||
Accommodation and food service activities
|
0
|
|
0
|
0
|
0
|
0
|
|
|||||||
Information and communication
|
|
|
|
0
|
0
|
0
|
|
|||||||
Financial and insurance activities⁸
|
|
|
|
|
|
|
|
|||||||
Real estate activities⁹
|
|
|
|
0
|
0
|
0
|
|
|||||||
Professional, scientific and technical activities
|
|
|
|
0
|
0
|
0
|
|
|||||||
Administrative and support service activities
|
|
|
|
0
|
0
|
0
|
|
|||||||
Public administration and defense, compulsory social security
|
|
|
|
0
|
|
0
|
|
|||||||
Education
|
0
|
|
|
0
|
0
|
0
|
|
|||||||
Human health services and social work activities
|
|
|
|
0
|
0
|
0
|
|
|||||||
Arts, entertainment and recreation
|
0
|
|
0
|
0
|
0
|
0
|
|
|||||||
Other service activities
|
|
|
|
0
|
|
0
|
|
|||||||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|||||||
Activities of extraterritorial organizations and bodies
|
|
|
|
0
|
0
|
0
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
272
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||
Loans
|
Off-balance sheet
|
OTC derivatives
|
||||||||||||
in € m.
|
at amortized cost1
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI2
|
Revocable andirrevocablelendingcommitments3
|
Contingentliabilities
|
at fair value through P&L4
|
|||||||
Agriculture, forestry and fishing
|
|
|
0
|
0
|
|
|
|
|||||||
Mining and quarrying
|
|
|
0
|
|
|
|
|
|||||||
Manufacturing
|
|
|
|
|
|
|
|
|||||||
Electricity, gas, steam and air conditioning supply
|
|
|
|
0
|
|
|
|
|||||||
Water supply, sewerage, waste management and remediation activities
|
|
0
|
0
|
0
|
|
|
|
|||||||
Construction
|
|
|
|
|
|
|
|
|||||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
|
|
|
|
|
|
|
|||||||
Transport and storage
|
|
|
|
|
|
|
|
|||||||
Accommodation and food service activities
|
|
|
0
|
|
|
|
|
|||||||
Information and communication
|
|
|
|
|
|
|
|
|||||||
Financial and insurance activities⁸
|
|
|
|
|
|
|
|
|||||||
Real estate activities⁹
|
|
|
|
|
|
|
|
|||||||
Professional, scientific and technical activities
|
|
|
0
|
0
|
|
|
|
|||||||
Administrative and support service activities
|
|
|
|
|
|
|
|
|||||||
Public administration and defense, compulsory social security
|
|
|
|
|
|
|
|
|||||||
Education
|
|
0
|
0
|
0
|
|
|
|
|||||||
Human health services and social work activities
|
|
|
|
0
|
|
|
|
|||||||
Arts, entertainment and recreation
|
|
|
0
|
0
|
|
|
|
|||||||
Other service activities
|
|
|
|
|
|
|
|
|||||||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
|
0
|
0
|
|
|
|
|
|||||||
Activities of extraterritorial organizations and bodies
|
|
0
|
0
|
0
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
273
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||
Debt Securities
|
Repo and repo-style transactions7
|
Total
|
||||||||||||
in € m.
|
at amortized cost5
|
at fair valuethrough P&L
|
at fair valuethrough OCI6
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
||||||||
Agriculture, forestry and fishing
|
0
|
|
0
|
0
|
0
|
0
|
|
|||||||
Mining and quarrying
|
|
|
|
0
|
0
|
0
|
|
|||||||
Manufacturing
|
|
|
|
0
|
0
|
0
|
|
|||||||
Electricity, gas, steam and air conditioning supply
|
|
|
|
0
|
0
|
0
|
|
|||||||
Water supply, sewerage, waste management and remediation activities
|
0
|
|
0
|
0
|
0
|
0
|
|
|||||||
Construction
|
|
|
|
0
|
0
|
0
|
|
|||||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
|
|
|
0
|
0
|
0
|
|
|||||||
Transport and storage
|
|
|
|
0
|
0
|
0
|
|
|||||||
Accommodation and food service activities
|
0
|
|
|
0
|
0
|
0
|
|
|||||||
Information and communication
|
|
|
|
0
|
0
|
0
|
|
|||||||
Financial and insurance activities⁸
|
|
|
|
|
|
|
|
|||||||
Real estate activities⁹
|
|
|
|
0
|
0
|
0
|
|
|||||||
Professional, scientific and technical activities
|
|
|
|
0
|
0
|
0
|
|
|||||||
Administrative and support service activities
|
|
|
|
0
|
0
|
0
|
|
|||||||
Public administration and defense, compulsory social security
|
|
|
|
0
|
|
0
|
|
|||||||
Education
|
0
|
|
0
|
0
|
0
|
0
|
|
|||||||
Human health services and social work activities
|
0
|
|
0
|
0
|
0
|
0
|
|
|||||||
Arts, entertainment and recreation
|
0
|
|
0
|
0
|
0
|
0
|
|
|||||||
Other service activities
|
|
|
|
|
|
0
|
|
|||||||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|||||||
Activities of extraterritorial organizations and bodies
|
|
|
|
0
|
0
|
0
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
274
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
275
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
Loans
|
Off-balance sheet
|
OTC derivatives
|
||||||||||||
in € m.
|
at amortized cost1
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI2
|
Revocableand irrevo-cable lendingcommitments3
|
Contingentliabilities
|
at fair value through P&L4
|
|||||||
Europe
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
Germany
|
|
|
|
|
|
|
|
|||||||
United Kingdom
|
|
|
|
|
|
|
|
|||||||
France
|
|
|
|
|
|
|
|
|||||||
Luxembourg
|
|
|
|
|
|
|
|
|||||||
Italy
|
|
|
|
|
|
|
|
|||||||
Netherlands
|
|
|
|
|
|
|
|
|||||||
Spain
|
|
|
|
|
|
|
|
|||||||
Ireland
|
|
|
|
|
|
|
|
|||||||
Switzerland
|
|
|
0
|
|
|
|
|
|||||||
Poland
|
|
0
|
0
|
|
|
|
|
|||||||
Belgium
|
|
|
0
|
|
|
|
|
|||||||
Russian Federation⁸
|
|
|
0
|
|
|
|
0
|
|||||||
Ukraine⁸
|
|
|
0
|
0
|
|
|
0
|
|||||||
Other Europe⁸
|
|
|
|
|
|
|
|
|||||||
North America
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
U.S.
|
|
|
|
|
|
|
|
|||||||
Cayman Islands
|
|
|
|
|
|
|
|
|||||||
Canada
|
|
|
|
|
|
|
|
|||||||
Other North America
|
|
|
|
|
|
|
|
|||||||
Asia/Pacific
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
Japan
|
|
|
|
|
|
|
|
|||||||
Australia
|
|
|
0
|
0
|
|
|
|
|||||||
India
|
|
|
|
|
|
|
|
|||||||
China
|
|
|
|
|
|
|
|
|||||||
Singapore
|
|
|
|
|
|
|
|
|||||||
Hong Kong
|
|
|
0
|
|
|
|
|
|||||||
Other Asia/Pacific
|
|
|
|
|
|
|
|
|||||||
Other geographical areas
|
|
|
|
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
276
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
Debt Securities
|
Repo and repo-style transactions7
|
Total
|
||||||||||||
in € m.
|
at amortized cost5
|
at fair valuethrough P&L
|
at fair valuethrough OCI6
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
||||||||
Europe
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
Germany
|
|
|
|
|
|
|
|
|||||||
United Kingdom
|
|
|
|
|
|
|
|
|||||||
France
|
|
|
|
|
|
|
|
|||||||
Luxembourg
|
|
|
|
|
|
|
|
|||||||
Italy
|
|
|
|
|
|
|
|
|||||||
Netherlands
|
|
|
|
|
|
|
|
|||||||
Spain
|
|
|
|
|
|
|
|
|||||||
Ireland
|
|
|
|
|
|
|
|
|||||||
Switzerland
|
|
|
|
|
|
|
|
|||||||
Poland
|
|
|
|
|
|
|
|
|||||||
Belgium
|
|
|
|
|
|
|
|
|||||||
Russian Federation⁸
|
|
|
|
|
|
|
|
|||||||
Ukraine⁸
|
|
|
|
|
|
|
|
|||||||
Other Europe⁸
|
|
|
|
|
|
|
|
|||||||
North America
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
U.S.
|
|
|
|
|
|
|
|
|||||||
Cayman Islands
|
|
|
|
|
|
|
|
|||||||
Canada
|
|
|
|
|
|
|
|
|||||||
Other North America
|
|
|
|
|
|
|
|
|||||||
Asia/Pacific
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
Japan
|
|
|
|
|
|
0
|
|
|||||||
Australia
|
|
|
|
0
|
|
0
|
|
|||||||
India
|
|
|
|
0
|
|
|
|
|||||||
China
|
0
|
|
|
0
|
|
0
|
|
|||||||
Singapore
|
|
|
|
0
|
|
0
|
|
|||||||
Hong Kong
|
|
|
|
0
|
|
0
|
|
|||||||
Other Asia/Pacific
|
|
|
|
|
|
|
|
|||||||
Other geographical areas
|
|
|
|
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
277
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||
Loans
|
Off-balance sheet
|
OTC derivatives
|
||||||||||||
in € m.
|
at amortized cost1
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI2
|
Revocableand irrevo-cable lendingcommitments3
|
Contingentliabilities
|
at fair value through P&L4
|
|||||||
Europe
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
Germany
|
|
|
|
|
|
|
|
|||||||
United Kingdom
|
|
|
|
|
|
|
|
|||||||
France
|
|
|
|
|
|
|
|
|||||||
Luxembourg
|
|
|
|
|
|
|
|
|||||||
Italy
|
|
|
|
0
|
|
|
|
|||||||
Netherlands
|
|
|
|
|
|
|
|
|||||||
Spain
|
|
|
0
|
|
|
|
|
|||||||
Ireland
|
|
|
|
|
|
|
|
|||||||
Switzerland
|
|
|
0
|
|
|
|
|
|||||||
Poland
|
|
0
|
0
|
|
|
|
|
|||||||
Belgium
|
|
|
0
|
|
|
|
|
|||||||
Russian Federation⁸
|
|
|
0
|
|
|
|
|
|||||||
Ukraine⁸
|
|
|
0
|
0
|
|
|
0
|
|||||||
Other Europe⁸ ¹¹
|
|
|
|
|
|
|
|
|||||||
North America
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
U.S.
|
|
|
|
|
|
|
|
|||||||
Cayman Islands
|
|
|
|
0
|
|
|
|
|||||||
Canada
|
|
|
0
|
|
|
|
|
|||||||
Other North America
|
|
|
|
|
|
|
|
|||||||
Asia/Pacific
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
Japan
|
|
|
|
|
|
|
|
|||||||
Australia
|
|
|
|
0
|
|
|
|
|||||||
India
|
|
|
|
|
|
|
|
|||||||
China
|
|
|
0
|
|
|
|
|
|||||||
Singapore
|
|
|
|
|
|
|
|
|||||||
Hong Kong
|
|
|
|
|
|
|
|
|||||||
Other Asia/Pacific
|
|
|
|
|
|
|
|
|||||||
Other geographical areas
|
|
|
|
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
278
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||
Debt Securities
|
Repo and repo-style transactions7
|
Total
|
||||||||||||
in € m.
|
at amortized cost5
|
at fair valuethrough P&L
|
at fair valuethrough OCI6
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
||||||||
Europe
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
Germany
|
|
|
|
|
|
|
|
|||||||
United Kingdom
|
|
|
|
|
|
0
|
|
|||||||
France
|
0
|
|
|
|
|
0
|
|
|||||||
Luxembourg
|
|
|
|
0
|
|
0
|
|
|||||||
Italy
|
|
|
|
|
|
0
|
|
|||||||
Netherlands
|
|
|
|
|
|
0
|
|
|||||||
Spain
|
|
|
|
|
|
0
|
|
|||||||
Ireland
|
|
|
|
|
|
0
|
|
|||||||
Switzerland
|
|
|
|
0
|
|
0
|
|
|||||||
Poland
|
0
|
|
|
0
|
|
0
|
|
|||||||
Belgium
|
|
|
|
0
|
|
0
|
|
|||||||
Russian Federation⁸
|
0
|
|
|
0
|
0
|
0
|
|
|||||||
Ukraine⁸
|
0
|
|
|
0
|
0
|
0
|
|
|||||||
Other Europe⁸ ¹¹
|
|
|
|
|
|
|
|
|||||||
North America
|
|
|
|
|
|
0
|
|
|||||||
Of which:
|
||||||||||||||
U.S.
|
|
|
|
|
|
0
|
|
|||||||
Cayman Islands
|
0
|
|
0
|
|
|
0
|
|
|||||||
Canada
|
0
|
|
|
0
|
|
0
|
|
|||||||
Other North America
|
|
|
|
0
|
|
0
|
|
|||||||
Asia/Pacific
|
|
|
|
|
|
|
|
|||||||
Of which:
|
||||||||||||||
Japan
|
|
|
|
0
|
|
0
|
|
|||||||
Australia
|
|
|
|
0
|
|
0
|
|
|||||||
India
|
|
|
|
0
|
|
|
|
|||||||
China
|
|
|
|
0
|
|
0
|
|
|||||||
Singapore
|
|
|
|
0
|
|
0
|
|
|||||||
Hong Kong
|
|
|
|
0
|
|
0
|
|
|||||||
Other Asia/Pacific
|
|
|
|
|
|
|
|
|||||||
Other geographical areas
|
|
|
|
|
|
|
|
|||||||
Total
|
|
|
|
|
|
|
|
|||||||
|
279
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||||
in € m.(unless stated otherwise)
|
Loans
|
Off-balance sheet
|
OTC derivatives
|
|||||||||||||
Ratingband
|
Probabilityof default in %1
|
at amortized cost
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI
|
Revocableand irrevo-cable lendingcommitments
|
Contingentliabilities
|
at fair value through P&L2
|
||||||||
iAAA–iAA
|
> 0.00 ≤ 0.04
|
22,753
|
179
|
128
|
137
|
32,252
|
6,145
|
8,138
|
||||||||
iA
|
> 0.04 ≤ 0.11
|
43,603
|
344
|
282
|
1,481
|
56,873
|
28,877
|
9,535
|
||||||||
iBBB
|
> 0.11 ≤ 0.5
|
58,909
|
974
|
249
|
1,476
|
64,674
|
17,103
|
4,040
|
||||||||
iBB
|
> 0.5 ≤ 2.27
|
59,719
|
2,446
|
143
|
744
|
30,618
|
7,168
|
2,179
|
||||||||
iB
|
> 2.27 ≤ 10.22
|
30,926
|
2,196
|
101
|
141
|
19,330
|
3,589
|
478
|
||||||||
iCCC and below
|
> 10.22 ≤ 100
|
8,706
|
1,555
|
291
|
89
|
2,851
|
1,767
|
55
|
||||||||
Total
|
224,616
|
7,694
|
1,195
|
4,069
|
206,598
|
64,649
|
24,425
|
|||||||||
Dec 31, 2022
|
||||||||||||||||
in € m.(unless stated otherwise)
|
Debt Securities
|
Repo and repo-style transactions
|
||||||||||||||
Ratingband
|
Probabilityof default in %1
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
Total
|
||||||||
iAAA–iAA
|
> 0.00 ≤ 0.04
|
1,565
|
45,619
|
150
|
1,110
|
33,990
|
−
|
152,166
|
||||||||
iA
|
> 0.04 ≤ 0.11
|
1,850
|
10,753
|
217
|
3,366
|
14,134
|
−
|
171,315
|
||||||||
iBBB
|
> 0.11 ≤ 0.5
|
661
|
11,597
|
75
|
2,884
|
9,435
|
−
|
172,078
|
||||||||
iBB
|
> 0.5 ≤ 2.27
|
664
|
12,999
|
727
|
2,714
|
16,825
|
−
|
136,946
|
||||||||
iB
|
> 2.27 ≤ 10.22
|
347
|
1,502
|
421
|
1,404
|
279
|
−
|
60,714
|
||||||||
iCCC and below
|
> 10.22 ≤ 100
|
331
|
489
|
15
|
0
|
0
|
−
|
16,150
|
||||||||
Total
|
5,417
|
82,960
|
1,606
|
11,479
|
74,662
|
−
|
709,370
|
|||||||||
Dec 31, 2022¹
|
||||||||||||||||
in € m.(unless stated otherwise)
|
Loans
|
Off-balance sheet
|
OTC derivatives
|
|||||||||||||
Ratingband
|
Probabilityof default in %2
|
at amortized cost
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI
|
Revocableand irrevo-cable lendingcommitments
|
Contingentliabilities
|
at fair valuethrough P&L
|
||||||||
iAAA–iAA
|
> 0.00 ≤ 0.04
|
12,790
|
179
|
100
|
24
|
31,486
|
4,128
|
3,414
|
||||||||
iA
|
> 0.04 ≤ 0.11
|
32,026
|
87
|
282
|
1,354
|
55,080
|
26,877
|
7,069
|
||||||||
iBBB
|
> 0.11 ≤ 0.5
|
29,648
|
592
|
134
|
1,020
|
60,166
|
13,600
|
2,779
|
||||||||
iBB
|
> 0.5 ≤ 2.27
|
24,889
|
1,479
|
101
|
538
|
27,922
|
5,724
|
1,831
|
||||||||
iB
|
> 2.27 ≤ 10.22
|
9,078
|
1,553
|
51
|
132
|
17,751
|
2,262
|
424
|
||||||||
iCCC and below
|
> 10.22 ≤ 100
|
4,025
|
1,047
|
123
|
89
|
2,765
|
984
|
49
|
||||||||
Total
|
112,456
|
4,936
|
791
|
3,157
|
195,169
|
53,576
|
15,566
|
|||||||||
Dec 31, 2022¹
|
||||||||||||||||
in € m.(unless stated otherwise)
|
Debt Securities
|
Repo and repo-style transactions
|
||||||||||||||
Ratingband
|
Probabilityof default in %2
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
Total
|
||||||||
iAAA–iAA
|
> 0.00 ≤ 0.04
|
1,565
|
45,619
|
150
|
11
|
0
|
−
|
99,465
|
||||||||
iA
|
> 0.04 ≤ 0.11
|
1,850
|
10,753
|
217
|
180
|
47
|
−
|
135,823
|
||||||||
iBBB
|
> 0.11 ≤ 0.5
|
661
|
11,263
|
75
|
0
|
174
|
−
|
120,113
|
||||||||
iBB
|
> 0.5 ≤ 2.27
|
391
|
12,687
|
202
|
171
|
1,909
|
−
|
77,845
|
||||||||
iB
|
> 2.27 ≤ 10.22
|
143
|
922
|
368
|
0
|
0
|
−
|
32,682
|
||||||||
iCCC and below
|
> 10.22 ≤ 100
|
120
|
394
|
15
|
0
|
0
|
−
|
9,611
|
||||||||
Total
|
4,730
|
81,638
|
1,028
|
362
|
2,130
|
−
|
475,539
|
|||||||||
|
280
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||||
in € m.(unless stated otherwise)
|
Loans
|
Off-balance sheet
|
OTC derivatives
|
|||||||||||||
Ratingband
|
Probabilityof default in %1
|
at amortized cost
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI
|
Revocableand irrevo-cable lendingcommitments
|
Contingentliabilities
|
at fair value through P&L2
|
||||||||
iAAA–iAA
|
> 0.00 ≤ 0.04
|
23,066
|
130
|
13
|
159
|
26,7533
|
3,545
|
4,008
|
||||||||
iA
|
> 0.04 ≤ 0.11
|
41,041
|
138
|
202
|
1,151
|
57,5573
|
27,267
|
4,503
|
||||||||
iBBB
|
> 0.11 ≤ 0.5
|
61,562
|
789
|
192
|
1,967
|
57,3003
|
14,362
|
2,710
|
||||||||
iBB
|
> 0.5 ≤ 2.27
|
51,617
|
4,058
|
296
|
857
|
26,794
|
6,799
|
5,923
|
||||||||
iB
|
> 2.27 ≤ 10.22
|
29,606
|
2,333
|
111
|
207
|
22,360
|
3,479
|
373
|
||||||||
iCCC and below
|
> 10.22 ≤ 100
|
8,385
|
1,397
|
198
|
29
|
3,247
|
1,872
|
90
|
||||||||
Total
|
215,276
|
8,845
|
1,013
|
4,370
|
194,011
|
57,324
|
17,606
|
|||||||||
Dec 31, 2021
|
||||||||||||||||
in € m.(unless stated otherwise)
|
Debt Securities
|
Repo and repo-style transactions
|
||||||||||||||
Ratingband
|
Probabilityof default in %1
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
Total
|
||||||||
iAAA–iAA
|
> 0.00 ≤ 0.04
|
1,253
|
49,214
|
0
|
473
|
35,615
|
−
|
144,229
|
||||||||
iA
|
> 0.04 ≤ 0.11
|
1,433
|
11,698
|
108
|
1,127
|
17,831
|
−
|
164,056
|
||||||||
iBBB
|
> 0.11 ≤ 0.5
|
439
|
11,786
|
90
|
2,035
|
9,144
|
−
|
162,378
|
||||||||
iBB
|
> 0.5 ≤ 2.27
|
265
|
13,621
|
225
|
1,844
|
11,363
|
−
|
123,659
|
||||||||
iB
|
> 2.27 ≤ 10.22
|
357
|
1,745
|
590
|
1,475
|
361
|
−
|
62,995
|
||||||||
iCCC and below
|
> 10.22 ≤ 100
|
423
|
643
|
32
|
600
|
128
|
−
|
17,045
|
||||||||
Total
|
4,171
|
88,707
|
1,045
|
7,554
|
74,441
|
−
|
674,362
|
|||||||||
Dec 31, 2021¹
|
||||||||||||||||
in € m.(unless stated otherwise)
|
Loans
|
Off-balance sheet
|
OTC derivatives
|
|||||||||||||
Ratingband
|
Probabilityof default in %2
|
at amortized cost
|
trading -at fair valuethrough P&L
|
Designated /mandatory atfair valuethrough P&L
|
at fair valuethrough OCI
|
Revocableand irrevo-cable lendingcommitments
|
Contingentliabilities
|
at fair valuethrough P&L
|
||||||||
iAAA–iAA
|
> 0.00 ≤ 0.04
|
16,959
|
130
|
13
|
45
|
25,5623
|
2,664
|
2,518
|
||||||||
iA
|
> 0.04 ≤ 0.11
|
31,570
|
53
|
202
|
998
|
55,4213
|
24,751
|
3,087
|
||||||||
iBBB
|
> 0.11 ≤ 0.5
|
32,646
|
633
|
89
|
1,752
|
54,1263
|
12,207
|
2,287
|
||||||||
iBB
|
> 0.5 ≤ 2.27
|
26,315
|
2,451
|
208
|
435
|
24,316
|
5,343
|
5,843
|
||||||||
iB
|
> 2.27 ≤ 10.22
|
10,221
|
1,551
|
45
|
167
|
21,138
|
2,236
|
370
|
||||||||
iCCC and below
|
> 10.22 ≤ 100
|
4,336
|
961
|
67
|
29
|
3,079
|
1,095
|
90
|
||||||||
Total
|
122,047
|
5,779
|
624
|
3,427
|
183,642
|
48,295
|
14,195
|
|||||||||
Dec 31, 2021¹
|
||||||||||||||||
in € m.(unless stated otherwise)
|
Debt Securities
|
Repo and repo-style transactions
|
||||||||||||||
Ratingband
|
Probabilityof default in %2
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
at amortized cost
|
at fair valuethrough P&L
|
at fair valuethrough OCI
|
Total
|
||||||||
iAAA–iAA
|
> 0.00 ≤ 0.04
|
1,253
|
49,214
|
0
|
16
|
0
|
−
|
98,375
|
||||||||
iA
|
> 0.04 ≤ 0.11
|
1,433
|
11,698
|
108
|
0
|
22
|
−
|
129,344
|
||||||||
iBBB
|
> 0.11 ≤ 0.5
|
439
|
11,773
|
90
|
67
|
22
|
−
|
116,130
|
||||||||
iBB
|
> 0.5 ≤ 2.27
|
260
|
13,583
|
225
|
14
|
259
|
−
|
79,252
|
||||||||
iB
|
> 2.27 ≤ 10.22
|
334
|
1,745
|
590
|
0
|
0
|
−
|
38,397
|
||||||||
iCCC and below
|
> 10.22 ≤ 100
|
361
|
621
|
32
|
0
|
0
|
−
|
10,672
|
||||||||
Total
|
4,080
|
88,635
|
1,045
|
97
|
304
|
−
|
472,169
|
|||||||||
|
281
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Total exposurein € m.
|
of which loan bookin € m.
|
Credit exposure stage 3in € m.
|
Net credit costsas a % of total exposure¹
|
|||||||||||||
Dec 31, 2022
|
Dec 31, 2021
|
Dec 31, 2022
|
Dec 31, 2021
|
Dec 31, 2022
|
Dec 31, 2021
|
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||
PB Germany
|
198,102
|
194,486
|
174,611
|
169,639
|
2,632
|
2,668
|
0.11%
|
0.12%
|
||||||||
Consumer Finance
|
29,529
|
29,638
|
15,594
|
15,360
|
1,373
|
1,446
|
0.80%
|
0.77%
|
||||||||
Mortgage
|
163,611
|
159,825
|
155,249
|
150,082
|
1,163
|
1,187
|
(0.01%)
|
0.00%
|
||||||||
Business Finance
|
1,292
|
1,310
|
898
|
905
|
6
|
7
|
0.04%
|
0.07%
|
||||||||
Other
|
3,670
|
3,713
|
2,870
|
3,291
|
90
|
27
|
0.00%
|
0.01%
|
||||||||
International Private Bank
|
114,243
|
102,556
|
90,283
|
84,800
|
3,401
|
4,037
|
0.32%
|
0.21%
|
||||||||
Consumer Finance
|
10,972
|
11,007
|
8,894
|
8,940
|
378
|
435
|
1.11%
|
0.71%
|
||||||||
Mortgage
|
12,133
|
12,950
|
12,033
|
12,889
|
431
|
701
|
(0.05%)
|
0.21%
|
||||||||
Business Finance
|
15,130
|
13,226
|
12,898
|
11,320
|
1,048
|
968
|
0.76%
|
0.83%
|
||||||||
Wealth Management
|
75,214
|
64,553
|
56,425
|
51,570
|
1,543
|
1,933
|
0.17%
|
0.00%
|
||||||||
Other
|
794
|
819
|
33
|
81
|
0
|
0
|
0.02%
|
(0.01%)
|
||||||||
Total
|
312,345
|
297,041
|
264,893
|
254,439
|
6,033
|
6,705
|
0.19%
|
0.15%
|
||||||||
|
282
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||
≤ 50 %
|
63 %
|
64 %
|
||
> 50 ≤ 70 %
|
17 %
|
17 %
|
||
> 70 ≤ 90 %
|
11 %
|
10 %
|
||
> 90 ≤ 100 %
|
3 %
|
3 %
|
||
> 100 ≤ 110 %
|
2 %
|
2 %
|
||
> 110 ≤ 130 %
|
2 %
|
2 %
|
||
> 130 %
|
2 %
|
2 %
|
||
|
283
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
Notional amount maturity distribution
|
||||||||||||||
in € m.
|
Within 1 year
|
> 1 and≤ 5 years
|
After 5 years
|
Total
|
Positivemarketvalue
|
Negativemarketvalue
|
Netmarketvalue
|
|||||||
Interest rate related:
|
||||||||||||||
OTC
|
14,487,820
|
10,421,941
|
7,332,258
|
32,242,019
|
144,155
|
132,350
|
11,805
|
|||||||
Bilateral (Amt)
|
1,422,223
|
2,200,127
|
1,501,758
|
5,124,107
|
118,768
|
107,854
|
10,914
|
|||||||
CCP (Amt)
|
13,065,597
|
8,221,814
|
5,830,501
|
27,117,911
|
25,387
|
24,496
|
891
|
|||||||
Exchange-traded
|
515,543
|
117,763
|
45
|
633,351
|
663
|
624
|
39
|
|||||||
Total Interest rate related
|
15,003,362
|
10,539,704
|
7,332,304
|
32,875,370
|
144,818
|
132,974
|
11,844
|
|||||||
Currency related:
|
||||||||||||||
OTC
|
6,368,113
|
1,007,862
|
403,215
|
7,779,190
|
141,531
|
135,670
|
5,861
|
|||||||
Bilateral (Amt)
|
6,246,281
|
998,771
|
403,037
|
7,648,090
|
140,039
|
134,420
|
5,619
|
|||||||
CCP (Amt)
|
121,831
|
9,090
|
178
|
131,100
|
1,492
|
1,250
|
242
|
|||||||
Exchange-traded
|
19,869
|
0
|
0
|
19,869
|
17
|
20
|
(3)
|
|||||||
Total Currency related
|
6,387,981
|
1,007,862
|
403,215
|
7,799,058
|
141,548
|
135,690
|
5,858
|
|||||||
Equity/index related:
|
||||||||||||||
OTC
|
14,769
|
8,447
|
1,021
|
24,236
|
598
|
2,012
|
(1,414)
|
|||||||
Bilateral (Amt)
|
14,769
|
8,447
|
1,021
|
24,236
|
598
|
2,012
|
(1,414)
|
|||||||
CCP (Amt)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Exchange-traded
|
156,839
|
44,868
|
1,078
|
202,784
|
3,213
|
2,978
|
234
|
|||||||
Total Equity/index related
|
171,607
|
53,315
|
2,099
|
227,021
|
3,811
|
4,991
|
(1,179)
|
|||||||
Credit derivatives related
|
||||||||||||||
OTC
|
193,047
|
1,238,463
|
91,903
|
1,523,414
|
9,899
|
8,311
|
1,589
|
|||||||
Bilateral (Amt)
|
101,699
|
87,969
|
30,933
|
220,600
|
3,611
|
2,078
|
1,533
|
|||||||
CCP (Amt)
|
91,348
|
1,150,495
|
60,970
|
1,302,813
|
6,288
|
6,233
|
55
|
|||||||
Exchange-traded
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Total Credit derivatives related
|
193,047
|
1,238,463
|
91,903
|
1,523,414
|
9,899
|
8,311
|
1,589
|
|||||||
Commodity related:
|
||||||||||||||
OTC
|
1,827
|
16,546
|
1,492
|
19,865
|
86
|
231
|
(144)
|
|||||||
Bilateral (Amt)
|
1,827
|
16,546
|
1,492
|
19,865
|
86
|
230
|
(145)
|
|||||||
CCP (Amt)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Exchange-traded
|
21,943
|
1,860
|
0
|
23,803
|
177
|
186
|
(9)
|
|||||||
Total Commodity related
|
23,770
|
18,405
|
1,492
|
43,668
|
263
|
416
|
(154)
|
|||||||
Other:
|
||||||||||||||
OTC
|
48,427
|
4,877
|
106
|
53,410
|
752
|
747
|
5
|
|||||||
Bilateral (Amt)
|
48,427
|
4,877
|
106
|
53,410
|
752
|
747
|
5
|
|||||||
CCP (Amt)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Exchange-traded
|
5,250
|
0
|
0
|
5,250
|
12
|
11
|
1
|
|||||||
Total Other
|
53,676
|
4,877
|
106
|
58,660
|
764
|
758
|
6
|
|||||||
Total OTC business
|
21,114,002
|
12,698,136
|
7,829,996
|
41,642,134
|
297,022
|
279,320
|
17,702
|
|||||||
Total bilateral business
|
7,835,226
|
3,316,737
|
1,938,347
|
13,090,309
|
263,854
|
247,341
|
16,513
|
|||||||
Total CCP business
|
13,278,776
|
9,381,399
|
5,891,650
|
28,551,825
|
33,168
|
31,979
|
1,189
|
|||||||
Total exchange-traded business
|
719,442
|
164,491
|
1,123
|
885,056
|
4,081
|
3,819
|
262
|
|||||||
Total
|
21,833,444
|
12,862,626
|
7,831,119
|
42,527,190
|
301,103
|
283,139
|
17,964
|
|||||||
Positive market values after nettingand cash collateral received
|
−
|
−
|
−
|
−
|
29,744
|
−
|
−
|
|||||||
|
284
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||
Notional amount maturity distribution
|
||||||||||||||
in € m.
|
Within 1 year
|
> 1 and≤ 5 years
|
After 5 years
|
Total
|
Positivemarketvalue
|
Negativemarketvalue
|
Netmarketvalue
|
|||||||
Interest rate related:
|
||||||||||||||
OTC
|
13,625,153
|
10,672,998
|
6,717,198
|
31,015,349
|
167,037
|
154,392
|
12,645
|
|||||||
Bilateral (Amt)
|
1,541,797
|
1,976,392
|
1,542,479
|
5,060,668
|
156,247
|
143,526
|
12,721
|
|||||||
CCP (Amt)
|
12,083,356
|
8,696,606
|
5,174,718
|
25,954,681
|
10,790
|
10,865
|
(76)
|
|||||||
Exchange-traded
|
730,798
|
286,032
|
514
|
1,017,344
|
174
|
131
|
43
|
|||||||
Total Interest rate related
|
14,355,951
|
10,959,030
|
6,717,712
|
32,032,693
|
167,211
|
154,523
|
12,688
|
|||||||
Currency related:
|
||||||||||||||
OTC
|
5,323,845
|
847,188
|
420,701
|
6,591,734
|
108,030
|
108,282
|
(252)
|
|||||||
Bilateral (Amt)
|
5,220,578
|
843,099
|
420,511
|
6,484,189
|
107,244
|
107,347
|
(103)
|
|||||||
CCP (Amt)
|
103,267
|
4,088
|
190
|
107,545
|
786
|
934
|
(148)
|
|||||||
Exchange-traded
|
20,765
|
0
|
0
|
20,765
|
2
|
8
|
(6)
|
|||||||
Total Currency related
|
5,344,610
|
847,188
|
420,701
|
6,612,499
|
108,032
|
108,289
|
(258)
|
|||||||
Equity/index related:
|
||||||||||||||
OTC
|
25,341
|
9,272
|
2,881
|
37,493
|
5,595
|
3,666
|
1,929
|
|||||||
Bilateral (Amt)
|
25,341
|
9,272
|
2,881
|
37,493
|
5,595
|
3,666
|
1,929
|
|||||||
CCP (Amt)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Exchange-traded
|
184,194
|
44,141
|
2,286
|
230,621
|
3,455
|
4,723
|
(1,267)
|
|||||||
Total Equity/index related
|
209,535
|
53,413
|
5,167
|
268,115
|
9,050
|
8,388
|
661
|
|||||||
Credit derivatives related
|
||||||||||||||
OTC
|
129,185
|
823,005
|
85,102
|
1,037,292
|
15,611
|
16,359
|
(748)
|
|||||||
Bilateral (Amt)
|
78,553
|
71,414
|
34,561
|
184,529
|
2,102
|
2,466
|
(364)
|
|||||||
CCP (Amt)
|
50,632
|
751,591
|
50,540
|
852,763
|
13,509
|
13,892
|
(384)
|
|||||||
Exchange-traded
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Total Credit derivatives related
|
129,185
|
823,005
|
85,102
|
1,037,292
|
15,611
|
16,359
|
(748)
|
|||||||
Commodity related:
|
||||||||||||||
OTC
|
2,764
|
3,419
|
1,421
|
7,605
|
105
|
107
|
(2)
|
|||||||
Bilateral (Amt)
|
2,764
|
3,419
|
1,421
|
7,605
|
105
|
107
|
(2)
|
|||||||
CCP (Amt)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Exchange-traded
|
27,241
|
1,356
|
0
|
28,598
|
218
|
225
|
(6)
|
|||||||
Total Commodity related
|
30,006
|
4,776
|
1,421
|
36,203
|
323
|
332
|
(8)
|
|||||||
Other:
|
||||||||||||||
OTC
|
40,047
|
3,565
|
157
|
43,769
|
606
|
675
|
(69)
|
|||||||
Bilateral (Amt)
|
40,047
|
3,565
|
157
|
43,769
|
606
|
675
|
(69)
|
|||||||
CCP (Amt)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Exchange-traded
|
8,786
|
186
|
0
|
8,971
|
5
|
9
|
(5)
|
|||||||
Total Other
|
48,832
|
3,751
|
157
|
52,741
|
610
|
684
|
(74)
|
|||||||
Total OTC business
|
19,146,335
|
12,359,447
|
7,227,460
|
38,733,243
|
296,983
|
283,480
|
13,503
|
|||||||
Total bilateral business
|
6,909,080
|
2,907,161
|
2,002,011
|
11,818,253
|
271,899
|
257,787
|
14,111
|
|||||||
Total CCP business
|
12,237,255
|
9,452,286
|
5,225,448
|
26,914,990
|
25,084
|
25,692
|
(608)
|
|||||||
Total exchange-traded business
|
971,784
|
331,716
|
2,800
|
1,306,300
|
3,854
|
5,095
|
(1,241)
|
|||||||
Total
|
20,118,119
|
12,691,163
|
7,230,260
|
40,039,542
|
300,837
|
288,575
|
12,262
|
|||||||
Positive market values after nettingand cash collateral received
|
−
|
−
|
−
|
−
|
25,518
|
−
|
−
|
|||||||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Trading Equities
|
2,374
|
5,094
|
||
Nontrading Equities¹
|
2,077
|
2,644
|
||
Total Equity Exposure
|
4,451
|
7,739
|
||
|
285
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Total
|
Diversificationeffect
|
Interest raterisk
|
Credit spreadrisk
|
Equity pricerisk
|
Foreign exchangerisk²
|
Commodity pricerisk
|
||||||||||||||||||||||
in € m.
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
||||||||||||||
Average
|
44.0
|
37.5
|
(43.3)
|
(37.2)
|
29.4
|
23.1
|
35.4
|
27.9
|
11.4
|
13.0
|
9.7
|
9.5
|
1.5
|
1.1
|
||||||||||||||
Maximum
|
71.4
|
69.0
|
(21.7)
|
(21.0)
|
48.1
|
38.5
|
58.7
|
60.3
|
21.7
|
20.1
|
15.0
|
25.2
|
4.3
|
7.9
|
||||||||||||||
Minimum
|
24.9
|
27.7
|
(67.1)
|
(76.9)
|
13.4
|
11.3
|
19.3
|
17.5
|
5.4
|
6.8
|
5.8
|
4.4
|
0.3
|
0.3
|
||||||||||||||
Period-end
|
|
|
(
|
(
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
286
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Total
|
Credit Trading
|
Core Rates
|
Emerging Markets
|
Other4
|
|||||||||||||||||
in € m.
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
|||||||||||
Average
|
319.0
|
436.6
|
54.5
|
118.1
|
137.0
|
211.4
|
110.2
|
188.3
|
17.4
|
(81.2)
|
|||||||||||
Maximum
|
414.0
|
604.1
|
130.6
|
154.6
|
305.0
|
574.5
|
332.4
|
267.9
|
51.2
|
59.1
|
|||||||||||
Minimum
|
272.4
|
292.5
|
(33.2)
|
62.5
|
53.2
|
60.1
|
39.3
|
84.4
|
(31.7)
|
(224.9)
|
|||||||||||
Period-end
|
|
|
|
|
|
|
|
|
|
(
|
|||||||||||
|
287
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Economic capital usage
|
||||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Interest rate risk
|
|
|
||
Credit spread risk
|
|
|
||
Equity and Investment risk
|
|
|
||
Foreign exchange risk
|
|
|
||
Pension risk
|
|
|
||
Guaranteed funds risk
|
|
|
||
Total non-trading market risk portfolios
|
|
|
||
|
288
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Delta EVE
|
Delta NII¹
|
|||||||
in € bn.
|
Dec 31, 2022
|
Dec 31, 2021
|
Dec 31, 2022
|
Dec 31, 2021
|
||||
Parallel up
|
(4.6)
|
(3.5)
|
1.9
|
1.4
|
||||
Parallel down
|
1.3
|
0.1
|
(1.1)
|
(0.9)
|
||||
Steepener
|
(0.1)
|
(0.0)
|
(0.4)
|
(0.7)
|
||||
Flattener
|
(1.4)
|
(1.3)
|
1.5
|
1.1
|
||||
Short rates up
|
(2.4)
|
(1.7)
|
2.3
|
1.7
|
||||
Short rates down
|
1.2
|
0.4
|
(1.2)
|
(0.9)
|
||||
Maximum
|
(4.6)
|
(3.5)
|
(1.2)
|
(0.9)
|
||||
in € bn.
|
Dec 31, 2022
|
Dec 31, 2021
|
||||||
Tier 1 Capital
|
56.6
|
55.4
|
||||||
|
289
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||
in € bn.
|
Parallel up
|
Parallel down
|
||
EUR
|
(3.5)
|
1.2
|
||
USD
|
(1.2)
|
0.6
|
||
Other
|
0.1
|
(0.5)
|
||
Total
|
(4.6)
|
1.3
|
||
in € m.
|
2022
|
2021¹
|
||
Clients, Products and Business Practices
|
263
|
347
|
||
Others
|
158
|
78
|
||
Execution, Delivery and Process Management
|
65
|
38
|
||
External Fraud
|
28
|
12
|
||
Internal Fraud
|
7
|
72
|
||
Natural Disasters and Public Safety
|
7
|
6
|
||
Group
|
528
|
553
|
||
|
290
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
291
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||||
in € m.
|
Not morethan1 month
|
Over1 monthbut notmore than3 months
|
Over3 monthsbut notmore than6 months
|
Over6 monthsbut notmore than1 year
|
Sub-totalless than1 year
|
Over1 yearbut notmore than2 years
|
Over2 years
|
Total
|
||||||||
Deposits from banks
|
549
|
156
|
528
|
1,200
|
2,432
|
0
|
526
|
2,958
|
||||||||
Deposits from otherwholesale customers
|
4,477
|
4,448
|
3,502
|
1,690
|
14,118
|
869
|
927
|
15,915
|
||||||||
CDs and CP
|
88
|
801
|
1,438
|
782
|
3,109
|
0
|
9
|
3,118
|
||||||||
ABCP
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Senior non-preferredplain vanilla
|
2,271
|
285
|
1,920
|
823
|
5,299
|
13,284
|
33,478
|
52,061
|
||||||||
Senior preferredplain vanilla
|
19
|
0
|
125
|
1,077
|
1,221
|
3,610
|
3,897
|
8,727
|
||||||||
Senior structured
|
143
|
542
|
1,392
|
940
|
3,017
|
1,958
|
11,064
|
16,040
|
||||||||
Covered bonds/ABS
|
518
|
0
|
599
|
389
|
1,506
|
3,084
|
11,799
|
16,389
|
||||||||
Subordinated liabilities
|
0
|
10
|
2,581
|
307
|
2,899
|
1,723
|
16,151
|
20,773
|
||||||||
Other
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Total
|
8,066
|
6,242
|
12,086
|
7,208
|
33,601
|
24,528
|
77,851
|
135,980
|
||||||||
Of which:
|
||||||||||||||||
Secured
|
518
|
0
|
599
|
389
|
1,506
|
3,084
|
11,799
|
16,389
|
||||||||
Unsecured
|
7,548
|
6,242
|
11,487
|
6,818
|
32,095
|
21,444
|
66,051
|
119,591
|
||||||||
|
292
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||||
in € m.
|
Not morethan1 month
|
Over1 monthbut notmore than3 months
|
Over3 monthsbut notmore than6 months
|
Over6 monthsbut notmore than1 year
|
Sub-totalless than1 year
|
Over1 yearbut notmore than2 years
|
Over2 years
|
Total
|
||||||||
Deposits from banks
|
1,556
|
572
|
447
|
490
|
3,065
|
63
|
52
|
3,180
|
||||||||
Deposits from otherwholesale customers
|
4,577
|
3,944
|
1,178
|
2,276
|
11,975
|
617
|
957
|
13,549
|
||||||||
CDs and CP
|
242
|
288
|
1,009
|
1,014
|
2,553
|
0
|
0
|
2,553
|
||||||||
ABCP
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Senior non-preferredplain vanilla
|
1,375
|
2,932
|
1,836
|
2,590
|
8,733
|
6,259
|
37,858
|
52,850
|
||||||||
Senior preferredplain vanilla
|
3
|
39
|
38
|
9
|
89
|
3,394
|
2,520
|
6,003
|
||||||||
Senior structured
|
105
|
487
|
546
|
1,471
|
2,610
|
2,325
|
10,162
|
15,096
|
||||||||
Covered bonds/ABS
|
110
|
151
|
723
|
361
|
1,345
|
1,509
|
11,356
|
14,210
|
||||||||
Subordinated liabilities
|
0
|
0
|
2,016
|
280
|
2,296
|
1,336
|
13,949
|
17,581
|
||||||||
Other
|
213
|
0
|
0
|
0
|
213
|
0
|
0
|
213
|
||||||||
Total
|
8,180
|
8,413
|
7,794
|
8,491
|
32,878
|
15,503
|
76,854
|
125,234
|
||||||||
Of which:
|
||||||||||||||||
Secured
|
110
|
151
|
723
|
361
|
1,345
|
1,509
|
11,356
|
14,210
|
||||||||
Unsecured
|
8,070
|
8,262
|
7,070
|
8,130
|
31,533
|
13,994
|
65,497
|
111,024
|
||||||||
Dec 31,2022
|
Dec 31,2021
|
|||||||||||||||||||
in € m.
|
in EUR
|
in USD
|
in GBP
|
in otherCCYs
|
Total
|
in EUR
|
in USD
|
in GBP
|
in otherCCYs
|
Total
|
||||||||||
Deposits frombanks
|
1,216
|
963
|
47
|
732
|
2,958
|
986
|
797
|
414
|
984
|
3,180
|
||||||||||
Deposits fromother whole-sale customers
|
4,437
|
9,047
|
278
|
2,152
|
15,915
|
3,346
|
7,946
|
201
|
2,055
|
13,549
|
||||||||||
CDs and CP
|
1,035
|
1,423
|
133
|
527
|
3,118
|
1,370
|
837
|
0
|
345
|
2,553
|
||||||||||
ABCP
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Senior non-preferredplain vanilla
|
24,052
|
21,826
|
2,735
|
3,448
|
52,061
|
25,583
|
21,244
|
2,297
|
3,726
|
52,850
|
||||||||||
Senior preferredplain vanilla
|
3,125
|
5,415
|
0
|
186
|
8,727
|
1,989
|
3,838
|
0
|
176
|
6,003
|
||||||||||
Senior structured
|
6,712
|
7,517
|
24
|
1,785
|
16,040
|
6,720
|
6,395
|
12
|
1,970
|
15,096
|
||||||||||
Covered bonds/ABS
|
16,387
|
2
|
0
|
0
|
16,389
|
14,210
|
0
|
0
|
0
|
14,210
|
||||||||||
Subordinatedliabilities
|
10,070
|
9,597
|
917
|
189
|
20,773
|
8,396
|
8,216
|
774
|
195
|
17,581
|
||||||||||
Other
|
0
|
0
|
0
|
0
|
0
|
213
|
0
|
0
|
0
|
213
|
||||||||||
Total
|
67,035
|
55,792
|
4,134
|
9,019
|
135,980
|
62,813
|
49,272
|
3,698
|
9,451
|
125,234
|
||||||||||
Of which:
|
||||||||||||||||||||
Secured
|
16,387
|
2
|
0
|
0
|
16,389
|
14,210
|
0
|
0
|
0
|
14,210
|
||||||||||
Unsecured
|
50,648
|
55,790
|
4,134
|
9,019
|
119,591
|
48,603
|
49,272
|
3,698
|
9,451
|
111,024
|
||||||||||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||
in € bn.
|
Carrying Value
|
Liquidity Value
|
Carrying Value
|
Liquidity Value
|
||||
Available cash and cash equivalents (held primarily at central banks)
|
166
|
166
|
181
|
181
|
||||
Parent (incl. foreign branches)
|
138
|
138
|
144
|
144
|
||||
Subsidiaries
|
28
|
28
|
37
|
37
|
||||
Highly liquid securities (includes government, governmentguaranteed and agency securities)
|
56
|
56
|
40
|
40
|
||||
Parent (incl. foreign branches)
|
35
|
35
|
20
|
20
|
||||
Subsidiaries
|
21
|
21
|
20
|
20
|
||||
Other unencumbered central bank eligible securities
|
34
|
31
|
20
|
18
|
||||
Parent (incl. foreign branches)
|
29
|
26
|
15
|
13
|
||||
Subsidiaries
|
5
|
5
|
5
|
5
|
||||
Total liquidity reserves
|
256
|
253
|
241
|
239
|
||||
Parent (incl. foreign branches)
|
202
|
199
|
179
|
177
|
||||
Subsidiaries
|
54
|
54
|
62
|
62
|
||||
|
293
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||
in € bn. (unless stated otherwise)
|
Total adjustedweighted value(average)
|
Total adjustedweighted value(average)
|
||
Number of data points used in the calculation of averages
|
12
|
12
|
||
High Quality Liquid Assets
|
218
|
220
|
||
Total net cash outflows
|
161
|
155
|
||
Liquidity Coverage Ratio (LCR) in %
|
135 %
|
142 %
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||
in € bn.
|
FundingGap¹
|
GapClosure²
|
Net LiquidityPosition
|
FundingGap¹
|
GapClosure²
|
Net LiquidityPosition
|
||||||
Systemic market risk
|
120
|
234
|
114
|
100
|
215
|
115
|
||||||
1 notch downgrade (DB specific)
|
90
|
234
|
145
|
78
|
215
|
137
|
||||||
Severe downgrade (DB specific)
|
154
|
251
|
97
|
152
|
235
|
84
|
||||||
Combined³ ⁴
|
|
|
|
|
|
|
||||||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||
in € m.
|
FundingGap¹
|
GapClosure²
|
Net LiquidityPosition
|
FundingGap¹
|
GapClosure²
|
Net LiquidityPosition
|
||||||
Combined³
|
95
|
109
|
14
|
91
|
109
|
18
|
||||||
|
294
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||
in € bn.
|
FundingGap¹
|
GapClosure²
|
Net LiquidityPosition
|
FundingGap¹
|
GapClosure²
|
Net LiquidityPosition
|
||||||
Combined³
|
81
|
103
|
22
|
78
|
88
|
10
|
||||||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||
in € bn.
|
Funding Gap¹
|
Gap Closure²
|
Net Liquidity Position
|
FundingGap
|
GapClosure
|
Net Liquidity Position
|
||||||
Combined³
|
6
|
11
|
5
|
4
|
8
|
4
|
||||||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||
in € m.
|
One-notchdowngrade
|
Two-notchdowngrade
|
One-notchdowngrade
|
Two-notchdowngrade
|
||||
Contractual derivatives funding or margin requirements
|
389
|
434
|
205
|
294
|
||||
Other contractual funding or margin requirements
|
0
|
0
|
0
|
0
|
||||
Dec 31, 2022
|
Dec 31, 2021
|
|||
in € bn. (unless stated otherwise)
|
Total adjustedweighted value
|
Total adjustedweighted value(average)
|
||
Available stable funding (ASF)
|
606
|
602
|
||
Required stable funding (RSF)
|
507
|
498
|
||
Net Stable Funding Ratio (NSFR) in %
|
120 %
|
121 %
|
||
|
295
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||
Carrying value
|
||||||||
Unencumbered assets
|
||||||||
in € bn.(unless stated otherwise)
|
Assets
|
Encumberedassets
|
Readilyavailable
|
Other
|
||||
Debt securities
|
136
|
59
|
77
|
0
|
||||
Equity instruments
|
3
|
1
|
2
|
0
|
||||
Other assets:
|
||||||||
Cash and due from banks & Interest earning deposits with Banks
|
186
|
14
|
172
|
0
|
||||
Securities borrowed or purchased under resale agreements¹
|
11
|
0
|
0
|
11
|
||||
Financial assets at fair value through profit and loss²
|
||||||||
Trading assets
|
8
|
0
|
8
|
0
|
||||
Positive market value from derivative financial instruments
|
300
|
0
|
0
|
300
|
||||
Securities borrowed or purchased under resale agreements¹
|
82
|
0
|
0
|
82
|
||||
Other financial assets at fair value through profit or loss
|
1
|
0
|
1
|
0
|
||||
Financial assets at fair value through other comprehensive income²
|
6
|
0
|
4
|
2
|
||||
Loans
|
525
|
74
|
14
|
438
|
||||
Other assets
|
80
|
47
|
0
|
33
|
||||
Total
|
1,339
|
194
|
279
|
866
|
||||
Dec 31, 2022
|
||||||||
Fair value of collateral received
|
||||||||
Unencumbered assets
|
||||||||
in € bn.(unless stated otherwise)
|
Assets
|
Encumberedassets
|
Readilyavailable
|
Other
|
||||
Collateral received:
|
310
|
254
|
48
|
6
|
||||
Debt securities
|
299
|
250
|
48
|
0
|
||||
Equity instruments
|
2
|
1
|
0
|
0
|
||||
Other collateral received
|
9
|
3
|
0
|
6
|
||||
Dec 31, 2021
|
||||||||
Carrying value
|
||||||||
Unencumbered assets
|
||||||||
in € bn.(unless stated otherwise)
|
Assets
|
Encumberedassets
|
Readilyavailable
|
Other
|
||||
Debt securities
|
131
|
66
|
65
|
0
|
||||
Equity instruments
|
6
|
1
|
5
|
0
|
||||
Other assets:
|
||||||||
Cash and due from banks & Interest earning deposits with Banks
|
199
|
14
|
186
|
0
|
||||
Securities borrowed or purchased under resale agreements¹
|
8
|
0
|
0
|
8
|
||||
Financial assets at fair value through profit and loss²
|
||||||||
Trading assets
|
10
|
0
|
10
|
0
|
||||
Positive market value from derivative financial instruments
|
300
|
0
|
0
|
300
|
||||
Securities borrowed or purchased under resale agreements¹
|
78
|
0
|
0
|
78
|
||||
Other financial assets at fair value through profit or loss
|
1
|
0
|
1
|
0
|
||||
Financial assets at fair value through other comprehensive income²
|
6
|
0
|
4
|
1
|
||||
Loans
|
513
|
86
|
6
|
420
|
||||
Other assets
|
73
|
45
|
0
|
28
|
||||
Total
|
1,325
|
212
|
277
|
836
|
||||
|
296
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||
Fair value of collateral received
|
||||||||
Unencumbered assets
|
||||||||
in € bn.(unless stated otherwise)
|
Assets
|
Encumberedassets
|
Readilyavailable
|
Other
|
||||
Collateral received:
|
260
|
223
|
35
|
2
|
||||
Debt securities
|
254
|
219
|
35
|
0
|
||||
Equity instruments
|
4
|
4
|
0
|
0
|
||||
Other collateral received
|
2
|
0
|
0
|
2
|
||||
|
297
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||||||||
in € m.
|
Ondemand(incl.Overnightandone daynotice)
|
Up toonemonth
|
Over1 monthto nomorethan3 months
|
Over3 monthsbut nomorethan6 months
|
Over6 monthsbut nomorethan9 months
|
Over9 monthsbut nomorethan1 year
|
Over1 yearbut nomorethan2 years
|
Over2 yearsbut nomorethan5 years
|
Over5 years
|
Total
|
||||||||||
Cash and central bankbalances¹
|
164,090
|
13,138
|
1,639
|
0
|
0
|
29
|
0
|
0
|
0
|
178,897
|
||||||||||
Interbank balances(w/o central banks)¹
|
6,315
|
265
|
181
|
83
|
166
|
181
|
0
|
0
|
6
|
7,195
|
||||||||||
Central bank funds sold
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Securities purchased underresale agreements
|
9
|
2,646
|
3,990
|
356
|
519
|
895
|
1,721
|
1,342
|
0
|
11,478
|
||||||||||
With banks
|
3
|
305
|
869
|
22
|
5
|
600
|
1,626
|
1,322
|
0
|
4,750
|
||||||||||
With customers
|
6
|
2,342
|
3,121
|
334
|
514
|
295
|
95
|
21
|
0
|
6,728
|
||||||||||
Securities borrowed
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
With banks
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
With customers
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Financial assets at fair valuethrough profit or loss
|
411,151
|
47,537
|
6,495
|
3,577
|
3,381
|
3,973
|
2,130
|
655
|
3,646
|
482,545
|
||||||||||
Trading assets
|
91,150
|
0
|
0
|
0
|
0
|
1,437
|
0
|
0
|
280
|
92,867
|
||||||||||
Fixed-income securitiesand loans
|
88,153
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
88,156
|
||||||||||
Equities and other variable-income securities
|
2,098
|
0
|
0
|
0
|
0
|
1,437
|
0
|
0
|
276
|
3,811
|
||||||||||
Other trading assets
|
900
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
900
|
||||||||||
Positive market values fromderivative financial instruments
|
299,856
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
299,856
|
||||||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
20,145
|
47,537
|
6,495
|
3,577
|
3,381
|
2,443
|
2,130
|
582
|
3,365
|
89,654
|
||||||||||
Securities purchased underresale agreements
|
7,623
|
42,880
|
4,868
|
2,274
|
3,142
|
1,647
|
1,207
|
215
|
0
|
63,855
|
||||||||||
Securities borrowed
|
12,445
|
3,594
|
1,167
|
202
|
0
|
0
|
7
|
0
|
0
|
17,414
|
||||||||||
Fixed-income securitiesand loans
|
77
|
390
|
460
|
1,096
|
239
|
153
|
810
|
328
|
2,842
|
6,396
|
||||||||||
Other non-trading financial assets mandatory at fair value through profit or loss
|
0
|
673
|
0
|
4
|
0
|
643
|
106
|
39
|
523
|
1,989
|
||||||||||
Financial assets designated at fair value through profit or loss
|
0
|
0
|
0
|
0
|
0
|
94
|
0
|
74
|
1
|
168
|
||||||||||
Positive market values fromderivative financial instrumentsqualifying for hedge accounting
|
0
|
260
|
441
|
225
|
88
|
48
|
14
|
62
|
110
|
1,248
|
||||||||||
Financial assets at fair valuethrough other comprehensive income
|
3
|
3,857
|
1,557
|
803
|
696
|
380
|
1,606
|
11,093
|
11,681
|
31,675
|
||||||||||
Securities purchased under resale agreements
|
0
|
2,156
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2,156
|
||||||||||
Securities borrowed
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Debt securities
|
0
|
1,305
|
883
|
426
|
413
|
184
|
1,088
|
9,570
|
11,581
|
25,450
|
||||||||||
Loans
|
3
|
396
|
673
|
377
|
283
|
195
|
518
|
1,523
|
100
|
4,069
|
||||||||||
Other
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Loans
|
18,559
|
36,483
|
28,590
|
19,767
|
10,310
|
12,875
|
39,165
|
99,180
|
226,246
|
491,175
|
||||||||||
To banks
|
199
|
530
|
415
|
490
|
154
|
178
|
2,157
|
2,119
|
906
|
7,148
|
||||||||||
To customers
|
18,360
|
35,952
|
28,175
|
19,277
|
10,156
|
12,697
|
37,008
|
97,061
|
225,340
|
484,027
|
||||||||||
Retail
|
3,040
|
8,951
|
5,077
|
1,760
|
1,344
|
1,389
|
5,222
|
16,190
|
176,847
|
219,819
|
||||||||||
Corporates and othercustomers
|
15,320
|
27,001
|
23,098
|
17,517
|
8,813
|
11,308
|
31,786
|
80,871
|
48,493
|
264,208
|
||||||||||
Other financial assets
|
66,077
|
9,465
|
2,339
|
3,385
|
1,155
|
3,549
|
3,488
|
4,134
|
16,595
|
110,187
|
||||||||||
Total financial assets
|
666,203
|
113,650
|
45,231
|
28,196
|
16,316
|
21,930
|
48,123
|
116,467
|
258,283
|
1,314,399
|
||||||||||
Other assets
|
9,112
|
754
|
2
|
3,592
|
5
|
3,442
|
231
|
1,270
|
11,410
|
29,818
|
||||||||||
Total assets
|
675,315
|
114,404
|
45,232
|
31,788
|
16,321
|
25,372
|
48,354
|
117,737
|
269,693
|
1,344,217
|
||||||||||
|
298
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||||||||
in € m.
|
Ondemand(incl.Overnightandone daynotice)
|
Up toonemonth
|
Over1 monthto nomorethan3 months
|
Over3 monthsbut nomorethan6 months
|
Over6 monthsbut nomorethan9 months
|
Over9 monthsbut nomorethan1 year
|
Over1 yearbut nomorethan2 years
|
Over2 yearsbut nomorethan5 years
|
Over5 years
|
Total
|
||||||||||
Cash and central bankbalances¹
|
186,020
|
5,513
|
488
|
0
|
0
|
0
|
0
|
0
|
0
|
192,021
|
||||||||||
Interbank balances(w/o central banks)¹
|
6,153
|
641
|
191
|
120
|
119
|
114
|
0
|
0
|
4
|
7,342
|
||||||||||
Central bank funds sold
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Securities purchased underresale agreements
|
178
|
1,979
|
2,042
|
569
|
992
|
144
|
831
|
1,633
|
0
|
8,368
|
||||||||||
With banks
|
168
|
1,375
|
740
|
303
|
277
|
8
|
629
|
1,611
|
0
|
5,111
|
||||||||||
With customers
|
10
|
604
|
1,302
|
266
|
715
|
136
|
202
|
23
|
0
|
3,257
|
||||||||||
Securities borrowed
|
0
|
63
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
63
|
||||||||||
With banks
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
With customers
|
0
|
63
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
63
|
||||||||||
Financial assets at fair valuethrough profit or loss
|
420,972
|
47,776
|
7,155
|
2,514
|
1,190
|
3,577
|
747
|
1,966
|
5,336
|
491,233
|
||||||||||
Trading assets
|
100,079
|
0
|
76
|
0
|
0
|
1,815
|
0
|
4
|
423
|
102,396
|
||||||||||
Fixed-income securitiesand loans
|
94,607
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
130
|
94,737
|
||||||||||
Equities and other variable-income securities
|
4,801
|
0
|
76
|
0
|
0
|
1,815
|
0
|
4
|
293
|
6,989
|
||||||||||
Other trading assets
|
671
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
671
|
||||||||||
Positive market values fromderivative financial instruments
|
299,732
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
299,732
|
||||||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
21,155
|
47,776
|
7,079
|
2,514
|
1,142
|
1,762
|
663
|
1,962
|
4,912
|
88,965
|
||||||||||
Securities purchased underresale agreements
|
6,373
|
44,027
|
5,850
|
1,934
|
895
|
202
|
56
|
594
|
0
|
59,931
|
||||||||||
Securities borrowed
|
14,777
|
2,829
|
663
|
86
|
0
|
0
|
0
|
0
|
0
|
18,355
|
||||||||||
Fixed-income securitiesand loans
|
5
|
198
|
374
|
415
|
242
|
726
|
437
|
1,228
|
4,125
|
7,750
|
||||||||||
Other non-trading financial assets mandatory at fair value through profit or loss
|
0
|
722
|
193
|
79
|
4
|
834
|
170
|
140
|
787
|
2,929
|
||||||||||
Financial assets designated at fair value through profit or loss
|
6
|
0
|
0
|
0
|
48
|
0
|
84
|
1
|
1
|
140
|
||||||||||
Positive market values fromderivative financial instrumentsqualifying for hedge accounting
|
0
|
124
|
57
|
103
|
11
|
92
|
25
|
223
|
469
|
1,105
|
||||||||||
Financial assets at fair valuethrough other comprehensive income
|
0
|
2,188
|
1,897
|
1,281
|
890
|
738
|
2,236
|
5,970
|
13,778
|
28,979
|
||||||||||
Securities purchased under resale agreements
|
0
|
1,231
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1,231
|
||||||||||
Securities borrowed
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Debt securities
|
0
|
502
|
950
|
689
|
532
|
626
|
1,772
|
4,560
|
13,746
|
23,377
|
||||||||||
Loans
|
0
|
455
|
947
|
593
|
358
|
112
|
464
|
1,410
|
32
|
4,370
|
||||||||||
Other
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Loans
|
16,962
|
40,041
|
27,994
|
23,938
|
11,882
|
12,448
|
29,518
|
89,736
|
219,550
|
472,069
|
||||||||||
To banks
|
282
|
885
|
899
|
503
|
274
|
183
|
441
|
3,387
|
753
|
7,607
|
||||||||||
To customers
|
16,680
|
39,156
|
27,095
|
23,435
|
11,608
|
12,265
|
29,077
|
86,349
|
218,797
|
464,462
|
||||||||||
Retail
|
2,782
|
5,893
|
4,262
|
2,092
|
1,071
|
2,209
|
4,337
|
16,256
|
171,602
|
210,504
|
||||||||||
Corporates and othercustomers
|
13,898
|
33,263
|
22,833
|
21,343
|
10,537
|
10,056
|
24,740
|
70,093
|
47,195
|
253,958
|
||||||||||
Other financial assets
|
65,378
|
7,742
|
1,223
|
1,206
|
1,322
|
3,306
|
4,879
|
3,968
|
8,022
|
97,046
|
||||||||||
Total financial assets
|
695,662
|
106,067
|
41,048
|
29,731
|
16,406
|
20,419
|
38,237
|
103,497
|
247,159
|
1,298,226
|
||||||||||
Other assets
|
8,407
|
1,258
|
1
|
2,118
|
31
|
2,576
|
130
|
1,372
|
10,585
|
26,479
|
||||||||||
Total assets
|
704,069
|
107,325
|
41,049
|
31,850
|
16,437
|
22,995
|
38,367
|
104,869
|
257,744
|
1,324,705
|
||||||||||
|
299
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||||||||
in € m.
|
Ondemand(incl. Over-night andone daynotice)
|
Up toonemonth
|
Over1 monthto nomorethan3 months
|
Over3 monthsbut nomorethan6 months
|
Over6 monthsbut nomorethan9 months
|
Over9 monthsbut nomorethan1 year
|
Over1 yearbut nomorethan2 years
|
Over2 yearsbut nomorethan5 years
|
Over5 years
|
Total
|
||||||||||
Deposits
|
385,715
|
34,971
|
97,284
|
55,043
|
16,398
|
14,816
|
7,638
|
7,975
|
9,344
|
629,183
|
||||||||||
Due to banks
|
41,570
|
1,052
|
9,089
|
8,984
|
6,248
|
1,592
|
2,965
|
5,699
|
7,853
|
85,053
|
||||||||||
Due to customers
|
344,145
|
33,919
|
88,196
|
46,059
|
10,150
|
13,224
|
4,673
|
2,276
|
1,491
|
544,131
|
||||||||||
Retail
|
155,180
|
5,491
|
58,382
|
28,637
|
1,334
|
1,273
|
943
|
579
|
84
|
251,903
|
||||||||||
Corporates and othercustomers
|
188,965
|
28,428
|
29,813
|
17,422
|
8,816
|
11,951
|
3,730
|
1,697
|
1,407
|
292,228
|
||||||||||
Trading liabilities
|
333,035
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
333,035
|
||||||||||
Trading securities
|
49,860
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
49,860
|
||||||||||
Other trading liabilities
|
756
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
756
|
||||||||||
Negative market values fromderivative financialinstruments
|
282,418
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
282,418
|
||||||||||
Financial liabilities designed at fair value through profit or loss
|
9,686
|
27,208
|
10,285
|
2,175
|
774
|
388
|
852
|
2,355
|
911
|
54,634
|
||||||||||
Securities sold under repurchase agreements
|
7,484
|
27,026
|
10,131
|
2,028
|
658
|
228
|
554
|
351
|
55
|
48,517
|
||||||||||
Long-term debt
|
1,740
|
60
|
64
|
116
|
113
|
115
|
292
|
1,895
|
854
|
5,250
|
||||||||||
Other financial liabilitiesdesignated at fair valuethrough profit or loss
|
462
|
122
|
90
|
31
|
2
|
45
|
6
|
109
|
2
|
868
|
||||||||||
Investment contract liabilities
|
0
|
0
|
0
|
0
|
0
|
469
|
0
|
0
|
0
|
469
|
||||||||||
Negative market values fromderivative financial instrumentsqualifying for hedge accounting
|
0
|
144
|
181
|
93
|
78
|
15
|
28
|
33
|
149
|
721
|
||||||||||
Central bank funds purchased
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Securities sold under repurchase agreements
|
170
|
182
|
144
|
20
|
0
|
0
|
25
|
16
|
15
|
573
|
||||||||||
Due to banks
|
59
|
101
|
122
|
3
|
0
|
0
|
0
|
0
|
9
|
293
|
||||||||||
Due to customers
|
111
|
81
|
23
|
17
|
0
|
0
|
25
|
16
|
6
|
279
|
||||||||||
Securities loaned
|
12
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
13
|
||||||||||
Due to banks
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
||||||||||
Due to customers
|
12
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
12
|
||||||||||
Other short term borrowings
|
3,002
|
1,878
|
135
|
34
|
9
|
61
|
0
|
0
|
0
|
5,118
|
||||||||||
Long-term debt
|
0
|
3,085
|
27,434
|
6,756
|
4,994
|
4,355
|
17,537
|
43,826
|
23,539
|
131,525
|
||||||||||
Debt securities - senior
|
0
|
3,050
|
2,068
|
2,510
|
3,206
|
3,791
|
13,091
|
35,427
|
15,413
|
78,556
|
||||||||||
Debt securities - subordi-nated
|
0
|
0
|
25
|
1,309
|
0
|
0
|
36
|
7,095
|
2,670
|
11,135
|
||||||||||
Other long-term debt - senior
|
0
|
34
|
25,340
|
2,882
|
1,770
|
501
|
4,385
|
1,242
|
5,433
|
41,588
|
||||||||||
Other long-term debt -subordinated
|
0
|
0
|
0
|
55
|
18
|
63
|
25
|
62
|
23
|
245
|
||||||||||
Trust Preferred Securities
|
0
|
0
|
0
|
500
|
0
|
0
|
0
|
0
|
0
|
500
|
||||||||||
Other financial liabilities
|
90,316
|
776
|
996
|
470
|
160
|
1,779
|
723
|
1,136
|
2,517
|
98,873
|
||||||||||
Total financial liabilities
|
821,936
|
68,243
|
136,460
|
65,092
|
22,411
|
21,883
|
26,802
|
55,341
|
36,475
|
1,254,643
|
||||||||||
Other liabilities
|
17,433
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
17,433
|
||||||||||
Total equity
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
72,141
|
72,141
|
||||||||||
Total liabilities and equity
|
839,369
|
68,243
|
136,460
|
65,092
|
22,411
|
21,883
|
26,802
|
55,341
|
108,616
|
1,344,217
|
||||||||||
Off-balance sheet commitmentsgiven
|
45,318
|
11,115
|
15,621
|
22,407
|
12,160
|
24,447
|
43,057
|
105,306
|
38,803
|
318,234
|
||||||||||
Banks
|
1,150
|
1,021
|
1,561
|
1,886
|
1,894
|
2,366
|
2,748
|
2,634
|
4,955
|
20,214
|
||||||||||
Retail
|
15,916
|
820
|
1,005
|
335
|
608
|
2,212
|
875
|
727
|
8,900
|
31,398
|
||||||||||
Corporates and othercustomers
|
28,253
|
9,274
|
13,055
|
20,186
|
9,659
|
19,869
|
39,434
|
101,945
|
24,948
|
266,622
|
||||||||||
|
300
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||||||||
in € m.
|
Ondemand(incl. Over-night andone daynotice)
|
Up toonemonth
|
Over1 monthto nomorethan3 months
|
Over3 monthsbut nomorethan6 months
|
Over6 monthsbut nomorethan9 months
|
Over9 monthsbut nomorethan1 year
|
Over1 yearbut nomorethan2 years
|
Over2 yearsbut nomorethan5 years
|
Over5 years
|
Total
|
||||||||||
Deposits
|
393,897
|
23,033
|
95,474
|
49,687
|
10,775
|
10,057
|
4,726
|
7,095
|
9,652
|
604,396
|
||||||||||
Due to banks
|
42,195
|
2,312
|
8,091
|
9,328
|
5,619
|
1,637
|
2,374
|
5,105
|
7,652
|
84,315
|
||||||||||
Due to customers
|
351,702
|
20,721
|
87,383
|
40,359
|
5,156
|
8,420
|
2,352
|
1,989
|
1,999
|
520,081
|
||||||||||
Retail
|
158,038
|
3,040
|
59,964
|
28,293
|
889
|
745
|
416
|
495
|
127
|
252,006
|
||||||||||
Corporates and othercustomers
|
193,664
|
17,681
|
27,419
|
12,066
|
4,267
|
7,675
|
1,936
|
1,494
|
1,873
|
268,075
|
||||||||||
Trading liabilities
|
341,827
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
341,827
|
||||||||||
Trading securities
|
54,235
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
54,235
|
||||||||||
Other trading liabilities
|
483
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
483
|
||||||||||
Negative market values fromderivative financialinstruments
|
287,109
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
287,109
|
||||||||||
Financial liabilities designed at fair value through profit or loss
|
12,038
|
22,809
|
4,219
|
648
|
13,987
|
2,114
|
376
|
1,497
|
780
|
58,468
|
||||||||||
Securities sold under repurchase agreements
|
10,802
|
22,069
|
4,077
|
548
|
13,855
|
1,950
|
1
|
3
|
58
|
53,364
|
||||||||||
Long-term debt
|
1,008
|
0
|
35
|
36
|
87
|
59
|
368
|
1,439
|
667
|
3,699
|
||||||||||
Other financial liabilitiesdesignated at fair valuethrough profit or loss
|
228
|
740
|
106
|
64
|
44
|
105
|
7
|
54
|
56
|
1,404
|
||||||||||
Investment contract liabilities
|
0
|
0
|
0
|
0
|
0
|
562
|
0
|
0
|
0
|
562
|
||||||||||
Negative market values fromderivative financial instrumentsqualifying for hedge accounting
|
0
|
317
|
362
|
187
|
188
|
48
|
34
|
252
|
79
|
1,466
|
||||||||||
Central bank funds purchased
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Securities sold under repurchase agreements
|
226
|
2
|
30
|
39
|
1
|
0
|
440
|
2
|
8
|
747
|
||||||||||
Due to banks
|
218
|
1
|
28
|
37
|
1
|
0
|
440
|
0
|
3
|
727
|
||||||||||
Due to customers
|
8
|
2
|
2
|
2
|
0
|
0
|
0
|
2
|
5
|
21
|
||||||||||
Securities loaned
|
24
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
24
|
||||||||||
Due to banks
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
||||||||||
Due to customers
|
18
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
18
|
||||||||||
Other short term borrowings
|
2,676
|
639
|
114
|
536
|
2
|
67
|
0
|
0
|
0
|
4,034
|
||||||||||
Long-term debt
|
0
|
1,838
|
31,616
|
10,889
|
1,452
|
3,637
|
17,832
|
48,166
|
29,054
|
144,485
|
||||||||||
Debt securities - senior
|
0
|
1,772
|
3,287
|
2,934
|
1,345
|
2,849
|
12,901
|
34,760
|
21,780
|
81,629
|
||||||||||
Debt securities - subordi-nated
|
0
|
0
|
14
|
0
|
0
|
0
|
1,231
|
4,879
|
2,479
|
8,603
|
||||||||||
Other long-term debt - senior
|
0
|
66
|
28,315
|
7,955
|
93
|
788
|
3,597
|
8,397
|
4,749
|
53,960
|
||||||||||
Other long-term debt -subordinated
|
0
|
0
|
0
|
0
|
15
|
0
|
103
|
130
|
46
|
293
|
||||||||||
Trust Preferred Securities
|
0
|
0
|
0
|
264
|
0
|
264
|
0
|
0
|
0
|
528
|
||||||||||
Other financial liabilities
|
78,320
|
1,358
|
1,988
|
329
|
171
|
284
|
762
|
1,235
|
1,828
|
86,274
|
||||||||||
Total financial liabilities
|
829,009
|
49,996
|
133,803
|
62,580
|
26,576
|
17,033
|
24,169
|
58,245
|
41,401
|
1,242,811
|
||||||||||
Other liabilities
|
13,795
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
13,795
|
||||||||||
Total equity
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
68,099
|
68,099
|
||||||||||
Total liabilities and equity
|
842,804
|
49,996
|
133,803
|
62,580
|
26,576
|
17,033
|
24,169
|
58,245
|
109,499
|
1,324,705
|
||||||||||
Off-balance sheet commitmentsgiven1
|
42,737
|
11,379
|
15,969
|
18,800
|
8,712
|
24,010
|
34,770
|
99,808
|
37,641
|
293,825
|
||||||||||
Banks
|
1,243
|
1,538
|
2,018
|
2,115
|
1,502
|
2,555
|
2,180
|
3,167
|
4,592
|
20,910
|
||||||||||
Retail
|
16,057
|
783
|
683
|
163
|
165
|
2,058
|
257
|
822
|
10,258
|
31,244
|
||||||||||
Corporates and othercustomers
|
25,437
|
9,058
|
13,267
|
16,523
|
7,045
|
19,397
|
32,334
|
95,819
|
22,790
|
241,670
|
||||||||||
|
301
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
302
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
303
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Employees1
|
Dec 31, 2022
|
Dec 31, 2021
|
Dec 31, 2020
|
|||
Germany
|
35,594
|
35,741
|
37,315
|
|||
Europe (outside Germany), Middle East and Africa
|
18,379
|
19,311
|
19,617
|
|||
Asia/Pacific
|
23,236
|
20,215
|
19,430
|
|||
North America2
|
7,534
|
7,556
|
8,149
|
|||
Latin America
|
187
|
145
|
148
|
|||
Total employees
|
84,930
|
82,969
|
84,659
|
|||
Employees
|
Dec 31, 2022
|
Dec 31, 2021
|
Dec 31, 2020
|
||||
Corporate Bank (CB)
|
16.5 %
|
16.0 %
|
15.8 %
|
||||
Investment Bank (IB)
|
9.0 %
|
8.6 %
|
8.9 %
|
||||
Private Bank (PB)
|
31.7 %
|
33.8 %
|
35.1 %
|
||||
Asset Management (AM)
|
5.0 %
|
4.9 %
|
4.6 %
|
||||
Capital Release Unit (CRU)
|
0.2 %
|
0.3 %
|
0.6 %
|
||||
Infrastructure
|
37.5 %
|
36.3 %
|
35.0 %
|
||||
|
304
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
305
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
306
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
307
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
308
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
309
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
310
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
311
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
312
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
313
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
314
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
315
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
316
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
317
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
318
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Consolidated Statement of Income
|
23 –
|
||||||
Consolidated Statement of Comprehensive Income
|
24 –
|
||||||
Consolidated Balance Sheet
|
25 –
|
||||||
Consolidated Statement of Changes in Equity
|
26 –
|
||||||
Consolidated Statement of Cash Flows
|
27 –
|
||||||
Notes to the consolidated financial statements
|
28 –
|
||||||
1 –
|
29 –
|
||||||
2 –
|
30 –
|
||||||
3 –
|
31 –
|
||||||
4 –
|
32 –
|
||||||
Notes to the consolidated income statement
|
33 –
|
||||||
5 –
|
Additional Notes
|
||||||
6 –
|
34 –
|
||||||
7 –
|
35 –
|
||||||
8 –
|
36 –
|
||||||
9 –
|
37 –
|
||||||
10 –
|
38 –
|
||||||
11 –
|
39 –
|
||||||
Notes to the consolidated balance sheet
|
40 –
|
||||||
12 –
|
41 –
|
||||||
13 –
|
42 –
|
||||||
14 –
|
43 –
|
||||||
44 –
|
|||||||
15 –
|
Report of Independent Registered Public Accounting Firm
|
||||||
16 –
|
|||||||
17 –
|
|||||||
18 –
|
|||||||
19 –
|
|||||||
20 –
|
|||||||
21 –
|
|||||||
22 –
|
|
319
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Notes
|
2022
|
2021
|
2020
|
||||
Interest and similar income1
|
5
|
|
|
|
||||
Interest expense
|
5
|
|
|
|
||||
Net interest income
|
5
|
|
|
|
||||
Provision for credit losses
|
19
|
|
|
|
||||
Net interest income after provision for credit losses
|
|
|
|
|||||
Commissions and fee income
|
6
|
|
|
|
||||
Net gains (losses) on financial assets/liabilities at fair value throughprofit or loss
|
5
|
|
|
|
||||
Net gains (losses) from derecognition of financial assets measured at amortized cost
|
7
|
(
|
|
|
||||
Net gains (losses) on financial assets at fair value through othercomprehensive income
|
(
|
|
|
|||||
Net income (loss) from equity method investments
|
16
|
|
|
|
||||
Other income (loss)
|
8
|
|
|
(
|
||||
Total noninterest income
|
|
|
|
|||||
Compensation and benefits
|
33
|
|
|
|
||||
General and administrative expenses
|
9
|
|
|
|
||||
Impairment of goodwill and other intangible assets
|
23
|
|
|
|
||||
Restructuring activities
|
10
|
(
|
|
|
||||
Total noninterest expenses
|
|
|
|
|||||
Profit (loss) before income taxes
|
|
|
|
|||||
Income tax expense (benefit)
|
34
|
(
|
|
|
||||
Profit (loss)
|
|
|
|
|||||
Profit (loss) attributable to noncontrolling interests
|
|
|
|
|||||
Profit (loss) attributable to Deutsche Bank shareholders and additionalequity components
|
|
|
|
|||||
Notes
|
2022
|
2021
|
2020
|
|||||
Earnings per share:1
|
11
|
|||||||
Basic
|
€
|
€
|
€
|
|||||
Diluted
|
€
|
€
|
€
|
|||||
Number of shares in million:
|
||||||||
Denominator for basic earnings per share –weighted-average shares outstanding
|
|
|
|
|||||
Denominator for diluted earnings per share –adjusted weighted-average shares after assumed conversions
|
|
|
|
|||||
|
320
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Profit (loss) recognized in the income statement
|
|
|
|
|||
Other comprehensive income
|
||||||
Items that will not be reclassified to profit or loss
|
||||||
Remeasurement gains (losses) related to defined benefit plans, before tax
|
|
|
|
|||
Net fair value gains (losses) attributable to credit risk related to financialliabilities designated as at fair value through profit or loss, before tax
|
|
(
|
(
|
|||
Total of income tax related to items that will not be reclassified to profit or loss
|
(
|
(
|
|
|||
Items that are or may be reclassified to profit or loss
|
||||||
Financial assets at fair value through other comprehensive income
|
||||||
Unrealized net gains (losses) arising during the period, before tax
|
(
|
(
|
|
|||
Realized net (gains) losses arising during the period (reclassified to profit or loss),before tax
|
|
(
|
(
|
|||
Derivatives hedging variability of cash flows
|
||||||
Unrealized net gains (losses) arising during the period, before tax
|
(
|
|
(
|
|||
Realized net (gains) losses arising during the period (reclassified to profit or loss),before tax
|
|
(
|
|
|||
Assets classified as held for sale
|
||||||
Unrealized net gains (losses) arising during the period, before tax
|
|
|
|
|||
Realized net (gains) losses arising during the period (reclassified to profit or loss),before tax
|
|
|
|
|||
Foreign currency translation
|
||||||
Unrealized net gains (losses) arising during the period, before tax
|
|
|
(
|
|||
Realized net (gains) losses arising during the period (reclassified to profit or loss),before tax
|
(
|
(
|
|
|||
Equity Method Investments
|
||||||
Net gains (losses) arising during the period
|
|
(
|
|
|||
Total of income tax related to items that are or may be reclassified to profit or loss
|
|
|
(
|
|||
Other comprehensive income (loss), net of tax
|
(
|
|
(
|
|||
Total comprehensive income (loss), net of tax
|
|
|
(
|
|||
Attributable to:
|
||||||
Noncontrolling interests
|
|
|
|
|||
Deutsche Bank shareholders and additional equity components
|
|
|
(
|
|||
|
321
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Notes
|
Dec 31, 2022
|
Dec 31, 2021
|
|||
Assets:
|
||||||
Cash and central bank balances
|
|
|
||||
Interbank balances (w/o central banks)
|
|
|
||||
Central bank funds sold and securities purchased under resale agreements
|
20
|
|
|
|||
Securities borrowed
|
20
|
|
|
|||
Financial assets at fair value through profit or loss
|
||||||
Trading assets
|
|
|
||||
Positive market values from derivative financial instruments
|
|
|
||||
Non-trading financial assets mandatory at fair value through profit and loss
|
|
|
||||
Financial assets designated at fair value through profit or loss
|
|
|
||||
Total financial assets at fair value through profit or loss
|
12, 13, 20, 35
|
|
|
|||
Financial assets at fair value through other comprehensive income
|
15
|
|
|
|||
Equity method investments
|
16
|
|
|
|||
Loans at amortized cost
|
18, 19, 20
|
|
|
|||
Property and equipment
|
21, 22
|
|
|
|||
Goodwill and other intangible assets
|
23
|
|
|
|||
Other assets 1
|
24, 25
|
|
|
|||
Assets for current tax
|
|
|
||||
Deferred tax assets
|
34
|
|
|
|||
Total assets
|
|
|
||||
Liabilities and equity:
|
||||||
Deposits
|
26
|
|
|
|||
Central bank funds purchased and securities sold under repurchase agreements
|
20
|
|
|
|||
Securities loaned
|
20
|
|
|
|||
Financial liabilities at fair value through profit or loss
|
||||||
Trading liabilities
|
|
|
||||
Negative market values from derivative financial instruments
|
|
|
||||
Financial liabilities designated at fair value through profit or loss
|
|
|
||||
Investment contract liabilities
|
|
|
||||
Total financial liabilities at fair value through profit or loss
|
12, 13, 20, 35
|
|
|
|||
Other short-term borrowings
|
29
|
|
|
|||
Other liabilities 1
|
22, 24, 25
|
|
|
|||
Provisions
|
19, 27
|
|
|
|||
Liabilities for current tax
|
|
|
||||
Deferred tax liabilities
|
34
|
|
|
|||
Long-term debt
|
30
|
|
|
|||
Trust preferred securities
|
30
|
|
|
|||
Total liabilities
|
|
|
||||
Common shares, no par value, nominal value of € 2.56
|
32
|
|
|
|||
Additional paid-in capital
|
|
|
||||
Retained earnings
|
|
|
||||
Common shares in treasury, at cost
|
32
|
(
|
(
|
|||
Accumulated other comprehensive income (loss), net of tax
|
(
|
(
|
||||
Total shareholders’ equity
|
|
|
||||
Additional equity components
|
|
|
||||
Noncontrolling interests
|
|
|
||||
Total equity
|
|
|
||||
Total liabilities and equity
|
|
|
||||
|
322
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Unrealized net gains (losses)
|
||||||||||||||||||||||||||||||
in € m.
|
Common shares(no par value)
|
Additionalpaid-in capital
|
Retainedearnings
|
Common sharesin treasury,at cost
|
On financialassets at fairvalue throughothercompre-hensiveincome,net of tax2
|
Attributable tochange in owncredit risk offinancialliabilitiesdesignated asat fair valuethrough profitand loss,net of tax2
|
Onderivativeshedgingvariability ofcash flows,net of tax2
|
On assetsclassified asheld for sale,net of tax2
|
Foreigncurrencytranslation,net of tax2
|
Unrealizednet gains(losses) fromequity methodinvestments
|
Accumula-
ted other
comprehen-
sive income,
net of tax
1
|
Totalshareholders’equity
|
Additionalequitycomponents3
|
Noncontrollinginterests
|
Total equity
|
|||||||||||||||
Balance as of December 31, 2019
|
|
|
|
(
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total comprehensive income (loss), net of tax1
|
|
0
|
|
0
|
|
(
|
(
|
0
|
(
|
(
|
(
|
(
|
0
|
|
(
|
|||||||||||||||
Gains (losses) attributable to equity instruments designated as at fair value through other comprehensive income, net of tax
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||
Gains (losses) upon early extinguishment attributable to change in own credit risk of financial liabilities designated as at fair value through profit and loss, net of tax
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||
Cash dividends paid
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(
|
(
|
|||||||||||||||
Coupon on additional equity components, before tax
|
|
0
|
(
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(
|
0
|
0
|
(
|
|||||||||||||||
Remeasurement gains (losses) related to defined benefit plans, net of tax
|
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
|
|
|||||||||||||||
Net change in share awards in the reporting period
|
|
(
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(
|
0
|
(
|
(
|
|||||||||||||||
Treasury shares distributed under share-based compensation plans
|
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
|
|||||||||||||||
Tax benefits related to share-based compensation plans
|
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
|
|||||||||||||||
Option premiums and other effects from options on common shares
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||
Purchases of treasury shares
|
|
0
|
0
|
(
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(
|
0
|
0
|
(
|
|||||||||||||||
Sale of treasury shares
|
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
|
|||||||||||||||
Net gains (losses) on treasury shares sold
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||
Other
|
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
(
|
|
|||||||||||||||
Balance as of December 31, 2020
|
|
|
|
(
|
|
|
|
0
|
(
|
(
|
(
|
|
|
|
|
|||||||||||||||
Total comprehensive income (loss), net of tax1
|
|
|
|
|
(
|
(
|
(
|
|
|
(
|
|
|
|
|
|
|||||||||||||||
Gains (losses) attributable to equity instruments designated as at fair value through other comprehensive income, net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Gains (losses) upon early extinguishment attributable to change in own credit risk of financial liabilities designated as at fair value through profit and loss, net of tax
|
|
|
(
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Cash dividends paid
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
|
(
|
|||||||||||||||
Coupon on additional equity components, before tax
|
|
|
(
|
|
|
|
|
|
|
|
|
(
|
|
|
(
|
|||||||||||||||
Remeasurement gains (losses) related to defined benefit plans, net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Net change in share awards in the reporting period
|
|
(
|
|
|
|
|
|
|
|
|
|
(
|
|
(
|
(
|
|||||||||||||||
Treasury shares distributed under share-based compensation plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Tax benefits related to share-based compensation plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Option premiums and other effects from options on common shares
|
|
(
|
|
|
|
|
|
|
|
|
|
(
|
|
|
(
|
|||||||||||||||
Purchases of treasury shares
|
|
|
|
(
|
|
|
|
|
|
|
|
(
|
|
|
(
|
|||||||||||||||
Sale of treasury shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Net gains (losses) on treasury shares sold
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Other
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
|
|
|||||||||||||||
Balance as of December 31, 2021
|
|
|
|
(
|
(
|
(
|
(
|
|
(
|
(
|
(
|
|
|
|
|
|||||||||||||||
Total comprehensive income (loss), net of tax1
|
|
|
|
|
(
|
|
(
|
|
|
|
(
|
|
0
|
|
|
|||||||||||||||
Gains (losses) attributable to equity instruments designated as at fair value through other comprehensive income, net of tax
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
0
|
|
|||||||||||||||
Gains (losses) upon early extinguishment attributable to change in own credit risk of financial liabilities designated as at fair value through profit and loss, net of tax
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
0
|
|
|||||||||||||||
Cash dividends paid
|
|
|
(
|
|
|
|
|
|
|
|
0
|
(
|
0
|
(
|
(
|
|||||||||||||||
Coupon on additional equity components, before tax
|
|
|
(
|
|
|
|
|
|
|
|
0
|
(
|
0
|
0
|
(
|
|||||||||||||||
Remeasurement gains (losses) related to defined benefit plans, net of tax
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
|
|
|||||||||||||||
Net change in share awards in the reporting period
|
|
(
|
|
|
|
|
|
|
|
|
0
|
(
|
0
|
(
|
(
|
|||||||||||||||
Treasury shares distributed under share-based compensation plans
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
0
|
|
|||||||||||||||
Tax benefits related to share-based compensation plans
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
0
|
|
|||||||||||||||
Option premiums and other effects from options on common shares
|
|
(
|
|
|
|
|
|
|
|
|
0
|
(
|
0
|
0
|
(
|
|||||||||||||||
Purchases of treasury shares
|
|
|
|
(
|
|
|
|
|
|
|
0
|
(
|
0
|
0
|
(
|
|||||||||||||||
Sale of treasury shares
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
0
|
0
|
|||||||||||||||
Net gains (losses) on treasury shares sold
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
0
|
0
|
|||||||||||||||
Other
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|||||||||||||||
Balance as of December 31, 2022
|
|
|
|
(
|
(
|
|
(
|
|
|
|
(
|
|
|
|
|
|||||||||||||||
|
323
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Net Income (loss)
|
|
|
|
|||
Cash flows from operating activities:
|
||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
|
||||||
Provision for credit losses
|
|
|
|
|||
Restructuring activities
|
(
|
|
|
|||
Gain on sale of financial assets at fair value through other comprehensive income, equity method investments and other
|
|
(
|
(
|
|||
Deferred income taxes, net
|
(
|
|
(
|
|||
Impairment, depreciation and other amortization, and accretion
|
|
|
|
|||
Share of net income from equity method investments
|
(
|
(
|
(
|
|||
Income (loss) adjusted for noncash charges, credits and other items
|
|
|
|
|||
Adjustments for net change in operating assets and liabilities:
|
||||||
Interest-earning time deposits with central banks and banks
|
|
|
(
|
|||
Central bank funds sold, securities purchased under resale agreements, securities borrowed
|
(
|
|
|
|||
Non-Trading financial assets mandatory at fair value through profit and loss
|
|
(
|
|
|||
Financial assets designated at fair value through profit or loss
|
(
|
|
(
|
|||
Loans at amortized cost
|
(
|
(
|
(
|
|||
Other assets
|
(
|
|
(
|
|||
Deposits
|
|
|
(
|
|||
Financial liabilities designated at fair value through profit or loss and investment contract liabilities1
|
(
|
|
(
|
|||
Central bank funds purchased, securities sold under repurchase agreements, securities loaned
|
(
|
(
|
|
|||
Other short-term borrowings
|
|
|
(
|
|||
Other liabilities
|
|
(
|
|
|||
Senior long-term debt2
|
(
|
(
|
|
|||
Trading assets and liabilities, positive and negative market values from derivative financial instruments, net
|
|
|
|
|||
Other, net
|
(
|
(
|
|
|||
Net cash provided by (used in) operating activities
|
(
|
(
|
|
|||
Cash flows from investing activities:
|
||||||
Proceeds from:
|
||||||
Sale of financial assets at fair value through other comprehensive income
|
|
|
|
|||
Maturities of financial assets at fair value through other comprehensive income
|
|
|
|
|||
Sale of debt securities held to collect at amortized cost
|
|
|
|
|||
Maturities of debt securities held to collect at amortized cost
|
|
|
|
|||
Sale of equity method investments
|
|
|
|
|||
Sale of property and equipment
|
|
|
|
|||
Purchase of:
|
||||||
Financial assets at fair value through other comprehensive income
|
(
|
(
|
(
|
|||
Debt Securities held to collect at amortized cost
|
(
|
(
|
(
|
|||
Equity method investments
|
(
|
(
|
(
|
|||
Property and equipment
|
(
|
(
|
(
|
|||
Net cash received in (paid for) business combinations/divestitures
|
|
(
|
|
|||
Other, net
|
(
|
(
|
(
|
|||
Net cash provided by (used in) investing activities
|
(
|
|
(
|
|||
Cash flows from financing activities:
|
||||||
Issuances of subordinated long-term debt
|
|
|
|
|||
Repayments and extinguishments of subordinated long-term debt
|
(
|
(
|
(
|
|||
Issuances of trust preferred securities
|
|
|
|
|||
Repayments and extinguishments of trust preferred securities
|
|
(
|
(
|
|||
Principal portion of lease payments
|
(
|
(
|
(
|
|||
Common shares issued
|
|
|
|
|||
Purchases of treasury shares
|
(
|
(
|
(
|
|||
Sale of treasury shares
|
|
|
|
|||
Additional Equity Components (AT1) issued
|
|
|
|
|||
Additional Equity Components (AT1) repaid
|
(
|
0
|
0
|
|||
Purchases of Additional Equity Components (AT1)
|
(
|
(
|
(
|
|||
Sale of Additional Equity Components (AT1)
|
|
|
|
|||
Coupon on additional equity components, pre tax
|
(
|
(
|
(
|
|||
Dividends paid to noncontrolling interests
|
(
|
(
|
(
|
|||
Net change in noncontrolling interests
|
|
(
|
(
|
|||
Cash dividends paid to Deutsche Bank shareholders
|
(
|
|
|
|||
Other, net
|
0
|
0
|
0
|
|||
Net cash provided by (used in) financing activities
|
|
|
(
|
|||
Net effect of exchange rate changes on cash and cash equivalents
|
|
|
(
|
|||
Net increase (decrease) in cash and cash equivalents
|
(
|
|
|
|||
Cash and cash equivalents at beginning of period
|
|
|
|
|||
Cash and cash equivalents at end of period
|
|
|
|
|||
Net cash provided by (used in) operating activities include
|
||||||
Income taxes paid (received), net
|
|
|
|
|||
Interest paid
|
|
|
|
|||
Interest received
|
|
|
|
|||
Dividends received
|
|
|
|
|||
Cash and cash equivalents comprise
|
||||||
Cash and central bank balances5
|
|
|
|
|||
Interbank balances (w/o central banks)6
|
|
|
|
|||
Total
|
|
|
|
|||
|
324
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
325
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
327
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
328
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
329
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
330
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
331
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
332
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
333
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
334
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
335
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
336
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
337
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
338
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
339
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
340
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
341
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
342
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
343
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
344
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
345
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
346
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
347
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
348
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
349
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
350
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Cash and cash equivalents
|
|
|
|
|||
All remaining assets
|
|
|
|
|||
Total assets disposed
|
|
|
|
|||
Total liabilities disposed
|
|
|
|
|||
|
351
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
352
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
353
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
Asset Management
|
CapitalRelease Unit
|
Corporate &Other
|
TotalConsolidated
|
|||||||
Net revenues1
|
|
|
|
|
(
|
(
|
|
|||||||
Provision for credit losses
|
|
|
|
(
|
(
|
|
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
|
|
|
|
|||||||
General and administrative expenses
|
|
|
|
|
|
(
|
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
|
0
|
0
|
|
|||||||
Restructuring activities
|
(
|
|
(
|
|
(
|
|
(
|
|||||||
Total noninterest expenses
|
|
|
|
|
|
|
|
|||||||
Noncontrolling interests
|
0
|
|
|
|
0
|
(
|
|
|||||||
Profit (loss) before tax
|
|
|
|
|
(
|
(
|
|
|||||||
Cost/income ratio
|
|
|
|
|
N/M
|
N/M
|
|
|||||||
Assets2
|
|
|
|
|
|
|
|
|||||||
Additions to non-current assets
|
|
|
|
|
|
|
|
|||||||
Risk-weighted assets
|
|
|
|
|
|
|
|
|||||||
Leverage exposure3
|
|
|
|
|
|
|
|
|||||||
Average allocated shareholders' equity
|
|
|
|
|
|
|
|
|||||||
Post-tax return on average shareholders’ equity4
|
|
|
|
|
(
|
N/M
|
|
|||||||
Post-tax return on average tangible shareholders’ equity4
|
|
|
|
|
(
|
N/M
|
|
|||||||
1 includes:
|
||||||||||||||
Net interest income
|
|
|
|
(
|
(
|
|
|
|||||||
Net income (loss) from equity method investments
|
|
|
|
|
|
|
|
|||||||
2 includes:
|
||||||||||||||
Equity method investments
|
|
|
|
|
|
|
|
|||||||
|
354
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2021
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
Asset Management
|
CapitalRelease Unit
|
Corporate &Other
|
TotalConsolidated
|
|||||||
Net revenues1
|
|
|
|
|
|
(
|
|
|||||||
Provision for credit losses
|
(
|
|
|
|
(
|
|
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
|
|
|
|
|||||||
General and administrative expenses
|
|
|
|
|
|
(
|
|
|||||||
Impairment of goodwill and other intangible assets
|
|
0
|
0
|
0
|
0
|
0
|
|
|||||||
Restructuring activities
|
|
|
|
|
(
|
(
|
|
|||||||
Total noninterest expenses
|
|
|
|
|
|
|
|
|||||||
Noncontrolling interests
|
0
|
(
|
|
|
0
|
(
|
0
|
|||||||
Profit (loss) before tax
|
|
|
|
|
(
|
(
|
|
|||||||
Cost/income ratio
|
|
|
|
|
N/M
|
N/M
|
|
|||||||
Assets2
|
|
|
|
|
|
|
|
|||||||
Additions to non-current assets
|
|
|
|
|
|
|
|
|||||||
Risk-weighted assets
|
|
|
|
|
|
|
|
|||||||
Leverage exposure (fully loaded)3
|
|
|
|
|
|
|
|
|||||||
Average allocated shareholders' equity
|
|
|
|
|
|
|
|
|||||||
Post-tax return on average shareholders’ equity4
|
|
|
|
|
(
|
N/M
|
|
|||||||
Post-tax return on average tangible shareholders’ equity4
|
|
|
|
|
(
|
N/M
|
|
|||||||
1 includes:
|
||||||||||||||
Net interest income
|
|
|
|
(
|
|
|
|
|||||||
Net income (loss) from equity method investments
|
|
(
|
|
|
|
|
|
|||||||
2 includes:
|
||||||||||||||
Equity method investments
|
|
|
|
|
|
|
|
|||||||
|
355
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2020
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
Asset Management
|
CapitalRelease Unit
|
Corporate &Other
|
TotalConsolidated
|
|||||||
Net revenues1
|
|
|
|
|
(
|
(
|
|
|||||||
Provision for credit losses
|
|
|
|
|
|
(
|
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
|
|
|
|
|||||||
General and administrative expenses
|
|
|
|
|
|
(
|
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
|
0
|
0
|
|
|||||||
Restructuring activities
|
|
|
|
|
|
|
|
|||||||
Total noninterest expenses
|
|
|
|
|
|
|
|
|||||||
Noncontrolling interests
|
0
|
|
|
|
(
|
(
|
0
|
|||||||
Profit (loss) before tax
|
|
|
(
|
|
(
|
(
|
|
|||||||
Cost/income ratio
|
|
|
|
|
N/M
|
N/M
|
|
|||||||
Assets2
|
|
|
|
|
|
|
|
|||||||
Additions to non-current assets
|
|
|
|
|
|
|
|
|||||||
Risk-weighted assets
|
|
|
|
|
|
|
|
|||||||
Leverage exposure (fully loaded)3
|
|
|
|
|
|
|
|
|||||||
Average allocated shareholders' equity
|
|
|
|
|
|
(
|
|
|||||||
Post-tax return on average shareholders’ equity4
|
|
|
(
|
|
(
|
N/M
|
|
|||||||
Post-tax return on average tangible shareholders’ equity4
|
|
|
(
|
|
(
|
N/M
|
|
|||||||
1 includes:
|
||||||||||||||
Net interest income
|
|
|
|
|
|
|
|
|||||||
Net income (loss) from equity method investments
|
|
|
|
|
|
|
|
|||||||
2 includes:
|
||||||||||||||
Equity method investments
|
|
|
|
|
|
|
|
|||||||
|
356
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
||||||||||||||
Corporate Treasury Services
|
|
|
|
761
|
24
|
6
|
0
|
|||||||
Institutional Client Services
|
|
|
|
287
|
22
|
19
|
1
|
|||||||
Business Banking
|
|
|
|
136
|
19
|
(21)
|
(3)
|
|||||||
Total net revenues
|
|
|
|
1,185
|
23
|
5
|
0
|
|||||||
of which:
|
||||||||||||||
Net interest income
|
|
|
|
1,022
|
39
|
(278)
|
(10)
|
|||||||
Commissions and fee income
|
|
|
|
151
|
7
|
125
|
6
|
|||||||
Remaining income
|
|
|
|
11
|
3
|
158
|
86
|
|||||||
Provision for credit losses
|
|
(
|
|
338
|
N/M
|
(367)
|
N/M
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
(25)
|
(2)
|
45
|
3
|
|||||||
General and administrative expenses
|
|
|
|
(103)
|
(4)
|
(156)
|
(6)
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
|
0
|
(5)
|
N/M
|
5
|
N/M
|
|||||||
Restructuring activities
|
(
|
|
|
(61)
|
N/M
|
13
|
47
|
|||||||
Total noninterest expenses
|
|
|
|
(193)
|
(5)
|
(92)
|
(2)
|
|||||||
Noncontrolling interests
|
0
|
0
|
0
|
0
|
N/M
|
0
|
N/M
|
|||||||
Profit (loss) before tax
|
|
|
|
1,040
|
103
|
464
|
85
|
|||||||
Total assets (in € bn.)1
|
|
|
|
12
|
5
|
8
|
3
|
|||||||
Loans (gross of allowance for loan losses, in € bn.)
|
|
|
|
(1)
|
(1)
|
8
|
7
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
688
|
5
|
(102)
|
(1)
|
|||||||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
||||||||||||||
Fixed Income, Currency (FIC) Sales & Trading
|
|
|
|
1,871
|
26
|
(11)
|
(0)
|
|||||||
Debt Origination
|
|
|
|
(1,161)
|
(74)
|
73
|
5
|
|||||||
Equity Origination
|
|
|
|
(443)
|
(81)
|
174
|
47
|
|||||||
Advisory
|
|
|
|
(6)
|
(1)
|
247
|
101
|
|||||||
Origination & Advisory
|
|
|
|
(1,610)
|
(62)
|
494
|
23
|
|||||||
Other
|
|
(
|
|
124
|
N/M
|
(139)
|
N/M
|
|||||||
Total net revenues
|
|
|
|
385
|
4
|
345
|
4
|
|||||||
Provision for credit losses
|
|
|
|
215
|
N/M
|
(587)
|
(85)
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
179
|
8
|
118
|
6
|
|||||||
General and administrative expenses
|
|
|
|
218
|
6
|
262
|
8
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
0
|
N/M
|
0
|
N/M
|
|||||||
Restructuring activities
|
|
|
|
(32)
|
(68)
|
33
|
N/M
|
|||||||
Total noninterest expenses
|
|
|
|
365
|
6
|
413
|
8
|
|||||||
Noncontrolling interests
|
|
(
|
|
32
|
N/M
|
(29)
|
N/M
|
|||||||
Profit (loss) before tax
|
|
|
|
(227)
|
(6)
|
547
|
17
|
|||||||
Total assets (in € bn.)1
|
|
|
|
61
|
10
|
42
|
7
|
|||||||
Loans (gross of allowance for loan losses, in € bn.)
|
|
|
|
10
|
11
|
24
|
34
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
505
|
7
|
(341)
|
(5)
|
|||||||
|
357
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues:
|
||||||||||||||
Private Bank Germany
|
|
|
|
319
|
6
|
19
|
0
|
|||||||
International Private Bank
|
|
|
|
601
|
19
|
90
|
3
|
|||||||
Premium Banking
|
|
|
|
8
|
1
|
41
|
4
|
|||||||
Wealth Management & Bank for Entrepreneurs
|
|
|
|
594
|
26
|
49
|
2
|
|||||||
Total net revenues
|
|
|
|
921
|
11
|
109
|
1
|
|||||||
of which:
|
||||||||||||||
Net interest income
|
|
|
|
622
|
14
|
102
|
2
|
|||||||
Commissions and fee income
|
|
|
|
(50)
|
(2)
|
155
|
5
|
|||||||
Remaining income
|
|
|
|
349
|
82
|
(148)
|
(26)
|
|||||||
Provision for credit losses
|
|
|
|
137
|
31
|
(265)
|
(37)
|
|||||||
Noninterest expenses:
|
||||||||||||||
Compensation and benefits
|
|
|
|
(22)
|
(1)
|
(54)
|
(2)
|
|||||||
General and administrative expenses
|
|
|
|
(533)
|
(12)
|
205
|
5
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
0
|
N/M
|
0
|
N/M
|
|||||||
Restructuring activities
|
(
|
|
|
(285)
|
N/M
|
(240)
|
(58)
|
|||||||
Total noninterest expenses
|
|
|
|
(840)
|
(11)
|
(89)
|
(1)
|
|||||||
Noncontrolling interests
|
|
|
|
0
|
N/M
|
(0)
|
(87)
|
|||||||
Profit (loss) before tax
|
|
|
(
|
1,624
|
N/M
|
463
|
N/M
|
|||||||
Total assets (in € bn.)1
|
|
|
|
22
|
7
|
14
|
5
|
|||||||
Loans (gross of allowance for loan losses, in € bn.)
|
|
|
|
10
|
4
|
17
|
7
|
|||||||
Assets under management (in € bn.)2
|
|
|
|
(36)
|
(6)
|
59
|
12
|
|||||||
Net flows (in € bn.)
|
|
|
|
(0)
|
(1)
|
14
|
85
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
(1,132)
|
(4)
|
(1,665)
|
(6)
|
|||||||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
||||||||||||||
Management fees
|
|
|
|
88
|
4
|
233
|
11
|
|||||||
Performance and transaction fees
|
|
|
|
(86)
|
(41)
|
122
|
135
|
|||||||
Other
|
|
|
|
(102)
|
(81)
|
123
|
N/M
|
|||||||
Total net revenues
|
|
|
|
(100)
|
(4)
|
478
|
21
|
|||||||
Provision for credit losses
|
(
|
|
|
(6)
|
N/M
|
3
|
148
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
77
|
9
|
82
|
11
|
|||||||
General and administrative expenses
|
|
|
|
29
|
3
|
77
|
10
|
|||||||
Impairment of goodwill and other intangible assets
|
|
0
|
|
68
|
N/M
|
(0)
|
N/M
|
|||||||
Restructuring activities
|
|
|
|
(2)
|
(95)
|
(20)
|
(92)
|
|||||||
Total noninterest expenses
|
|
|
|
173
|
10
|
138
|
9
|
|||||||
Noncontrolling interests
|
|
|
|
(49)
|
(22)
|
66
|
42
|
|||||||
Profit (loss) before tax
|
|
|
|
(217)
|
(27)
|
272
|
50
|
|||||||
Total assets (in € bn.)1
|
|
|
|
(0)
|
(2)
|
1
|
10
|
|||||||
Assets under management (in € bn.)
|
|
|
|
(106)
|
(11)
|
135
|
17
|
|||||||
Net flows (in € bn.)
|
(
|
|
|
(68)
|
N/M
|
17
|
N/M
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
211
|
5
|
146
|
4
|
|||||||
|
358
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
(
|
|
(
|
(54)
|
N/M
|
251
|
N/M
|
|||||||
Provision for credit losses
|
(
|
(
|
|
25
|
(59)
|
(70)
|
N/M
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
(68)
|
(53)
|
(40)
|
(24)
|
|||||||
General and administrative expenses
|
|
|
|
(442)
|
(34)
|
(468)
|
(26)
|
|||||||
Impairment of goodwill and other intangible assets
|
0
|
0
|
0
|
0
|
N/M
|
0
|
N/M
|
|||||||
Restructuring activities
|
(
|
(
|
|
0
|
(21)
|
(7)
|
N/M
|
|||||||
Total noninterest expenses
|
|
|
|
(510)
|
(36)
|
(515)
|
(26)
|
|||||||
Noncontrolling interests
|
–
|
0
|
(
|
0
|
N/M
|
0
|
N/M
|
|||||||
Profit (loss) before tax
|
(
|
(
|
(
|
431
|
(32)
|
836
|
(38)
|
|||||||
Total assets (in € bn.)1
|
|
|
|
(70)
|
(53)
|
(66)
|
(33)
|
|||||||
Total employees (directly-managed, full-time equivalent)
|
|
|
|
(73)
|
(27)
|
(205)
|
(43)
|
|||||||
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Net revenues
|
(
|
(
|
(
|
(812)
|
N/M
|
340
|
(62)
|
|||||||
Provision for credit losses
|
|
|
(
|
3
|
53
|
9
|
N/M
|
|||||||
Noninterest expenses
|
||||||||||||||
Compensation and benefits
|
|
|
|
153
|
5
|
(204)
|
(6)
|
|||||||
General and administrative expenses
|
(
|
(
|
(
|
(263)
|
13
|
641
|
(24)
|
|||||||
Impairment of goodwill and other intangible assets
|
|
|
|
0
|
N/M
|
0
|
N/M
|
|||||||
Restructuring activities
|
|
(
|
|
0
|
N/M
|
(3)
|
N/M
|
|||||||
Total noninterest expenses
|
|
|
|
(109)
|
(11)
|
435
|
77
|
|||||||
Noncontrolling interests
|
(
|
(
|
(
|
16
|
(8)
|
(37)
|
22
|
|||||||
Profit (loss) before tax
|
(
|
(
|
(
|
(722)
|
71
|
(67)
|
7
|
|||||||
Employees (full-time equivalent)
|
|
|
|
1,762
|
6
|
476
|
2
|
|||||||
|
359
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Germany:
|
||||||
Corporate Bank
|
|
|
|
|||
Investment Bank
|
|
|
|
|||
Private Bank
|
|
|
|
|||
Asset Management
|
|
|
|
|||
Capital Release Unit
|
|
|
|
|||
Total Germany
|
|
|
|
|||
UK:
|
||||||
Corporate Bank
|
|
|
|
|||
Investment Bank
|
|
|
|
|||
Private Bank
|
|
(
|
|
|||
Asset Management
|
|
|
|
|||
Capital Release Unit
|
|
(
|
(
|
|||
Total UK
|
|
|
|
|||
Rest of Europe, Middle East and Africa:
|
||||||
Corporate Bank
|
|
|
|
|||
Investment Bank
|
|
|
|
|||
Private Bank
|
|
|
|
|||
Asset Management
|
|
|
|
|||
Capital Release Unit
|
|
|
|
|||
Total Rest of Europe, Middle East and Africa
|
|
|
|
|||
Americas (primarily United States):
|
||||||
Corporate Bank
|
|
|
|
|||
Investment Bank
|
|
|
|
|||
Private Bank
|
|
|
|
|||
Asset Management
|
|
|
|
|||
Capital Release Unit
|
(
|
|
|
|||
Total Americas
|
|
|
|
|||
Asia/Pacific:
|
||||||
Corporate Bank
|
|
|
|
|||
Investment Bank
|
|
|
|
|||
Private Bank
|
|
|
|
|||
Asset Management
|
|
|
|
|||
Capital Release Unit
|
(
|
|
|
|||
Total Asia/Pacific
|
|
|
|
|||
Corporate & Other
|
(
|
(
|
(
|
|||
Consolidated net revenues1
|
|
|
|
|||
|
360
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Interest and similar income:
|
||||||
Interest income on cash and central bank balances
|
|
|
|
|||
Interest income on interbank balances (w/o central banks)
|
|
|
|
|||
Central bank funds sold and securities purchased under resale agreements
|
|
|
|
|||
Loans
|
|
|
|
|||
Other
|
|
|
|
|||
Total Interest and similar income from assets measured at amortized cost
|
|
|
|
|||
Interest income on financial assets at fair value through other comprehensive income
|
|
|
|
|||
Total interest and similar income calculated using the effective interest method
|
|
|
|
|||
Financial assets at fair value through profit or loss
|
|
|
|
|||
Total interest and similar income
|
|
|
|
|||
Thereof: negative interest expense on financial liabilities
|
|
|
|
|||
Interest expense:
|
||||||
Interest-bearing deposits
|
|
|
|
|||
Central bank funds purchased and securities sold under repurchase agreements
|
|
|
|
|||
Other short-term borrowings
|
|
|
|
|||
Long-term debt
|
|
|
|
|||
Trust preferred securities
|
|
|
|
|||
Other
|
|
|
|
|||
Total interest expense measured at amortized cost
|
|
|
|
|||
Financial liabilities at fair value through profit or loss
|
|
|
|
|||
Total interest expense
|
|
|
|
|||
Thereof: negative interest income on financial assets
|
|
|
|
|||
Net interest income
|
|
|
|
|||
|
361
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Trading income (loss):
|
||||||
FIC Sales and Trading
|
|
|
|
|||
Other trading income (loss)
|
(
|
(
|
(
|
|||
Total trading income (loss)
|
|
|
|
|||
Net gains (losses) on non-trading financial assets mandatory at fair value through profit or loss:
|
||||||
Breakdown by financial assets category:
|
||||||
Debt Securities
|
(
|
|
|
|||
Equity Securities
|
|
|
|
|||
Loans and loan commitments
|
(
|
|
(
|
|||
Deposits
|
|
|
(
|
|||
Others non-trading financial assets mandatory at fair value through profit and loss
|
(
|
|
|
|||
Total net gains (losses) on non-trading financial assets mandatory at fair value through profit or loss:
|
(
|
|
|
|||
Net gains (losses) on financial assets/liabilities designated at fair value through profit or loss:
|
||||||
Breakdown by financial asset/liability category:
|
||||||
Loans and loan commitments
|
(
|
|
|
|||
Deposits
|
|
|
(
|
|||
Long-term debt
|
|
|
(
|
|||
Other financial assets/liabilities designated at fair value through profit or loss
|
|
|
|
|||
Total net gains (losses) on financial assets/liabilities designated at fair value through profit or loss
|
|
|
(
|
|||
Total net gains (losses) on financial assets/liabilities at fair value through profit or loss
|
|
|
|
|||
in € m.
|
2022
|
2021
|
2020
|
|||
Net interest income
|
|
|
|
|||
Trading income (loss)1
|
|
|
|
|||
Net gains (losses) on non-trading financial assets mandatory at fair value through profit or loss
|
(
|
|
|
|||
Net gains (losses) on financial assets/liabilities designated at fair value through profit or loss
|
|
|
(
|
|||
Total net gains (losses) on financial assets/liabilities at fair value through profit or loss
|
|
|
|
|||
Total net interest income and net gains (losses) on financial assets/liabilities at fair valuethrough profit or loss2
|
|
|
|
|||
Corporate Treasury Services
|
2,503
|
1,812
|
2,071
|
|||
Institutional Client Services
|
572
|
328
|
313
|
|||
Business Banking
|
645
|
526
|
555
|
|||
Corporate Bank
|
|
|
|
|||
FIC Sales & Trading
|
|
|
|
|||
Remaining Products
|
(
|
(
|
|
|||
Investment Bank
|
|
|
|
|||
Private Bank Germany
|
4,619
|
3,114
|
2,956
|
|||
International Private Bank
|
1,993
|
1,733
|
1,693
|
|||
Private Bank
|
|
|
|
|||
Asset Management
|
(
|
|
(
|
|||
Capital Release Unit
|
(
|
(
|
(
|
|||
Corporate & Other
|
(
|
(
|
(
|
|||
Total net interest income and net gains (losses) on financial assets/liabilities at fair valuethrough profit or loss
|
|
|
|
|||
|
362
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Commission and fee income and expense:
|
||||||
Commission and fee income
|
|
|
|
|||
Commission and fee expense
|
|
|
|
|||
Net commissions and fee income
|
|
|
|
|||
Dec 31,2022
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
TotalConsolidated
|
|||||||
Major type of services:
|
||||||||||||||
Commissions for administration
|
|
|
|
|
|
(
|
|
|||||||
Commissions for assets under management
|
|
|
|
|
(
|
|
|
|||||||
Commissions for other securities
|
|
(
|
|
|
|
|
|
|||||||
Underwriting and advisory fees
|
|
|
|
|
|
(
|
|
|||||||
Brokerage fees
|
|
|
|
|
(
|
|
|
|||||||
Commissions for local payments
|
|
|
|
|
|
|
|
|||||||
Commissions for foreign commercial business
|
|
|
|
|
|
(
|
|
|||||||
Commissions for foreign currency/exchange business
|
|
|
|
|
|
(
|
|
|||||||
Commissions for loan processing and guarantees
|
|
|
|
|
|
|
|
|||||||
Intermediary fees
|
|
|
|
|
|
|
|
|||||||
Fees for sundry other customer services
|
|
|
|
|
|
|
|
|||||||
Total fee and commissions income
|
|
|
|
|
|
(
|
|
|||||||
Gross expense
|
(
|
|||||||||||||
Net fees and commissions
|
|
|||||||||||||
|
363
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31,2021
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
TotalConsolidated
|
|||||||
Major type of services:
|
||||||||||||||
Commissions for administration
|
|
|
|
|
|
(
|
|
|||||||
Commissions for assets under management
|
|
|
|
|
(
|
|
|
|||||||
Commissions for other securities
|
|
(
|
|
|
|
|
|
|||||||
Underwriting and advisory fees
|
|
|
|
|
(
|
(
|
|
|||||||
Brokerage fees
|
|
|
|
|
|
(
|
|
|||||||
Commissions for local payments
|
|
|
|
|
|
|
|
|||||||
Commissions for foreign commercial business
|
|
|
|
|
(
|
(
|
|
|||||||
Commissions for foreign currency/exchange business
|
|
|
|
|
|
(
|
|
|||||||
Commissions for loan processing and guarantees
|
|
|
|
|
|
|
|
|||||||
Intermediary fees
|
|
|
|
|
|
|
|
|||||||
Fees for sundry other customer services
|
|
|
|
|
|
|
|
|||||||
Total fee and commissions income
|
|
|
|
|
|
(
|
|
|||||||
Gross expense
|
(
|
|||||||||||||
Net fees and commissions
|
|
|||||||||||||
Dec 31,2020
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
TotalConsolidated
|
|||||||
Major type of services:
|
||||||||||||||
Commissions for administration
|
|
|
|
|
|
(
|
|
|||||||
Commissions for assets under management
|
|
|
|
|
(
|
|
|
|||||||
Commissions for other securities
|
|
|
|
|
|
|
|
|||||||
Underwriting and advisory fees
|
|
|
|
|
|
(
|
|
|||||||
Brokerage fees
|
|
|
|
|
|
(
|
|
|||||||
Commissions for local payments
|
|
(
|
|
(
|
|
|
|
|||||||
Commissions for foreign commercial business
|
|
|
|
|
|
(
|
|
|||||||
Commissions for foreign currency/exchange business
|
|
|
|
|
|
(
|
|
|||||||
Commissions for loan processing and guarantees
|
|
|
|
|
|
|
|
|||||||
Intermediary fees
|
|
|
|
|
|
|
|
|||||||
Fees for sundry other customer services
|
|
|
|
|
|
|
|
|||||||
Total fee and commissions income
|
|
|
|
|
|
(
|
|
|||||||
Gross expense
|
(
|
|||||||||||||
Net fees and commissions
|
|
|||||||||||||
|
364
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Gains
|
|
|
|
|||
Losses
|
(
|
(
|
(
|
|||
Net gains (losses) from derecognition of financial assets measured at amortized cost
|
(
|
|
|
|||
in € m.
|
2022
|
2021
|
2020
|
|||
Other income (loss):
|
||||||
Insurance premiums
|
|
|
|
|||
Net income (loss) from hedge relationships qualifying for hedge accounting
|
(
|
|
(
|
|||
Remaining other income (loss)1
|
|
(
|
|
|||
Total other income (loss)
|
|
|
(
|
|||
in € m.
|
2022
|
2021
|
2020
|
|||
General and administrative expenses:
|
||||||
Information Technology
|
|
|
|
|||
Occupancy, furniture and equipment expenses
|
|
|
|
|||
Regulatory, Tax & Insurance1
|
|
|
|
|||
Professional services
|
|
|
|
|||
Banking Services and outsourced operations
|
|
|
|
|||
Market Data and Research Services
|
|
|
|
|||
Travel expenses
|
|
|
|
|||
Marketing expenses
|
|
|
|
|||
Other expenses2
|
|
|
|
|||
Total general and administrative expenses
|
|
|
|
|||
|
365
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Corporate Bank
|
(
|
|
|
|||
Investment Bank
|
|
|
|
|||
Private Bank
|
(
|
|
|
|||
Asset Management
|
|
|
|
|||
Capital Release Unit
|
(
|
(
|
|
|||
Corporate & Other
|
|
(
|
|
|||
Total Net Restructuring Charges
|
(
|
|
|
|||
in € m.
|
2022
|
2021
|
2020
|
|||
Restructuring – Staff related
|
(
|
|
|
|||
thereof:
|
||||||
Termination Benefits
|
(
|
|
|
|||
Retention Acceleration
|
|
|
|
|||
Social Security
|
|
|
|
|||
Restructuring – Non Staff related
|
(
|
|
|
|||
Total Net Restructuring Charges
|
(
|
|
|
|||
Full-time equivalent staff
|
2022
|
2021
|
2020
|
|||
Corporate Bank
|
|
|
|
|||
Investment Bank
|
|
|
|
|||
Private Bank
|
|
|
|
|||
Asset Management
|
|
|
|
|||
Capital Release Unit
|
|
|
|
|||
Infrastructure
|
|
|
|
|||
Total full-time equivalent staff
|
|
|
|
|||
|
366
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Net income (loss) attributable to Deutsche Bank shareholders and additional equity components
|
|
|
|
|||
Coupons paid on additional equity components
|
(
|
(
|
(
|
|||
Net income (loss) attributable to Deutsche Bank shareholders –numerator for basic earnings per share
|
|
|
|
|||
Effect of dilutive securities
|
|
|
|
|||
Net income (loss) attributable to Deutsche Bank shareholders after assumedconversions – numerator for diluted earnings per share
|
|
|
|
|||
Number of shares in million
|
||||||
Weighted-average shares outstanding – denominator for basic earnings per share
|
|
|
|
|||
Effect of dilutive securities:
|
||||||
Forwards
|
|
|
|
|||
Employee stock compensation options
|
|
|
|
|||
Deferred shares
|
|
|
|
|||
Other (including trading options)
|
|
|
|
|||
Dilutive potential common shares
|
|
|
|
|||
Adjusted weighted-average shares after assumed conversions –denominator for diluted earnings per share
|
|
|
|
|||
in €
|
2022
|
2021
|
2020
|
|||
Basic earnings per share
|
|
|
|
|||
Diluted earnings per share
|
|
|
|
|||
|
367
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Financial assets classified as held for trading:
|
||||
Trading assets:
|
||||
Trading securities
|
|
|
||
Other trading assets1
|
|
|
||
Total trading assets
|
|
|
||
Positive market values from derivative financial instruments
|
|
|
||
Total financial assets classified as held for trading
|
|
|
||
Non-trading financial assets mandatory at fair value through profit or loss:
|
||||
Securities purchased under resale agreements
|
|
|
||
Securities borrowed
|
|
|
||
Loans
|
|
|
||
Other financial assets mandatory at fair value through profit or loss
|
|
|
||
Total Non-trading financial assets mandatory at fair value through profit or loss
|
|
|
||
Financial assets designated at fair value through profit or loss:
|
||||
Loans
|
|
|
||
Other financial assets designated at fair value through profit or loss
|
|
|
||
Total financial assets designated at fair value through profit or loss
|
|
|
||
Total financial assets at fair value through profit or loss
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Financial liabilities classified as held for trading:
|
||||
Trading liabilities:
|
||||
Trading securities
|
|
|
||
Other trading liabilities
|
|
|
||
Total trading liabilities
|
|
|
||
Negative market values from derivative financial instruments
|
|
|
||
Total financial liabilities classified as held for trading
|
|
|
||
Financial liabilities designated at fair value through profit or loss:
|
||||
Securities sold under repurchase agreements
|
|
|
||
Loan commitments
|
|
|
||
Long-term debt
|
|
|
||
Other financial liabilities designated at fair value through profit or loss
|
|
|
||
Total financial liabilities designated at fair value through profit or loss
|
|
|
||
Investment contract liabilities
|
|
|
||
Total financial liabilities at fair value through profit or loss
|
|
|
||
|
368
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Notional value of financial assets exposed to credit risk
|
|
|
||
Annual change in the fair value reflected in the Statement of Income
|
|
|
||
Cumulative change in the fair value
|
|
|
||
Notional of credit derivatives used to mitigate credit risk
|
|
|
||
Annual change in the fair value reflected in the Statement of Income
|
|
|
||
Cumulative change in the fair value
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Presented in Other comprehensive Income
|
||||
Cumulative change in the fair value
|
|
|
||
Presented in Statement of income
|
||||
Annual change in the fair value reflected in the Statement of Income
|
|
|
||
Cumulative change in the fair value
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Cumulative gains or losses within equity during the period
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Amount presented in other comprehensive income realized at derecognition
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Including undrawn loan commitments²
|
|
|
||
Excluding undrawn loan commitments
|
|
|
||
|
369
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
370
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
371
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||
in € m.
|
Quotedprices inactive market(Level 1)
|
Valuationtechniqueobservableparameters(Level 2)
|
Valuationtechniqueunobservableparameters(Level 3)
|
Quotedprices inactive market(Level 1)
|
Valuationtechniqueobservableparameters(Level 2)
|
Valuationtechniqueunobservableparameters(Level 3)
|
||||||
Financial assets held at fair value:
|
||||||||||||
Trading assets
|
|
|
|
|
|
|
||||||
Trading securities
|
|
|
|
|
|
|
||||||
Other trading assets
|
|
|
|
|
|
|
||||||
Positive market values from derivative financial instruments
|
|
|
|
|
|
|
||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|
|
|
|
|
||||||
Financial assets designated at fair value through profit or loss
|
|
|
|
|
|
|
||||||
Financial assets at fair value through other comprehensive income
|
|
|
|
|
|
|
||||||
Other financial assets at fair value
|
|
(
|
|
|
|
|
||||||
Total financial assets held at fair value
|
|
|
|
|
|
|
||||||
Financial liabilities held at fair value:
|
||||||||||||
Trading liabilities
|
|
|
|
|
|
|
||||||
Trading securities
|
|
|
|
|
|
|
||||||
Other trading liabilities
|
|
|
|
|
|
|
||||||
Negative market values from derivative financial instruments
|
|
|
|
|
|
|
||||||
Financial liabilities designated at fair value through profit or loss
|
|
|
|
|
|
|
||||||
Investment contract liabilities
|
|
|
|
|
|
|
||||||
Other financial liabilities at fair value
|
|
|
(
|
|
|
(
|
||||||
Total financial liabilities held at fair value
|
|
|
|
|
|
|
||||||
|
372
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
373
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
374
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
375
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||||||||
in € m.
|
Balance,beginningof year
|
Changesin thegroup ofconsoli-datedcompanies
|
Totalgains/losses1
|
Purchases
|
Sales
|
Issu-ances2
|
Settle-ments3
|
TransfersintoLevel 34
|
Transfersout ofLevel 34
|
Balance,end ofyear
|
||||||||||
Financial assets held atfair value:
|
||||||||||||||||||||
Trading securities
|
|
|
(
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Positive market valuesfrom derivative financialinstruments
|
|
|
(
|
|
|
|
(
|
|
(
|
|
||||||||||
Other trading assets
|
|
(
|
(
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
(
|
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Financial assets designated at fair value through profit or loss
|
|
|
|
|
|
|
(
|
|
|
|
||||||||||
Financial assets at fair value through other comprehensive income
|
|
|
(
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Other financial assets atfair value
|
|
|
|
|
|
|
|
|
(
|
|
||||||||||
Total financial assets heldat fair value
|
|
(
|
(
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Financial liabilities heldat fair value:
|
||||||||||||||||||||
Trading securities
|
|
|
(
|
|
|
|
(
|
|
|
|
||||||||||
Negative market valuesfrom derivative financialinstruments
|
|
|
(
|
|
|
|
(
|
|
(
|
|
||||||||||
Other trading liabilities
|
|
|
(
|
|
|
|
|
|
|
|
||||||||||
Financial liabilitiesdesignated at fair valuethrough profit or loss
|
|
|
(
|
|
|
|
(
|
|
(
|
|
||||||||||
Other financial liabilitiesat fair value
|
(
|
|
(
|
|
|
|
|
|
(
|
(
|
||||||||||
Total financial liabilitiesheld at fair value
|
|
|
(
|
|
|
|
(
|
|
(
|
|
||||||||||
|
376
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||||||||
in € m.
|
Balance,beginningof year
|
Changesin thegroup ofconsoli-datedcompanies
|
Totalgains/losses1
|
Purchases
|
Sales
|
Issu-ances2
|
Settle-ments3
|
TransfersintoLevel 34
|
Transfersout ofLevel 34
|
Balance,end ofyear
|
||||||||||
Financial assets held atfair value:
|
||||||||||||||||||||
Trading securities
|
|
(
|
(
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Positive market valuesfrom derivative financialinstruments
|
|
|
|
|
|
|
(
|
|
(
|
|
||||||||||
Other trading assets
|
|
|
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Financial assets designated at fair value through profit or loss
|
|
|
(
|
|
|
|
|
|
|
|
||||||||||
Financial assets at fair value through other comprehensive income
|
|
|
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Other financial assets atfair value
|
|
|
|
|
|
|
(
|
|
|
|
||||||||||
Total financial assets heldat fair value
|
|
(
|
|
|
(
|
|
(
|
|
(
|
|
||||||||||
Financial liabilities held atfair value:
|
||||||||||||||||||||
Trading securities
|
|
|
|
|
|
|
(
|
|
(
|
|
||||||||||
Negative market valuesfrom derivative financialinstruments
|
|
|
|
|
|
|
(
|
|
(
|
|
||||||||||
Other trading liabilities
|
|
|
(
|
|
|
|
|
|
|
|
||||||||||
Financial liabilitiesdesignated at fair valuethrough profit or loss
|
|
|
|
|
|
|
(
|
|
(
|
|
||||||||||
Other financial liabilitiesat fair value
|
(
|
|
(
|
|
|
|
|
|
|
(
|
||||||||||
Total financial liabilitiesheld at fair value
|
|
|
|
|
|
|
(
|
|
(
|
|
||||||||||
|
377
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||
in € m.
|
Positive fair valuemovement fromusing reasonablepossible alternatives
|
Negative fair valuemovement fromusing reasonablepossible alternatives
|
Positive fair valuemovement fromusing reasonablepossible alternatives
|
Negative fair valuemovement fromusing reasonablepossible alternatives
|
||||
Securities:
|
||||||||
Debt securities
|
|
|
|
|
||||
Commercial mortgage-backed securities
|
|
|
|
|
||||
Mortgage and other asset-backed securities
|
|
|
|
|
||||
Corporate, sovereign and other debt securities
|
|
|
|
|
||||
Equity securities
|
|
|
|
|
||||
Derivatives:
|
||||||||
Credit
|
|
|
|
|
||||
Equity
|
|
|
|
|
||||
Interest related
|
|
|
|
|
||||
Foreign Exchange
|
|
|
|
|
||||
Other
|
|
|
|
|
||||
Loans:
|
||||||||
Loans
|
|
|
|
|
||||
Other
|
|
|
|
|
||||
Total
|
|
|
|
|
||||
|
378
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
379
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||
Fair value
|
||||||||||||
in € m.(unless stated otherwise)
|
Assets
|
Liabilities
|
Valuation technique(s)¹
|
Significant unobservableinput(s) (Level 3)
|
Range
|
|||||||
Financial instruments held at fair value –Non-Derivative financial instruments held at fair value:
|
||||||||||||
Mortgage and other asset backedsecurities held for trading:
|
||||||||||||
Commercial mortgage-backedsecurities
|
|
|
Price based
|
Price
|
|
|
||||||
Discounted cash flow
|
Credit spread (bps)
|
|
|
|||||||||
Mortgage- and other asset-backedsecurities
|
|
|
Price based
|
Price
|
|
|
||||||
Discounted cash flow
|
Credit spread (bps)
|
|
|
|||||||||
Recovery rate
|
|
|
||||||||||
Constant default rate
|
|
|
||||||||||
Constant prepayment rate
|
|
|
||||||||||
Total mortgage- and other asset-backedsecurities
|
|
|
||||||||||
Debt securities and otherdebt obligations
|
|
|
Price based
|
Price
|
|
|
||||||
Held for trading
|
|
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Corporate, sovereign andother debt securities
|
|
|||||||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|||||||||||
Designated at fair value through profit or loss
|
|
|
||||||||||
Financial assets at fair value through other comprehensive income
|
|
|||||||||||
Equity securities
|
|
|
Market approach
|
Price per net asset value
|
|
|
||||||
Held for trading
|
|
|
Enterprise value/EBITDA(multiple)
|
|
|
|||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
Discounted cash flow
|
Weighted average cost capital
|
|
|
|||||||
Designated at fair value through profit or loss
|
|
Price based
|
Price
|
|
|
|||||||
Loans
|
|
|
Price based
|
Price
|
|
|
||||||
Held for trading
|
|
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|||||||||||
Designated at fair value through profit or loss
|
|
|
Recovery rate
|
|
|
|||||||
Financial assets at fair value through other comprehensive income
|
|
|||||||||||
Loan commitments
|
|
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Recovery rate
|
|
|
||||||||||
Loan pricing model
|
Utilization
|
|
|
|||||||||
Other financial instruments
|
|
|
Discounted cash flow
|
IRR
|
|
|
||||||
Repo rate (bps)
|
|
|
||||||||||
Total non-derivative financialinstruments held at fair value
|
|
|
||||||||||
|
380
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||
Fair value
|
||||||||||||
in € m.(unless stated otherwise)
|
Assets
|
Liabilities
|
Valuation technique(s)
|
Significant unobservableinput(s) (Level 3)
|
Range
|
|||||||
Financial instruments held at fair value:
|
||||||||||||
Market values from derivativefinancial instruments:
|
||||||||||||
Interest rate derivatives
|
|
|
Discounted cash flow
|
Swap rate (bps)
|
(
|
|
||||||
Inflation swap rate
|
(
|
|
||||||||||
Constant default rate
|
|
|
||||||||||
Constant prepayment rate
|
|
|
||||||||||
Option pricing model
|
Inflation volatility
|
|
|
|||||||||
Interest rate volatility
|
|
|
||||||||||
IR - IR correlation
|
(
|
|
||||||||||
Hybrid correlation
|
(
|
|
||||||||||
Credit derivatives
|
|
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Recovery rate
|
|
|
||||||||||
Correlation pricingmodel
|
Credit correlation
|
|
|
|||||||||
Equity derivatives
|
|
|
Option pricing model
|
Stock volatility
|
|
|
||||||
Index volatility
|
|
|
||||||||||
Index - index correlation
|
|
|
||||||||||
Stock - stock correlation
|
|
|
||||||||||
Stock Forwards
|
|
|
||||||||||
Index Forwards
|
|
|
||||||||||
FX derivatives
|
|
|
Option pricing model
|
Volatility
|
(
|
|
||||||
Quoted Vol
|
|
|
||||||||||
Discounted cash flow
|
Swap rate (bps)
|
(
|
|
|||||||||
Other derivatives
|
|
(
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Option pricing model
|
Index volatility
|
|
|
|||||||||
Commodity correlation
|
|
|
||||||||||
Total market values from derivativefinancial instruments
|
|
|
||||||||||
|
381
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
Dec 31, 2021
|
|||||||||||
Fair value
|
||||||||||||
in € m.(unless stated otherwise)
|
Assets
|
Liabilities
|
Valuation technique(s)¹
|
Significant unobservableinput(s) (Level 3)
|
Range
|
|||||||
Financial instruments held at fair value –Non-Derivative financial instrumentsheld at fair value:
|
||||||||||||
Mortgage and other asset backedsecurities held for trading:
|
||||||||||||
Commercial mortgage-backedsecurities
|
|
|
Price based
|
Price
|
|
|
||||||
Discounted cash flow
|
Credit spread (bps)
|
|
|
|||||||||
Mortgage- and other asset-backedsecurities
|
|
|
Price based
|
Price
|
|
|
||||||
Discounted cash flow
|
Credit spread (bps)
|
|
|
|||||||||
Recovery rate
|
|
|
||||||||||
Constant default rate
|
|
|
||||||||||
Constant prepayment rate
|
|
|
||||||||||
Total mortgage- and other asset-backedsecurities
|
|
|
||||||||||
Debt securities and other debtobligations
|
|
|
Price based
|
Price
|
|
|
||||||
Held for trading
|
|
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Corporate, sovereign and otherdebt securities
|
|
|||||||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|||||||||||
Designated at fair value through profit or loss
|
|
|
||||||||||
Financial assets at fair value through other comprehensive income
|
|
|||||||||||
Equity securities
|
|
|
Market approach
|
Price per net asset value
|
|
|
||||||
Held for trading
|
|
|
Enterprise value/EBITDA(multiple)
|
|
|
|||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
Discounted cash flow
|
Weighted average cost capital
|
|
|
|||||||
Designated at fair value through profit or loss
|
|
Price based
|
Price
|
|
|
|||||||
Loans
|
|
|
Price based
|
Price
|
|
|
||||||
Held for trading
|
|
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|||||||||||
Designated at fair value through profit or loss
|
|
|
Recovery rate
|
|
|
|||||||
Financial assets at fair value through other comprehensive income
|
|
|||||||||||
Loan commitments
|
|
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Recovery rate
|
|
|
||||||||||
Loan pricing model
|
Utilization
|
|
|
|||||||||
Other financial instruments
|
|
|
Discounted cash flow
|
IRR
|
|
|
||||||
Repo rate (bps)
|
(
|
|
||||||||||
Total non-derivative financialinstruments held at fair value
|
|
|
||||||||||
|
382
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||
Fair value
|
||||||||||||
in € m.(unless stated otherwise)
|
Assets
|
Liabilities
|
Valuation technique(s)
|
Significant unobservableinput(s) (Level 3)
|
Range
|
|||||||
Financial instruments held at fair value:
|
||||||||||||
Market values from derivativefinancial instruments:
|
||||||||||||
Interest rate derivatives
|
|
|
Discounted cash flow
|
Swap rate (bps)
|
(
|
|
||||||
Inflation swap rate
|
|
|
||||||||||
Constant default rate
|
|
|
||||||||||
Constant prepayment rate
|
|
|
||||||||||
Option pricing model
|
Inflation volatility
|
|
|
|||||||||
Interest rate volatility
|
|
|
||||||||||
IR - IR correlation
|
(
|
|
||||||||||
Hybrid correlation
|
(
|
|
||||||||||
Credit derivatives
|
|
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Recovery rate
|
|
|
||||||||||
Correlation pricingmodel
|
Credit correlation
|
|
|
|||||||||
Equity derivatives
|
|
|
Option pricing model
|
Stock volatility
|
|
|
||||||
Index volatility
|
|
|
||||||||||
Index - index correlation
|
|
|
||||||||||
Stock - stock correlation
|
|
|
||||||||||
Stock Forwards
|
|
|
||||||||||
Index Forwards
|
|
|
||||||||||
FX derivatives
|
|
|
Option pricing model
|
Volatility
|
(
|
|
||||||
Quoted Vol
|
|
|
||||||||||
Other derivatives
|
|
|
Discounted cash flow
|
Credit spread (bps)
|
|
|
||||||
Option pricing model
|
Index volatility
|
|
|
|||||||||
Commodity correlation
|
|
|
||||||||||
Total market values from derivativefinancial instruments
|
|
|
||||||||||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
|||
Financial assets held at fair value:
|
|||||
Trading securities
|
(
|
(
|
|||
Positive market values from derivative financial instruments
|
(
|
|
|||
Other trading assets
|
(
|
|
|||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|
|||
Financial assets designated at fair value through profit or loss
|
(
|
(
|
|||
Other financial assets at fair value
|
|
|
|||
Total financial assets held at fair value
|
(
|
|
|||
Financial liabilities held at fair value:
|
|||||
Trading securities
|
|
(
|
|||
Negative market values from derivative financial instruments
|
|
(
|
|||
Other trading liabilities
|
|
|
|||
Financial liabilities designated at fair value through profit or loss
|
|
|
|||
Other financial liabilities at fair value
|
|
|
|||
Total financial liabilities held at fair value
|
|
(
|
|||
Total
|
(
|
|
|||
|
383
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
||
Balance, beginning of year
|
|
|
||
New trades during the period
|
|
|
||
Amortization
|
(
|
(
|
||
Matured trades
|
(
|
(
|
||
Subsequent move to observability
|
(
|
(
|
||
Exchange rate changes
|
|
|
||
Balance, end of year
|
|
|
||
Assets
|
Liabilities
|
Cash and central bank balances
|
Deposits
|
Interbank balances (w/o central banks)
|
Central bank funds purchased and securities sold under repurchase agreements
|
Central bank funds sold and securities purchased under resale agreements
|
Securities loaned
|
Securities borrowed
|
Other short-term borrowings
|
Other financial assets
|
Other financial liabilities
|
|
384
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||
in € m.
|
Carrying value
|
Fair value
|
Quotedprices inactive market(Level 1)
|
Valuationtechniqueobservableparameters(Level 2)
|
Valuationtechniqueunobservableparameters(Level 3)
|
|||||
Financial assets:
|
||||||||||
Cash and central bank balances
|
|
|
|
|
|
|||||
Interbank balances (w/o central banks)
|
|
|
|
|
|
|||||
Central bank funds sold and securitiespurchased under resale agreements
|
|
|
|
|
|
|||||
Securities borrowed
|
|
|
|
|
|
|||||
Loans
|
|
|
|
|
|
|||||
Other financial assets
|
|
|
|
|
|
|||||
Financial liabilities:
|
||||||||||
Deposits
|
|
|
|
|
|
|||||
Central bank funds purchased and securitiessold under repurchase agreements
|
|
|
|
|
|
|||||
Securities loaned
|
|
|
|
|
|
|||||
Other short-term borrowings
|
|
|
|
|
|
|||||
Other financial liabilities
|
|
|
|
|
|
|||||
Long-term debt
|
|
|
|
|
|
|||||
Trust preferred securities
|
|
|
|
|
|
|||||
Dec 31, 2021
|
||||||||||
in € m.
|
Carrying value
|
Fair value
|
Quotedprices inactive market(Level 1)
|
Valuationtechniqueobservableparameters(Level 2)
|
Valuationtechniqueunobservableparameters(Level 3)
|
|||||
Financial assets:
|
||||||||||
Cash and central bank balances
|
|
|
|
|
|
|||||
Interbank balances (w/o central banks)
|
|
|
|
|
|
|||||
Central bank funds sold and securitiespurchased under resale agreements
|
|
|
|
|
|
|||||
Securities borrowed
|
|
|
|
|
|
|||||
Loans
|
|
|
|
|
|
|||||
Other financial assets
|
|
|
|
|
|
|||||
Financial liabilities:
|
||||||||||
Deposits
|
|
|
|
|
|
|||||
Central bank funds purchased and securitiessold under repurchase agreements
|
|
|
|
|
|
|||||
Securities loaned
|
|
|
|
|
|
|||||
Other short-term borrowings
|
|
|
|
|
|
|||||
Other financial liabilities
|
|
|
|
|
|
|||||
Long-term debt
|
|
|
|
|
|
|||||
Trust preferred securities
|
|
|
|
|
|
|||||
|
385
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Securities purchased under resale agreement
|
|
|
||
Debt securities:
|
||||
German government
|
|
|
||
U.S. Treasury and U.S. government agencies
|
|
|
||
U.S. local (municipal) governments
|
|
|
||
Other foreign governments
|
|
|
||
Corporates
|
|
|
||
Other asset-backed securities
|
|
|
||
Mortgage-backed securities, including obligations of U.S. federal agencies
|
|
|
||
Other debt securities
|
|
|
||
Total debt securities
|
|
|
||
Loans
|
|
|
||
Total financial assets at fair value through other comprehensive income
|
|
|
||
Investment
|
Principal place of business
|
Nature of relationship
|
Ownership percentage
|
|||
Huarong Rongde Asset Management Company Limited
|
|
|
|
|||
Harvest Fund Management Co., Ltd.
|
|
|
|
|||
in € m.
|
Dec 31, 2021
|
Dec 31, 2020
|
||
Total net revenues
|
(
|
|
||
Net income
|
(
|
|
||
Other comprehensive income
|
0
|
0
|
||
Total comprehensive income2
|
(
|
|
||
in € m.
|
Dec 31, 2021
|
Dec 31, 2020
|
||
Current assets
|
|
|
||
Non-Current assets
|
|
|
||
Total assets
|
|
|
||
Current liabilities
|
|
|
||
Non-Current liabilities
|
|
|
||
Total liabilities
|
|
|
||
Noncontrolling Interest
|
0
|
0
|
||
Net assets of the equity method investee
|
|
|
||
in € m.
|
Dec 31, 2021
|
Dec 31, 2020
|
||
Net assets of the equity method investee
|
|
|
||
Group's ownership percentage on the investee's equity
|
|
|
||
Group's share of net assets
|
|
|
||
Goodwill
|
0
|
0
|
||
Intangible Assets
|
0
|
0
|
||
Other adjustments2
|
(
|
(
|
||
Carrying amount
|
|
|
||
|
386
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022¹
|
Dec 31, 2021²
|
||
Total net revenues
|
|
|
||
Net income
|
|
|
||
Other comprehensive income
|
|
(
|
||
Total comprehensive income3
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Current assets
|
|
|
||
Non-Current assets
|
|
|
||
Total assets
|
|
|
||
Current liabilities
|
|
|
||
Non-Current liabilities
|
|
|
||
Total liabilities
|
|
|
||
Noncontrolling Interest
|
|
|
||
Net assets of the equity method investee
|
|
|
||
in € m.
|
Dec 31, 2022¹
|
Dec 31, 2021²
|
||
Net assets of the equity method investee
|
|
|
||
Group's ownership percentage on the investee's equity
|
|
|
||
Group's share of net assets
|
|
|
||
Goodwill
|
|
|
||
Intangible Assets
|
|
|
||
Other adjustments
|
|
|
||
Carrying amount3
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Carrying amount of all associates that are individually immaterial to the Group
|
|
|
||
Aggregated amount of the Group's share of profit (loss) from continuing operations
|
|
|
||
Aggregated amount of the Group's share of post-tax profit (loss) from discontinued operations
|
0
|
0
|
||
Aggregated amount of the Group's share of other comprehensive income
|
|
(
|
||
Aggregated amount of the Group's share of total comprehensive income
|
|
|
||
|
387
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
Amounts not set off on the balance sheet
|
||||||||||||||
in € m.
|
Grossamountsof financialassets
|
Grossamountsset offon thebalancesheet
|
Netamountsof financialassetspresentedon thebalancesheet
|
Impact ofMasterNettingAgreements
|
Cashcollateral
|
Financialinstrumentcollateral¹
|
Net amount
|
|||||||
Central bank funds sold and securities purchasedunder resale agreements (enforceable)
|
|
(
|
|
(
|
|
(
|
|
|||||||
Central bank funds sold and securities purchasedunder resale agreements (non-enforceable)
|
|
|
|
|
|
(
|
|
|||||||
Securities borrowed (enforceable)
|
|
|
|
|
|
|
|
|||||||
Securities borrowed (non-enforceable)
|
|
|
|
|
|
|
|
|||||||
Financial assets at fair value through profit or loss (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Of which: Positive market values from derivative financial instruments (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Financial assets at fair value through profit or loss (non-enforceable)
|
|
|
|
|
(
|
(
|
|
|||||||
Of which: Positive market values from derivative financial instruments (non-enforceable)
|
|
|
|
|
(
|
(
|
|
|||||||
Total financial assets at fair value through profitor loss
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Loans at amortized cost
|
|
|
|
|
(
|
(
|
|
|||||||
Other assets
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Of which: Positive market values from derivatives qualifying for hedge accounting (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Remaining assets subject to netting
|
|
|
|
|
|
|
|
|||||||
Remaining assets not subject to netting
|
|
|
|
|
(
|
(
|
|
|||||||
Total assets
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
|
388
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
Amounts not set off on the balance sheet
|
||||||||||||||
in € m.
|
Grossamountsof financialliabilities
|
Grossamountsset offon thebalancesheet
|
Netamountsof financialliabilitiespresentedon thebalancesheet
|
Impact ofMasterNettingAgreements
|
Cashcollateral
|
Financialinstrumentcollateral¹
|
Net amount
|
|||||||
Deposits
|
|
|
|
|
|
|
|
|||||||
Central bank funds purchased and securities soldunder repurchase agreements (enforceable)
|
|
(
|
|
|
|
(
|
|
|||||||
Central bank funds purchased and securities soldunder repurchase agreements (non-enforceable)
|
|
|
|
|
|
(
|
|
|||||||
Securities loaned (enforceable)
|
|
|
|
|
|
(
|
|
|||||||
Securities loaned (non-enforceable)
|
|
|
|
|
|
(
|
|
|||||||
Financial liabilities at fair value through profit or loss (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Of which: Negative market values from derivative financial instruments (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Financial liabilities at fair value through profit or loss (non-enforceable)
|
|
|
|
|
(
|
(
|
|
|||||||
Of which: Negative market values from derivative financial instruments (non-enforceable)
|
|
|
|
|
(
|
(
|
|
|||||||
Total financial liabilities at fair value through profitor loss
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Other liabilities
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Of which: Negative market values from derivatives qualifying for hedge accounting (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Remaining liabilities not subject to netting
|
|
|
|
|
|
|
|
|||||||
Total liabilities
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Dec 31, 2021
|
||||||||||||||
Amounts not set off on the balance sheet
|
||||||||||||||
in € m.
|
Grossamountsof financialassets
|
Grossamountsset offon thebalancesheet
|
Netamountsof financialassetspresentedon thebalancesheet
|
Impact ofMasterNettingAgreements
|
Cashcollateral
|
Financialinstrumentcollateral¹
|
Net amount
|
|||||||
Central bank funds sold and securities purchasedunder resale agreements (enforceable)
|
|
(
|
|
|
|
(
|
|
|||||||
Central bank funds sold and securities purchasedunder resale agreements (non-enforceable)
|
|
|
|
|
|
(
|
|
|||||||
Securities borrowed (enforceable)
|
|
|
|
|
|
(
|
|
|||||||
Securities borrowed (non-enforceable)
|
|
|
|
|
|
|
|
|||||||
Financial assets at fair value through profit or loss (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Of which: Positive market values from derivative financial instruments (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Financial assets at fair value through profit or loss (non-enforceable)
|
|
|
|
|
(
|
(
|
|
|||||||
Of which: Positive market values from derivative financial instruments (non-enforceable)
|
|
|
|
|
(
|
(
|
|
|||||||
Total financial assets at fair value through profitor loss
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Loans at amortized cost
|
|
|
|
|
(
|
(
|
|
|||||||
Other assets
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Of which: Positive market values from derivatives qualifying for hedge accounting (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Remaining assets subject to netting
|
|
|
|
|
|
|
|
|||||||
Remaining assets not subject to netting
|
|
|
|
|
(
|
(
|
|
|||||||
Total assets
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
|
389
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||||||
Amounts not set off on the balance sheet
|
||||||||||||||
in € m.
|
Grossamountsof financialliabilities
|
Grossamountsset offon thebalancesheet
|
Netamountsof financialliabilitiespresentedon thebalancesheet
|
Impact ofMasterNettingAgreements
|
Cashcollateral
|
Financialinstrumentcollateral¹
|
Net amount
|
|||||||
Deposits
|
|
|
|
|
|
|
|
|||||||
Central bank funds purchased and securities soldunder repurchase agreements (enforceable)
|
|
(
|
|
|
|
(
|
|
|||||||
Central bank funds purchased and securities soldunder repurchase agreements (non-enforceable)
|
|
0
|
|
0
|
0
|
0
|
|
|||||||
Securities loaned (enforceable)
|
|
0
|
|
0
|
0
|
(
|
|
|||||||
Securities loaned (non-enforceable)
|
|
|
|
|
|
(
|
|
|||||||
Financial liabilities at fair value through profit or loss (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Of which: Negative market values from derivative financial instruments (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Financial liabilities at fair value through profit or loss (non-enforceable)
|
|
|
|
|
(
|
(
|
|
|||||||
Of which: Negative market values from derivative financial instruments (non-enforceable)
|
|
|
|
|
(
|
(
|
|
|||||||
Total financial liabilities at fair value through profitor loss
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Other liabilities
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Of which: Negative market values from derivatives qualifying for hedge accounting (enforceable)
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
Remaining liabilities not subject to netting
|
|
|
|
|
|
|
|
|||||||
Total liabilities
|
|
(
|
|
(
|
(
|
(
|
|
|||||||
|
390
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Agriculture, forestry and fishing
|
|
|
||
Mining and quarrying
|
|
|
||
Manufacturing
|
|
|
||
Electricity, gas, steam and air conditioning supply
|
|
|
||
Water supply, sewerage, waste management and remediation activities
|
|
|
||
Construction
|
|
|
||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
|
|
||
Transport and storage
|
|
|
||
Accommodation and food service activities
|
|
|
||
Information and communication
|
|
|
||
Financial and insurance activities
|
|
|
||
Real estate activities
|
|
|
||
Professional, scientific and technical activities
|
|
|
||
Administrative and support service activities
|
|
|
||
Public administration and defense, compulsory social security
|
|
|
||
Education
|
|
|
||
Human health services and social work activities
|
|
|
||
Arts, entertainment and recreation
|
|
|
||
Other service activities
|
|
|
||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
|
|
||
Activities of extraterritorial organizations and bodies
|
|
|
||
Gross loans
|
|
|
||
(Deferred expense)/unearned income
|
|
|
||
Loans less (deferred expense)/unearned income
|
|
|
||
Less: Allowance for loan losses
|
|
|
||
Total loans
|
|
|
||
|
391
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||
Allowance for Credit Losses²
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI⁴
|
Total
|
|||||
Balance, beginning of year
|
440
|
532
|
3,740
|
182
|
4,895
|
|||||
Movements in financial assets including new business and credit extensions
|
(32)
|
204
|
887
|
22
|
1,081
|
|||||
Transfers due to changes in creditworthiness
|
122
|
(121)
|
(0)
|
N/M
|
0
|
|||||
Changes due to modifications that did not result inderecognition
|
N/M
|
N/M
|
N/M
|
N/M
|
N/M
|
|||||
Changes in models
|
0
|
0
|
0
|
0
|
0
|
|||||
Financial assets that have been derecognized during the period³
|
0
|
0
|
(1,014)
|
(28)
|
(1,043)
|
|||||
Recovery of written off amounts
|
0
|
0
|
68
|
3
|
71
|
|||||
Foreign exchange and other changes
|
2
|
12
|
(25)
|
1
|
(10)
|
|||||
Balance, end of reporting period
|
533
|
626
|
3,656
|
180
|
4,995
|
|||||
Provision for Credit Losses excluding country risk¹
|
90
|
82
|
886
|
22
|
1,081
|
|||||
Dec 31, 2021
|
||||||||||
Allowance for Credit Losses²
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI⁴
|
Total
|
|||||
Balance, beginning of year
|
544
|
648
|
3,614
|
139
|
4,946
|
|||||
Movements in financial assets including new business and credit extensions
|
(245)
|
85
|
615
|
26
|
480
|
|||||
Transfers due to changes in creditworthiness
|
138
|
(197)
|
58
|
N/M
|
0
|
|||||
Changes due to modifications that did not result inderecognition
|
N/M
|
N/M
|
N/M
|
N/M
|
N/M
|
|||||
Changes in models
|
0
|
0
|
0
|
0
|
0
|
|||||
Financial assets that have been derecognized during the period³
|
0
|
0
|
(561)
|
(5)
|
(566)
|
|||||
Recovery of written off amounts
|
0
|
0
|
55
|
23
|
78
|
|||||
Foreign exchange and other changes
|
3
|
(4)
|
(41)
|
(0)
|
(43)
|
|||||
Balance, end of reporting period
|
440
|
532
|
3,740
|
182
|
4,895
|
|||||
Provision for Credit Losses excluding country risk¹
|
(107)
|
(112)
|
673
|
26
|
480
|
|||||
Dec 31, 2020
|
||||||||||
Allowance for Credit Losses²
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI⁴
|
Total
|
|||||
Balance, beginning of year
|
549
|
492
|
3,015
|
36
|
4,093
|
|||||
Movements in financial assets including new business and credit extensions
|
(44)
|
309
|
1,348
|
72
|
1,686
|
|||||
Transfers due to changes in creditworthiness
|
77
|
(125)
|
49
|
0
|
||||||
Changes due to modifications that did not result inderecognition
|
N/M
|
N/M
|
N/M
|
N/M
|
N/M
|
|||||
Changes in models
|
0
|
0
|
0
|
0
|
0
|
|||||
Financial assets that have been derecognized during the period³
|
0
|
0
|
(781)
|
0
|
(781)
|
|||||
Recovery of written off amounts
|
0
|
0
|
58
|
0
|
58
|
|||||
Foreign exchange and other changes
|
(38)
|
(28)
|
(75)
|
31
|
(110)
|
|||||
Balance, end of reporting period
|
544
|
648
|
3,614
|
139
|
4,946
|
|||||
Provision for Credit Losses excluding country risk¹
|
33
|
184
|
1,397
|
72
|
1,686
|
|||||
|
392
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||
Allowance for Credit Losses
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Fair Value through OCI
|
14
|
12
|
43
|
0
|
69
|
|||||
Dec 31, 2021
|
||||||||||
Allowance for Credit Losses
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Fair Value through OCI
|
15
|
10
|
16
|
0
|
41
|
|||||
Dec 31, 2020
|
||||||||||
Allowance for Credit Losses
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Fair Value through OCI
|
12
|
6
|
2
|
0
|
20
|
|||||
Dec 31, 2022
|
||||||||||
Allowance for Credit Losses2
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
0
|
|
|||||
Movements including new business
|
|
(
|
|
0
|
|
|||||
Transfers due to changes in creditworthiness
|
|
(
|
|
0
|
0
|
|||||
Changes in models
|
0
|
0
|
0
|
0
|
0
|
|||||
Foreign exchange and other changes
|
|
|
|
0
|
|
|||||
Balance, end of reporting period
|
|
|
|
0
|
|
|||||
of which: Financial guarantees
|
|
|
|
0
|
|
|||||
Provision for Credit Losses excluding country risk1
|
|
(
|
|
0
|
|
|||||
Dec 31, 2021
|
||||||||||
Allowance for Credit Losses2
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
|
|
|||||
Movements including new business
|
(
|
|
|
|
|
|||||
Transfers due to changes in creditworthiness
|
|
(
|
|
|
|
|||||
Changes in models
|
|
|
|
|
|
|||||
Foreign exchange and other changes
|
|
|
|
|
|
|||||
Balance, end of reporting period
|
|
|
|
|
|
|||||
of which: Financial guarantees
|
|
|
|
|
|
|||||
Provision for Credit Losses excluding country risk1
|
(
|
|
|
|
|
|||||
Dec 31, 2020
|
||||||||||
Allowance for Credit Losses2
|
||||||||||
in € m.
|
Stage 1
|
Stage 2
|
Stage 3
|
Stage 3 POCI
|
Total
|
|||||
Balance, beginning of year
|
|
|
|
|
|
|||||
Movements including new business
|
|
|
|
|
|
|||||
Transfers due to changes in creditworthiness
|
0
|
0
|
(1)
|
0
|
0
|
|||||
Changes in models
|
0
|
0
|
0
|
0
|
0
|
|||||
Foreign exchange and other changes
|
|
|
(
|
|
|
|||||
Balance, end of reporting period
|
|
|
|
|
|
|||||
of which: Financial guarantees
|
|
|
|
|
|
|||||
Provision for Credit Losses excluding country risk1
|
13
|
22
|
40
|
0
|
75
|
|||||
|
393
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Carrying amount of transferred assets
|
||||
Trading securities not derecognized due to the following transactions:
|
||||
Repurchase agreements
|
|
|
||
Securities lending agreements
|
|
|
||
Total return swaps
|
|
|
||
Other
|
|
|
||
Total trading securities
|
|
|
||
Other trading assets
|
|
|
||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|
||
Financial assets at fair value through other comprehensive income
|
|
|
||
Loans at amortized cost1
|
|
|
||
Others
|
|
|
||
Total
|
|
|
||
Carrying amount of associated liabilities
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Carrying amount of the original assets transferred
|
||||
Trading securities
|
|
|
||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|
||
Carrying amount of the assets continued to be recognized
|
||||
Trading securities
|
|
|
||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|
||
Carrying amount of associated liabilities
|
|
|
||
|
394
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31,2022
|
Dec 31,2021
|
|||||||||||
in € m.
|
Carryingvalue
|
Fair value
|
MaximumExposureto Loss¹
|
Carryingvalue
|
Fair value
|
MaximumExposureto Loss¹
|
||||||
Loans at amortized cost
|
||||||||||||
Securitization notes
|
|
|
|
|
|
|
||||||
Other
|
|
|
|
|
|
|
||||||
Total loans at amortized cost
|
|
|
|
|
|
|
||||||
Financial assets held at fair value through profit or loss
|
||||||||||||
Securitization notes
|
|
|
|
|
|
|
||||||
Non-standard Interest Rate, cross-currency or inflation-linked swap
|
|
|
|
|
|
|
||||||
Total financial assets held at fair value through profit or loss
|
|
|
|
|
|
|
||||||
Financial assets at fair value through other comprehensive income:
|
||||||||||||
Securitization notes
|
|
|
|
|
|
|
||||||
Other
|
|
|
|
|
|
|
||||||
Total financial assets at fair value through other comprehensive income
|
|
|
|
|
|
|
||||||
Total financial assets representing on-going involvement
|
|
|
|
|
|
|
||||||
Financial liabilities held at fair value through profit or loss
|
||||||||||||
Non-standard Interest Rate, cross-currency or inflation-linked swap
|
|
|
|
|
|
|
||||||
Total financial liabilities representing on-going involvement
|
|
|
|
|
|
|
||||||
Dec 31,2022
|
Dec 31,2021
|
|||||||||||
in € m.
|
Year-to-date P&L
|
CumulativeP&L
|
Gain/(loss)on disposal
|
Year-to-date P&L
|
CumulativeP&L
|
Gain/(loss)on disposal
|
||||||
Securitization notes
|
|
|
(
|
|
|
|
||||||
Non-standard Interest Rate, cross-currency orinflation-linked swap
|
(
|
(
|
|
|
|
|
||||||
Net gains/(losses) recognized from on-goinginvolvement in derecognized assets
|
|
|
(
|
|
|
|
||||||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Financial assets at fair value through profit or loss
|
|
|
||
Financial assets at fair value through other comprehensive income
|
|
|
||
Loans
|
|
|
||
Other
|
|
|
||
Total
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Financial assets at fair value through profit or loss
|
|
|
||
Financial assets at fair value through other comprehensive income
|
|
|
||
Loans
|
|
|
||
Other
|
|
|
||
Total
|
|
|
||
|
395
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Securities and other financial assets accepted as collateral
|
|
|
||
Of which:
|
||||
Collateral sold or repledged
|
|
|
||
|
396
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Owner occupied properties
|
Furniture and equipment
|
Leasehold improvements
|
Construction-in-progress
|
Property and equipment owned (IAS 16)
|
Right-of-use for leased assets (IFRS 16)
|
Total
|
|||||||
Cost of acquisition:
|
||||||||||||||
Balance as of January 1, 2021
|
|
|
|
|
|
|
|
|||||||
Changes in the group of consolidated companies
|
(
|
|
|
|
(
|
|
(
|
|||||||
Additions
|
|
|
|
|
|
|
|
|||||||
Transfers
|
|
(
|
|
(
|
|
|
|
|||||||
Reclassifications (to)/from “held for sale”
|
(
|
(
|
(
|
(
|
(
|
|
(
|
|||||||
Disposals
|
|
|
|
|
|
|
|
|||||||
Exchange rate changes
|
|
|
|
|
|
|
|
|||||||
Balance as of December 31, 2021
|
|
|
|
|
|
|
|
|||||||
Changes in the group of consolidated companies
|
|
|
|
|
|
|
|
|||||||
Additions
|
|
|
|
|
|
|
|
|||||||
Transfers
|
|
|
|
(
|
|
|
|
|||||||
Reclassifications (to)/from “held for sale”
|
|
(
|
(
|
|
(
|
(
|
(
|
|||||||
Disposals
|
|
|
|
|
|
|
|
|||||||
Exchange rate changes
|
(
|
|
|
|
|
|
|
|||||||
Balance as of December 31, 2022
|
|
|
|
|
|
|
|
|||||||
Accumulated depreciation and impairment:
|
||||||||||||||
Balance as of January 1, 2021
|
|
|
|
|
|
|
|
|||||||
Changes in the group of consolidated companies
|
(
|
|
|
|
(
|
|
(
|
|||||||
Depreciation
|
|
|
|
|
|
|
|
|||||||
Impairment losses
|
|
|
|
|
|
|
|
|||||||
Reversals of impairment losses
|
|
|
|
|
|
|
|
|||||||
Transfers
|
|
|
|
|
|
|
|
|||||||
Reclassifications (to)/from “held for sale”
|
(
|
(
|
(
|
|
(
|
|
(
|
|||||||
Disposals
|
|
|
|
|
|
|
|
|||||||
Exchange rate changes
|
|
|
|
|
|
|
|
|||||||
Balance as of December 31, 2021
|
|
|
|
|
|
|
|
|||||||
Changes in the group of consolidated companies
|
|
|
|
|
|
|
|
|||||||
Depreciation
|
|
|
|
|
|
|
|
|||||||
Impairment losses
|
|
|
|
|
|
|
|
|||||||
Reversals of impairment losses
|
|
|
|
|
|
|
|
|||||||
Transfers
|
|
|
|
|
|
|
|
|||||||
Reclassifications (to)/from “held for sale”
|
|
(
|
(
|
|
(
|
|
(
|
|||||||
Disposals
|
|
|
|
|
|
|
|
|||||||
Exchange rate changes
|
(
|
|
|
|
|
|
|
|||||||
Balance as of December 31, 2022
|
|
|
|
|
|
|
|
|||||||
Carrying amount:
|
||||||||||||||
Balance as of December 31, 2021
|
|
|
|
|
|
|
|
|||||||
Balance as of December 31, 2022
|
|
|
|
|
|
|
|
|||||||
|
397
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
398
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Future cash outflows not reflected in lease liabilities:
|
||||
Not later than one year
|
|
|
||
Later than one year and not later than five years
|
|
|
||
Later than five years
|
|
|
||
Future cash outflows not reflected in lease liabilities
|
|
|
||
in € m.
|
Investment Bank
|
Corporate Bank
|
AssetManage-ment
|
Private Bank
|
Total
|
|||||
Balance as of January 1, 2021
|
|
|
|
|
|
|||||
Goodwill acquired during the year
|
|
|
|
|
|
|||||
Purchase accounting adjustments
|
|
|
|
|
|
|||||
Transfers
|
|
|
|
|
|
|||||
Reclassification from (to) “held for sale”
|
|
|
(
|
|
(
|
|||||
Goodwill related to dispositions without being classified as “held for sale”
|
|
|
|
|
|
|||||
Impairment losses1
|
|
(
|
|
|
(
|
|||||
Exchange rate changes/other
|
|
|
|
|
|
|||||
Balance as of December 31, 2021
|
|
|
|
|
|
|||||
Gross amount of goodwill
|
|
|
|
|
|
|||||
Accumulated impairment losses
|
(
|
(
|
(
|
(
|
(
|
|||||
Balance as of January 1, 2022
|
|
|
|
|
|
|||||
Goodwill acquired during the year
|
|
|
|
|
|
|||||
Purchase accounting adjustments
|
|
|
|
|
|
|||||
Transfers
|
|
|
|
|
|
|||||
Reclassification from (to) “held for sale”
|
|
|
|
|
|
|||||
Goodwill related to dispositions without being classified as “held for sale”
|
|
|
|
|
|
|||||
Impairment losses1
|
|
|
|
|
|
|||||
Exchange rate changes/other
|
|
|
|
|
|
|||||
Balance as of December 31, 2022
|
|
|
|
|
|
|||||
Gross amount of goodwill
|
|
|
|
|
|
|||||
Accumulated impairment losses
|
(
|
(
|
(
|
(
|
(
|
|||||
|
399
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
400
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Primary goodwill-
carrying cash-generating unit
|
Description of key assumptions
|
Uncertainty associated with key assumptions and potential events/circumstances that could have a negative effect
|
|
Asset Management
|
|
|
|
Change in Key Assumptions
|
Asset Management
|
|
Discount rate (post tax) increase
|
||
from
|
|
|
to
|
|
|
Change in projected future earnings in each period by
|
|
|
Long term growth rate
|
||
from
|
|
|
to
|
|
|
|
401
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Purchased intangible assets
|
Internallygeneratedintangibleassets
|
Total otherintangibleassets
|
||||||||||||||||
Unamortized
|
Amortized
|
Amortized
|
||||||||||||||||
in € m.
|
Retailinvestmentmanagementagreements
|
Other
|
Totalunamortizedpurchasedintangibleassets
|
Customer-relatedintangibleassets
|
Contract-basedintangibleassets
|
Softwareandother
|
Totalamortizedpurchasedintangibleassets
|
Software
|
||||||||||
Cost of acquisition/manufacture:
|
||||||||||||||||||
Balance as ofJanuary 1, 2021
|
|
|
|
|
|
|
|
|
|
|||||||||
Additions
|
|
|
|
|
|
|
|
|
|
|||||||||
Changes in the group ofconsolidated companies
|
|
|
|
|
|
|
|
|
|
|||||||||
Disposals
|
|
|
|
|
|
|
|
|
|
|||||||||
Reclassifications from(to) “held for sale”
|
|
|
|
|
|
|
|
(
|
(
|
|||||||||
Transfers
|
|
|
|
(
|
|
|
(
|
(
|
(
|
|||||||||
Exchange rate changes
|
|
|
|
|
|
|
|
|
|
|||||||||
Balance as ofDecember 31, 2021
|
|
|
|
|
|
|
|
|
|
|||||||||
Additions
|
|
|
|
|
|
|
|
|
|
|||||||||
Changes in the group ofconsolidated companies
|
|
|
|
|
|
(
|
(
|
(
|
(
|
|||||||||
Disposals
|
|
|
|
|
|
|
|
|
|
|||||||||
Reclassifications from(to) “held for sale”
|
|
|
|
|
|
|
|
(
|
(
|
|||||||||
Transfers
|
|
|
|
(
|
|
|
(
|
|
(
|
|||||||||
Exchange rate changes
|
|
|
|
|
|
|
|
|
|
|||||||||
Balance as ofDecember 31, 2022
|
|
|
|
|
|
|
|
|
|
|||||||||
Accumulated amortizationand impairment:
|
||||||||||||||||||
Balance as ofJanuary 1, 2021
|
|
|
|
|
|
|
|
|
|
|||||||||
Amortization for the year
|
|
|
|
|
|
|
|
|
1,0171
|
|||||||||
Changes in the group ofconsolidated companies
|
|
|
|
|
|
|
|
|
(
|
|||||||||
Disposals
|
|
|
|
|
|
|
|
|
|
|||||||||
Reclassifications from(to) “held for sale”
|
|
|
|
|
|
|
|
(
|
(
|
|||||||||
Impairment losses
|
|
|
|
|
|
|
|
|
|
|||||||||
Reversals of impairmentlosses
|
|
|
|
|
|
|
|
|
|
|||||||||
Transfers
|
|
|
|
|
|
|
|
|
|
|||||||||
Exchange rate changes
|
|
|
|
|
|
|
|
|
|
|||||||||
Balance as ofDecember 31, 2021
|
|
|
|
|
|
|
|
|
|
|||||||||
Amortization for the year
|
|
|
|
|
|
|
|
|
|
|||||||||
Changes in the group ofconsolidated companies
|
|
|
|
|
|
(
|
(
|
(
|
(
|
|||||||||
Disposals
|
|
|
|
|
|
|
|
|
|
|||||||||
Reclassifications from(to) “held for sale”
|
|
|
|
|
|
|
|
(
|
(
|
|||||||||
Impairment losses
|
|
|
|
|
|
|
|
|
984
|
|||||||||
Reversals of impairmentlosses
|
|
|
|
|
|
|
|
|
|
|||||||||
Transfers
|
|
|
|
|
|
|
|
|
|
|||||||||
Exchange rate changes
|
|
|
|
|
|
|
|
|
|
|||||||||
Balance as ofDecember 31, 2022
|
|
|
|
|
|
|
|
|
|
|||||||||
Carrying amount:
|
||||||||||||||||||
As of December 31, 2021
|
|
|
|
|
|
|
|
|
|
|||||||||
As of December 31, 2022
|
|
|
|
|
|
|
|
|
|
|||||||||
|
402
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Useful livesin years
|
||
Internally generated intangible assets:
|
||
Software
|
up to 10
|
|
Purchased intangible assets:
|
||
Customer-related intangible assets
|
up to 20
|
|
Other
|
up to 10
|
|
|
403
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Cash and bank balances
|
|
6
|
||
Loans, net
|
|
|
||
Property and equipment
|
|
|
||
Goodwill and other intangible assets
|
|
|
||
Other assets
|
|
|
||
Total assets classified as held for sale
|
|
|
||
Investment contract liabilities
|
|
|
||
Other liabilities
|
|
|
||
Total liabilities classified as held for sale
|
|
|
||
|
404
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Brokerage and securities related receivables
|
||||
Cash/margin receivables
|
|
|
||
Receivables from prime brokerage
|
|
|
||
Pending securities transactions past settlement date
|
|
|
||
Receivables from unsettled regular way trades
|
|
|
||
Total brokerage and securities related receivables
|
|
|
||
Debt Securities held to collect
|
|
|
||
Accrued interest receivable
|
|
|
||
Assets held for sale
|
|
|
||
Other
|
|
|
||
Total other assets
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Brokerage and securities related payables
|
||||
Cash/margin payables
|
|
|
||
Payables from prime brokerage
|
|
|
||
Pending securities transactions past settlement date
|
|
|
||
Payables from unsettled regular way trades
|
|
|
||
Total brokerage and securities related payables
|
|
|
||
Accrued interest payable
|
|
|
||
Liabilities held for sale
|
|
|
||
Lease liabilities
|
|
|
||
Other
|
|
|
||
Total other liabilities
|
113,648
|
97,795
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Noninterest-bearing demand deposits
|
|
|
||
Interest-bearing deposits
|
||||
Demand deposits
|
|
|
||
Time deposits
|
|
|
||
Savings deposits
|
|
|
||
Total interest-bearing deposits
|
|
|
||
Total deposits
|
|
|
||
|
405
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
OperationalRisk
|
CivilLitigation
|
RegulatoryEnforcement
|
Re-structuring
|
Other
|
Total1
|
||||||
Balance as of January 1, 2021
|
|
|
|
|
|
|
||||||
Changes in the group of consolidated companies
|
|
|
|
|
|
|
||||||
New provisions
|
|
|
|
|
|
|
||||||
Amounts used
|
|
|
|
|
|
|
||||||
Unused amounts reversed
|
|
|
|
|
|
|
||||||
Effects from exchange rate fluctuations/Unwind of discount
|
|
|
|
|
|
|
||||||
Transfers
|
(
|
(
|
|
(
|
|
|
||||||
Balance as of December 31, 2021
|
|
|
|
|
|
|
||||||
Changes in the group of consolidated companies
|
|
|
|
|
(
|
(
|
||||||
New provisions
|
|
|
|
|
|
|
||||||
Amounts used
|
|
|
|
|
|
|
||||||
Unused amounts reversed
|
|
|
|
|
|
|
||||||
Effects from exchange rate fluctuations/Unwind of discount
|
(
|
|
|
|
|
|
||||||
Transfers
|
|
(
|
(
|
|
(
|
(
|
||||||
Balance as of December 31, 2022
|
|
|
|
|
|
|
||||||
|
406
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
407
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
408
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
409
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
410
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
411
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
412
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
413
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
414
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
415
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
416
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
417
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
418
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
419
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Irrevocable lending commitments1
|
|
|
||
Revocable lending commitments
|
|
|
||
Contingent liabilities
|
|
|
||
Total
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Other commitments1
|
|
|
||
Other contingent liabilities
|
|
|
||
Total
|
|
|
||
|
420
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Other short-term borrowings:
|
||||
Commercial paper
|
|
|
||
Other
|
|
|
||
Total other short-term borrowings
|
|
|
||
in € m.
|
Due in2023
|
Due in2024
|
Due in2025
|
Due in2026
|
Due in2027
|
Due after2027
|
TotalDec 31,2022
|
TotalDec 31,2021
|
||||||||
Senior debt:
|
||||||||||||||||
Bonds and notes:
|
||||||||||||||||
Fixed rate
|
|
|
|
|
|
|
|
|
||||||||
Floating rate
|
|
|
|
|
|
|
|
|
||||||||
Other
|
|
|
|
|
|
|
|
|
||||||||
Subordinated debt:
|
||||||||||||||||
Bonds and notes:
|
||||||||||||||||
Fixed rate
|
|
|
|
|
|
|
|
|
||||||||
Floating rate
|
|
|
|
|
|
|
|
|
||||||||
Other
|
|
|
|
|
|
|
|
|
||||||||
Total long-term debt
|
|
|
|
|
|
|
|
|
||||||||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Fixed rate
|
|
|
||
Floating rate
|
|
|
||
Total trust preferred securities
|
|
|
||
|
421
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||
in € m.
|
On demand
|
Due within3 months
|
Due between3 and 12months
|
Due between1 and 5 years
|
Due after5 years
|
|||||
Noninterest bearing deposits
|
|
|
|
|
|
|||||
Interest bearing deposits
|
|
|
|
|
|
|||||
Trading liabilities1
|
|
|
|
|
|
|||||
Negative market values from derivative financialinstruments1
|
|
|
|
|
|
|||||
Financial liabilities designated at fair valuethrough profit or loss
|
|
|
|
|
|
|||||
Investment contract liabilities2
|
|
|
|
|
|
|||||
Negative market values from derivative financialinstruments qualifying for hedge accounting3
|
|
|
|
|
|
|||||
Central bank funds purchased
|
|
|
|
|
|
|||||
Securities sold under repurchase agreements
|
|
|
|
|
|
|||||
Securities loaned
|
|
|
|
|
|
|||||
Other short-term borrowings
|
|
|
|
|
|
|||||
Long-term debt
|
|
|
|
|
|
|||||
Trust preferred securities
|
|
|
|
|
|
|||||
Lease liabilities
|
|
|
|
|
|
|||||
Other financial liabilities
|
|
|
|
|
|
|||||
Off-balance sheet loan commitments
|
|
|
|
|
|
|||||
Financial guarantees
|
|
|
|
|
|
|||||
Total4
|
|
|
|
|
|
|||||
Dec 31, 2021
|
||||||||||
in € m.
|
On demand
|
Due within3 months
|
Due between3 and 12months
|
Due between1 and 5 years
|
Due after5 years
|
|||||
Noninterest bearing deposits
|
|
|
|
|
|
|||||
Interest bearing deposits
|
|
|
|
|
|
|||||
Trading liabilities1
|
|
|
|
|
|
|||||
Negative market values from derivative financialinstruments1
|
|
|
|
|
|
|||||
Financial liabilities designated at fair valuethrough profit or loss
|
|
|
|
|
|
|||||
Investment contract liabilities2
|
|
|
|
|
|
|||||
Negative market values from derivative financialinstruments qualifying for hedge accounting3
|
|
|
|
|
|
|||||
Central bank funds purchased
|
|
|
|
|
|
|||||
Securities sold under repurchase agreements
|
|
|
|
|
|
|||||
Securities loaned
|
|
|
|
|
|
|||||
Other short-term borrowings
|
|
|
|
|
|
|||||
Long-term debt
|
|
|
|
|
|
|||||
Trust preferred securities
|
|
|
|
|
|
|||||
Lease liabilities
|
|
|
|
|
|
|||||
Other financial liabilities
|
|
|
|
|
|
|||||
Off-balance sheet loan commitments
|
|
|
|
|
|
|||||
Financial guarantees
|
|
|
|
|
|
|||||
Total4
|
|
|
|
|
|
|||||
|
422
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Number of shares
|
Issued andfully paid
|
Treasury shares
|
Outstanding
|
|||
Common shares, January 1, 2021
|
2,066,773,131
|
(1,346,166)
|
2,065,426,965
|
|||
Shares issued under share-based compensation plans
|
|
|
|
|||
Capital increase
|
|
|
|
|||
Shares purchased for treasury
|
|
(
|
(
|
|||
Shares sold or distributed from treasury
|
|
|
|
|||
Common shares, December 31, 2021
|
|
(
|
|
|||
Shares issued under share-based compensation plans
|
|
|
|
|||
Capital increase
|
|
|
|
|||
Shares purchased for treasury
|
|
(
|
(
|
|||
Shares sold or distributed from treasury
|
|
|
|
|||
Common shares, December 31, 2022
|
|
(
|
|
|||
Authorized capital
|
Consideration
|
Pre-emptive rights
|
Expiration date
|
|||
€ 512,000,000
|
Cash
|
May be excluded pursuant to Section 186 (3) sentence 4 of the Stock Corporation Act and may be excluded in so far as it is necessary to grant pre-emptive rights to the holders of option rights, convertible bonds, and convertible participatory rights
|
April 30, 2026
|
|||
€ 2,048,000,000
|
Cash
|
May be excluded in so far as it is necessary to grant pre-emptive rights to the holders of option rights, convertible bonds, and convertible participatory rights.
|
April 30, 2026
|
|||
|
|
|
|
|
|
|
Conditional capital
|
Purpose of conditional capital
|
Expiration date
|
||||||
€ 512,000,000
|
May be used if holders of conversion or option rights that are linked with participatory notes or convertible bonds or bonds with warrants make use of their conversion or option rights or holders with conversion obligations of convertible participatory notes or convertible bonds fulfill their obligation to convert.
|
April 30, 2022
|
||||||
€ 51,200,000
|
May be used to fulfill options that are awarded on or before the expiration date and will only be used to the extent that holders of issued options make use of their right to receive shares and shares are not delivered out of treasury shares
|
April 30, 2022
|
||||||
|
423
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022(proposed)
|
2021
|
2020
|
||||
Cash dividends declared (in € )
|
|
|
|
|||
Cash dividends declared per common share (in €)
|
|
|
|
|||
|
424
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Grant year(s)
|
Deutsche Bank Equity Plan
|
Vesting schedule
|
Eligibility
|
|||
2022 4
|
Annual Award
|
1/4: 12 months1
|
Select employees as
|
|||
1/4: 24 months1
|
annual performance-based
|
|||||
1/4: 36 months1
|
compensation
|
|||||
1/4: 48 months1
|
(CB/IB/CRU and InstVV MRTs)2
|
|||||
Annual Award
|
1/3: 12 months1
|
Select employees as
|
||||
1/3: 24 months1
|
annual performance-based
|
|||||
1/3: 36 months1
|
compensation (non-CB/IB/CRU)2
|
|||||
Annual Award
|
1/5: 12 months1
|
Select employees as
|
||||
1/5: 24 months1
|
annual performance-based
|
|||||
1/5: 36 months1
|
compensation (Senior Management)
|
|||||
1/5: 48 months1
|
||||||
1/5: 60 months1
|
||||||
Retention/New Hire
|
Individual specification
|
Select employees to attract andretain the best talent
|
||||
Severance
|
Individual specification
|
Regulatory requirement for certain employees to defer severance payments
|
||||
Annual Award – Upfront
|
Vesting immediately at grant3
|
Selected employees
|
||||
2019-2021 4
|
Annual Award
|
1/4: 12 months1
|
Select employees as
|
|||
1/4: 24 months1
|
annual performance-based
|
|||||
1/4: 36 months1
|
compensation
|
|||||
1/4: 48 months1
|
(CB/IB/CRU and InstVV MRTs in an Material Business Unit)2
|
|||||
Annual Award
|
1/3: 12 months1
|
Select employees as
|
||||
1/3: 24 months1
|
annual performance-based
|
|||||
1/3: 36 months1
|
compensation (non-CB/IB/CRU)2
|
|||||
Annual Award
|
1/5: 12 months1
|
Select employees as
|
||||
1/5: 24 months1
|
annual performance-based
|
|||||
1/5: 36 months1
|
compensation (Senior Management)
|
|||||
1/5: 48 months1
|
||||||
1/5: 60 months1
|
||||||
Retention/New Hire/Off-Cycle 5
|
Individual specification
|
Select employees to attract andretain the best talent
|
||||
Severance
|
Individual specification
|
Regulatory requirement for certain employees to defer severance payments
|
||||
Annual Award – Upfront
|
Vesting immediately at grant3
|
Regulated employees
|
||||
2017 -2018 4
|
Annual Award
|
1/4: 12 months1
|
Select employees as
|
|||
1/4: 24 months1
|
annual performance-based
|
|||||
1/4: 36 months1
|
compensation
|
|||||
1/4: 48 months1
|
||||||
Or cliff vesting after 54 months1
|
Members of Senior Leadership Cadre
|
|||||
Severance
|
Individual specification
|
Regulatory requirement for certain employees to defer severance payments
|
||||
Retention/New Hire/Off-Cycle
|
Individual specification
|
Select employees to attract and retain the best talent
|
||||
|
425
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Share units (in thousands)
|
2022
|
2021
|
||
Balance outstanding as of January 01
|
|
|
||
Granted
|
|
|
||
Released
|
(
|
(
|
||
Forfeited
|
(
|
(
|
||
Other movements
|
(
|
(
|
||
Balance outstanding as of December 31
|
|
|
||
2022
|
2021
|
|||||||||||
Weighted average fair value per award granted in year
|
Weighted average share price at release in year
|
Weighted average remaining contractual life in years
|
Weighted average fair value per award granted in the year
|
Weighted average share price at release in year
|
Weighted average remaining contractual life in years
|
|||||||
DB Equity Plan
|
€
|
€
|
|
€
|
€
|
|
||||||
|
426
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Grant year(s)
|
Award Type
|
Vesting schedule
|
Eligibility
|
|||
2021-2022
|
Annual Awards
|
1/4: 12 months 1
|
Select employees as annual
|
|||
1/4: 24 months 1
|
performance-based
|
|||||
1/4: 36 months 1
|
compensation (InstVV MRTs)
|
|||||
1/4: 48 months 1
|
||||||
Annual Awards
|
1/3: 12 months 1
|
Select employees as annual
|
||||
1/3: 24 months 1
|
performance-based
|
|||||
1/3: 36 months 1
|
compensation (non-InstVV MRTs)
|
|||||
Annual Awards (Senior Management)
|
1/5: 12 months 1
|
Members of the Executive Board
|
||||
1/5: 24 months 1
|
||||||
1/5: 36 months 1
|
||||||
1/5: 48 months 1
|
||||||
1/5: 60 months 1
|
||||||
Annual Award - Upfront
|
Vesting immediately at grant 1
|
Regulated employees
|
||||
Retention/New Hire/Off-Cycle 4
|
Individual specification
|
Select employees to attract and retain the best talent
|
||||
2019-2020
|
Annual Awards
|
1/3: 12 months 1
|
Select employees as annual performance-based
|
|||
1/3: 24 months 1
|
compensation
|
|||||
1/3: 36 months 1
|
||||||
Annual Awards (Senior Management)
|
1/5: 12 months 1
|
Members of the Executive Board
|
||||
1/5: 24 months 1
|
||||||
1/5: 36 months 1
|
||||||
1/5: 48 months 1
|
||||||
1/5: 60 months 1
|
||||||
Annual Award - Upfront
|
Vesting immediately at grant 1
|
Regulated employees
|
||||
Retention/New Hire/Off-Cycle 4
|
Individual specification
|
Select employees to attract and retain the best talent
|
||||
Severance
|
Individual specification
|
Regulatory requirement for certain employees to defer severance payments
|
||||
Performance Share Unit Award
|
1/3: March 2022 1
|
Members of the Executive Board
|
||||
(one-off IPO related award granted in 2019)
|
1/3: March 2023 1
|
|||||
1/3: March 2024 1
|
||||||
2018
|
Retention/New Hire
|
Individual specification
|
Select employees to attract and retain the best talent
|
|||
Performance Share Unit Award
|
1/3: March 2022 1
|
Select Senior Managers
|
||||
(one-off IPO related award )
|
1/3: March 2023 1
|
|||||
1/3: March 2024 1
|
||||||
SAR Award (one-off IPO related award)
|
For non-MRTs:1 June 2021 3
|
all DWS employees 2
|
||||
For MRTs:1 March 2023 1,3
|
||||||
DWS Equity Plan
|
DWS SAR Plan
|
|||||||||||
2022
|
2021
|
2022
|
2021
|
|||||||||
Share units (in thousands)
|
Number of Awards
|
Number of Awards
|
Number of Awards
|
Weighted-average exercise price
|
Number of Awards
|
Weighted-average exercise price
|
||||||
Outstanding at beginning of year
|
|
|
|
€
|
|
€
|
||||||
Granted
|
|
|
|
-
|
0
|
-
|
||||||
Issued or Exercised
|
(
|
(
|
(
|
€
|
(
|
€
|
||||||
Forfeited
|
(
|
(
|
(
|
€
|
(
|
€
|
||||||
Expired
|
|
0
|
(
|
€
|
(
|
€
|
||||||
Other Movements
|
|
(
|
(
|
€
|
0
|
€
|
||||||
Outstanding at end of year
|
|
|
|
€
|
|
€
|
||||||
Of which, exercisable
|
|
0
|
|
€
|
|
€
|
||||||
|
427
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
2021
|
|||||||||||
Weighted average fair value per award granted in year
|
Weighted average share price at release/ exercise in year
|
Weighted average remaining contractual life in years
|
Weighted average fair value per award granted in the year
|
Weighted average share price at release/ exercise in year
|
Weighted average remaining contractual life in years
|
|||||||
DWS Equity Plan
|
€
|
€
|
|
€
|
€
|
|
||||||
DWS SAR Plan
|
n/a
|
€
|
|
n/a
|
€
|
|
||||||
Measurement dateDec 31, 2022
|
Measurement dateDec 31, 2021
|
|||
Units (in thousands)
|
|
|
||
Fair value
|
€
|
€
|
||
Share price
|
€
|
€
|
||
Exercise price
|
€
|
€
|
||
Expected volatility (weighted-average)
|
|
|
||
Expected life (weighted-average) in years
|
|
|
||
Expected dividends (% of income)
|
|
|
||
Dec 31, 2022
|
||||||||||
in € m.
|
Germany
|
UK
|
U.S.
|
Other
|
Total
|
|||||
Defined benefit obligation related to
|
||||||||||
Active plan participants
|
|
|
|
|
|
|||||
Participants in deferred status
|
|
|
|
|
|
|||||
Participants in payment status
|
|
|
|
|
|
|||||
Total defined benefit obligation
|
|
|
|
|
|
|||||
Fair value of plan assets
|
|
|
|
|
|
|||||
Funding ratio (in %)
|
|
|
|
|
|
|||||
|
428
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||
in € m.
|
Germany
|
UK
|
U.S.
|
Other
|
Total
|
|||||
Defined benefit obligation related to
|
||||||||||
Active plan participants
|
|
|
|
|
|
|||||
Participants in deferred status
|
|
|
|
|
|
|||||
Participants in payment status
|
|
|
|
|
|
|||||
Total defined benefit obligation
|
|
|
|
|
|
|||||
Fair value of plan assets
|
|
|
|
|
|
|||||
Funding ratio (in %)
|
|
|
|
|
|
|||||
in € m.
|
Germany
|
UK
|
U.S.
|
Other
|
Total
|
|||||
Actual benefit payments 2022
|
|
|
|
|
|
|||||
Benefits expected to be paid 2023
|
|
|
|
|
|
|||||
Benefits expected to be paid 2024
|
|
|
|
|
|
|||||
Benefits expected to be paid 2025
|
|
|
|
|
|
|||||
Benefits expected to be paid 2026
|
|
|
|
|
|
|||||
Benefits expected to be paid 2027
|
|
|
|
|
|
|||||
Benefits expected to be paid 2028 – 2032
|
|
|
|
|
|
|||||
Weighted average duration of defined benefitobligation (in years)
|
|
|
|
|
|
|||||
|
429
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
430
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||||||
Germany
|
UK
|
U.S.1
|
Other
|
Germany
|
UK
|
U.S.1
|
Other
|
|||||||||
Discount rate (in %)
|
|
|
|
|
|
|
|
|
||||||||
Rate of price inflation (in %)
|
|
|
|
|
|
|
|
|
||||||||
Rate of nominal increase infuture compensation levels (in %)
|
|
|
|
|
|
|
|
|
||||||||
Rate of nominal increase forpensions in payment (in %)
|
|
|
|
|
|
|
|
|
||||||||
Assumed life expectancyat age 65
|
||||||||||||||||
For a male aged 65at measurement date
|
|
|
|
|
|
|
|
|
||||||||
For a female aged 65at measurement date
|
|
|
|
|
|
|
|
|
||||||||
For a male aged 45at measurement date
|
|
|
|
|
|
|
|
|
||||||||
For a female aged 45at measurement date
|
|
|
|
|
|
|
|
|
||||||||
Mortality tables applied
|
ModifiedRichttafelnHeubeck2018G
|
SAPS (S3)Light/Very Lightwith CMI2021projections
|
PRI-2012withMP-2021projection
|
Countryspecifictables
|
ModifiedRichttafelnHeubeck2018G
|
SAPS (S3)Light\Very Lightwith CMI2020projections
|
PRI-2012withMP-2021projection
|
Countryspecifictables
|
||||||||
|
431
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
|||||||||||
in € m.
|
Germany
|
UK
|
U.S.
|
Other
|
Total
|
||||||
Change in the present value of the defined benefit obligation:
|
|||||||||||
Balance, beginning of year
|
|
|
|
|
|
||||||
Defined benefit cost recognized in Profit & Loss
|
|||||||||||
Current service cost
|
|
|
|
|
|
||||||
Interest cost
|
|
|
|
|
|
||||||
Past service cost and gain or loss arising from settlements
|
|
|
|
|
|
||||||
Defined benefit cost recognized in Other Comprehensive Income
|
|||||||||||
Actuarial gain or loss arising from changes in financialassumptions
|
(
|
(
|
(
|
(
|
(
|
||||||
Actuarial gain or loss arising from changes in demographic assumptions
|
|
|
(
|
|
|
||||||
Actuarial gain or loss arising from experience
|
|
|
|
|
|
||||||
Cash flow and other changes
|
|||||||||||
Contributions by plan participants
|
|
|
|
|
|
||||||
Benefits paid
|
(
|
(
|
(
|
(
|
(
|
||||||
Payments in respect to settlements
|
|
|
|
|
|
||||||
Acquisitions/Divestitures
|
(
|
|
|
(
|
(
|
||||||
Exchange rate changes
|
|
(
|
|
|
(
|
||||||
Other
|
(
|
|
|
|
|
||||||
Balance, end of year
|
|
|
|
|
|
||||||
thereof:
|
|||||||||||
Unfunded
|
|
|
|
|
|
||||||
Funded
|
|
|
|
|
|
||||||
Change in fair value of plan assets:
|
|||||||||||
Balance, beginning of year
|
|
|
|
|
|
||||||
Defined benefit cost recognized in Profit & Loss
|
|||||||||||
Interest income
|
|
|
|
|
|
||||||
Defined benefit cost recognized in Other Comprehensive Income
|
|||||||||||
Return from plan assets less interest income
|
(
|
(
|
(
|
(
|
(
|
||||||
Cash flow and other changes
|
|||||||||||
Contributions by plan participants
|
|
|
|
|
|
||||||
Contributions by the employer1
|
(
|
|
|
|
(
|
||||||
Benefits paid2
|
(
|
(
|
(
|
(
|
(
|
||||||
Payments in respect to settlements
|
|
|
|
|
|
||||||
Acquisitions/Divestitures
|
|
|
|
(
|
|
||||||
Exchange rate changes
|
|
(
|
|
|
(
|
||||||
Other
|
|
|
|
|
|
||||||
Plan administration costs
|
|
(
|
(
|
|
(
|
||||||
Balance, end of year
|
|
|
|
|
|
||||||
Funded status, end of year
|
|
|
(
|
|
|
||||||
Change in irrecoverable surplus (asset ceiling)
|
|||||||||||
Balance, beginning of year
|
0
|
0
|
0
|
(90)
|
(90)
|
||||||
Interest cost
|
|
|
|
|
|
||||||
Changes in irrecoverable surplus
|
|
|
|
(
|
(
|
||||||
Exchange rate changes
|
|
|
|
(
|
(
|
||||||
Balance, end of year
|
|
|
|
(
|
(
|
||||||
Net asset (liability) recognized
|
|
|
(
|
(
|
|
||||||
Fair value of reimbursement rights
|
0
|
0
|
0
|
3
|
3
|
||||||
|
432
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2021
|
|||||||||||
in € m.
|
Germany
|
UK
|
U.S.
|
Other
|
Total
|
||||||
Change in the present value of the defined benefit obligation:
|
|||||||||||
Balance, beginning of year
|
|
|
|
|
|
||||||
Defined benefit cost recognized in Profit & Loss
|
|||||||||||
Current service cost
|
|
|
|
|
|
||||||
Interest cost
|
|
|
|
|
|
||||||
Past service cost and gain or loss arising from settlements
|
|
(
|
|
(
|
|
||||||
Defined benefit cost recognized in Other Comprehensive Income
|
|||||||||||
Actuarial gain or loss arising from changes in financialassumptions
|
(
|
(
|
(
|
(
|
(
|
||||||
Actuarial gain or loss arising from changes in demographicassumptions
|
|
(
|
|
(
|
(
|
||||||
Actuarial gain or loss arising from experience
|
|
(
|
|
|
|
||||||
Cash flow and other changes
|
|||||||||||
Contributions by plan participants
|
|
|
|
|
|
||||||
Benefits paid1
|
(
|
(
|
(
|
(
|
(
|
||||||
Payments in respect to settlements
|
|
|
|
|
|
||||||
Acquisitions/Divestitures
|
|
|
|
|
|
||||||
Exchange rate changes
|
|
|
|
|
|
||||||
Other
|
|
|
|
|
|
||||||
Balance, end of year
|
|
|
|
|
|
||||||
thereof:
|
|||||||||||
Unfunded
|
|
|
|
|
|
||||||
Funded
|
|
|
|
|
|
||||||
Change in fair value of plan assets:
|
|||||||||||
Balance, beginning of year
|
|
|
|
|
|
||||||
Defined benefit cost recognized in Profit & Loss
|
|||||||||||
Interest income
|
|
|
|
|
|
||||||
Defined benefit cost recognized in Other Comprehensive Income
|
|||||||||||
Return from plan assets less interest income
|
|
|
|
|
|
||||||
Cash flow and other changes
|
|||||||||||
Contributions by plan participants
|
|
|
|
|
|
||||||
Contributions by the employer
|
|
|
|
|
|
||||||
Benefits paid1
|
(
|
(
|
(
|
(
|
(
|
||||||
Payments in respect to settlements
|
|
|
|
|
|
||||||
Acquisitions/Divestitures
|
|
|
|
|
|
||||||
Exchange rate changes
|
|
|
|
|
|
||||||
Other
|
|
|
|
|
|
||||||
Plan administration costs
|
|
(
|
(
|
(
|
(
|
||||||
Balance, end of year
|
|
|
|
|
|
||||||
Funded status, end of year
|
(
|
|
(
|
|
|
||||||
Change in irrecoverable surplus (asset ceiling)
|
|||||||||||
Balance, beginning of year
|
|
|
|
(
|
(
|
||||||
Interest cost
|
|
|
|
|
|
||||||
Changes in irrecoverable surplus
|
|
|
|
(
|
(
|
||||||
Exchange rate changes
|
|
|
|
(
|
(
|
||||||
Balance, end of year
|
|
|
|
(
|
(
|
||||||
Net asset (liability) recognized
|
(
|
|
(
|
(
|
|
||||||
Fair value of reimbursement rights
|
0
|
0
|
0
|
0
|
0
|
||||||
|
433
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
434
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||||||||||
in € m.
|
Germany
|
UK
|
U.S.
|
Other
|
Total
|
Germany
|
UK
|
U.S.
|
Other
|
Total
|
||||||||||
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Equity instruments1
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Investment-grade bonds2
|
||||||||||||||||||||
Government
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-government bonds
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-investment-grade bonds
|
||||||||||||||||||||
Government
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-government bonds
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Securitized and other Debt Investments
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Insurance
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Alternatives
|
||||||||||||||||||||
Real estate
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Commodities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Private equity
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Other3
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Derivatives (Market Value)
|
||||||||||||||||||||
Interest rate
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Credit
|
|
(
|
|
|
(
|
|
(
|
|
|
(
|
||||||||||
Inflation
|
|
(
|
|
|
(
|
|
(
|
|
|
(
|
||||||||||
Foreign exchange
|
|
(
|
|
|
|
(
|
|
|
|
|
||||||||||
Other
|
|
(
|
(
|
|
(
|
|
|
(
|
|
|
||||||||||
Total fair value of plan assets
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||||||||||
in € m.
|
Germany
|
UK
|
U.S.
|
Other
|
Total
|
Germany
|
UK
|
U.S.
|
Other
|
Total
|
||||||||||
Cash and cash equivalents
|
(
|
|
|
|
|
|
|
|
|
|
||||||||||
Equity instruments1
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Investment-grade bonds2
|
||||||||||||||||||||
Government
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-government bonds
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-investment-grade bonds
|
||||||||||||||||||||
Government
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-government bonds
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Securitized and other Debt Investments
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Insurance
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Alternatives
|
||||||||||||||||||||
Real estate
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Commodities
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Private equity
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Other
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Derivatives (Market Value)
|
||||||||||||||||||||
Interest rate
|
|
|
(
|
|
(
|
|
|
(
|
|
(
|
||||||||||
Credit
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Inflation
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Foreign exchange
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Other
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Total fair value of quotedplan assets
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
435
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||||||
in € m.
|
Germany
|
UnitedKingdom
|
UnitedStates
|
OtherEurozone
|
Otherdevelopedcountries
|
Emergingmarkets
|
Total
|
|||||||
Cash and cash equivalents
|
|
|
|
|
|
|
|
|||||||
Equity instruments
|
|
|
|
|
|
|
|
|||||||
Government bonds(investment-grade and above)
|
|
|
|
|
|
|
|
|||||||
Government bonds(non-investment-grade)
|
|
|
|
|
|
|
|
|||||||
Non-government bonds(investment-grade and above)
|
|
|
|
|
|
|
|
|||||||
Non-government bonds(non-investment-grade)
|
|
|
|
|
|
|
|
|||||||
Securitized and other Debt Investments
|
|
|
|
|
|
|
|
|||||||
Subtotal
|
|
|
|
|
|
|
|
|||||||
Share (in %)
|
|
|
|
|
|
|
|
|||||||
Other asset categories
|
|
|||||||||||||
Fair value of plan assets
|
|
|||||||||||||
Dec 31, 2021
|
||||||||||||||
in € m.
|
Germany
|
UnitedKingdom
|
UnitedStates
|
OtherEurozone
|
Otherdevelopedcountries
|
Emergingmarkets
|
Total
|
|||||||
Cash and cash equivalents
|
|
|
|
|
|
|
|
|||||||
Equity instruments
|
|
|
|
|
|
|
|
|||||||
Government bonds(investment-grade and above)
|
|
|
|
|
|
|
|
|||||||
Government bonds(non-investment-grade)
|
|
|
|
|
|
|
|
|||||||
Non-government bonds(investment-grade and above)
|
|
|
|
|
|
|
|
|||||||
Non-government bonds(non-investment-grade)
|
|
|
|
|
|
|
|
|||||||
Securitized and other Debt Investments
|
|
|
|
|
|
|
|
|||||||
Subtotal
|
|
|
|
|
|
|
|
|||||||
Share (in %)
|
|
|
|
|
|
|
|
|||||||
Other asset categories
|
|
|||||||||||||
Fair value of plan assets
|
|
|||||||||||||
|
436
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||||||||||
in € m.
|
Germany
|
UK
|
U.S.
|
Other
|
Germany
|
UK
|
U.S.
|
Other
|
||||||||
Interest rate (–50 bp):
|
||||||||||||||||
(Increase) in DBO
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
||||||||
Expected increase in plan assets1
|
|
|
|
|
|
|
|
|
||||||||
Expected net impact on funded status (de-) increase
|
(
|
(
|
|
(
|
(
|
(
|
(
|
(
|
||||||||
Interest rate (+50 bp):
|
||||||||||||||||
Decrease in DBO
|
|
|
|
|
|
|
|
|
||||||||
Expected (decrease) in plan assets1
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
||||||||
Expected net impact on funded status (de-) increase
|
|
|
|
|
|
|
|
|
||||||||
Credit spread (–50 bp):
|
||||||||||||||||
(Increase) in DBO
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
||||||||
Expected increase in plan assets1
|
|
|
|
|
|
|
|
|
||||||||
Expected net impact on funded status (de-) increase
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
||||||||
Credit spread (+50 bp):
|
||||||||||||||||
Decrease in DBO
|
|
|
|
|
|
|
|
|
||||||||
Expected (decrease) in plan assets1
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
(
|
||||||||
Expected net impact on funded status (de-) increase
|
|
|
|
|
|
|
|
|
||||||||
Rate of price inflation (–50 bp):2
|
||||||||||||||||
Decrease in DBO
|
|
|
|
|
|
|
|
|
||||||||
Expected (decrease) in plan assets1
|
(
|
(
|
|
(
|
(
|
(
|
|
(
|
||||||||
Expected net impact on funded status (de-) increase
|
|
|
|
|
|
|
|
|
||||||||
Rate of price inflation (+50 bp):2
|
||||||||||||||||
(Increase) in DBO
|
(
|
(
|
(
|
(
|
(
|
(
|
|
(
|
||||||||
Expected increase in plan assets1
|
|
|
|
|
|
|
|
|
||||||||
Expected net impact on funded status (de-) increase
|
(
|
(
|
(
|
(
|
(
|
(
|
|
(
|
||||||||
Rate of real increase in future compensationlevels (–50 bp):
|
||||||||||||||||
Decrease in DBO, net impact on funded status
|
|
|
|
|
|
|
|
|
||||||||
Rate of real increase in future compensationlevels (+50 bp):
|
||||||||||||||||
(Increase) in DBO, net impact on funded status
|
(
|
(
|
|
(
|
(
|
(
|
|
(
|
||||||||
Longevity improvements by 10 %:3
|
||||||||||||||||
(Increase) in DBO, net impact on funded status
|
(
|
(
|
(
|
(
|
(
|
(160)4
|
(
|
(
|
||||||||
|
437
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2023
|
||
in € m.
|
Total
|
|
Expected contributions to
|
||
Defined benefit plan assets
|
|
|
BVV
|
|
|
Other defined contribution plans
|
|
|
Expected benefit payments for unfunded defined benefit plans
|
|
|
Expected total cash flow related to post-employment benefits
|
|
|
in € m.
|
2022
|
2021
|
2020
|
|||
Expenses for defined benefit plans:
|
||||||
Service cost1
|
|
|
|
|||
Net interest cost (income)
|
(
|
|
|
|||
Total expenses defined benefit plans
|
|
|
|
|||
Expenses for defined contribution plans:
|
||||||
BVV
|
|
|
|
|||
Other defined contribution plans
|
|
|
|
|||
Total expenses for defined contribution plans
|
|
|
|
|||
Total expenses for post-employment benefit plans
|
|
|
|
|||
Employer contributions to state-mandated pension plans
|
||||||
Pensions related payments social security in Germany
|
|
|
|
|||
Contributions to pension fund for Postbank´s postal civil servants
|
|
|
|
|||
Further pension related state-mandated benefit plans
|
|
|
|
|||
Total employer contributions to state-mandated benefit plans
|
|
|
|
|||
Expenses for share-based payments:
|
||||||
Expenses for share-based payments, equity settled2
|
|
|
|
|||
Expenses for share-based payments, cash settled2
|
|
|
|
|||
Expenses for cash retention plans2
|
|
|
|
|||
Expenses for severance payments3
|
|
|
|
|||
|
438
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Current tax expense (benefit):
|
||||||
Tax expense (benefit) for current year
|
|
|
|
|||
Adjustments for prior years
|
(
|
|
(
|
|||
Total current tax expense (benefit)
|
|
|
|
|||
Deferred tax expense (benefit):
|
||||||
Origination and reversal of temporary differences, unused tax losses and tax credits
|
|
|
(
|
|||
Effect of changes in tax law and/or tax rate
|
(
|
(
|
(
|
|||
Adjustments for prior years
|
(
|
(
|
(
|
|||
Total deferred tax expense (benefit)
|
(
|
|
(
|
|||
Total income tax expense (benefit)
|
(
|
|
|
|||
in € m.
|
2022
|
2021
|
2020
|
|||
Expected tax expense (benefit) at domestic income tax rate of 31.3% (31.3% for 2021 and 31.3% for 2020)
|
|
|
|
|||
Foreign rate differential
|
(
|
(
|
(
|
|||
Tax-exempt gains on securities and other income
|
(
|
(
|
(
|
|||
Loss (income) on equity method investments
|
(
|
(
|
(
|
|||
Nondeductible expenses
|
|
|
|
|||
Impairments of goodwill
|
(
|
|
|
|||
Changes in recognition and measurement of deferred tax assets1
|
(
|
(
|
|
|||
Effect of changes in tax law and/or tax rate
|
(
|
(
|
(
|
|||
Effect related to share-based payments
|
(
|
|
(
|
|||
Other1
|
|
|
(
|
|||
Actual income tax expense (benefit)
|
(
|
|
|
|||
in € m.
|
2022
|
2021
|
2020
|
|||
Actuarial gains (losses) related to defined benefit plans
|
(
|
(
|
|
|||
Net fair value gains (losses) attributable to credit risk related to financialliabilities designated as at fair value through profit or loss
|
(
|
|
|
|||
Financial assets mandatory at fair value through other comprehensive income:
|
||||||
Unrealized net gains (losses) arising during the period
|
|
|
(
|
|||
Realized net gains (losses) arising during the period (reclassified to profit or loss)
|
(
|
|
|
|||
Derivatives hedging variability of cash flows:
|
||||||
Unrealized net gains (losses) arising during the period
|
|
(
|
|
|||
Net gains (losses) reclassified to profit or loss
|
(
|
|
(
|
|||
Other equity movement:
|
||||||
Unrealized net gains (losses) arising during the period
|
|
|
(
|
|||
Net gains (losses) reclassified to profit or loss
|
|
|
|
|||
Income taxes credited (charged) to other comprehensive income
|
(
|
|
(
|
|||
Other income taxes credited (charged) to equity
|
|
|
|
|||
|
439
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Deferred tax assets:
|
||||
Unused tax losses
|
|
|
||
Unused tax credits
|
|
|
||
Deductible temporary differences:
|
||||
Trading activities, including derivatives
|
|
|
||
Employee benefits, including equity settled share based payments
|
|
|
||
Accrued interest expense
|
|
|
||
Loans and borrowings, including allowance for loans
|
|
|
||
Leases
|
|
|
||
Intangible Assets
|
|
|
||
Fair value OCI (IFRS 9)
|
|
|
||
Other assets
|
|
|
||
Other provisions
|
|
|
||
Other liabilities
|
|
|
||
Total deferred tax assets pre offsetting
|
|
|
||
Deferred tax liabilities:
|
||||
Taxable temporary differences:
|
||||
Trading activities, including derivatives
|
|
|
||
Employee benefits, including equity settled share based payments
|
|
|
||
Loans and borrowings, including allowance for loans
|
|
|
||
Leases
|
|
|
||
Intangible Assets
|
|
|
||
Fair value OCI (IFRS 9)
|
|
|
||
Other assets
|
|
|
||
Other provisions
|
|
|
||
Other liabilities
|
|
|
||
Total deferred tax liabilities pre offsetting
|
|
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Presented as deferred tax assets
|
|
|
||
Presented as deferred tax liabilities
|
|
|
||
Net deferred tax assets
|
|
|
||
in € m.
|
Dec 31, 2022¹
|
Dec 31, 2021¹
|
||
Deductible temporary differences
|
(
|
(
|
||
Not expiring
|
(
|
(
|
||
Expiring in subsequent period
|
(
|
|
||
Expiring after subsequent period
|
(
|
(
|
||
Unused tax losses
|
(
|
(
|
||
Expiring after subsequent period
|
(
|
(
|
||
Unused tax credits
|
(
|
(
|
||
|
440
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
441
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||
in € m.
|
Notional
|
Notional
|
||
Fair value hedge
|
||||
CHF LIBOR
|
|
|
||
GBP LIBOR
|
|
|
||
JPY LIBOR
|
|
|
||
USD LIBOR
|
|
|
||
|
442
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
Dec 31, 2022
|
2022
|
Dec 31, 2021
|
2021
|
||||||||||||
in € m.
|
Assets
|
Liabilities
|
Nominalamount
|
Fair Valuechanges usedfor hedgeeffectiveness
|
Assets
|
Liabilities
|
Nominalamount
|
Fair Valuechanges usedfor hedgeeffectiveness
|
||||||||
Derivatives held as fair value hedges
|
|
|
|
(
|
|
|
|
(
|
||||||||
2022
|
2021
|
|||
in € m.
|
Hedgeineffectiveness
|
Hedgeineffectiveness
|
||
Result of fair value hedges
|
(
|
|
||
Dec 31, 2022
|
2022
|
|||||||||||||
Carrying amount of Financialinstruments designated as fairvalue hedges
|
Accumulated amount offair value hedgeadjustments - Total
|
Accumulated amount offair value hedgeadjustments - Terminatedhedge relationships
|
Fair Valuechanges usedfor hedgeeffectiveness
|
|||||||||||
in € m.
|
Assets
|
Liabilities
|
Assets
|
Liabilities
|
Assets
|
Liabilities
|
||||||||
Financial assets at fair value throughother comprehensive income
|
|
|
(
|
0
|
(
|
0
|
(
|
|||||||
Bonds at amortized cost
|
|
|
(
|
0
|
0
|
0
|
(
|
|||||||
Long-term debt
|
|
|
0
|
(
|
0
|
(
|
|
|||||||
Deposits
|
|
|
0
|
0
|
0
|
0
|
0
|
|||||||
Loans at amortized cost
|
|
|
0
|
0
|
0
|
0
|
0
|
|||||||
Dec 31, 2021
|
2021
|
|||||||||||||
Carrying amount of Financialinstruments designated as fairvalue hedges
|
Accumulated amount offair value hedgeadjustments - Total
|
Accumulated amount offair value hedgeadjustments - Terminatedhedge relationships
|
Fair Valuechanges usedfor hedgeeffectiveness
|
|||||||||||
in € m.
|
Assets
|
Liabilities
|
Assets
|
Liabilities
|
Assets
|
Liabilities
|
||||||||
Financial assets at fair value throughother comprehensive income
|
|
0
|
(
|
0
|
|
0
|
(
|
|||||||
Bonds at amortized cost
|
|
0
|
|
0
|
|
0
|
(
|
|||||||
Long-term debt
|
0
|
|
0
|
|
0
|
|
|
|||||||
Deposits
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Loans at amortized cost
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Dec 31, 2022
|
2022
|
Dec 31, 2021
|
2021
|
|||||||||||||
in € m.
|
Assets
|
Liabilities
|
Nominalamount
|
Fair Valuechanges usedfor hedgeeffectiveness
|
Assets
|
Liabilities
|
Nominalamount
|
Fair Valuechanges usedfor hedgeeffectiveness
|
||||||||
Derivatives held as cash flow hedges
|
|
|
|
(
|
|
|
|
(
|
||||||||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
Dec 31, 2020
|
|||
Reported in Equity1
|
(
|
(
|
|
|||
thereof relates to terminated programs
|
|
|
|
|||
Gains (losses) posted to equity for the year ended
|
(
|
|
(
|
|||
Gains (losses) removed from equity for the year ended
|
|
(
|
|
|||
thereof relates to terminated programs
|
|
|
|
|||
Changes of hedged item's value used for hedge effectiveness
|
(
|
|
(
|
|||
Ineffectiveness recorded within P&L
|
|
|
(
|
|||
|
443
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
2022
|
Dec 31, 2021
|
2021
|
|||||||||||||
in € m.
|
Assets
|
Liabilities
|
Nominal amount
|
Fair Valuechanges usedfor hedgeeffectiveness
|
Assets
|
Liabilities
|
Nominal amount
|
Fair Valuechanges usedfor hedgeeffectiveness
|
||||||||
Derivatives held as net investment hedges
|
|
|
|
(
|
|
|
|
(
|
||||||||
2022
|
2021
|
|||||||
in € m.
|
Fair value changesrecognised inEquity1
|
Hedgeineffectiveness
|
Fair value changesrecognised inEquity1
|
Hedgeineffectiveness
|
||||
Result of net investment hedges
|
|
(
|
|
(
|
||||
in € m.
|
Within 1 year
|
1–3 years
|
3–5 years
|
Over 5 years
|
||||
As of December 31, 2022
|
||||||||
Nominal amount Foreign exchange forwards
|
|
|
|
|
||||
Nominal amount Foreign exchange swaps
|
|
|
|
|
||||
Total
|
|
|
|
|
||||
As of December 31, 2021
|
||||||||
Nominal amount Foreign exchange forwards
|
|
|
|
|
||||
Nominal amount Foreign exchange swaps
|
|
|
|
|
||||
Total
|
|
|
|
|
||||
|
444
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Short-term employee benefits
|
|
|
|
|||
Post-employment benefits
|
|
|
|
|||
Other long-term benefits
|
|
|
|
|||
Termination benefits
|
|
|
|
|||
Share-based payment
|
|
|
|
|||
Total
|
|
|
|
|||
in € m.
|
2022
|
2021
|
||
Loans outstanding, beginning of year
|
|
|
||
Net movement in loans during the period
|
(
|
|
||
Changes in the group of consolidated companies
|
|
|
||
Exchange rate changes/other1
|
|
(
|
||
Loans outstanding, end of year1,2
|
|
|
||
Other credit risk related transactions:
|
||||
Allowance for loan losses
|
|
|
||
Provision for loan losses
|
|
|
||
Guarantees and commitments
|
|
|
||
|
445
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
||
Deposits outstanding, beginning of year
|
|
|
||
Net movement in deposits during the period
|
(
|
|
||
Changes in the group of consolidated companies
|
|
|
||
Exchange rate changes/other
|
|
|
||
Deposits outstanding, end of year
|
|
|
||
in € m.
|
2022
|
2021
|
||
Equity shares issued by the Group held in plan assets
|
|
|
||
Other assets
|
|
|
||
Fees paid from plan assets to asset managers of the Group
|
|
|
||
Market value of derivatives with a counterparty of the Group
|
|
|
||
Notional amount of derivatives with a counterparty of the Group
|
|
|
||
|
446
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||
DWS Group GmbH & Co. KGaA
|
||||
Proportion of ownership interests and voting rights held by non-controlling interests
|
|
|
||
Place of business
|
|
|
||
in € m
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Net income attributable to non-controlling interests
|
|
|
||
Accumulated non-controlling interests of the subsidiary
|
|
|
||
Dividends paid to non-controlling interests
|
|
|
||
Summarized financial information:
|
||||
Total assets
|
|
|
||
Total liabilities
|
|
|
||
Total net revenues
|
|
|
||
Net income (loss)
|
|
|
||
Total comprehensive income (loss), net of tax
|
|
|
||
Dec 31, 2022
|
Dec 31, 2021
|
|||||||
in € m.
|
Totalassets
|
Restrictedassets
|
Totalassets
|
Restrictedassets
|
||||
Interest-earning deposits with banks
|
|
|
|
|
||||
Financial assets at fair value through profit or loss
|
|
|
|
|
||||
Financial assets at fair value through other comprehensive income
|
|
|
|
|
||||
Loans at amortized cost
|
|
|
|
|
||||
Other
|
|
|
|
|
||||
Total
|
|
|
|
|
||||
|
447
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
448
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
449
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||||||||
in € m.
|
Repacka-ging andInvestmentEntities
|
Third PartyFundingEntities
|
Securiti-zations
|
Funds
|
Total
|
|||||
Assets
|
||||||||||
Cash and central bank balances
|
|
|
|
|
|
|||||
Interbank balances (w/o central banks)
|
|
|
|
|
|
|||||
Central bank funds sold and securitiespurchased under resale agreements
|
|
|
|
|
|
|||||
Securities Borrowed
|
|
|
|
|
|
|||||
Total financial assets at fair valuethrough profit or loss
|
|
|
|
|
|
|||||
Trading assets
|
|
|
|
|
|
|||||
Positive market values(derivative financial instruments)
|
|
|
|
|
|
|||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|
|
|
|
|||||
Financial assets designated at fairvalue through profit or loss
|
|
|
|
|
|
|||||
Financial assets at fair value through other comprehensive income
|
|
|
|
|
|
|||||
Loans at amortized cost
|
|
|
|
|
|
|||||
Other assets
|
|
|
|
|
|
|||||
Total assets
|
|
|
|
|
|
|||||
Liabilities
|
||||||||||
Total financial liabilities at fair valuethrough profit or loss
|
|
|
|
|
|
|||||
Negative market values(derivative financial instruments)
|
|
|
|
|
|
|||||
Other short-term borrowings
|
|
|
|
|
|
|||||
Other liabilities
|
|
|
|
|
|
|||||
Total liabilities
|
|
|
|
|
|
|||||
Off-balance sheet exposure
|
|
|
|
|
|
|||||
Total
|
|
|
|
|
|
|||||
|
450
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2021
|
||||||||||
in € m.
|
Repacka-ging andInvestmentEntities
|
Third PartyFundingEntities
|
Securiti-zations
|
Funds
|
Total
|
|||||
Assets
|
||||||||||
Cash and central bank balances
|
|
|
|
|
|
|||||
Interbank balances (w/o central banks)
|
|
|
|
|
|
|||||
Central bank funds sold and securitiespurchased under resale agreements
|
|
|
|
|
|
|||||
Securities Borrowed
|
|
|
|
|
|
|||||
Total financial assets at fair valuethrough profit or loss
|
|
|
|
|
|
|||||
Trading assets
|
|
|
|
|
|
|||||
Positive market values(derivative financial instruments)
|
|
|
|
|
|
|||||
Non-trading financial assets mandatory at fair value through profit or loss
|
|
|
|
|
|
|||||
Financial assets designated at fairvalue through profit or loss
|
|
|
|
|
|
|||||
Financial assets at fair value through other comprehensive income
|
|
|
|
|
|
|||||
Loans at amortized cost
|
|
|
|
|
|
|||||
Other assets
|
|
|
|
|
|
|||||
Total assets
|
|
|
|
|
|
|||||
Liabilities
|
||||||||||
Total financial liabilities at fair valuethrough profit or loss
|
|
|
|
|
|
|||||
Negative market values(derivative financial instruments)
|
|
|
|
|
|
|||||
Other short-term borrowings
|
|
|
|
|
|
|||||
Other liabilities
|
|
|
|
|
|
|||||
Total liabilities
|
|
|
|
|
|
|||||
Off-balance sheet exposure
|
|
|
|
|
|
|||||
Total
|
|
|
|
|
|
|||||
|
451
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Amounts recovered or settled
|
Total
|
|||||
in € m.
|
within one year
|
after one year
|
Dec 31, 2022
|
|||
Cash and central bank balances
|
|
|
|
|||
Interbank balances (w/o central banks)
|
|
|
|
|||
Central bank funds sold and securities purchased under resale agreements
|
|
|
|
|||
Securities borrowed
|
|
|
|
|||
Financial assets at fair value through profit or loss
|
|
|
|
|||
Financial assets at fair value through other comprehensive income
|
|
|
|
|||
Equity method investments
|
|
|
|
|||
Loans at amortized cost
|
|
|
|
|||
Property and equipment
|
|
|
|
|||
Goodwill and other intangible assets
|
|
|
|
|||
Other assets
|
|
|
|
|||
Assets for current tax
|
|
|
|
|||
Total assets before deferred tax assets
|
|
|
|
|||
Deferred tax assets
|
|
|||||
Total assets
|
|
|||||
Amounts recovered or settled
|
Total
|
|||||
in € m.
|
within one year
|
after one year
|
Dec 31, 2022
|
|||
Deposits
|
|
|
|
|||
Central bank funds purchased and securities sold under repurchase agreements
|
|
|
|
|||
Securities loaned
|
|
|
|
|||
Financial liabilities at fair value through profit or loss
|
|
|
|
|||
Other short-term borrowings
|
|
|
|
|||
Other liabilities
|
|
|
|
|||
Provisions
|
|
|
|
|||
Liabilities for current tax
|
|
|
|
|||
Long-term debt
|
|
|
|
|||
Trust preferred securities
|
|
|
|
|||
Total liabilities before deferred tax liabilities
|
|
|
|
|||
Deferred tax liabilities
|
|
|||||
Total liabilities
|
|
|||||
Amounts recovered or settled
|
Total
|
|||||
in € m.
|
within one year
|
after one year
|
Dec 31, 2021
|
|||
Cash and central bank balances
|
|
|
|
|||
Interbank balances (w/o central banks)
|
|
|
|
|||
Central bank funds sold and securities purchased under resale agreements
|
|
|
|
|||
Securities borrowed
|
|
|
|
|||
Financial assets at fair value through profit or loss
|
|
|
|
|||
Financial assets at fair value through other comprehensive income
|
|
|
|
|||
Equity method investments
|
|
|
|
|||
Loans at amortized cost
|
|
|
|
|||
Property and equipment
|
|
|
|
|||
Goodwill and other intangible assets
|
|
|
|
|||
Other assets
|
|
|
|
|||
Assets for current tax
|
|
|
|
|||
Total assets before deferred tax assets
|
|
|
|
|||
Deferred tax assets
|
|
|||||
Total assets
|
|
|||||
|
452
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Amounts recovered or settled
|
Total
|
|||||
in € m.
|
within one year
|
after one year
|
Dec 31, 2021
|
|||
Deposits
|
|
|
|
|||
Central bank funds purchased and securities sold under repurchase agreements
|
|
|
|
|||
Securities loaned
|
|
|
|
|||
Financial liabilities at fair value through profit or loss
|
|
|
|
|||
Other short-term borrowings
|
|
|
|
|||
Other liabilities1
|
|
|
|
|||
Provisions
|
|
|
|
|||
Liabilities for current tax
|
|
|
|
|||
Long-term debt
|
|
|
|
|||
Trust preferred securities
|
|
|
|
|||
Total liabilities before deferred tax liabilities1
|
|
|
|
|||
Deferred tax liabilities
|
|
|||||
Total liabilities
|
|
|||||
|
453
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
454
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
455
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
Dec 31, 2022 ³
|
Dec 31, 2021
|
||||
in € m.
|
CRR/CRD
|
CRR/CRD
fully loaded
|
CRR/CRD
|
|||
Common Equity Tier 1 (CET 1) capital: instruments and reserves
|
||||||
Capital instruments, related share premium accounts and other reserves
|
|
45,864
|
|
|||
Retained earnings
|
|
10,506
|
|
|||
Accumulated other comprehensive income (loss), net of tax
|
(
|
(444
)
|
(
|
|||
Independently reviewed interim profits net of any foreseeable charge or dividend1
|
|
1,379
|
|
|||
Other
|
|
910
|
|
|||
Common Equity Tier 1 (CET 1) capital before regulatory adjustments
|
|
58,215
|
|
|||
Common Equity Tier 1 (CET 1) capital: regulatory adjustments
|
||||||
Additional value adjustments (negative amount)
|
(
|
(1,812
)
|
(
|
|||
Other prudential filters (other than additional value adjustments)
|
|
(14
)
|
(
|
|||
Goodwill and other intangible assets (net of related tax liabilities) (negative amount)
|
(
|
(4,897
)
|
(
|
|||
Deferred tax assets that rely on future profitability excluding those arising fromtemporary differences (net of related tax liabilities where the conditions in Art. 38 (3)CRR are met) (negative amount)
|
(
|
(1,466
)
|
(
|
|||
Negative amounts resulting from the calculation of expected loss amounts
|
(
|
(573
)
|
(
|
|||
Defined benefit pension fund assets (net of related tax liabilities) (negative amount)
|
(
|
(991
)
|
(
|
|||
Direct, indirect and synthetic holdings by an institution of own CET 1 instruments (negative amount)
|
(
|
0
|
|
|||
Direct, indirect and synthetic holdings by the institution of the CET 1 instruments of financial sector entities where the institution has a significant investment in those entities (amount above the 10 % / 15 % thresholds and net of eligible short positions) (negative amount)
|
|
0
|
|
|||
Deferred tax assets arising from temporary differences (net of related tax liabilities where the conditions in Art. 38 (3) CRR are met) (amount above the 10 % / 15 % thresholds) (negative amount)
|
|
(151
)
|
(
|
|||
Other regulatory adjustments2
|
(
|
(1,805
)
|
(
|
|||
Total regulatory adjustments to Common Equity Tier 1 (CET 1) capital
|
(
|
(11,709
)
|
(
|
|||
Common Equity Tier 1 (CET 1) capital
|
|
46,506
|
|
|||
Additional Tier 1 (AT1) capital: instruments
|
||||||
Capital instruments and the related share premium accounts
|
|
8,328
|
|
|||
Amount of qualifying items referred to in Art. 484 (4) CRR and the related sharepremium accounts subject to phase out from AT1
|
|
N/M
|
|
|||
Additional Tier 1 (AT1) capital before regulatory adjustments
|
|
8,328
|
|
|||
Additional Tier 1 (AT1) capital: regulatory adjustments
|
||||||
Direct, indirect and synthetic holdings by an institution of own AT1 instruments(negative amount)
|
(
|
(60
)
|
(
|
|||
Residual amounts deducted from AT1 capital with regard to deduction from CET 1 capital during the transitional period pursuant to Art. 472 CRR
|
||||||
Other regulatory adjustments
|
|
0
|
|
|||
Total regulatory adjustments to Additional Tier 1 (AT1) capital
|
(
|
(60
)
|
(
|
|||
Additional Tier 1 (AT1) capital
|
|
8,268
|
|
|||
Tier 1 capital (T1 = CET 1 + AT1)
|
|
54,775
|
|
|||
Tier 2 (T2) capital
|
|
7,328
|
|
|||
Total capital (TC = T1 + T2)
|
|
62,102
|
|
|||
Total risk-weighted assets
|
|
351,629
|
|
|||
Capital ratios
|
||||||
Common Equity Tier 1 capital ratio (as a percentage of risk-weighted assets)
|
|
13.2
|
|
|||
Tier 1 capital ratio (as a percentage of risk-weighted assets)
|
|
15.6
|
|
|||
Total capital ratio (as a percentage of risk-weighted assets)
|
|
17.7
|
|
|||
|
456
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
CRR/CRD
|
|||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Total shareholders’ equity per accounting balance sheet (IASB IFRS)
|
|
|
||
Difference between equity per IASB IFRS / EU IFRS³
|
|
(
|
||
Total shareholders’ equity per accounting balance sheet (EU IFRS)
|
|
|
||
Deconsolidation/Consolidation of entities
|
|
|
||
Of which:
|
||||
Additional paid-in capital
|
|
|
||
Retained earnings
|
|
|
||
Accumulated other comprehensive income (loss), net of tax
|
|
|
||
Total shareholders' equity per regulatory balance sheet
|
|
|
||
Minority Interests (amount allowed in consolidated CET 1)
|
|
|
||
AT1 coupon and shareholder dividend deduction1
|
(
|
(
|
||
Capital instruments not eligible under CET 1 as per CRR 28(1) (22) 0
|
(
|
0
|
||
Common Equity Tier 1 (CET 1) capital before regulatory adjustments
|
|
|
||
Additional value adjustments
|
(
|
(
|
||
Other prudential filters (other than additional value adjustments)
|
|
(
|
||
Goodwill and other intangible assets (net of related tax liabilities) (negative amount)
|
(
|
(
|
||
Deferred tax assets that rely on future profitability
|
(
|
(
|
||
Defined benefit pension fund assets (net of related tax liabilities) (negative amount)
|
(
|
(
|
||
Direct, indirect and synthetic holdings by the institution of the CET 1 instruments of financial sector entitieswhere the institution has a significant investment in those entities
|
|
|
||
Other regulatory adjustments2
|
(
|
(
|
||
Common Equity Tier 1 capital⁴
|
|
|
||
|
457
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
458
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||
in € m.
|
USD LIBOR
|
|
Non-Derivative Financial assets
|
|
|
Loans
|
|
|
Other
|
|
|
Derivative Financial assets
|
|
|
Total financial assets
|
|
|
Non-Derivative Financial liabilities
|
|
|
Bonds
|
|
|
Deposits
|
|
|
Other
|
|
|
Derivative Financial liabilities
|
|
|
Total financial liabilities
|
|
|
Off-balance sheet
|
|
|
Dec 31, 2021
|
||||||||||||||
in € m.
|
USD LIBOR
|
GBP LIBOR
|
CHF LIBOR
|
JPY LIBOR
|
EONIA
|
Other IBORs
|
Multiple basis²
|
|||||||
Non-Derivative Financial assets
|
|
|
|
|
|
|
-
|
|||||||
Loans
|
|
|
|
|
|
|
-
|
|||||||
Other
|
|
|
-
|
|
|
-
|
-
|
|||||||
Derivative Financial assets
1
|
|
|
|
|
|
|
|
|||||||
Total financial assets
|
|
|
|
|
|
|
|
|||||||
Non-Derivative Financial liabilities
|
|
|
-
|
-
|
|
-
|
-
|
|||||||
Bonds
|
|
-
|
-
|
-
|
-
|
-
|
-
|
|||||||
Deposits
|
|
-
|
-
|
-
|
|
-
|
-
|
|||||||
Other
|
|
|
-
|
-
|
|
-
|
-
|
|||||||
Derivative Financial liabilities
1
|
|
|
|
|
|
|
|
|||||||
Total financial liabilities
|
|
|
|
|
|
|
|
|||||||
Off-balance sheet
|
|
|
|
|
|
|
-
|
|||||||
|
459
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Interest income, excluding dividends from subsidiaries
|
|
|
|
|||
Dividends received from subsidiaries:
|
||||||
Bank subsidiaries
|
|
|
|
|||
Nonbank subsidiaries
|
|
|
|
|||
Interest expense
|
|
|
|
|||
Net interest and dividend income
|
|
|
|
|||
Provision for credit losses
|
|
|
|
|||
Net interest and dividend income after provision for credit losses
|
|
|
|
|||
Noninterest income:
|
||||||
Commissions and fee income
|
|
|
|
|||
Net gains (losses) on financial assets/liabilities at fair value through profit or loss
|
|
|
|
|||
Other income (loss)1
|
|
(
|
|
|||
Total noninterest income
|
|
|
|
|||
Noninterest expenses:
|
||||||
Compensation and benefits
|
|
|
|
|||
General and administrative expenses
|
|
|
|
|||
Services provided by (to) affiliates, net
|
|
|
|
|||
Impairment of goodwill and other intangible assets
|
|
|
|
|||
Total noninterest expenses
|
|
|
|
|||
Income (loss) before income taxes
|
|
|
|
|||
Income tax expense (benefit)
|
(
|
|
(
|
|||
Net income (loss) attributable to Deutsche Bank shareholders and additional equity components
|
|
|
|
|||
in € m.
|
2022
|
2021
|
2020
|
|||
Net income (loss) attributable to Deutsche Bank shareholders and additional equity components
|
|
|
|
|||
Other comprehensive income (loss), net of tax
|
(
|
|
(
|
|||
Total comprehensive income (loss), net of tax
|
|
|
|
|||
|
460
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
Dec 31, 2022
|
Dec 31, 2021
|
||
Assets:
|
||||
Cash and central bank balances:
|
|
|
||
Interbank balances (w/o central banks):
|
||||
Bank subsidiaries
|
|
|
||
Other
|
|
|
||
Central bank funds sold, securities purchased under resale agreements, securities borrowed:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Other
|
|
|
||
Financial assets at fair value through profit or loss:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Other
|
|
|
||
Financial assets at fair value through other comprehensive income
|
|
|
||
Investments in associates
|
|
|
||
Investment in subsidiaries:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Loans:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Other
|
|
|
||
Other assets:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Other
|
|
|
||
Total assets
|
|
|
||
Liabilities and equity:
|
||||
Deposits:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Other
|
|
|
||
Central bank funds purchased, securities sold under repurchase agreements and securities loaned:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Other
|
|
|
||
Financial liabilities at fair value through profit or loss:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Other
|
|
|
||
Other short-term borrowings:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Other
|
|
|
||
Other liabilities:
|
||||
Bank subsidiaries
|
|
|
||
Nonbank subsidiaries
|
|
|
||
Other
|
|
|
||
Long-term debt
|
|
|
||
Total liabilities
|
|
|
||
Total shareholders’ equity
|
|
|
||
Additional equity components
|
|
|
||
Total equity
|
|
|
||
Total liabilities and equity
|
|
|
||
|
457
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022
|
2021
|
2020
|
|||
Net cash provided by (used in) operating activities
|
|
(
|
|
|||
Cash flows from investing activities:
|
||||||
Proceeds from:
|
||||||
Sale of financial assets at fair value through other comprehensive income
|
|
|
|
|||
Maturities of financial assets at fair value through other comprehensive income
|
|
|
|
|||
Sale of debt securities held to collect at amortized cost
|
|
|
|
|||
Maturities of debt securities held to collect at amortized cost
|
|
|
|
|||
Sale of equity method investments
|
|
|
|
|||
Sale of property and equipment
|
|
|
|
|||
Purchase of:
|
||||||
Financial assets at fair value through other comprehensive income
|
(
|
(
|
(
|
|||
Debt Securities held to collect at amortized cost
|
(
|
(
|
(
|
|||
Investments in associates
|
(
|
(
|
(
|
|||
Property and equipment
|
(
|
(
|
(
|
|||
Net change in investments in subsidiaries
|
|
|
|
|||
Other, net
|
(
|
(
|
(
|
|||
Net cash provided by (used in) investing activities
|
(
|
|
|
|||
Cash flows from financing activities:
|
||||||
Issuances of subordinated long-term debt
|
|
|
|
|||
Repayments and extinguishments of subordinated long-term debt
|
(
|
(
|
(
|
|||
Issuances of trust preferred securities
|
0
|
0
|
0
|
|||
Repayments and extinguishments of trust preferred securities
|
0
|
0
|
0
|
|||
Principal portion of lease payments
|
(
|
(
|
(
|
|||
Common shares issued
|
0
|
0
|
0
|
|||
Purchases of treasury shares
|
(
|
(
|
(
|
|||
Sale of treasury shares
|
0
|
|
|
|||
Additional Equity Components (AT1) issued
|
|
|
|
|||
Additional Equity Components (AT1) repaid
|
(
|
0
|
0
|
|||
Purchases of Additional Equity Components (AT1)
|
(
|
(
|
(
|
|||
Sale of Additional Equity Components (AT1)
|
|
|
|
|||
Coupon on additional equity components, pre tax
|
(
|
(
|
(
|
|||
Net change in noncontrolling interests
|
0
|
0
|
0
|
|||
Cash dividends paid to Deutsche Bank shareholders
|
(
|
0
|
0
|
|||
Net cash provided by (used in) financing activities
|
|
|
|
|||
Net effect of exchange rate changes on cash and cash equivalents
|
|
|
(
|
|||
Net increase (decrease) in cash and cash equivalents
|
(
|
|
|
|||
thereof: Group internal merger
|
0
|
0
|
|
|||
Cash and cash equivalents at beginning of period
|
|
|
|
|||
Cash and cash equivalents at end of period
|
|
|
|
|||
Net cash provided by (used in) operating activities include
|
||||||
Income taxes paid (received), net
|
|
|
|
|||
Interest paid
|
|
|
|
|||
Interest received
|
|
|
|
|||
Dividends received
|
|
|
|
|||
Cash and cash equivalents comprise
|
||||||
Cash and central bank balances (not included Interest-earning time deposits with central banks)
|
|
|
|
|||
Interbank balances (w/o central banks)
|
|
|
|
|||
Total
|
137,341
|
144,741
|
129,699
|
|||
in € m.
|
Due in2023
|
Due in2024
|
Due in2025
|
Due in2026
|
Due in2027
|
Due after2027
|
TotalDec 31,2022
|
TotalDec 31,2021
|
||||||||
Senior debt:
|
||||||||||||||||
Bonds and notes:
|
||||||||||||||||
Fixed rate
|
|
|
|
|
|
|
|
|
||||||||
Floating rate
|
|
|
|
|
|
|
|
|
||||||||
Other
|
|
|
|
|
|
|
|
|
||||||||
Subordinated debt
|
||||||||||||||||
Bonds and notes:
|
||||||||||||||||
Fixed rate
|
|
0
|
|
|
|
|
|
|
||||||||
Floating rate
|
|
|
|
0
|
0
|
|
|
|
||||||||
Other
|
|
|
0
|
|
|
|
|
|
||||||||
Total long-term debt
|
|
|
|
|
|
|
|
|
||||||||
|
458
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
459
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Valuation of level 3 financial instruments and related inputs not quoted in active markets
|
||
Description of
the Matter
|
Management uses valuation techniques to establish the fair value of level 3 financial instruments and related inputs not quoted in active markets. The Group held level 3 financial assets and financial liabilities measured at fair value of EUR 26,675 million and EUR 10,815 million as of December 31, 2022. The relevant financial instruments are reported within financial assets and liabilities at fair value through profit or loss, and financial assets at fair value through other comprehensive income. Information on the valuation techniques, models and methodologies used in the measurement of fair value is provided in notes 1 and 13 of the notes to the consolidated financial statements.Financial instruments and related inputs that are not quoted in active markets include structured derivatives valued using complex models; more-complex OTC derivatives; distressed debt; highly-structured bonds; illiquid loans; credit spreads used to determine valuation adjustments (Credit Valuation Adjustment); and other inputs which cannot be observed mainly for instruments with longer-dated maturities.Auditing the valuation of level 3 financial instruments and related inputs not quoted in active markets was complex due to the valuation techniques and models being utilized and the unobservability of the significant inputs used.
|
|
How We
Addressed the
Matter in Our
Audit
|
We obtained an understanding, evaluated the design and tested the operating effectiveness of the controls over management’s processes to determine fair value of financial instruments and determination of significant unobservable inputs therein. This includes controls relating to independent price verification; independent validation of valuation models, including assessment of model limitations; monitoring valuation model usage; and calculation of fair value adjustments.We evaluated the valuation techniques, models and methodologies, and tested the significant inputs used in those models. We performed an independent revaluation of a sample of derivatives and other financial instruments at fair value that are not quoted in active markets, using independent models and inputs. We also independently assessed the reasonableness of a sample of proxy inputs used, by comparing them to market data sources and evaluated their relevance to the underlying positions.In addition, we evaluated the methodology and inputs used by management in determining fair value adjustments against the requirements of IFRS 13 and performed recalculations for a sample of these valuation adjustments using our own independent data and methodology. We involved internal financial instruments valuation specialists in the procedures related to valuation models, independent revaluation and fair value adjustments.
|
|
460
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Inclusion of forward-looking information in the model-based calculation of expected credit losses
|
||
Description of the
Matter
|
As of December 31, 2022, the Group recognized an allowance for credit losses of EUR 5,615 million, with EUR 1,426 million relating to stage 1 and stage 2 allowances. Information on the inclusion of forward-looking information into the model-based calculation of expected credit losses and their adjustments for stages 1 and 2 is provided in notes 1 and 19 of the notes to the consolidated financial statements.The estimated probabilities of default (PD) used in the model-based calculation of expected credit losses on non-defaulted financial instruments (IFRS 9 stage 1 and stage 2) are based on historical information, combined with current economic developments and forward-looking macroeconomic forecasts (e.g., gross domestic product and unemployment rates). Statistical techniques are used to transform the base scenario for future macroeconomic developments into multiple scenarios. These scenarios are the basis for deriving multi-year PD curves for different rating and counterparty classes, which are used in the calculation of expected credit losses. Given the economic uncertainties from the war in Ukraine, potential energy shortages in Europe, rising inflationary pressures and related risks to the global economy, the estimation of forward-looking information requires significant judgment. To reflect these uncertainties, management must assess whether to make adjustments to its standard process for inclusion of macroeconomic variables into the expected credit loss model and forecasting methods, either by adjusting the macroeconomic variables or through the inclusion of management overlays.Auditing the forward-looking information, included in the model-based calculation of expected credit losses, and any adjustment thereof, was complex due to the economic uncertainty and use of judgment.
|
|
How We
Addressed the
Matter in Our
Audit
|
We obtained an understanding of the processes implemented by management, assessed the design of the controls over the selection, determination, monitoring and validation of forward-looking information in respect of the requirements under IFRS 9, and tested their operating effectiveness. We evaluated management’s review of its expected credit loss model and forecasting methods conducted through the model validation process. Furthermore, we evaluated the methods used to include the selected variables in the baseline scenario and the multi-scenario analysis. We assessed the baseline macroeconomic forecasts by comparing them with the macroeconomic forecasts published by external sources. We also evaluated the methodology applied by management to determine whether to adjust its standard process for inclusion of macroeconomic variables or to adjust the model results through management overlays. In doing so, we assessed the results of management’s sensitivity analysis and compared the macroeconomic variables used to our own benchmark analysis. We also assessed that the adjustments were included in the calculation of expected credit losses according to management’s methodology.To assess the inclusion of forward-looking information in the model-based calculation of expected credit losses, we involved internal credit risk modelling specialists to assist us.
|
|
461
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Measurement of goodwill for the Asset Management cash-generating unit
|
||
Description of the
Matter
|
As of December 31, 2022, the Group reported goodwill of EUR 2,919 million that was exclusively allocated to its Asset Management cash-generating unit (CGU). Information on the measurement of goodwill is provided in notes 1 and 23 of the notes to the consolidated financial statements.For purposes of the impairment test, the recoverable amount of the Asset Management CGU is calculated using the discounted cash flow model. In this context, significant assumptions are made regarding the earnings projections, the discount rate and the long-term growth rate. The discount rate is derived using the Capital Asset Pricing Model.Auditing the measurement of goodwill for the Asset Management CGU involved a high degree of judgment due to the earnings projections, discount rate and long-term growth rate contained in the discounted cash flow model.
|
|
How We
Addressed the
Matter in Our
Audit
|
We obtained an understanding of the process for preparing the earnings projections and calculating the recoverable amount of goodwill for the Asset Management CGU. In this respect, we also obtained an understanding of management’s controls regarding the earnings projections, the discount rate and the long-term growth rate, assessed the design of such controls and tested their operating effectiveness.We analyzed the significant assumptions described above with a focus on significant changes in the planning assumptions compared with the prior year. In this regard, we assessed the consistency and reasonableness of the significant assumptions used in the discounted cash flow model by comparing them with external market expectations.In analyzing the expected future cash flows of the Asset Management CGU, we compared the earnings projections with the prior fiscal year’s projections and the actual results achieved and evaluated any significant deviations. Furthermore, we assessed the significant valuation parameters used for the estimate of the recoverable amount, such as the discount rate and long- term growth rate, to the extent they are within a range of externally available forecasts. To assess the above assumptions made in the recoverability of goodwill, we involved internal business valuation specialists.
|
|
462
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Recognition and measurement of deferred tax assets
|
||
Description of the
Matter
|
As of December 31, 2022, the Group reported net deferred tax assets of EUR 6,687 million. Information on the recognition and measurement of deferred tax assets is provided in notes 1 and 34 of the notes to the consolidated financial statements.The recognition and measurement of deferred tax assets is based on the estimation of the ability to utilize unused tax losses and deductible temporary differences against potential future taxable income. This estimate is based, among others, on assumptions regarding forecasted operating results based upon the approved business plan. Auditing the deferred tax assets was complex because of the use of judgment in estimation of future taxable income and the ability to use tax losses.
|
|
How We
Addressed the
Matter in Our
Audit
|
We obtained an understanding of the process to determine whether deductible temporary differences and unused tax losses are identified and measured in accordance with the provisions of tax law and rules for accounting for deferred taxes under IAS 12, evaluated the design and tested the operating effectiveness of the related controls. We tested the assumptions used to develop and allocate elements of the approved business plan as a basis for estimating the future taxable income of the relevant group companies and tax groups.Furthermore, we evaluated the recognition of deferred tax assets by analyzing the key assumptions made in estimating future taxable income. We assessed the estimates made in the forecasted operating results by comparing the underlying key assumptions with historical and prospective data available externally. We compared the historical forecasts with the actual results. In addition, we assessed the estimated tax adjustments and we performed sensitivity analyses on the utilization periods of the respective deferred tax assets.To assess the assumptions used in the recoverability of the deferred taxes, we involved our tax professionals and internal business valuation specialists.
|
|
463
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
464
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
465
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Compensation of the Management Board
|
|||
Compensation of members of the Supervisory Board
|
|||
Comparative presentation of compensation and earnings trends
|
|||
Compensation of the employees (unaudited)
|
|||
|
466
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
467
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
468
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Corporate strategy
|
The compensation system for the Management Board members is closely linked to Deutsche Bank’s strategy, thereby focusing their work on its implementation and the long-term positive development of the Group, without taking disproportionate risks.
|
||
Shareholders’ interests
|
The interests of shareholders are always taken into account when designing the specific structure of the compensation system, determining individual compensation amounts and structuring the means of compensation allocation and delivery.
|
||
Individual and collective objectives
|
Setting individual, divisional and collective objectives fosters not only the sustainable and long-term development of each of the business divisions, infrastructure areas or regions the Management Board members are responsible for, but also the performance of the Management Board as a collective management body.
|
||
Long-term perspective
|
A long-term link to Deutsche Bank’s performance is secured by setting a greater percentage of long-term objectives in comparison to short-term objectives and by granting variable compensation exclusively in deferred form and mostly as share-based compensation with vesting and holding periods of up to seven years.
|
||
Sustainability
|
Objectives in accordance with Deutsche Bank’s Environmental, Social and Governance (ESG) strategy provide incentives for acting responsibly, also in the context of sustainability, and thus make an important contribution to Deutsche Bank`s long-term performance.
|
||
Appropriateness and upper limits (caps)
|
The appropriateness of the compensation amounts is ensured through the review of the compensation based on a horizontal comparison with peers and a vertical comparison with the workforce as well as suitable compensation caps on the achievable variable compensation and maximum compensation.
|
||
Transparency
|
By avoiding unnecessary complexity in the structures and through clear and understandable reporting, the transparency of the compensation system is increased in accordance with the expectations of investors and the public as well as the regulatory requirements.
|
||
Governance
|
The structuring of the compensation system and the assessment to determine the individual compensation take place within the framework of the statutory and regulatory requirements.
|
||
|
469
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
470
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
471
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Components
|
Objective
|
Implementation
|
||||
Fixed Compensation
|
||||||
Base salary
|
The base salary rewards the Management Board member for performing the respective role and responsibilities. The fixed compensation is intended to ensure a fair and market-oriented income and to ensure that undue risks are avoided. In addition, Management Board members are granted recurrent, fringe benefits and contributions for pension benefits.
|
-
|
Monthly payment; Annual base salary of between € 2.4 million and € 3.6 million
|
|||
Fringe benefits
|
-
|
Company car and driver services as well, if applicable moving expenses, housing allowance, insurance premiums and reimbursement of business representation expenses
|
||||
Pension
|
-
|
A single and contractually agreed annually pension plan contribution or allowance of € 650,000 for adequate pension provision
|
||||
Variable Compensation
|
||||||
Short Term Award (STA)
|
The STA rewards the individual value contribution of each member of the Management Board to achieving short- and medium-term objectives in accordance with the corporate strategy. It consists of three elements, which are tailored to the role and responsibilities of the Management Board member and can be individually influenced by the level of achievement by the Management Board member.
|
-
|
40 % of the total variable compensation with 3 elements related to individual performance(1) Individual objectives (20 %);(2) Individual Balanced Scorecard (10 %);(3) Annual priorities (10 %)
|
|||
-
|
Maximum target level 150 %
|
|||||
-
|
Assessment period 1 year
|
|||||
-
|
Earliest possible disbursement in 4 tranches in Restricted Incentive Awards (cash-based) - 1, 3, 5 and 7 years after being granted
|
|||||
-
|
Target amount for 100 % achievement level: Between € 1.640 million and € 2.160 million
|
|||||
Long Term Award (LTA)
|
Within the determination of the variable compensation, the focus is on achieving long-term objectives linked to the strategy. To underline this, the Supervisory Board has set the focus on this component with a share of the LTA of 60 % of the total variable target compensation. For the LTA, the Supervisory Board sets collective objectives for the members of the Management Board. An important part of the LTA is the ESG factor. Since its implementation in 2021 and further development, Deutsche Bank’s sustainability strategy has been systematically linked to the Management Board compensation
|
-
|
60 % of total variable compensation with 4 group targets(1) ESG factor (20 %);(2) Relative total shareholder return (15 %);(3) Organic capital growth (15 %);(4) Group component (10 %)
|
|||
-
|
Maximum target level 150 %
|
|||||
-
|
Assessment period of 3 years with weightings of 60 % (Financial Year (FY)), 30 % (FY+1), 10 % (FY+2)
|
|||||
-
|
Disbursement in 4 tranches exclusively in Restricted Equity Awards (share-based) – earliest possible delivery after 2, 3, 4, 5 years plus a holding period in each case of 1 year after grant
|
|||||
-
|
Target amount for 100 % Achievement level: Between € 2.460 million and € 3.240 million
|
|||||
|
472
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Compensation components
|
Relative share of total compensation in %
|
|
Base Salary
|
~ 33-37%
|
|
Regular fringe benefits
|
~ 1%
|
|
Pension service costs / pension allowance
|
~ 7-9%
|
|
Short-Term Award
|
~ 22-23%
|
|
Long-Term Award
|
~ 33-34%
|
|
Reference total compensation
|
100%
|
|
|
473
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
2021
|
|||||||||
in €
|
Basesalary
|
Short-TermAward
|
Long-TermAward
|
Totalcompensation1
|
Totalcompensation1
|
|||||
CEO
|
||||||||||
Target value
|
3,600,000
|
2,160,000
|
3,240,000
|
9,000,000
|
9,000,000
|
|||||
Maximum value
|
3,600,000
|
3,240,000
|
4,860,000
|
9,850,000
|
9,850,000
|
|||||
Presidents2, 3
|
||||||||||
Target value
|
3,000,000
|
1,760,000
|
2,640,000
|
7,400,000
|
7,400,000
|
|||||
Maximum value
|
3,000,000
|
2,640,000
|
3,960,000
|
9,600,000
|
9,600,000
|
|||||
Ordinary Board Member responsible for Corporate Bank and Investment Bank (CB & IB)3
|
||||||||||
Target value
|
2,800,000
|
1,680,000
|
2,520,000
|
7,000,000
|
6,500,000
|
|||||
Maximum value
|
2,800,000
|
2,520,000
|
3,780,000
|
9,100,000
|
8,550,000
|
|||||
All other Ordinary Board Members3
|
||||||||||
Target value
|
2,400,000
|
1,640,000
|
2,460,000
|
6,500,000
|
6,500,000
|
|||||
Maximum value
|
2,400,000
|
2,460,000
|
3,690,000
|
8,550,000
|
8,550,000
|
|||||
|
474
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
475
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Short-Term Award (40%)
|
||||||
Individual Objectives (50%)
|
Balanced Scorecard (25%)
|
Annual Priorities (25%)
|
||||
Target Amount1
|
820,000 - 1,080,000
|
410,000 - 540,000
|
410,000 - 540,000
|
|||
Target Achievement Level
|
0% - 150%
|
0% - 150%
|
0% - 150%
|
|||
Overall Target Amount per STA component
|
0 - 1,620,000
|
0 - 810,000
|
0 - 810,000
|
|||
Overall Target Amount STA
|
0 - 3,240,000
|
|||||
|
476
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Management Board Member
|
Weighting(in %)
|
Individual objectives
|
AchievementLevel(in %)
|
|||
Christian Sewing
|
25%
|
Further develop Deutsche Bank´s long-term vision & positioning
|
131.50%
|
|||
20%
|
Deliver on Deutsche Bank Group short-term strategy execution and milestones
|
|||||
15%
|
Further evolve Deutsche Bank culture
|
|||||
15%
|
Provide oversight to Human Resources transformation including Real Estate
|
|||||
15%
|
Further develop Bank-wide ESG & Sustainable Banking Strategy
|
|||||
10%
|
Strengthen positioning with key political stakeholders
|
|||||
James von Moltke
|
30%
|
Ensure execution of Group financial plan through Group Performance Management
|
126.75%
|
|||
15%
|
Drive development of new strategy
|
|||||
15%
|
Drive investor and Rating Agencies engagement
|
|||||
10%
|
Deliver Balance Sheet & Liquidity Optimization
|
|||||
10%
|
Deliver Liquidity Remediation Program
|
|||||
10%
|
Execute Group Finance strategy, incl. Financial & Analytics enhancement
|
|||||
10%
|
Support CEO in further evolution of DB culture, with a focus on integrity and conduct.
|
|||||
Karl von Rohr
|
30%
|
Deliver on strategy execution for the division Private Bank incl. efficiency, growth and sustainable profitability
|
131.75%
|
|||
10%
|
Support CEO in developing new strategy and achieving Group financial targets
|
|||||
15%
|
Ensure delivery on critical remediation activities within the area of financial crime
|
|||||
20%
|
Support DWS strategy through oversight role
|
|||||
15%
|
Provide oversight for Regions Germany & EMEA
|
|||||
10%
|
Support CEO in further evolution of DB culture, with a focus on integrity and conduct
|
|||||
Fabrizio Campelli
|
30%
|
Deliver on strategy execution and sustainable profitability for the divisions Corporate Bank and Investment Bank
|
130.00%
|
|||
20%
|
Improve controls and demonstrate their effectiveness to regulators for Corporate Bank and Investment Bank
|
|||||
20%
|
Drive development of new strategy for Corporate Bank and Investment Bank
|
|||||
10%
|
Drive stronger F2B alignment for Corporate Bank and Investment Bank
|
|||||
10%
|
Provide oversight to Region UK and Ireland
|
|||||
10%
|
Support CEO in further evolution of DB culture, with a focus on integrity and conduct
|
|||||
Bernd Leukert
|
35%
|
Execute strategy for the division Technology, Data & Innovation (TDI) and evolve TDI priorities in line with the 25 strategy
|
122.00%
|
|||
20%
|
Technology: Continue improvement of estate
|
|||||
20%
|
Data: Drive quality enhancements
|
|||||
15%
|
Innovation: Drive client-centric technology approach across DB
|
|||||
10%
|
Support CEO in further evolution of DB culture, with a focus on integrity and conduct
|
|||||
Alexander von zur Mühlen
|
40%
|
Execute and evolve APAC strategy in line with the 2025 strategy
|
123.50%
|
|||
30%
|
Strengthen APAC franchise and client focus
|
|||||
20%
|
Foster control culture and deliver on critical remediation activities within the area of financial crime for the APAC region
|
|||||
10%
|
Support CEO in further evolution of DB culture, with a focus on integrity and conduct
|
|||||
Christiana Riley
|
40%
|
US regulatory remediation and engagement including delivery on critical remediation activities within the area of financial crime for the Americas and 2022 Comprehensive Capital Analysis and Review (CCAR)
|
119.00%
|
|||
30%
|
Execute and evolve America's strategy in line with the 2025 strategy
|
|||||
20%
|
Strengthen client engagement
|
|||||
10%
|
Support CEO in further evolution of DB culture, with a focus on integrity and conduct
|
|||||
Rebecca Short
|
25%
|
Execute transformation agenda
|
120.00%
|
|||
20%
|
Drive CRU reductions
|
|||||
20%
|
Drive global cost reduction
|
|||||
15%
|
Drive Procurement excellence
|
|||||
10%
|
Support development of new strategy and financial aspiration
|
|||||
10%
|
Support CEO in further evolution of DB culture, with a focus on integrity and conduct
|
|||||
|
477
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Professor Dr. Stefan Simon
|
40%
|
Drive delivery on critical remediation activities within the area of financial crime
|
122.50%
|
|||
15%
|
Drive strategic engagement with regulatory authorities
|
|||||
15%
|
Further drive down bank-wide litigation portfolio
|
|||||
10%
|
Drive build out and operationalize CAO Controls Framework
|
|||||
10%
|
Drive overhaul of CAO policy setting and implementation
|
|||||
10%
|
Support CEO in further evolution of Deutsche Bank culture, with a focus on integrity and conduct
|
|||||
Olivier Vigneron
|
50%
|
Foster a strong risk-return culture and continue to strengthen the risk organization
|
105.00%
|
|||
(Member since
|
20%
|
Strengthen Non-Financial Risk Management
|
||||
May 20, 2022)
|
20%
|
Further address regulatory and internal audit findings
|
||||
10%
|
Support CEO in further evolution of DB culture, with a focus on integrity and conduct
|
|||||
Stuart Lewis
|
25%
|
Foster a strong risk-return culture throughout the organization
|
121.25%
|
|||
(Member until
|
20%
|
Handover to successor
|
||||
May 19, 2022)
|
20%
|
Further address regulatory and internal audit findings
|
||||
15%
|
Continue to develop and strengthen the risk organization
|
|||||
10%
|
Vendor Management remediation
|
|||||
10%
|
Support CEO in further evolution of DB culture, with a focus on integrity and conduct
|
|||||
|
478
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
479
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Management Board Member
|
Weightings
|
Balanced Scorecard
|
||
Christian Sewing
|
60%
|
Group / Chairman
|
||
40%
|
Human Resources / Corporate Real Estate
|
|||
James von Moltke
|
100%
|
Chief Financial Office
|
||
Karl von Rohr
|
40%
|
Private Bank
|
||
40%
|
Asset Management
|
|||
10%
|
Region Germany
|
|||
10%
|
Region Europe, the Middle East and Africa (EMEA)
|
|||
Fabrizio Campelli
|
35%
|
Corporate Bank
|
||
35%
|
Investment Bank
|
|||
20%
|
Corporate Bank & Investment Bank Operations and Control
|
|||
10%
|
Region UKI
|
|||
Bernd Leukert
|
100%
|
Technology, Digitalization & Innovation
|
||
Alexander von zur Mühlen
|
100%
|
Region APAC
|
||
Christiana Riley
|
100%
|
Region Americas
|
||
Rebecca Short
|
50%
|
Chief Transformation Office including Global Procurement
|
||
50%
|
Capital Release Unit
|
|||
Professor Dr. Stefan Simon
|
100%
|
Chief Administrative Office
|
||
Olivier Vigneron1
|
100%
|
Chief Risk Office
|
||
Stuart Lewis 2
|
||||
|
480
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
481
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Management Board member
|
Balanced Scorecard achievement level (in %)
|
||
Christian Sewing
|
129.00%
|
||
James von Moltke
|
128.00%
|
||
Karl von Rohr
|
117.00%
|
||
Fabrizio Campelli
|
125.00%
|
||
Bernd Leukert
|
116.00%
|
||
Alexander von zur Mühlen
|
116.00%
|
||
Christiana Riley
|
100.00%
|
||
Rebecca Short
|
140.00%
|
||
Professor Dr. Stefan Simon
|
118.00%
|
||
Olivier Vigneron1
|
115.00%
|
||
Stuart Lewis2
|
115.00%
|
||
|
483
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Management Board Member
|
Weighting(in %)
|
Annual Priorities
|
AchievementLevel(in %)
|
|||
Christian Sewing
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
145.00%
|
|||
50%
|
Key deliverables from the Balanced Scorecards
|
|||||
James von Moltke
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
137.50%
|
|||
50%
|
Key deliverables from the Balanced Scorecards
|
|||||
Karl von Rohr
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
137.50%
|
|||
50%
|
Key deliverables from the Balanced Scorecards
|
|||||
Fabrizio Campelli
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
140.00%
|
|||
50%
|
Key deliverables from the Balanced Scorecards
|
|||||
Bernd Leukert
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
130.00%
|
|||
50%
|
Key deliverables from the Balanced Scorecards
|
|||||
Alexander von zur Mühlen1
|
100%
|
Constructive flexible responses to events/developments occurring in 2022
|
122.50%
|
|||
Christiana Riley
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
125.00%
|
|||
50%
|
Key deliverables from the Balanced Scorecards
|
|||||
Rebecca Short
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
125.00%
|
|||
50%
|
Key deliverables from the Balanced Scorecards
|
|||||
Professor Dr. Stefan Simon
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
125.00%
|
|||
50%
|
Key deliverables from the Balanced Scorecards
|
|||||
Olivier Vigneron
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
120.00%
|
|||
(Member sinceMay 20, 2022)
|
50%
|
Key deliverables from the Balanced Scorecards
|
||||
Stuart Lewis
|
50%
|
Constructive flexible responses to events/developments occurring in 2022
|
122.50%
|
|||
(Member untilMay 19, 2022)
|
50%
|
Key deliverables from the Balanced Scorecards
|
||||
|
484
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
Individual Achievement Level (in %)
|
Overall STA Achievement
|
|||||||||||
IndividualObjectives (50%)
|
BalancedScorecard (25%)
|
AnnualPriorities (25%)
|
Achievement level(in %)
|
Achievement level incl. 5% reduction(in %)1
|
Achievement level(in €)
|
||||||||
Christian Sewing
|
131.50%
|
129.00%
|
145.00%
|
134.25%
|
127.54%
|
2,754,810
|
|||||||
James von Moltke
|
126.75%
|
128.00%
|
137.50%
|
129.75%
|
123.26%
|
2,120,115
|
|||||||
Karl von Rohr
|
131.75%
|
117.00%
|
137.50%
|
129.50%
|
123.03%
|
2,165,240
|
|||||||
Fabrizio Campelli
|
130.00%
|
125.00%
|
140.00%
|
131.25%
|
124.69%
|
2,053,188
|
|||||||
Bernd Leukert
|
122.00%
|
116.00%
|
130.00%
|
122.50%
|
116.38%
|
1,908,550
|
|||||||
Alexander von zur Mühlen
|
123.50%
|
116.00%
|
122.50%
|
121.38%
|
115.31%
|
1,891,023
|
|||||||
Christiana Riley
|
119.00%
|
100.00%
|
125.00%
|
115.75%
|
109.96%
|
1,803,385
|
|||||||
Rebecca Short
|
120.00%
|
140.00%
|
125.00%
|
126.25%
|
119.94%
|
1,966,975
|
|||||||
Professor Dr. Stefan Simon
|
122.50%
|
118.00%
|
125.00%
|
122.00%
|
115.90%
|
1,900,760
|
|||||||
Olivier Vigneron2
|
105.00%
|
115.00%
|
120.00%
|
111.25%
|
105.69%
|
1,064,039
|
|||||||
Stuart Lewis3
|
121.25%
|
115.00%
|
122.50%
|
120.00%
|
114.00%
|
798,000
|
|||||||
|
486
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
487
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Year
|
Weighted achievement levels over 3 years
|
|||||||||
2020
|
10%
|
x
|
37.50%
|
=
|
3.75%
|
|||||
2021
|
30%
|
x
|
89.38%
|
=
|
26.81%
|
|||||
2022
|
60%
|
x
|
64.38%
|
=
|
38.63%
|
|||||
|
488
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Year
|
Weighted achievement levels over 3 years
|
|||||||||
2020
|
10%
|
x
|
160.00%
|
=
|
16.00%
|
|||||
2021
|
30%
|
x
|
88.00%
|
=
|
26.40%
|
|||||
2022
|
60%
|
x
|
113.00%
|
=
|
67.80%
|
|||||
|
489
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
490
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Year
|
Weighted achievement levels over 3 years
|
|||||||||
2020
|
10%
|
x
|
0%
|
=
|
0%
|
|||||
2021
|
30%
|
x
|
26.00%
|
=
|
7.80%
|
|||||
2022
|
60%
|
x
|
93.00%
|
=
|
55.80%
|
|||||
Group Component
|
Target
|
Actuals
|
Achievementlevel
|
|||||
Common Equity Tier 1 capital ratio (in %)
|
The bank’s Common Equity Tier 1 capital, as a percentage of the risk weighted assets for credit, market and operational risk.
|
>= 13.00%
|
13.4%
|
80.00%
|
||||
Return on tangible equity (in %)
|
Net income (or loss) attributable to shareholders as a percentage of average tangible shareholders’ equity. The latter is determined by deducting goodwill and other intangible assets from shareholders’ equity
|
8%
|
9.4%
|
|||||
Cost/Income Ratio (CIR) (in %)
|
Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income.
|
70%
|
75%
|
|||||
Sustainable Finance Volume1 (in € bn)
|
Volume of new financing, capital markets issuance andinvestments facilitated across Corporate Bank, Investment Bank and Private Bank in 2022, as defined under the ‘Sustainable Finance Framework – Deutsche Bank Group’
|
80.00
|
74.20
|
|||||
Year
|
Weighted achievement levels over 3 years
|
|||||||||
2020
|
10%
|
x
|
72.50%
|
=
|
7.25%
|
|||||
2021
|
30%
|
x
|
77.50%
|
=
|
23.25%
|
|||||
2022
|
60%
|
x
|
80.00%
|
=
|
48.00%
|
|||||
|
491
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
Achievement Levels (%)
|
Overall LTA Achievement
|
||||||||||
ESG-Factor(33.33%)
|
RTSR(25%)
|
OrganicCapital Growth(25%)
|
Groupcomponent(16.67%)
|
Achievementlevel(in %)
|
Achievementlevel(in €)
|
|||||||
Christian Sewing
|
69.19%
|
110.20%
|
63.60%
|
78.50%
|
79.60%
|
2,578,932
|
||||||
James von Moltke
|
2,053,594
|
|||||||||||
Karl von Rohr
|
2,101,352
|
|||||||||||
Fabrizio Campelli
|
1,966,038
|
|||||||||||
Bernd Leukert
|
1,958,078
|
|||||||||||
Alexander von zur Mühlen
|
1,958,078
|
|||||||||||
Christiana Riley
|
1,958,078
|
|||||||||||
Rebecca Short
|
1,958,078
|
|||||||||||
Professor Dr. Stefan Simon
|
1,958,078
|
|||||||||||
Olivier Vigneron1
|
64.38%
|
113.00%
|
93.00%
|
80.00%
|
86.29%
|
1,303,173
|
||||||
Stuart Lewis2
|
69.19%
|
110.20%
|
63.60%
|
78.50%
|
79.60%
|
835,765
|
||||||
|
492
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
493
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
494
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Members of the Management Board
|
Balance as ofFeb 11, 2022
|
Granted
|
Delivered
|
Forfeited
|
Balance as ofFeb 10, 2023
|
|||||
Christian Sewing
|
693,230
|
202,143
|
–
|
–
|
895,373
|
|||||
James von Moltke
|
564,465
|
153,123
|
–
|
–
|
717,588
|
|||||
Karl von Rohr
|
519,839
|
160,670
|
–
|
–
|
680,509
|
|||||
Fabrizio Campelli
|
338,899
|
149,265
|
32,994
|
–
|
455,170
|
|||||
Bernd Leukert
|
151,300
|
147,039
|
3,037
|
–
|
295,302
|
|||||
Alexander von zur Mühlen
|
278,282
|
145,900
|
46,275
|
–
|
377,906
|
|||||
Christiana Riley
|
248,345
|
147,0921
|
102,8102
|
–
|
292,6273
|
|||||
Rebecca Short
|
92,754
|
106,0284
|
26,517
|
–
|
172,265
|
|||||
Professor Dr. Stefan Simon
|
149,373
|
145,979
|
29,574
|
–
|
265,778
|
|||||
Olivier Vigneron5
|
–
|
–
|
–
|
–
|
130,539
|
|||||
|
495
|
Deutsche Bank
|
||
Annual Report 2022
|
||
as of February 10, 2023
|
||||||||||||||||
Members of the Management Board
|
Number of Deutsche Bank shares(in Units)as ofFeb 11, 2022
|
Number of Deutsche Bank shares(in Units)
|
Restricted Equity Award(s)/ Outstanding Equity Units(deferred with additionalretention period)(in Units)
|
thereof 75% of Restricted Equity Award(s)/ Outstanding Equity Units chargeable to share obligation(deferred with additionalretention period)(in Units)
|
Total value of Deutsche Bank shares and Restricted Equity Award(s)/ Outstanding Equity Units chargeable to share obligation(in Units)
|
Share retention obligation must be fulfilledYes / No
|
Level of required shareholding obligation(in Units)1
|
Fulfillment ratio(in %)
|
||||||||
Christian Sewing
|
192,000
|
222,171
|
895,373
|
671,530
|
893,701
|
No
|
635,257
|
141%
|
||||||||
James von Moltke
|
74,753
|
74,753
|
717,588
|
538,191
|
612,944
|
Yes
|
264,690
|
232%
|
||||||||
Karl von Rohr
|
30,058
|
30,058
|
680,509
|
510,382
|
540,440
|
Yes
|
264,690
|
204%
|
||||||||
Fabrizio Campelli
|
132,010
|
149,473
|
455,170
|
341,377
|
490,850
|
No
|
247,044
|
199%
|
||||||||
Bernd Leukert
|
7,882
|
9,477
|
295,302
|
221,477
|
230,954
|
Yes
|
211,752
|
109%
|
||||||||
Alexander von zur Mühlen
|
320,829
|
359,655
|
377,906
|
283,430
|
643,085
|
No
|
211,752
|
304%
|
||||||||
Christiana Riley
|
82,504
|
100,620
|
292,627
|
219,470
|
320,090
|
Yes
|
211,752
|
151%
|
||||||||
Rebecca Short
|
36,451
|
51,299
|
172,265
|
129,199
|
180,498
|
No
|
211,752
|
85%
|
||||||||
Prof. Dr. Stefan Simon
|
0
|
0
|
265,778
|
199,334
|
199,334
|
No
|
211,752
|
94%
|
||||||||
Olivier Vigneron2
|
–
|
0
|
130,539
|
97,904
|
97,904
|
No
|
211,752
|
46%
|
||||||||
Total
|
876,487
|
997,506
|
4,283,058
|
3,212,294
|
4,209,800
|
|||||||||||
|
496
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Members of theManagement Board
|
Annual contribution,in the year
|
Interest credit,in the year
|
Account balance,end of year
|
Service cost (IFRS),in the year
|
Present value of thedefined benefitobligation (IFRS),end of year
|
|||||||||||||||
in €
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
2022
|
2021
|
||||||||||
Christian Sewing
|
760,500
|
773,500
|
0
|
0
|
7,276,500
|
6,516,000
|
529,109
|
701,494
|
5,422,875
|
6,263,328
|
||||||||||
James von Moltke
|
845,000
|
871,000
|
0
|
0
|
5,034,250
|
4,189,250
|
638,068
|
820,820
|
3,945,284
|
4,095,605
|
||||||||||
Karl von Rohr
|
728,000
|
754,000
|
0
|
0
|
5,449,001
|
4,721,001
|
652,035
|
772,131
|
4,864,821
|
4,866,754
|
||||||||||
Fabrizio Campelli
|
946,836
|
1,007,500
|
0
|
0
|
3,181,754
|
2,234,918
|
605,376
|
906,767
|
2,148,218
|
2,091,609
|
||||||||||
Bernd Leukert
|
786,500
|
812,500
|
0
|
0
|
2,734,334
|
1,947,834
|
637,939
|
785,526
|
2,317,651
|
1,957,432
|
||||||||||
Alexander von zur Mühlen1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Christiana Riley1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||
Rebecca Short
|
819,000
|
554,668
|
0
|
0
|
1,373,668
|
554,668
|
475,091
|
476,303
|
826,548
|
496,829
|
||||||||||
Prof. Dr. Stefan Simon
|
845,000
|
871,000
|
0
|
0
|
3,009,501
|
2,164,501
|
629,482
|
824,015
|
2,311,957
|
2,128,664
|
||||||||||
Olivier Vigneron2
|
644,584
|
0
|
0
|
0
|
644,584
|
0
|
423,955
|
0
|
446,932
|
0
|
||||||||||
Stuart Lewis3
|
303,335
|
754,000
|
0
|
0
|
6,715,273
|
6,411,938
|
258,440
|
756,618
|
6,115,579
|
6,919,079
|
||||||||||
|
497
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
2021
|
|||||||||||||
in €
|
Basesalary1
|
Short Term Award
|
Long Term Award
|
Totalcompensation
|
Target Total compensation
|
Ratioto Target
|
Totalcompensation
|
|||||||
Christian Sewing
|
3,600,000
|
2,754,810
|
2,578,932
|
8,933,742
|
9,000,000
|
99%
|
8,812,448
|
|||||||
James von Moltke
|
2,900,000
|
2,120,115
|
2,053,594
|
7,073,709
|
7,200,000
|
98%
|
6,748,426
|
|||||||
Karl von Rohr
|
3,000,000
|
2,165,240
|
2,101,352
|
7,266,592
|
7,400,000
|
98%
|
7,143,047
|
|||||||
Fabrizio Campelli
|
2,466,667
|
2,053,188
|
1,966,038
|
6,485,893
|
6,583,334
|
99%
|
6,248,949
|
|||||||
Bernd Leukert
|
2,400,000
|
1,908,550
|
1,958,078
|
6,266,628
|
6,500,000
|
96%
|
6,191,549
|
|||||||
Alexander von zur Mühlen
|
2,400,000
|
1,891,023
|
1,958,078
|
6,249,101
|
6,500,000
|
96%
|
6,162,166
|
|||||||
Christiana Riley
|
2,400,000
|
1,803,385
|
1,958,078
|
6,161,463
|
6,500,000
|
95%
|
6,192,916
|
|||||||
Rebecca Short
|
2,400,000
|
1,966,975
|
1,958,078
|
6,325,053
|
6,500,000
|
97%
|
4,127,244
|
|||||||
Professor Dr. Stefan Simon
|
2,400,000
|
1,900,760
|
1,958,078
|
6,258,838
|
6,500,000
|
96%
|
6,164,216
|
|||||||
Olivier Vigneron2
|
1,473,333
|
1,064,039
|
1,303,173
|
3,840,545
|
3,990,278
|
96%
|
–
|
|||||||
Stuart Lewis3
|
1,166,667
|
798,000
|
835,765
|
2,800,432
|
2,916,667
|
96%
|
6,728,126
|
|||||||
Total
|
26,606,667
|
20,426,085
|
20,629,244
|
67,661,996
|
69,590,279
|
97%
|
64,519,087
|
|||||||
|
498
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Members of the Management Board
|
Restricted Equity Award(s)(deferred with additionalretention period)(in Units)1
|
|
Christian Sewing
|
226,006
|
|
James von Moltke
|
176,852
|
|
Karl von Rohr
|
180,788
|
|
Fabrizio Campelli
|
170,306
|
|
Bernd Leukert
|
165,939
|
|
Alexander von zur Mühlen
|
165,939
|
|
Christiana Riley
|
165,939
|
|
Rebecca Short
|
166,316
|
|
Prof. Dr. Stefan Simon
|
165,939
|
|
Olivier Vigneron2
|
110,438
|
|
Stuart Lewis3
|
70,828
|
|
Total
|
1,765,289
|
|
Christian Sewing
|
James von Moltke
|
|||||||||||||||
2022
|
2021
|
2022
|
2021
|
|||||||||||||
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
|||||||||
Fixed compensation components:
|
||||||||||||||||
Base salary
|
3,600
|
82%
|
3,600
|
93%
|
2,9002
|
77%
|
2,800
|
70%
|
||||||||
Pension allowance
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
Fringe benefits
|
216
|
5%
|
(8.0)1
|
0%
|
84
|
2%
|
52
|
1%
|
||||||||
Total fixed compensation
|
3,816
|
87%
|
3,592
|
93%
|
2,984
|
79%
|
2,852
|
71%
|
||||||||
Variable compensation components:
|
||||||||||||||||
Deferred variable compensation
|
||||||||||||||||
thereof Restricted Incentive Awards:
|
||||||||||||||||
2017 Restricted Incentive Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
140
|
3%
|
||||||||
2017 Restricted Incentive Award: Sign On
|
0
|
0%
|
0
|
0%
|
67
|
2%
|
67
|
2%
|
||||||||
2019 Restricted Incentive Award for 2018
|
232
|
5%
|
232
|
6%
|
169
|
4%
|
169
|
4%
|
||||||||
2020 Restricted Incentive Award for 2019
|
43
|
1%
|
43
|
1%
|
43
|
1%
|
43
|
1%
|
||||||||
2021 Restricted Incentive Award for 2020
|
304
|
7%
|
0
|
0%
|
213
|
6%
|
0
|
0%
|
||||||||
thereof Equity Awards:
|
||||||||||||||||
2017 Restricted Equity Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
124
|
3%
|
||||||||
2015 DB Equity Plan for 2014
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
Fringe benefits
|
0
|
0%
|
0
|
0%
|
3083
|
8%
|
6163
|
15%
|
||||||||
Total variable compensation
|
579
|
13%
|
275
|
7%
|
799
|
21%
|
1,157
|
29%
|
||||||||
Total compensation
|
4,394
|
100%
|
3,867
|
100%
|
3,783
|
100%
|
4,009
|
100%
|
||||||||
|
499
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Karl von Rohr
|
Fabrizio Campelli
|
|||||||||||||||
2022
|
2021
|
2022
|
2021
|
|||||||||||||
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
|||||||||
Fixed compensation components:
|
||||||||||||||||
Base salary
|
3,000
|
87%
|
3,000
|
93%
|
2,4671
|
90%
|
2,400
|
99%
|
||||||||
Pension allowance
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
Fringe benefits
|
8
|
0%
|
24
|
1%
|
57
|
2%
|
12
|
0%
|
||||||||
Total fixed compensation
|
3,008
|
87%
|
3,024
|
93%
|
2,524
|
92%
|
2,412
|
100%
|
||||||||
Variable compensation components:
|
||||||||||||||||
Deferred variable compensation
|
||||||||||||||||
thereof Restricted Incentive Awards:
|
||||||||||||||||
2017 Restricted Incentive Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2017 Restricted Incentive Award: Sign On
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2019 Restricted Incentive Award for 2018
|
169
|
5%
|
169
|
5%
|
0
|
0%
|
0
|
0%
|
||||||||
2020 Restricted Incentive Award for 2019
|
43
|
1%
|
43
|
1%
|
7
|
0%
|
7
|
0%
|
||||||||
2021 Restricted Incentive Award for 2020
|
224
|
5%
|
0
|
0%
|
213
|
6%
|
0
|
0%
|
||||||||
thereof Equity Awards:
|
||||||||||||||||
2017 Restricted Equity Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2015 DB Equity Plan for 2014
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
Fringe benefits
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
Total variable compensation
|
435
|
13%
|
211
|
7%
|
220
|
8%
|
7
|
0%
|
||||||||
Total compensation
|
3,444
|
100%
|
3,235
|
100%
|
2,744
|
100%
|
2,420
|
100%
|
||||||||
Bernd Leukert
|
Alexander von zur Mühlen
|
|||||||||||||||
2022
|
2021
|
2022
|
2021
|
|||||||||||||
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
|||||||||
Fixed compensation components:
|
||||||||||||||||
Base salary
|
2,3971
|
92%
|
2,3941
|
99%
|
2,5672
|
75%
|
2,3452
|
74%
|
||||||||
Pension allowance
|
0
|
0%
|
0
|
0%
|
650
|
19%
|
650
|
21%
|
||||||||
Fringe benefits
|
8
|
0%
|
25
|
1%
|
121
|
4%
|
64
|
2%
|
||||||||
Total fixed compensation
|
2,404
|
93%
|
2,419
|
100%
|
3,338
|
98%
|
3,059
|
97%
|
||||||||
Variable compensation components:
|
||||||||||||||||
Deferred variable compensation
|
||||||||||||||||
thereof Restricted Incentive Awards:
|
||||||||||||||||
2017 Restricted Incentive Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2017 Restricted Incentive Award: Sign On
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2019 Restricted Incentive Award for 2018
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2020 Restricted Incentive Award for 2019
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2021 Restricted Incentive Award for 2020
|
188
|
4%
|
0
|
0%
|
74
|
2%
|
0
|
0%
|
||||||||
thereof Equity Awards:
|
||||||||||||||||
2017 Restricted Equity Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2015 DB Equity Plan for 2014
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
Fringe benefits
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
98
|
3%
|
||||||||
Total variable compensation
|
188
|
7%
|
0
|
0%
|
74
|
2%
|
98
|
3%
|
||||||||
Total compensation
|
2,593
|
100%
|
2,419
|
100%
|
3,412
|
100%
|
3,157
|
100%
|
||||||||
|
500
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Christiana Riley
|
Rebecca Short
|
|||||||||||||||
2022
|
2021
|
2022
|
2021
|
|||||||||||||
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
|||||||||
Fixed compensation components:
|
||||||||||||||||
Base salary
|
2,6121
|
72%
|
2,3281
|
76%
|
2,400
|
99%
|
1,600
|
100%
|
||||||||
Pension allowance
|
650
|
18%
|
650
|
21%
|
0
|
0%
|
-
|
0%
|
||||||||
Fringe benefits
|
204
|
6%
|
85
|
3%
|
36
|
1%
|
6
|
0%
|
||||||||
Total fixed compensation
|
3,466
|
95%
|
3,063
|
99%
|
2,436
|
100%
|
1,606
|
100%
|
||||||||
Variable compensation components:
|
||||||||||||||||
Deferred variable compensation
|
||||||||||||||||
thereof Restricted Incentive Awards:
|
||||||||||||||||
2017 Restricted Incentive Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2017 Restricted Incentive Award: Sign On
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2019 Restricted Incentive Award for 2018
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2020 Restricted Incentive Award for 2019
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2021 Restricted Incentive Award for 2020
|
186
|
4%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
thereof Equity Awards:
|
||||||||||||||||
2017 Restricted Equity Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
2015 DB Equity Plan for 2014
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
||||||||
Fringe benefits
|
1
|
0%
|
17
|
1%
|
0
|
0%
|
0
|
0%
|
||||||||
Total variable compensation
|
187
|
5%
|
17
|
1%
|
0
|
0%
|
0
|
0%
|
||||||||
Total compensation
|
3,653
|
100%
|
3,079
|
100%
|
2,436
|
100%
|
1,606
|
100%
|
||||||||
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Professor Dr. Stefan Simon
|
Olivier Vigneron (Member since May 20, 2022)
|
|||||||||||||||
2022
|
2021
|
2022
|
2021
|
|||||||||||||
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
|||||||||
Fixed compensation components:
|
||||||||||||||||
Base salary
|
2,400
|
96%
|
2,400
|
98%
|
1,473
|
98%
|
–
|
–
|
||||||||
Pension allowance
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
Fringe benefits
|
10
|
0%
|
46
|
2%
|
35
|
2%
|
–
|
–
|
||||||||
Total fixed compensation
|
2,410
|
97%
|
2,446
|
100%
|
1,508
|
100%
|
–
|
–
|
||||||||
Variable compensation components:
|
||||||||||||||||
Deferred variable compensation
|
||||||||||||||||
thereof Restricted Incentive Awards:
|
||||||||||||||||
2017 Restricted Incentive Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
2017 Restricted Incentive Award: Sign On
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
2019 Restricted Incentive Award for 2018
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
2020 Restricted Incentive Award for 2019
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
2021 Restricted Incentive Award for 2020
|
78
|
2%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
thereof Equity Awards:
|
||||||||||||||||
2017 Restricted Equity Award: Buyout
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
2015 DB Equity Plan for 2014
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
Fringe benefits
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
Total variable compensation
|
78
|
3%
|
0
|
0%
|
0
|
0%
|
–
|
–
|
||||||||
Total compensation
|
2,488
|
100%
|
2,446
|
100%
|
1,508
|
100%
|
–
|
–
|
||||||||
|
501
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Stuart Lewis (Member until May 19, 2022)
|
||||||||
2022
|
2021
|
|||||||
in € t.
|
in %
|
in € t.
|
in %
|
|||||
Fixed compensation components:
|
||||||||
Base salary
|
1,167
|
44%
|
2,800
|
91%
|
||||
Non-compete payment
|
1,062
|
40%
|
0
|
0%
|
||||
Pension allowance
|
0
|
0%
|
0
|
0%
|
||||
Fringe benefits
|
32
|
1%
|
80
|
3%
|
||||
Total fixed compensation
|
2,260
|
85%
|
2,880
|
94%
|
||||
Variable compensation components:
|
||||||||
Deferred variable compensation
|
||||||||
thereof Restricted Incentive Awards:
|
||||||||
2017 Restricted Incentive Award: Buyout
|
0
|
0%
|
0
|
0%
|
||||
2017 Restricted Incentive Award: Sign On
|
0
|
0%
|
0
|
0%
|
||||
2019 Restricted Incentive Award for 2018
|
156
|
6%
|
156
|
5%
|
||||
2020 Restricted Incentive Award for 2019
|
43
|
2%
|
43
|
1%
|
||||
2021 Restricted Incentive Award for 2020
|
188
|
4%
|
0
|
0%
|
||||
thereof Equity Awards:
|
||||||||
2017 Restricted Equity Award: Buyout
|
0
|
0%
|
0
|
0%
|
||||
2015 DB Equity Plan for 2014
|
0
|
0%
|
0
|
0%
|
||||
Fringe benefits
|
0
|
0%
|
0
|
0%
|
||||
Total variable compensation
|
387
|
15%
|
199
|
6%
|
||||
Total compensation
|
2,648
|
100%
|
3,079
|
100%
|
||||
|
Frank KuhnkeMember until April 30, 2021
|
Werner SteinmüllerMember until July 31, 2020
|
Sylvie MatheratMember until July 31, 2019
|
Garth RitchieMember until July 31, 2019
|
|||||||||||||
2022
|
2022
|
2022
|
2022
|
||||||||||||||
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
||||||||||
Non-Compete payment
|
520
|
32%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
|||||||||
Deferred variable compensation
|
|||||||||||||||||
Restricted Incentive Awards
|
212
|
13%
|
283
|
100%
|
132
|
99%
|
268
|
100%
|
|||||||||
Equity Awards
|
894
|
55%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
|||||||||
Fringe benefits
|
0
|
0%
|
0
|
0%
|
2
|
1%
|
0
|
0%
|
|||||||||
Pension benefits
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
|||||||||
Total compensation
|
1,626
|
100%
|
283
|
100%
|
134
|
100%
|
268
|
100%
|
|||||||||
|
502
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Nicolas MoreauMember until Dec 31, 2018
|
||||||||
2022
|
||||||||
DB AG
|
DWS Management GmbH
|
Overall
|
||||||
in € t.
|
in € t.
|
in € t.
|
in %
|
|||||
Deferred variable compensation
|
||||||||
Restricted Incentive Awards
|
79
|
90
|
169
|
53%
|
||||
Equity Awards1
|
0
|
126
|
126
|
40%
|
||||
Fringe benefits
|
21
|
0
|
21
|
7%
|
||||
Pension benefits
|
0
|
0
|
0
|
0%
|
||||
Total compensation
|
101
|
216
|
317
|
100%
|
||||
Frank StraußMember until July 31, 2019
|
Kimberly Hammonds1Member until May 24, 2018
|
Dr. Marcus SchenckMember until May 24, 2018
|
John CryanMember until April 8, 2018
|
||||||||||||||
2022
|
2022
|
2022
|
2022
|
||||||||||||||
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
in € t.
|
in %
|
||||||||||
Deferred variable compensation
|
|||||||||||||||||
Restricted Incentive Awards
|
326
|
100%
|
52
|
73%
|
65
|
100%
|
47
|
100%
|
|||||||||
Equity Awards
|
0
|
0%
|
20
|
28%
|
0
|
0%
|
0
|
0%
|
|||||||||
Fringe benefits
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
|||||||||
Pension benefits
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
0
|
0%
|
|||||||||
Total compensation
|
326
|
100%
|
71
|
100%
|
65
|
100%
|
47
|
100%
|
|||||||||
|
Hermann-Josef LambertiMember until May 31, 2012
|
Josef AckermannMember until May 31, 2012
|
|||||||
2022
|
2022
|
||||||||
in € t.
|
in %
|
in € t.
|
in %
|
||||||
Deferred variable compensation
|
|||||||||
Restricted Incentive Awards
|
0
|
0%
|
0
|
0%
|
|||||
Equity Awards
|
0
|
0%
|
0
|
0%
|
|||||
Fringe benefits
|
0
|
0%
|
0
|
0%
|
|||||
Pension benefits
|
1,492
|
100%
|
959
|
100%
|
|||||
Total compensation
|
1,492
|
100%
|
959
|
100%
|
|||||
|
503
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
504
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
505
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Dec 31, 2022
|
||||
Committeein €
|
Chair
|
Member
|
||
Audit Committee
|
200,000
|
100,000
|
||
Risk Committee
|
200,000
|
100,000
|
||
Nomination Committee
|
100,000
|
50,000
|
||
Mediation Committee
|
0
|
0
|
||
Regulatory Oversight Committee1
|
200,000
|
100,000
|
||
Chairman’s Committee
|
100,000
|
50,000
|
||
Compensation Control Committee
|
100,000
|
50,000
|
||
Strategy and Sustainability Committee1
|
100,000
|
50,000
|
||
Technology, Data and Innovation Committee
|
200,000
|
100,000
|
||
|
506
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Compensation for fiscal year 2022
|
||||||||||||||
Members of the Supervisory Board
|
Base salary
|
Compensation for Committees1
|
Total Compensation
|
Thereof payable in 1st quarter 2023
|
||||||||||
in €
|
in %
|
in €
|
in %
|
in €
|
in €
|
in %
|
||||||||
Alexander Wynaendts2
|
116,667
|
24%
|
379,167
|
76%
|
495,833
|
371,875
|
75%
|
|||||||
Dr. Paul Achleitner3
|
83,333
|
22%
|
291,667
|
78%
|
375,000
|
375,000
|
100%
|
|||||||
Detlef Polaschek
|
150,000
|
33%
|
300,000
|
67%
|
450,000
|
337,500
|
75%
|
|||||||
Ludwig Blomeyer-Bartenstein
|
100,000
|
33%
|
200,000
|
67%
|
300,000
|
225,000
|
75%
|
|||||||
Mayree Clark
|
100,000
|
23%
|
329,167
|
77%
|
429,167
|
321,875
|
75%
|
|||||||
Jan Duscheck
|
100,000
|
33%
|
200,000
|
67%
|
300,000
|
225,000
|
75%
|
|||||||
Manja Eifert4
|
75,000
|
64%
|
41,667
|
36%
|
116,667
|
87,500
|
75%
|
|||||||
Dr. Gerhard Eschelbeck3
|
41,667
|
40%
|
62,500
|
60%
|
104,167
|
104,167
|
100%
|
|||||||
Sigmar Gabriel
|
100,000
|
50%
|
100,000
|
50%
|
200,000
|
150,000
|
75%
|
|||||||
Timo Heider
|
100,000
|
32%
|
208,333
|
68%
|
308,333
|
231,250
|
75%
|
|||||||
Martina Klee
|
100,000
|
50%
|
100,000
|
50%
|
200,000
|
150,000
|
75%
|
|||||||
Henriette Mark5
|
25,000
|
40%
|
37,500
|
60%
|
62,500
|
62,500
|
100%
|
|||||||
Gabriele Platscher
|
100,000
|
33%
|
200,000
|
67%
|
300,000
|
225,000
|
75%
|
|||||||
Bernd Rose
|
100,000
|
29%
|
250,000
|
71%
|
350,000
|
262,500
|
75%
|
|||||||
Yngve Slyngstad2
|
58,333
|
58%
|
41,667
|
42%
|
100,000
|
75,000
|
75%
|
|||||||
John Alexander Thain
|
100,000
|
50%
|
100,000
|
50%
|
200,000
|
150,000
|
75%
|
|||||||
Michele Trogni
|
100,000
|
22%
|
350,000
|
78%
|
450,000
|
337,500
|
75%
|
|||||||
Dr. Dagmar Valcárcel
|
100,000
|
22%
|
350,000
|
78%
|
450,000
|
337,500
|
75%
|
|||||||
Stefan Viertel
|
100,000
|
31%
|
220,833
|
69%
|
320,833
|
240,625
|
75%
|
|||||||
Dr. Theodor Weimer
|
100,000
|
50%
|
100,000
|
50%
|
200,000
|
150,000
|
75%
|
|||||||
Frank Werneke
|
100,000
|
33%
|
200,000
|
67%
|
300,000
|
225,000
|
75%
|
|||||||
Prof. Dr. Norbert Winkeljohann
|
120,833
|
23%
|
400,000
|
77%
|
520,833
|
390,625
|
75%
|
|||||||
Frank Witter
|
100,000
|
33%
|
200,000
|
67%
|
300,000
|
225,000
|
75%
|
|||||||
Total
|
2,170,833
|
32%
|
4,662,500
|
68%
|
6,833,333
|
5,260,417
|
77%
|
|||||||
|
507
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Compensation for fiscal year 2021
|
||||||||||||||
Members of the Supervisory Board
|
Base salary
|
Compensation for Committees1
|
Total Compensation
|
Thereof paid in 1st quarter 2022
|
||||||||||
in €
|
in %
|
in €
|
in %
|
in €
|
in €
|
in %
|
||||||||
Dr. Paul Achleitner
|
200,000
|
23%
|
670,833
|
77%
|
870,833
|
653,125
|
75%
|
|||||||
Detlef Polaschek
|
150,000
|
33%
|
300,000
|
67%
|
450,000
|
337,500
|
75%
|
|||||||
Ludwig Blomeyer-Bartenstein
|
100,000
|
33%
|
200,000
|
67%
|
300,000
|
225,000
|
75%
|
|||||||
Frank Bsirske2
|
83,333
|
33%
|
166,667
|
67%
|
250,000
|
250,000
|
100%
|
|||||||
Mayree Clark
|
100,000
|
22%
|
350,000
|
78%
|
450,000
|
337,500
|
75%
|
|||||||
Jan Duscheck
|
100,000
|
37%
|
170,833
|
63%
|
270,833
|
203,125
|
75%
|
|||||||
Dr. Gerhard Eschelbeck
|
100,000
|
46%
|
116,667
|
54%
|
216,667
|
162,500
|
75%
|
|||||||
Sigmar Gabriel
|
100,000
|
50%
|
100,000
|
50%
|
200,000
|
150,000
|
75%
|
|||||||
Timo Heider
|
100,000
|
34%
|
191,667
|
66%
|
291,667
|
218,750
|
75%
|
|||||||
Martina Klee
|
100,000
|
59%
|
70,833
|
41%
|
170,833
|
128,125
|
75%
|
|||||||
Henriette Mark
|
100,000
|
40%
|
150,000
|
60%
|
250,000
|
187,500
|
75%
|
|||||||
Gabriele Platscher
|
100,000
|
33%
|
200,000
|
67%
|
300,000
|
225,000
|
75%
|
|||||||
Bernd Rose
|
100,000
|
31%
|
220,833
|
69%
|
320,833
|
240,625
|
75%
|
|||||||
Gerd Alexander Schütz3
|
41,667
|
83%
|
8,333
|
17%
|
50,000
|
50,000
|
100%
|
|||||||
John Alexander Thain
|
100,000
|
50%
|
100,000
|
50%
|
200,000
|
150,000
|
75%
|
|||||||
Michele Trogni
|
100,000
|
26%
|
291,667
|
74%
|
391,667
|
293,750
|
75%
|
|||||||
Dr. Dagmar Valcárcel
|
100,000
|
22%
|
350,000
|
78%
|
450,000
|
337,500
|
75%
|
|||||||
Stefan Viertel
|
100,000
|
41%
|
141,667
|
59%
|
241,667
|
181,250
|
75%
|
|||||||
Dr. Theodor Weimer
|
100,000
|
50%
|
100,000
|
50%
|
200,000
|
150,000
|
75%
|
|||||||
Frank Werneke4
|
8,333
|
100%
|
0
|
0%
|
8,333
|
6,250
|
75%
|
|||||||
Prof. Dr. Norbert Winkeljohann
|
100,000
|
20%
|
395,833
|
80%
|
495,833
|
371,875
|
75%
|
|||||||
Frank Witter5
|
58,333
|
41%
|
83,333
|
59%
|
141,667
|
106,250
|
75%
|
|||||||
Total
|
2,141,666
|
33%
|
4,379,166
|
67%
|
6,520,833
|
4,965,625
|
76%
|
|||||||
|
508
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Number of notional shares
|
||||||||||||
Members of the Supervisory Board
|
Converted inFebruary 2023as part of thecompensation2022
|
Change compared to previous year in %
|
Total number accruedduring the currentterm of office
|
Total (cumulative)
|
Change compared to previous year in %
|
In February 2023payablein €¹
|
||||||
Alexander Wynaendts2
|
10,287.340
|
N/A
|
0
|
10,287.340
|
N/A
|
0
|
||||||
Dr. Paul Achleitner3
|
0
|
N/A
|
104,444.785
|
104,444.785
|
0%
|
1,258,518
|
||||||
Detlef Polaschek
|
9,336.410
|
-4%
|
44,909.808
|
54,246.218
|
21%
|
0
|
||||||
Ludwig Blomeyer-Bartenstein
|
6,224.273
|
-4%
|
29,939.872
|
36,164.145
|
21%
|
0
|
||||||
Mayree Clark
|
8,904.168
|
-8%
|
39,849.378
|
48,753.546
|
22%
|
0
|
||||||
Jan Duscheck
|
6,224.273
|
7%
|
25,398.115
|
31,622.388
|
25%
|
0
|
||||||
Manja Eifert4
|
2,420.551
|
N/A
|
0
|
2,420.551
|
N/A
|
0
|
||||||
Dr. Gerhard Eschelbeck3
|
0
|
N/A
|
18,653.863
|
18,653.863
|
0%
|
224,772
|
||||||
Sigmar Gabriel
|
4,149.515
|
-4%
|
8,974.025
|
13,123.540
|
46%
|
0
|
||||||
Timo Heider
|
6,397.169
|
2%
|
25,846.336
|
32,243.505
|
25%
|
0
|
||||||
Martina Klee
|
4,149.515
|
13%
|
15,418.158
|
19,567.673
|
27%
|
0
|
||||||
Henriette Mark5
|
0
|
N/A
|
24,949.893
|
24,949.893
|
0%
|
300,636
|
||||||
Gabriele Platscher
|
6,224.273
|
-4%
|
29,939.872
|
36,164.145
|
21%
|
0
|
||||||
Bernd Rose
|
7,261.652
|
5%
|
27,174.511
|
34,436.163
|
27%
|
0
|
||||||
Yngve Slyngstad2
|
2,074.758
|
N/A
|
0
|
2,074.758
|
N/A
|
0
|
||||||
John Alexander Thain
|
4,149.515
|
-4%
|
19,959.915
|
24,109.430
|
21%
|
0
|
||||||
Michele Trogni
|
9,336.410
|
11%
|
33,979.446
|
43,315.856
|
27%
|
0
|
||||||
Dr. Dagmar Valcárcel
|
9,336.410
|
-4%
|
26,921.443
|
36,257.853
|
35%
|
0
|
||||||
Stefan Viertel
|
6,656.514
|
28%
|
5,199.369
|
11,855.883
|
128%
|
0
|
||||||
Dr. Theodor Weimer
|
4,149.515
|
-4%
|
7,339.140
|
11,488.655
|
57%
|
0
|
||||||
Frank Werneke
|
6,224.273
|
N/M
|
179.289
|
6,403.562
|
N/M
|
0
|
||||||
Prof. Dr. Norbert Winkeljohann
|
10,806.030
|
1%
|
38,562.948
|
49,368.978
|
28%
|
0
|
||||||
Frank Witter
|
6,224.273
|
104%
|
3,047.906
|
9,272.179
|
204%
|
0
|
||||||
Total
|
130,536.837
|
9%
|
530,688.072
|
661,224.909
|
37%
|
1,783,926
|
||||||
|
509
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
510
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
2022
|
2021
|
2020
|
Annual change from 2022 to 2021 in %
|
Annual change from 2021 to 2020 in %
|
|||||
1. Company profit development
|
||||||||||
Net income (net loss) of Deutsche Bank AG (in € m)
|
5,506
|
1,9191
|
(1,769)
|
187
|
N/M
|
|||||
Net income (net loss) of Deutsche Bank Group (in € m)
|
5,525
|
2,365
|
495
|
134
|
N/M
|
|||||
Cost/income ratio of Deutsche Bank Group (in %)
|
74.9%
|
84.6%
|
88.3%
|
(11)
|
(4)
|
|||||
Return on Tangible Equity (RoTE) of Deutsche Bank Group (in %)
|
9.4%
|
3.8%
|
0.2%
|
147
|
N/M
|
|||||
2. Average compensation employees
|
||||||||||
World-wide on a full-time equivalent basis2
|
125,301
|
120,336
|
113,350
|
4
|
6
|
|||||
3. Management Board compensation (in € t.)
|
||||||||||
Current Management Board members
|
||||||||||
Christian Sewing (Member since January 1, 2015)
|
4,394
|
3,867
|
3,352
|
14
|
15
|
|||||
James von Moltke (Member since July 1, 2017)
|
3,783
|
4,009
|
3,635
|
(6)
|
10
|
|||||
Karl von Rohr (Member since November 1, 2015)
|
3,444
|
3,235
|
2,930
|
6
|
10
|
|||||
Fabrizio Campelli (Member since November 1, 2019)
|
2,744
|
2,420
|
2,222
|
13
|
9
|
|||||
Bernd Leukert (Member since January 1, 2020)
|
2,593
|
2,419
|
2,222
|
7
|
9
|
|||||
Alexander von zur Mühlen (Member since August 1, 2020)
|
3,412
|
3,157
|
1,282
|
8
|
146
|
|||||
Christiana Riley (Member since January 1, 2020)
|
3,653
|
3,079
|
3,034
|
19
|
1
|
|||||
Rebecca Short (Member since May 1, 2021)
|
2,436
|
1,606
|
-
|
52
|
N/M
|
|||||
Prof. Dr. Stefan Simon (Member since August 1, 2020)
|
2,488
|
2,446
|
1,007
|
2
|
143
|
|||||
Olivier Vigneron (Member since May 20, 2022)
|
1,508
|
-
|
-
|
N/M
|
N/M
|
|||||
Members who left the Management Board during the financial year
|
||||||||||
Stuart Lewis (Member until May 19, 2022)
|
2,648
|
3,079
|
2,912
|
(14)
|
6
|
|||||
Members who left the Management Board before the financial year
|
||||||||||
Frank Kuhnke (Member until 30 April 2021)
|
1,626
|
2,264
|
2,207
|
(28)
|
3
|
|||||
Werner Steinmüller (Member until July 31, 2020)
|
283
|
3,117
|
2,436
|
(91)
|
28
|
|||||
Sylvie Matherat (Member until July 31, 2019)
|
134
|
211
|
2,7193
|
(36)
|
(92)
|
|||||
Garth Ritchie (Member until July 31, 2019)
|
268
|
2,071
|
4,1853
|
(87)
|
(51)
|
|||||
Frank Strauß (Member until July 31, 2019)
|
326
|
326
|
2,168
|
N/M
|
(85)
|
|||||
Nicolas Moreau (Member until Dec 31, 2018)
|
317
|
299
|
1,826
|
6
|
(84)
|
|||||
Kimberly Hammonds (Member until May 24, 2018)
|
71
|
124
|
52
|
(43)
|
138
|
|||||
Dr. Marcus Schenck (Member until May 24, 2018)
|
65
|
65
|
65
|
N/M
|
N/M
|
|||||
John Cryan (Member until April 8, 2018)
|
47
|
47
|
47
|
N/M
|
N/M
|
|||||
Hermann-Josef Lamberti (Member until May 31, 2012)
|
1,492
|
1,414
|
1,450
|
6
|
(2)
|
|||||
Josef Ackermann (Member until May 31, 2012)
|
959
|
924
|
911
|
4
|
1
|
|||||
4. Supervisory Board compensation (in € tsd.)
|
||||||||||
Current Supervisory Board members
|
||||||||||
Alexander Wynaendts (Member since May 19, 2022)
|
496
|
-
|
-
|
N/M
|
N/M
|
|||||
Detlef Polaschek (Member since May 24, 2018)
|
450
|
450
|
450
|
N/M
|
N/M
|
|||||
Prof. Dr. Norbert Winkeljohann (Member since August 1, 2018)
|
521
|
496
|
450
|
5
|
10
|
|||||
Ludwig Blomeyer-Bartenstein (Member since May 24, 2018)
|
300
|
300
|
300
|
N/M
|
N/M
|
|||||
Mayree Clark (Member since May 24, 2018)
|
429
|
450
|
425
|
(5)
|
6
|
|||||
Jan Duscheck Member since August 2, 2016)
|
300
|
271
|
250
|
11
|
8
|
|||||
Manja Eifert (Member since April 7, 2022)
|
117
|
-
|
-
|
N/M
|
N/M
|
|||||
Sigmar Gabriel (Member since March 11, 2020)
|
200
|
200
|
167
|
N/M
|
20
|
|||||
Timo Heider (Member since May 23, 2013)
|
308
|
292
|
250
|
5
|
17
|
|||||
Martina Klee (Member since May 29, 2008)
|
200
|
171
|
150
|
17
|
14
|
|||||
Gabriele Platscher (Member since June 10, 2003)
|
300
|
300
|
300
|
N/M
|
N/M
|
|||||
Bernd Rose (Member since May 23, 2013)
|
350
|
321
|
275
|
9
|
17
|
|||||
Yngve Slyngstad (Member since May 19, 2022)
|
100
|
-
|
-
|
N/M
|
N/M
|
|||||
John Alexander Thain (Member since May 24, 2018)
|
200
|
200
|
200
|
N/M
|
N/M
|
|||||
Michele Trogni (Member since May 24, 2018)
|
450
|
392
|
350
|
15
|
12
|
|||||
Dr. Dagmar Valcárcel (Member since August 1, 2019)
|
450
|
450
|
425
|
N/M
|
6
|
|||||
Stefan Viertel (Member since January 1, 2021)
|
321
|
242
|
-
|
33
|
N/M
|
|||||
Dr. Theodor Weimer (Member since May 20, 2020)
|
200
|
200
|
108
|
N/M
|
85
|
|||||
Frank Werneke (Member since November 25, 2021)
|
300
|
8
|
-
|
N/M
|
N/M
|
|||||
Frank Witter (Member since May 27, 2021)
|
300
|
142
|
-
|
111
|
N/M
|
|||||
Former Members of the Supervisory Board
|
||||||||||
Dr. Paul Achleitner (Member until May 19, 2022)
|
375
|
871
|
802
|
(57)
|
9
|
|||||
Frank Bsirske (Member until October 27, 2021)
|
-
|
250
|
300
|
N/M
|
(17)
|
|||||
Dr. Gerhard Eschelbeck (Member until May 19, 2022)
|
104
|
217
|
150
|
(52)
|
45
|
|||||
Henriette Mark (Member until March 31, 2022)
|
63
|
250
|
250
|
(75)
|
N/M
|
|||||
Gerd Alexander Schütz (Member until May 27, 2021)
|
-
|
50
|
175
|
N/M
|
(71)
|
|||||
Stephan Szukalski (Member until December 31, 2020)
|
-
|
-
|
200
|
N/M
|
N/M
|
|||||
Katherine Garrett-Cox (Member until May 20, 2020)
|
-
|
-
|
100
|
N/M
|
N/M
|
|||||
|
511
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
512
|
Deutsche Bank
|
||
Annual Report 2022
|
||
![]() |
|
513
|
Deutsche Bank
|
||
Annual Report 2022
|
||
![]() |
|
514
|
Deutsche Bank
|
||
Annual Report 2022
|
||
![]() |
|
515
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
516
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
517
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Award Type
|
Description
|
Beneficiaries
|
Deferral Period
|
Retention Period
|
Proportion
|
|||||
Upfront:Cash VC
|
Upfront cash portion
|
All eligible employees
|
N/A
|
N/A
|
MRTs with
VC ≥ € 50,000 or where VC exceeds 1/3 of TC: 50% of upfront VCNon-MRTs with 2022 TC ≤ € 500,000: 100% of upfront VC
|
|||||
Upfront:Equity Upfront Award (EUA)
|
Upfront equity portion (linked to Deutsche Bank’s share price over the retention period)
|
All MRTs with VC ≥ € 50,000 or where VC exceeds 1/3 of TCAll employees with 2022 TC >
€ 500,000
|
N/A
|
12 months
|
50% of upfront VC
|
|||||
Deferred:Restricted Incentive Award (RIA)
|
Deferred cash portion
|
All employees with deferred VC
|
Equal tranche vesting:MRTs: 4 yearsSenior Mgmt.1: 5 years
Non-MRTs in IB/CB/CRU: 4 yearsOther non-MRTs: 3 years
|
N/A
|
50% of deferred VC
|
|||||
Deferred:Restricted Equity Award (REA)
|
Deferred equity portion (linked to Deutsche Bank’s share price over the vesting and retention period)
|
All employees with deferred VC
|
Equal tranche vesting:MRTs: 4 yearsSenior Mgmt.1: 5 yearsNon-MRTs in IB/CB/CRU: 4 yearsOther non-MRTs: 3 years
|
12 months for MRTs
|
50% of deferred VC
|
|
518
|
Deutsche Bank
|
||
Annual Report 2022
|
||
![]() |
|
519
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
2021
|
|||||||||||||||||||||
in € m.(unless stated otherwise)¹
|
Super-visoryBoard²
|
Mana-gementBoard3
|
IB3
|
CB3
|
PB3
|
AM3
|
CRU3
|
ControlFunc-tions3
|
CorporateFunc-tions3
|
GroupTotal
|
GroupTotal
|
|||||||||||
Number of employees (full-time equivalent)
|
20
|
10
|
7,657
|
13,980
|
26,951
|
4,283
|
194
|
6,725
|
25,130
|
84,930
|
82,969
|
|||||||||||
Total compensation
|
7
|
76
|
2,256
|
1,306
|
2,540
|
772
|
52
|
779
|
2,457
|
10,237
|
9,912
|
|||||||||||
Base salary and allowances
|
7
|
28
|
1,209
|
946
|
1,910
|
473
|
30
|
631
|
1,907
|
7,135
|
6,811
|
|||||||||||
Pension expenses
|
0
|
6
|
71
|
76
|
152
|
41
|
2
|
53
|
139
|
540
|
537
|
|||||||||||
Fixed Pay according to§ 2 InstVV
|
7
|
35
|
1,280
|
1,022
|
2,062
|
514
|
32
|
684
|
2,046
|
7,674
|
7,348
|
|||||||||||
Year-end performance-based VC4
|
0
|
41
|
945
|
226
|
284
|
209
|
17
|
76
|
327
|
2,126
|
2,099
|
|||||||||||
Other VC4
|
0
|
0
|
4
|
6
|
43
|
32
|
0
|
5
|
19
|
110
|
135
|
|||||||||||
Severance payments
|
0
|
0
|
27
|
52
|
151
|
17
|
3
|
14
|
65
|
328
|
330
|
|||||||||||
Variable Pay according to § 2 InstVV
|
0
|
41
|
976
|
284
|
478
|
258
|
19
|
94
|
411
|
2,563
|
2,564
|
|||||||||||
|
520
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
521
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
|||||||||||||
in € m.(unless stated otherwise)¹
|
Super-visoryBoard²
|
Manage-mentBoard3
|
Senior Management4
|
Other Material Risk Takers
|
GroupTotal
|
||||||||
Fixed Pay
|
Number of MRTs5
|
20
|
10
|
236
|
1,021
|
1,286
|
|||||||
Total Fixed Pay
|
7
|
35
|
157
|
628
|
826
|
||||||||
of which: cash-based
|
5
|
30
|
148
|
597
|
780
|
||||||||
of which: shares or equivalent ownership interests
|
2
|
0
|
0
|
0
|
2
|
||||||||
of which: share-linked instruments or equivalent non-cash instruments
|
0
|
0
|
0
|
0
|
0
|
||||||||
of which: other instruments
|
0
|
0
|
0
|
0
|
0
|
||||||||
of which: other forms
|
0
|
5
|
9
|
31
|
45
|
||||||||
Variable Pay
|
Number of MRTs5
|
0
|
10
|
231
|
984
|
1,224
|
|||||||
Total Variable Pay6
|
0
|
41
|
129
|
579
|
750
|
||||||||
of which: cash-based
|
0
|
21
|
69
|
302
|
392
|
||||||||
of which: deferred
|
0
|
20
|
46
|
228
|
294
|
||||||||
of which: shares or equivalent ownership interests
|
0
|
21
|
52
|
277
|
349
|
||||||||
of which: deferred
|
0
|
21
|
42
|
227
|
290
|
||||||||
of which: share-linked instruments or equivalent non-cash instruments
|
0
|
0
|
7
|
1
|
8
|
||||||||
of which: deferred
|
0
|
0
|
5
|
1
|
5
|
||||||||
of which: other instruments
|
0
|
0
|
1
|
0
|
1
|
||||||||
of which: deferred
|
0
|
0
|
1
|
0
|
1
|
||||||||
of which: other forms
|
0
|
0
|
0
|
0
|
0
|
||||||||
of which: deferred
|
0
|
0
|
0
|
0
|
0
|
||||||||
Total Pay
|
7
|
76
|
286
|
1,207
|
1,576
|
||||||||
2022
|
|||||||||||
in € m.(unless stated otherwise)¹
|
Super-visoryBoard²
|
Manage-mentBoard3
|
Senior Management4
|
Other Material Risk Takers
|
GroupTotal
|
||||||
Guaranteed variable remuneration awards
|
|||||||||||
Number of MRTs5
|
1
|
0
|
1
|
9
|
10
|
||||||
Total amount
|
0
|
0
|
0
|
8
|
8
|
||||||
of which: paid during financial year, not taken into account in bonus cap
|
0
|
0
|
0
|
2
|
2
|
||||||
Severance payments awarded in previous periods, paid out during financial year
|
|||||||||||
Number of MRTs5
|
0
|
0
|
0
|
0
|
0
|
||||||
Total amount
|
0
|
0
|
0
|
0
|
0
|
||||||
Severance payments awarded during financial year
|
|||||||||||
Number of MRTs5
|
0
|
0
|
10
|
38
|
48
|
||||||
Total amount6
|
0
|
0
|
11
|
21
|
32
|
||||||
of which: paid during financial year
|
0
|
0
|
9
|
20
|
29
|
||||||
of which: deferred
|
0
|
0
|
2
|
1
|
3
|
||||||
of which: paid during financial year, not taken into account in bonus cap
|
0
|
0
|
9
|
20
|
29
|
||||||
|
522
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
||||||||||||||||
in € m.(unless stated otherwise)¹
|
Total amount of deferred remuneration awarded for previous performance periods
|
Of which due to vest in the financial year
|
Of which vesting in subsequent financial years
|
Amount of performance adjustment made in the financial year to deferred remuneration that was due to vest in the financial year
|
Amount of performance adjustment made in the financial year to deferred remuneration that was due to vest in future performance years
|
Total amount of adjustment during the financial year due to ex post implicit adjustments5
|
Total amount of deferred remuneration awarded before the financial year actually paid out in the financial year6
|
Total of amount of deferred remuneration awarded for previous performance period that has vested but is subject to retention periods
|
||||||||
Supervisory Board2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Cash-based
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Shares or equivalent ownership interests
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Share-linked instruments or equivalent non-cash instruments
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Other instruments
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Other forms
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Management Board3
|
91
|
9
|
83
|
0
|
0
|
(5)
|
9
|
3
|
||||||||
Cash-based
|
39
|
5
|
34
|
0
|
0
|
0
|
5
|
0
|
||||||||
Shares or equivalent ownership interests
|
52
|
4
|
49
|
0
|
0
|
(5)
|
4
|
3
|
||||||||
Share-linked instruments or equivalent non-cash instruments
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Other instruments
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Other forms
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Senior management4
|
357
|
104
|
253
|
0
|
0
|
(16)
|
104
|
47
|
||||||||
Cash-based
|
174
|
53
|
121
|
0
|
0
|
0
|
53
|
0
|
||||||||
Shares or equivalent ownership interests
|
167
|
48
|
119
|
0
|
0
|
(14)
|
48
|
44
|
||||||||
Share-linked instruments or equivalent non-cash instruments
|
14
|
3
|
11
|
0
|
0
|
(2)
|
3
|
3
|
||||||||
Other instruments
|
2
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
||||||||
Other forms
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Other Material Risk Takers
|
1,601
|
441
|
1,160
|
1
|
3
|
(75)
|
438
|
137
|
||||||||
Cash-based
|
820
|
248
|
573
|
1
|
1
|
0
|
246
|
0
|
||||||||
Shares or equivalent ownership interests
|
777
|
192
|
585
|
0
|
1
|
(74)
|
191
|
137
|
||||||||
Share-linked instruments or equivalent non-cash instruments
|
4
|
1
|
2
|
0
|
0
|
(1)
|
1
|
0
|
||||||||
Other instruments
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Other forms
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Total amount
|
2,049
|
554
|
1,496
|
1
|
3
|
(96)
|
551
|
188
|
||||||||
|
523
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
2021
|
|||
in €
|
Number of individuals1
|
Number of individuals2
|
||
Total Pay3
|
||||
1,000,000 to 1,499,999
|
299
|
234
|
||
1,500,000 to 1,999,999
|
120
|
115
|
||
2,000,000 to 2,499,999
|
47
|
56
|
||
2,500,000 to 2,999,999
|
36
|
33
|
||
3,000,000 to 3,499,999
|
16
|
19
|
||
3,500,000 to 3,999,999
|
12
|
19
|
||
4.000,000 to 4,499,999
|
9
|
9
|
||
4,500,000 to 4,999,999
|
5
|
4
|
||
5,000,000 to 5,999,999
|
7
|
10
|
||
6,000,000 to 6,999,999
|
6
|
6
|
||
7,000,000 to 7,999,999
|
8
|
8
|
||
8,000,000 to 8,999,999
|
4
|
3
|
||
9,000,000 to 9,999,999
|
2
|
3
|
||
10,000,000 to 10,999,999
|
1
|
1
|
||
Total
|
572
|
520
|
||
Management Body Remuneration
|
Business Areas
|
|||||||||||||||||||||
in € m.(unless stated otherwise)¹
|
Super-visoryBoard2
|
Manage-mentBoard2
|
Total Manage-ment Body
|
IB2
|
CB2
|
PB2
|
AM2
|
CRU2
|
Corporate Functions2
|
Control Functions2
|
Total
|
|||||||||||
Total number of Material Risk Takers3
|
1,286
|
|||||||||||||||||||||
of which: Management Body
|
20
|
10
|
30
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|||||||||||
of which: Senior Management4
|
N/A
|
N/A
|
N/A
|
16
|
29
|
59
|
6
|
6
|
88
|
32
|
236
|
|||||||||||
of which: Other Material Risk Takers
|
N/A
|
N/A
|
N/A
|
578
|
79
|
127
|
6
|
15
|
133
|
83
|
1,021
|
|||||||||||
Total Pay of Material Risk Takers
|
7
|
76
|
83
|
945
|
110
|
154
|
28
|
19
|
177
|
60
|
1,576
|
|||||||||||
of which: variable pay5
|
0
|
41
|
41
|
471
|
58
|
72
|
13
|
9
|
73
|
14
|
750
|
|||||||||||
of which: fixed pay
|
7
|
35
|
41
|
475
|
53
|
82
|
15
|
10
|
104
|
46
|
826
|
|||||||||||
|
524
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Management Board and Supervisory Board
|
||||
Reporting and Transparency
|
||||
Related Party Transactions
|
||||
Auditing and Controlling
|
||||
Compliance with German Corporate Governance Code
|
|
525
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
526
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
527
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
528
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
529
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
530
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
531
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
532
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Member
|
Principal occupation
|
Supervisory board memberships and other directorships
|
Alexander Wynaendts
Year of birth: 1960
First elected: May 19, 2022
Term expires: 2026
|
Chairman of the Supervisory Board,
Deutsche Bank AG
|
Air France-KLM Group S.A.
2
(Member of the Board of Directors); Uber Technologies, Inc.
2
(Member of the Board of Directors); Puissance Holding B.V. (Non-Executive Director, Chairman)
|
Ludwig Blomeyer-Bartenstein
1
Year of birth: 1957
First elected: May 24, 2018
Term expires: 2023
|
Spokesperson of the Management Bremen, Deutsche Bank AG
|
Frowein & Co. Beteiligungs AG; Bürgschaftsbank Bremen GmbH (Member of the Board of Directors) (until December 2022)
|
Mayree Clark
Year of birth: 1957
First elected: May 24, 2018
Term expires: 2023
|
Supervisory Board member
|
Ally Financial, Inc.
2
(Member of the Board of Directors); Allvue Systems Holdings, Inc. (Member of the Board of Directors)
|
Jan Duscheck
1
Year of birth: 1984
Appointed by the court: August 2, 2016
Term expires: 2023
|
Head of National Working Group Banking,
trade union ver.di (Vereinte Dienstleistungsgewerkschaft)
|
No memberships or directorships subject to disclosure
|
Manja Eifert
1
Year of birth: 1971
Appointed by the court: April 7, 2022
Term expires: 2023
|
Staff Council member
|
No memberships or directorships subject to disclosure
|
Sigmar Gabriel
Year of birth: 1959
Appointed by the court: March 11, 2020
Term expires: 2025
|
Former German Federal Government Minister
|
GP Günter Papenburg AG (until April 2022); Siemens Energy AG
2
; ThyssenKrupp Steel Europe AG (Chairman of the Supervisory Board) (since April 2022)
|
Timo Heider
1
Year of birth: 1975
First elected: May 23, 2013
Term expires: 2023
|
Staff Council member
|
BHW Bausparkasse AG
3
(Deputy Chairman); PCC Services GmbH der Deutschen Bank
3
(Deputy Chairman); Pensionskasse der BHW Bausparkasse AG VvaG
3
(Deputy Chairman)
|
Martina Klee
1
Year of birth: 1962
First elected: May 29, 2008
Term expires: 2023
|
Staff Council member
|
Sterbekasse für die Angestellten der Deutsche Bank-Gruppe VvaG
3
|
Gabriele Platscher
1
Year of birth: 1957
First elected: June 10, 2003
Term expires: 2023
|
Bank employee
|
BVV Versicherungsverein des Bankgewerbes a.G.
(Deputy Chairperson) (until July 2022);
BVV Versorgungskasse des Bankgewerbes e.V.
(Deputy Chairperson) (until July 2022);
BVV Pensionsfonds des Bankgewerbes AG
(Deputy Chairperson) (until July 2022)
|
|
533
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Detlef Polaschek
1
Year of birth: 1960
First elected: May 24, 2018
Term expires: 2023
|
Deputy Chairman of the Supervisory Board of Deutsche Bank AG; Staff Council member
|
No memberships or directorships subject to disclosure
|
Bernd Rose
1
Year of birth: 1967
First elected: May 23, 2013
Term expires: 2023
|
Staff Council member
|
Postbank Filialvertrieb AG
3
; ver.di Vermögensverwaltungsgesellschaft m.b.H. (Deputy Chairperson)
|
Yngve Slyngstad
Year of birth: 1962
First elected: May 19, 2022
Term expires: 2026
|
Chief Executive Officer of Aker Asset Management AS
|
No memberships or directorships subject to disclosure
|
John Alexander Thain
Year of birth: 1955
First elected: May 24, 2018
Term expires: 2023
|
Supervisory Board member
|
Uber Technologies, Inc.
2
(Member of the Board of Directors); Aperture Investors LLC (Member of the Board of Directors); Pine Island Capital Partners LLC (Chairman); Pine Island Acquisition Corp.2 (Chairman of the Board of Directors) (until October 2022)
|
Michele Trogni
Year of birth: 1965
First elected: May 24, 2018
Term expires: 2023
|
Operating Partner Eldridge
|
Zinnia Corporate Holdings LLC (formerly SE2 LLC) (Chief Executive Officer since May 2022 and Chairperson of the Board of Directors)
|
Dr. Dagmar Valcárcel
Year of birth: 1966
Appointed by the court: August 1, 2019
Term expires: 2025
|
Supervisory Board member
|
amedes Holding GmbH; Antin Infrastructure Partners S.A.
2
(Member of the Board of Directors)
|
Stefan Viertel
1
Year of birth: 1964
Succession as substitute member:
January 1, 2021
4
Term expires: 2023
|
Staff Council member
|
No memberships or directorships subject to disclosure
|
Dr. Theodor Weimer
Year of birth: 1959
First elected: May 20, 2020
Term expires: 2025
|
Chief Executive Officer, Deutsche Börse AG
|
Knorr Bremse AG
2
|
Frank Werneke
1
Year of birth: 1967
Appointed by the court: November 25, 2021
Term expires: 2023
|
Chairman of the trade union ver.di (Vereinte Dienstleistungsgewerkschaft)
|
ZDF Studios GmbH (formerly ZDF Enterprises GmbH); Member of the Television Council of the Zweites Deutsches Fernsehen (ZDF); ver.di Vermögensgesellschaft m.b.H.
|
Professor Dr. Norbert Winkeljohann
Year of birth: 1957
First elected: August 1, 2018
Term expires: 2023
|
Deputy Chairman of the Supervisory Board of Deutsche Bank AG; Self-Employed Corporate Consultant Norbert Winkeljohann Advisory & Investment
|
Bayer AG
2
(Chairman); Georgsmarienhütte Holding GmbH; Sievert SE (Chairman); Bohnenkamp AG (Chairman)
|
Frank Witter
Year of birth: 1959
First elected: May 27, 2021
Term expires: 2025
|
Supervisory Board member
|
Traton SE
2
; Vfl Wolfsburg-Fußball GmbH (Chairman); CGI Inc.
2
(Member of the Board of Directors)
|
|
534
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
535
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
536
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Alexander Wynaendts
|
Ludwig Blomeyer-Bartenstein
|
Mayree Clark
|
Jan Duscheck
|
Manja Eifert
|
Sigmar Gabriel
|
Timo Heider
|
Martina Klee
|
Gabriele Platscher
|
Detlef Polaschek
|
Bernd Rose
|
Yngve Slyngstad
|
John Alexander Thain
|
Michele Trogni
|
Dr. Dagmar Valcárcel
|
Stefan Viertel
|
Dr. Theodor Weimer
|
Frank Werneke
|
Prof. Dr. Norbert Winkeljohann
|
Frank Witter
|
|||
Member-
ship
|
No Overboarding*
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
|
Independent **
|
✓
|
ER
|
✓
|
ER
|
ER
|
✓
|
ER
|
ER
|
ER
|
ER
|
ER
|
✓
|
✓
|
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|
✓
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ER
|
✓
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ER
|
✓
|
✓
|
||
Professional expertise
|
General fields of expertise
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
|
Accounting and reporting, incl. sustainability reporting
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
||||||
Audit Committee Financial Experts ***
|
w
|
w
|
w
|
w
|
w
|
|||||||||||||||||
Expertise in the area of accounting ***
|
w
|
w
|
w
|
w
|
w
|
|||||||||||||||||
Expertise in the area of auditing ***
|
w
|
w
|
w
|
w
|
w
|
|||||||||||||||||
Regulatory framework and Legal requirements
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
|||||||
Human Capital, Compensation and Corporate Culture
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
||
Compensation Control Committee Compensation Experts***
|
w
|
w
|
w
|
|||||||||||||||||||
Risk Management
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
|||||||||
Information technology, data and digitalization
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
||||||||||||
Strategy, Transformation and ESG
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
|||||
Organizational structure and control of a financial institution
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
|||||
Client/ business
expertise
|
Private Banking and Wealth Management
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
|||
Corporate Banking
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
||||||||||
Investment Banking
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
||||||||||||
Asset Management
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
||||||||||||||||
Regional
Expertise
|
Germany
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
||||||
Europe
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
|||||||||
Americas
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
||||||||||||||
APAC
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
|
537
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
538
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
539
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
540
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
541
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Members of the Supervisory Board
|
Number ofshares
|
Number ofshare awards
|
||
Alexander Wynaendts
|
0
|
0
|
||
Ludwig Blomeyer-Bartenstein
|
5,490
|
4,7351
|
||
Mayree Clark
|
109,444
|
0
|
||
Jan Duscheck
|
0
|
0
|
||
Manja Eifert
|
103
|
10
|
||
Sigmar Gabriel
|
0
|
0
|
||
Timo Heider
|
0
|
0
|
||
Martina Klee
|
2,781
|
10
|
||
Gabriele Platscher
|
1,684
|
10
|
||
Detlef Polaschek
|
1,934
|
10
|
||
Bernd Rose
|
0
|
0
|
||
Yngve Slyngstad
|
0
|
0
|
||
John Alexander Thain
|
100,000
|
0
|
||
Michele Trogni
|
15,000
|
0
|
||
Dr. Dagmar Valcárcel
|
0
|
0
|
||
Stefan Viertel
|
1,007
|
0
|
||
Dr. Theodor Weimer
|
108,000
|
0
|
||
Frank Werneke
|
0
|
0
|
||
Professor Dr. Norbert Winkeljohann
|
0
|
0
|
||
Frank Witter
|
0
|
0
|
||
Total
|
345,443
|
4,775
|
||
|
542
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
543
|
Deutsche Bank
|
||
Annual Report 2022
|
||
Fee category in € m.
|
2022
|
2021
|
||
Audit fees
|
59
|
54
|
||
Audit-related fees
|
8
|
8
|
||
Tax-related fees
|
0
|
1
|
||
All other fees
|
1
|
1
|
||
Total fees
|
1
|
68
|
64
|
|
|
544
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
545
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
546
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
547
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
548
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Total
|
|||||||
Profit (loss) before tax
|
2,051
|
3,487
|
1,979
|
598
|
(932)
|
(1,736)
|
5,447
|
|||||||
Profit (loss)
|
1,477
|
2,510
|
1,425
|
431
|
(671)
|
382
|
5,554
|
|||||||
Profit (loss) attributable tononcontrolling interests
|
0
|
0
|
0
|
0
|
0
|
134
|
134
|
|||||||
Profit (loss) attributable to DBshareholders and additionalequity components
|
1,477
|
2,510
|
1,425
|
431
|
(671)
|
248
|
5,420
|
|||||||
Profit (loss) attributable to additional equity components
|
102
|
232
|
116
|
22
|
28
|
(0)
|
500
|
|||||||
Profit (loss) attributable to Deutsche Bank shareholders
|
1,375
|
2,278
|
1,309
|
408
|
(699)
|
248
|
4,919
|
|||||||
Average allocated shareholders' equity
|
11,901
|
26,032
|
13,584
|
5,459
|
3,018
|
115
|
60,108
|
|||||||
Deduct: Average allocated goodwill and other intangible assets1
|
884
|
1,139
|
1,175
|
3,067
|
61
|
0
|
6,328
|
|||||||
Average allocated tangible shareholders' equity
|
11,017
|
24,893
|
12,409
|
2,392
|
2,956
|
115
|
53,780
|
|||||||
Post-tax return on averageshareholders’ equity
|
11.6 %
|
8.8 %
|
9.6 %
|
7.5 %
|
(23.2) %
|
N/M
|
8.2 %
|
|||||||
Post-tax return on averagetangible shareholders’ equity
|
12.5 %
|
9.2 %
|
10.6 %
|
17.1 %
|
(23.7) %
|
N/M
|
9.1 %
|
|||||||
|
550
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2021
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Total
|
|||||||
Profit (loss) before tax
|
1,011
|
3,714
|
355
|
816
|
(1,364)
|
(1,014)
|
3,518
|
|||||||
Profit (loss)
|
728
|
2,674
|
256
|
587
|
(982)
|
(668)
|
2,595
|
|||||||
Profit (loss) attributable tononcontrolling interests
|
0
|
0
|
0
|
0
|
0
|
144
|
144
|
|||||||
Profit (loss) attributable to DBshareholders and additionalequity components
|
728
|
2,674
|
256
|
587
|
(982)
|
(812)
|
2,451
|
|||||||
Profit (loss) attributable to additional equity components
|
81
|
195
|
97
|
16
|
37
|
(0)
|
426
|
|||||||
Profit (loss) attributable to Deutsche Bank shareholders
|
647
|
2,479
|
159
|
571
|
(1,019)
|
(812)
|
2,025
|
|||||||
Average allocated shareholders' equity
|
10,301
|
24,181
|
12,663
|
4,815
|
4,473
|
104
|
56,537
|
|||||||
Deduct: Average allocated goodwill and other intangible assets1
|
721
|
1,087
|
1,256
|
2,889
|
96
|
0
|
6,049
|
|||||||
Average allocated tangible shareholders' equity
|
9,580
|
23,094
|
11,408
|
1,926
|
4,377
|
104
|
50,489
|
|||||||
Post-tax return on averageshareholders’ equity
|
6.3 %
|
10.3 %
|
1.3 %
|
11.9 %
|
(22.8) %
|
N/M
|
3.6 %
|
|||||||
Post-tax return on averagetangible shareholders’ equity
|
6.8 %
|
10.7 %
|
1.4 %
|
29.7 %
|
(23.3) %
|
N/M
|
4.0 %
|
|||||||
2020
|
||||||||||||||
in € m.(unless stated otherwise)
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Total
|
|||||||
Profit (loss) before tax
|
547
|
3,166
|
(108)
|
544
|
(2,200)
|
(947)
|
1,003
|
|||||||
Profit (loss)
|
394
|
2,280
|
(78)
|
392
|
(1,584)
|
(792)
|
612
|
|||||||
Profit (loss) attributable tononcontrolling interests
|
0
|
0
|
0
|
0
|
0
|
129
|
129
|
|||||||
Profit (loss) attributable to DBshareholders and additionalequity components
|
394
|
2,280
|
(78)
|
392
|
(1,584)
|
(921)
|
483
|
|||||||
Profit (loss) attributable to additional equity components
|
72
|
169
|
79
|
14
|
48
|
(0)
|
382
|
|||||||
Profit (loss) attributable to Deutsche Bank shareholders
|
322
|
2,111
|
(157)
|
378
|
(1,632)
|
(921)
|
101
|
|||||||
Average allocated shareholders' equity
|
9,945
|
22,911
|
11,553
|
4,757
|
6,166
|
(23)
|
55,308
|
|||||||
Deduct: Average allocated goodwill and other intangible assets1
|
603
|
1,133
|
1,255
|
2,993
|
142
|
(0)
|
6,127
|
|||||||
Average allocated tangible shareholders' equity
|
9,341
|
21,777
|
10,298
|
1,764
|
6,024
|
(23)
|
49,182
|
|||||||
Post-tax return on averageshareholders’ equity
|
3.2 %
|
9.2 %
|
(1.4) %
|
7.9 %
|
(26.5) %
|
N/M
|
0.2 %
|
|||||||
Post-tax return on averagetangible shareholders’ equity
|
3.4 %
|
9.7 %
|
(1.5) %
|
21.4 %
|
(27.1) %
|
N/M
|
0.2 %
|
|||||||
|
551
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
|||
Profit (loss) attributable to Deutsche Bank shareholders
|
4,919
|
2,025
|
101
|
|||
Specific revenue items
|
(473)
|
(73)
|
(30)
|
|||
Transformation charges
|
132
|
1,003
|
490
|
|||
Impairment of goodwill / other intangibles
|
68
|
5
|
0
|
|||
Restructuring & severance
|
(6)
|
470
|
688
|
|||
Tax adjustments
|
81
|
(392)
|
(313)
|
|||
of which: Tax effect of above adjustment items1
|
78
|
(393)
|
(321)
|
|||
of which: Adjustments for share based payment related effects
|
3
|
1
|
(29)
|
|||
of which: Adjustments for DTA valuation adjustments (transformation related)
|
0
|
0
|
37
|
|||
Adjusted profit (loss) attributable to Deutsche Bank shareholders
|
4,722
|
3,037
|
936
|
|||
Average allocated tangible shareholders' equity
|
53,780
|
50,489
|
49,182
|
|||
Adjusted post-tax return on average tangible shareholders’ equity
|
8.8 %
|
6.0 %
|
1.9 %
|
|||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
|||
Profit (loss) before tax
|
6,379
|
4,882
|
3,203
|
|||
Profit (loss)
|
6,225
|
3,577
|
2,196
|
|||
Profit (loss) attributable to noncontrolling interests
|
134
|
144
|
129
|
|||
Profit (loss) attributable to Deutsche Bank shareholders and additional equity components
|
6,091
|
3,433
|
2,067
|
|||
Profit (loss) attributable to additional equity components
|
472
|
388
|
334
|
|||
Profit (loss) attributable to Deutsche Bank shareholders
|
5,619
|
3,044
|
1,733
|
|||
Average allocated shareholders' equity
|
57,091
|
52,064
|
49,142
|
|||
Deduct: Average allocated goodwill and other intangible assets
|
6,266
|
5,953
|
5,985
|
|||
Average allocated tangible shareholders' equity
|
50,824
|
46,111
|
43,157
|
|||
Post-tax return on average shareholders’ equity
|
9.8 %
|
5.8 %
|
3.5 %
|
|||
Post-tax return on average tangible shareholders’ equity
|
11.1 %
|
6.6 %
|
4.0 %
|
|||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
|||
Profit (loss) before tax - Group
|
5,447
|
3,518
|
1,003
|
|||
Profit (loss) before tax - CRU
|
(932)
|
(1,364)
|
(2,200)
|
|||
Profit (loss) before tax - Core Bank
|
6,379
|
4,882
|
3,203
|
|||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
|||
Profit (loss) before tax
|
6,379
|
4,882
|
3,203
|
|||
Specific revenue items
|
(479)
|
(74)
|
(38)
|
|||
Transformation charges
|
132
|
945
|
328
|
|||
Impairment of goodwill / other intangibles
|
68
|
5
|
0
|
|||
Restructuring & severance
|
(8)
|
464
|
671
|
|||
Adjusted profit (loss) before tax – Core Bank
|
6,094
|
6,221
|
4,164
|
|||
|
552
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
|||
Profit (loss) attributable to Deutsche Bank shareholders
|
5,619
|
3,044
|
1,733
|
|||
Specific revenue items
|
(479)
|
(74)
|
(38)
|
|||
Transformation charges
|
132
|
945
|
328
|
|||
Impairment of goodwill / other intangibles
|
68
|
5
|
0
|
|||
Restructuring & severance
|
(8)
|
464
|
671
|
|||
Tax adjustments
|
83
|
(374)
|
(261)
|
|||
of which: Tax effect of above adjustment items1
|
80
|
(375)
|
(269)
|
|||
of which: Adjustments for share based payment related effects
|
3
|
1
|
(29)
|
|||
of which: Adjustments for DTA valuation adjustments (transformation-related)
|
0
|
0
|
37
|
|||
Adjusted profit (loss) attributable to Deutsche Bank shareholders
|
5,416
|
4,010
|
2,433
|
|||
Average allocated tangible shareholders' equity
|
50,824
|
46,111
|
43,157
|
|||
Adjusted post-tax return on average tangible shareholders’ equity
|
10.7 %
|
8.7 %
|
5.6 %
|
|||
in € m.
|
2022
|
2021
|
2020
|
|||
Compensation and benefits
|
0
|
8
|
8
|
|||
Information Technology
|
117
|
689
|
257
|
|||
Professional services
|
12
|
35
|
18
|
|||
Occupancy
|
0
|
258
|
196
|
|||
Communication, data services, marketing
|
1
|
4
|
7
|
|||
Other
|
3
|
8
|
4
|
|||
Transformation charges
|
132
|
1,003
|
490
|
|||
|
553
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
|||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Totalconsolidated
|
||||||||
Noninterest expenses
|
3,949
|
6,196
|
6,593
|
1,836
|
922
|
893
|
20,390
|
||||||||
Impairment of goodwill and otherintangible assets
|
0
|
0
|
0
|
68
|
0
|
0
|
68
|
||||||||
Litigation charges, net
|
23
|
166
|
(60)
|
24
|
139
|
122
|
413
|
||||||||
Restructuring and severance
|
(6)
|
44
|
(87)
|
37
|
2
|
5
|
(6)
|
||||||||
Adjusted costs
|
3,933
|
5,986
|
6,740
|
1,708
|
781
|
767
|
19,915
|
||||||||
Transformation charges
|
16
|
0
|
116
|
0
|
0
|
0
|
132
|
||||||||
Adjusted costs ex. transformation charges
|
3,917
|
5,986
|
6,624
|
1,708
|
781
|
767
|
19,782
|
||||||||
2021
|
|||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Totalconsolidated
|
||||||||
Noninterest expenses
|
4,143
|
5,831
|
7,433
|
1,664
|
1,432
|
1,002
|
21,505
|
||||||||
Impairment of goodwill and otherintangible assets
|
5
|
0
|
0
|
0
|
0
|
0
|
5
|
||||||||
Litigation charges, net
|
2
|
99
|
134
|
2
|
230
|
1
|
466
|
||||||||
Restructuring and severance
|
111
|
87
|
237
|
21
|
6
|
7
|
470
|
||||||||
Adjusted costs
|
4,025
|
5,645
|
7,062
|
1,641
|
1,195
|
995
|
20,564
|
||||||||
Transformation charges
|
58
|
60
|
221
|
3
|
57
|
603
|
1003
|
||||||||
Adjusted costs ex. transformation charges
|
3,967
|
5,585
|
6,841
|
1,638
|
1,138
|
391
|
19,561
|
||||||||
Expenses eligible for reimbursement related to Prime Finance
|
302
|
||||||||||||||
Adjusted costs ex. transformation charges and expenses eligible for reimbursement related to Prime Finance
|
19,259
|
||||||||||||||
2020
|
||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Totalconsolidated
|
|||||||
Noninterest expenses
|
4,235
|
5,418
|
7,522
|
1,526
|
1,947
|
568
|
21,216
|
|||||||
Impairment of goodwill and otherintangible assets
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Litigation charges, net
|
99
|
20
|
83
|
(1)
|
25
|
(67)
|
158
|
|||||||
Restructuring and severance
|
79
|
26
|
520
|
37
|
17
|
10
|
688
|
|||||||
Adjusted costs
|
4,058
|
5,373
|
6,920
|
1,490
|
1,905
|
625
|
20,370
|
|||||||
Transformation charges
|
59
|
84
|
122
|
5
|
162
|
58
|
490
|
|||||||
Adjusted costs ex. transformation charges
|
3,999
|
5,289
|
6,797
|
1,485
|
1,743
|
567
|
19,880
|
|||||||
Expenses eligible for reimbursement related to Prime Finance
|
360
|
|||||||||||||
Adjusted costs ex. transformation charges and expenses eligible for reimbursement related to Prime Finance
|
19,520
|
|||||||||||||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
|||
Adjusted costs ex. transformation charges
|
19,782
|
19,561
|
19,880
|
|||
Bank levies
|
762
|
553
|
633
|
|||
Adjusted costs ex. transformation charges and bank levies
|
19,020
|
19,008
|
19,247
|
|||
|
554
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
|||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Totalconsolidated
|
||||||||
Revenues
|
6,335
|
10,016
|
9,155
|
2,608
|
(28)
|
(1,024)
|
27,063
|
||||||||
DVA
|
0
|
49
|
0
|
0
|
(6)
|
0
|
43
|
||||||||
Sal. Oppenheim workout- International Private Bank
|
0
|
0
|
125
|
0
|
0
|
0
|
125
|
||||||||
Gain on sale Financial Advisors business Italy – International Private Bank1
|
0
|
0
|
305
|
0
|
0
|
0
|
305
|
||||||||
Total Specific revenue items
|
0
|
49
|
430
|
0
|
(6)
|
0
|
473
|
||||||||
Revenues excluding specific items
|
6,335
|
9,968
|
8,725
|
2,608
|
(22)
|
(1,024)
|
26,590
|
||||||||
2021
|
|||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Totalconsolidated
|
||||||||
Revenues
|
5,151
|
9,631
|
8,234
|
2,708
|
26
|
(212)
|
25,538
|
||||||||
DVA
|
0
|
(28)
|
0
|
0
|
(2)
|
0
|
(30)
|
||||||||
Sal. Oppenheim workout- International Private Bank
|
0
|
0
|
103
|
0
|
0
|
0
|
103
|
||||||||
Gain on sale Financial Advisors business Italy – International Private Bank
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||
Total Specific revenue items
|
0
|
(28)
|
103
|
0
|
(2)
|
0
|
73
|
||||||||
Revenues excluding specific items
|
5,151
|
9,660
|
8,132
|
2,708
|
28
|
(212)
|
25,465
|
||||||||
2020
|
||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Totalconsolidated
|
|||||||
Revenues
|
5,146
|
9,286
|
8,126
|
2,229
|
(225)
|
(552)
|
24,011
|
|||||||
DVA
|
0
|
6
|
0
|
0
|
(8)
|
0
|
(2)
|
|||||||
Sale of PB Systems to TCS
|
(16)
|
0
|
(88)
|
0
|
0
|
0
|
(104)
|
|||||||
Change in valuation of an investment- FIC S&T
|
0
|
22
|
0
|
0
|
0
|
0
|
22
|
|||||||
Sal. Oppenheim workout- International Private Bank
|
0
|
0
|
114
|
0
|
0
|
0
|
114
|
|||||||
Gain on sale Financial Advisors business Italy – International Private Bank
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Total Specific revenue items
|
(16)
|
28
|
26
|
0
|
(8)
|
0
|
30
|
|||||||
Revenues excluding specific items
|
5,161
|
9,258
|
8,100
|
2,229
|
(217)
|
(552)
|
23,981
|
|||||||
|
555
|
Deutsche Bank
|
||
Annual Report 2022
|
||
2022
|
|||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Totalconsolidated
|
||||||||
Profit (loss) before tax
|
2,051
|
3,487
|
1,979
|
598
|
(932)
|
(1,736)
|
5,447
|
||||||||
Specific revenue items
|
0
|
(49)
|
(430)
|
0
|
6
|
0
|
(473)
|
||||||||
Transformation charges
|
16
|
0
|
116
|
0
|
0
|
0
|
132
|
||||||||
Impairment of goodwill / other intangibles
|
0
|
0
|
0
|
68
|
0
|
0
|
68
|
||||||||
Restructuring & severance
|
(6)
|
44
|
(87)
|
37
|
2
|
5
|
(6)
|
||||||||
Adjusted profit (loss) before tax
|
2,061
|
3,482
|
1,578
|
703
|
(925)
|
(1,731)
|
5,168
|
||||||||
2021
|
|||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Totalconsolidated
|
||||||||
Profit (loss) before tax
|
1,011
|
3,714
|
355
|
816
|
(1,364)
|
(1,014)
|
3,518
|
||||||||
Specific revenue items
|
0
|
28
|
(103)
|
0
|
2
|
0
|
(73)
|
||||||||
Transformation charges
|
58
|
60
|
221
|
3
|
57
|
603
|
1,003
|
||||||||
Impairment of goodwill / other intangibles
|
5
|
0
|
0
|
0
|
0
|
0
|
5
|
||||||||
Restructuring & severance
|
111
|
87
|
237
|
21
|
6
|
7
|
470
|
||||||||
Adjusted profit (loss) before tax
|
1,185
|
3,889
|
711
|
840
|
(1,298)
|
(403)
|
4,923
|
||||||||
2020
|
||||||||||||||
in € m.
|
CorporateBank
|
InvestmentBank
|
PrivateBank
|
AssetManagement
|
CapitalRelease Unit
|
Corporate &Other
|
Totalconsolidated
|
|||||||
Profit (loss) before tax
|
547
|
3,166
|
(108)
|
544
|
(2,200)
|
(947)
|
1,003
|
|||||||
Specific revenue items
|
16
|
(28)
|
(26)
|
0
|
8
|
0
|
(30)
|
|||||||
Transformation charges
|
59
|
84
|
122
|
5
|
162
|
58
|
490
|
|||||||
Impairment of goodwill / other intangibles
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||
Restructuring & severance
|
79
|
26
|
520
|
37
|
17
|
10
|
688
|
|||||||
Adjusted profit (loss) before tax
|
700
|
3,248
|
509
|
586
|
(2,013)
|
(879)
|
2,151
|
|||||||
|
556
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.(unless stated otherwise)
|
2022
|
2021
|
2020
|
|||
Net Revenues
|
9,155
|
8,234
|
8,126
|
|||
BGH ruling on pricing agreements - impact of forgone revenues
|
22
|
154
|
–
|
|||
of which: Private Bank Germany - BGH ruling on pricing agreements - impact of forgone revenues
|
23
|
152
|
–
|
|||
Net revenues ex BGH ruling on pricing agreements
|
9,177
|
8,388
|
8,126
|
|||
of which: Private Bank Germany net revenues ex BGH ruling on pricing agreements
|
5,351
|
5,160
|
4,989
|
|||
Revenue specific items
|
(430)
|
(103)
|
(26)
|
|||
Net revenues ex specific items ex BGH ruling on pricing agreements
|
8,747
|
8,285
|
8,100
|
|||
therein: Private Bank Germany – revenues ex specific items ex BGH ruling on pricing agreements
|
5,351
|
5,160
|
5,077
|
|||
Adjusted profit (loss) before tax
|
1,578
|
711
|
509
|
|||
BGH ruling - total impact
|
(60)
|
284
|
–
|
|||
of which: impact of forgone revenues
|
22
|
154
|
–
|
|||
of which: impact of additional adjusted costs
|
4
|
2
|
–
|
|||
of which: impact of litigation charges
|
(86)
|
128
|
–
|
|||
Adjusted profit (loss) before tax ex BGH ruling on pricing agreements
|
1,518
|
994
|
509
|
|||
Adjusted profit (loss) ex BGH ruling on pricing agreements
|
1,093
|
716
|
366
|
|||
Profit (loss) attributable to noncontrolling interests
|
–
|
–
|
–
|
|||
Profit (loss) attributable to additional equity components
|
116
|
97
|
79
|
|||
Adjusted Profit (loss) attributable to Deutsche Bank shareholders ex BGH ruling on pricing agreements
|
977
|
619
|
287
|
|||
Average allocated tangible shareholders' equity
|
12,409
|
11,408
|
10,298
|
|||
Adjusted post-tax RoTE ex BGH ruling on pricing agreements (in %)
|
7.9 %
|
5.4 %
|
2.8 %
|
|||
Reported post-tax RoTE (in %)
|
10.6 %
|
1.4 %
|
(1.5) %
|
|||
in € b.(unless stated otherwise)
|
2022
|
2021
|
2020
|
|||
Total assets
|
1,344
|
1,325
|
1,325
|
|||
Deduct: Derivatives (incl. hedging derivatives) credit line netting
|
228
|
239
|
266
|
|||
Deduct: Derivatives cash collateral received / paid
|
70
|
65
|
83
|
|||
Deduct: Securities Financing Transactions credit line netting
|
2
|
2
|
1
|
|||
Deduct: Pending settlements netting
|
17
|
15
|
12
|
|||
Net assets
|
1,026
|
1,003
|
962
|
|||
|
557
|
Deutsche Bank
|
||
Annual Report 2022
|
||
in € m.
|
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
||||||||||||
(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Total shareholders’ equity (Book value)
|
61,772
|
58,096
|
54,774
|
3,676
|
6
|
3,322
|
6
|
|||||||
Goodwill and other intangible assets1
|
(6,327)
|
(6,079)
|
(5,997)
|
(248)
|
4
|
(82)
|
1
|
|||||||
Tangible shareholders’ equity (Tangiblebook value)
|
55,445
|
52,017
|
48,777
|
3,428
|
7
|
3,240
|
7
|
|||||||
in € m.
|
2022 increase (decrease)from 2021
|
2021 increase (decrease)from 2020
|
||||||||||||
(unless stated otherwise)
|
2022
|
2021
|
2020
|
in € m.
|
in %
|
in € m.
|
in %
|
|||||||
Number of shares
|
2,066.8
|
2,066.8
|
2,066.8
|
0
|
0
|
0
|
0
|
|||||||
Shares outstanding:
|
||||||||||||||
Treasury shares
|
(28.9)
|
(0.7)
|
(1.3)
|
(28.3)
|
N/M
|
0.7
|
(49.6)
|
|||||||
Vested share awards
|
45.6
|
34.5
|
38.6
|
11.0
|
32.0
|
(4.1)
|
(10.7)
|
|||||||
Basic shares outstanding
|
2,083.4
|
2,100.6
|
2,104.1
|
(17.2)
|
(0.8)
|
(3.4)
|
(0.2)
|
|||||||
Book value per basic share outstanding in €
|
29.65
|
27.66
|
26.03
|
1.99
|
7.2
|
1.63
|
6.3
|
|||||||
Tangible book value per basic shareoutstanding in €
|
26.61
|
24.76
|
23.18
|
1.85
|
7.5
|
1.58
|
6.8
|
|||||||
|
558
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
559
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
560
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
561
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
562
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
563
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
564
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
565
|
Deutsche Bank
|
||
Annual Report 2022
|
||
|
566
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Average balance sheet and interest and similar income
|
2022
|
2021
|
2020
|
|||||||||||||||
in € m.(unless stated otherwise)
|
Averagebalance
|
Interest
|
Averageyield/rate
|
Averagebalance
|
Interest
|
Averageyield/rate
|
Averagebalance
|
Interest
|
Averageyield/rate
|
|||||||||
Assets:1
|
||||||||||||||||||
Interest-earning deposits with banks:2,4
|
||||||||||||||||||
In German offices
|
85,923
|
251
|
0.29 %
|
97,389
|
(352)
|
(0.36) %
|
68,237
|
(14)
|
(0.02) %
|
|||||||||
In Non-German offices
|
86,204
|
1,852
|
2.15 %
|
82,684
|
203
|
0.25 %
|
74,415
|
422
|
0.57 %
|
|||||||||
Total interest-earning deposits with banks
|
172,127
|
2,104
|
1.22 %
|
180,073
|
(149)
|
(0.08) %
|
142,653
|
408
|
0.29 %
|
|||||||||
Central bank funds sold:5
|
||||||||||||||||||
In German offices
|
0
|
0
|
0.00 %
|
0
|
0
|
0.00 %
|
0
|
0
|
0.00 %
|
|||||||||
In Non-German offices
|
0
|
1
|
0.00 %
|
0
|
0
|
0.00 %
|
0
|
1
|
0.00 %
|
|||||||||
Total central bank funds sold
|
0
|
1
|
0.00 %
|
0
|
0
|
0.00 %
|
0
|
1
|
0.00 %
|
|||||||||
Securities purchased under resale agreements:4,5
|
||||||||||||||||||
In German offices
|
3,116
|
112
|
3.59 %
|
2,426
|
42
|
1.74 %
|
2,974
|
23
|
0.78 %
|
|||||||||
In Non-German offices
|
6,239
|
392
|
6.28 %
|
6,262
|
231
|
3.68 %
|
6,357
|
284
|
4.47 %
|
|||||||||
Total securities purchased under resale agreements
|
9,355
|
504
|
5.38 %
|
8,687
|
273
|
3.14 %
|
9,331
|
307
|
3.30 %
|
|||||||||
Securities borrowed:4
|
||||||||||||||||||
In German offices
|
119
|
2
|
1.99 %
|
101
|
4
|
4.18 %
|
79
|
12
|
14.96 %
|
|||||||||
In Non-German offices
|
0
|
48
|
N/M
|
0
|
19
|
N/M
|
33
|
4
|
13.61 %
|
|||||||||
Total securities borrowed
|
119
|
51
|
42.33 %
|
101
|
23
|
23.03 %
|
111
|
16
|
14.57 %
|
|||||||||
Interest-earning financial assets at fair value through profit or loss:4
|
||||||||||||||||||
In German offices
|
58,722
|
477
|
0.81 %
|
48,855
|
321
|
0.66 %
|
39,225
|
373
|
0.95 %
|
|||||||||
In Non-German offices
|
146,147
|
3,852
|
2.64 %
|
157,248
|
2,656
|
1.69 %
|
166,474
|
3,341
|
2.01 %
|
|||||||||
Total interest-earning financial assets at fair value through profit or loss
|
204,869
|
4,328
|
2.11 %
|
206,103
|
2,977
|
1.44 %
|
205,698
|
3,714
|
1.81 %
|
|||||||||
Financial assets at fair value through OCI:4
|
||||||||||||||||||
In German offices
|
3,043
|
38
|
1.25 %
|
3,080
|
6
|
0.18 %
|
4,292
|
8
|
0.19 %
|
|||||||||
In Non-German offices
|
29,781
|
761
|
2.56 %
|
35,526
|
497
|
1.40 %
|
44,391
|
628
|
1.42 %
|
|||||||||
Total financial assets at fair value through OCI
|
32,825
|
799
|
2.43 %
|
38,606
|
502
|
1.30 %
|
48,683
|
637
|
1.31 %
|
|||||||||
Loans at amortized cost:3,4
|
||||||||||||||||||
In German offices
|
260,928
|
5,446
|
2.09 %
|
245,221
|
5,176
|
2.11 %
|
232,312
|
5,241
|
2.26 %
|
|||||||||
In Non-German offices
|
232,658
|
8,793
|
3.78 %
|
201,300
|
5,474
|
2.72 %
|
205,374
|
6,345
|
3.09 %
|
|||||||||
Total loans
|
493,587
|
14,239
|
2.88 %
|
446,521
|
10,650
|
2.39 %
|
437,686
|
11,586
|
2.65 %
|
|||||||||
Total other interest-earning assets4
|
74,242
|
1,005
|
1.35 %
|
58,178
|
493
|
0.85 %
|
76,096
|
218
|
0.29 %
|
|||||||||
Total interest-earning assets
|
987,124
|
23,030
|
2.33 %
|
938,269
|
14,769
|
1.57 %
|
920,259
|
16,887
|
1.83 %
|
|||||||||
Cash and due from banks
|
18,515
|
17,939
|
21,477
|
|||||||||||||||
Noninterest-earning financial assets at fair value through profit or loss:
|
||||||||||||||||||
In German offices
|
153,294
|
159,417
|
212,204
|
|||||||||||||||
In Non-German offices
|
170,096
|
137,555
|
164,528
|
|||||||||||||||
All other assets
|
88,383
|
96,307
|
90,771
|
|||||||||||||||
Allowance for credit losses
|
(5,029)
|
(4,905)
|
(4,681)
|
|||||||||||||||
Total assets
|
1,412,384
|
1,344,581
|
1,404,557
|
|||||||||||||||
% of assets attributable to Non-German offices
|
49 %
|
56 %
|
57 %
|
|||||||||||||||
|
S-1
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Average balance sheet and interest expense
|
2022
|
2021
|
2020
|
|||||||||||||||
in € m.(unless stated otherwise)
|
Averagebalance
|
Interest
|
Averageyield/rate
|
Averagebalance
|
Interest
|
Averageyield/rate
|
Averagebalance
|
Interest
|
Averageyield/rate
|
|||||||||
Liabilities and equity:1
|
||||||||||||||||||
Interest-bearing deposits:4
|
||||||||||||||||||
In German offices:
|
||||||||||||||||||
Time deposits
|
80,142
|
995
|
1.24 %
|
67,256
|
355
|
0.53 %
|
79,905
|
469
|
0.59 %
|
|||||||||
Savings deposits
|
85,360
|
254
|
0.30 %
|
85,372
|
329
|
0.39 %
|
84,507
|
358
|
0.42 %
|
|||||||||
Demand deposits
|
70,200
|
(83)
|
(0.12) %
|
77,993
|
(394)
|
(0.51) %
|
67,098
|
(134)
|
(0.20) %
|
|||||||||
Total in German offices
|
235,702
|
1,165
|
0.49 %
|
230,621
|
289
|
0.13 %
|
231,510
|
693
|
0.30 %
|
|||||||||
In Non-German offices:
|
||||||||||||||||||
Time deposits
|
55,530
|
1,488
|
2.68 %
|
39,570
|
468
|
1.18 %
|
40,661
|
766
|
1.88 %
|
|||||||||
Savings deposits
|
1,823
|
49
|
2.70 %
|
1,621
|
21
|
1.30 %
|
1,226
|
22
|
1.76 %
|
|||||||||
Demand deposits
|
91,542
|
619
|
0.68 %
|
86,777
|
231
|
0.27 %
|
78,487
|
348
|
0.44 %
|
|||||||||
Total in Non-German offices
|
148,895
|
2,157
|
1.45 %
|
127,969
|
720
|
0.56 %
|
120,374
|
1,135
|
0.94 %
|
|||||||||
Total interest-bearing deposits
|
384,598
|
3,322
|
0.86 %
|
358,590
|
1,009
|
0.28 %
|
351,884
|
1,828
|
0.52 %
|
|||||||||
Central bank funds purchased:5
|
||||||||||||||||||
In German offices
|
0
|
0
|
0.00 %
|
0
|
0
|
0.00 %
|
1,903
|
8
|
0.40 %
|
|||||||||
In Non-German offices
|
0
|
12
|
0.00 %
|
8
|
0
|
0.00 %
|
442
|
0
|
0.06 %
|
|||||||||
Total central bank funds purchased
|
0
|
12
|
0.00 %
|
8
|
0
|
0.00 %
|
2,345
|
8
|
0.34 %
|
|||||||||
Securities sold under repurchase agreements:4,5
|
||||||||||||||||||
In German offices
|
274
|
97
|
35.24 %
|
113
|
43
|
38.03 %
|
835
|
32
|
3.78 %
|
|||||||||
In Non-German offices
|
808
|
195
|
24.14 %
|
2,237
|
105
|
4.70 %
|
2,532
|
129
|
5.10 %
|
|||||||||
Total securities sold under repurchase agreements
|
1,082
|
292
|
26.95 %
|
2,350
|
148
|
6.30 %
|
3,366
|
161
|
4.78 %
|
|||||||||
Securities loaned:4
|
||||||||||||||||||
In German offices
|
1
|
0
|
(4.76) %
|
0
|
7
|
N/M
|
52
|
5
|
9.24 %
|
|||||||||
In Non-German offices
|
16
|
14
|
87.36 %
|
1,027
|
33
|
3.19 %
|
822
|
(1)
|
(0.13) %
|
|||||||||
Total securities loaned
|
17
|
14
|
82.39 %
|
1,027
|
39
|
3.85 %
|
874
|
4
|
0.43 %
|
|||||||||
Interest-bearing financial liabilities at fair value through profit or loss:4
|
||||||||||||||||||
In German offices
|
39,620
|
529
|
1.34 %
|
32,045
|
319
|
1.00 %
|
20,758
|
226
|
1.09 %
|
|||||||||
In Non-German offices
|
87,295
|
1,939
|
2.22 %
|
85,881
|
904
|
1.05 %
|
83,963
|
1,265
|
1.51 %
|
|||||||||
Total interest-bearing financial liabilities at fair value through profit or loss
|
126,914
|
2,468
|
1.94 %
|
117,926
|
1,223
|
1.04 %
|
104,721
|
1,490
|
1.42 %
|
|||||||||
Commercial paper:5
|
||||||||||||||||||
In German offices
|
1,286
|
8
|
0.64 %
|
602
|
0
|
(0.01) %
|
69
|
0
|
0.09 %
|
|||||||||
In Non-German offices
|
531
|
6
|
1.15 %
|
1,168
|
9
|
0.81 %
|
1,540
|
18
|
1.17 %
|
|||||||||
Total commercial paper
|
1,817
|
14
|
0.79 %
|
1,770
|
9
|
0.53 %
|
1,609
|
18
|
1.12 %
|
|||||||||
Other short-term borrowings:4
|
||||||||||||||||||
In German offices
|
713
|
13
|
1.83 %
|
675
|
21
|
3.08 %
|
505
|
8
|
1.59 %
|
|||||||||
In Non-German offices
|
2,398
|
83
|
3.48 %
|
1,414
|
38
|
2.68 %
|
2,334
|
33
|
1.41 %
|
|||||||||
Total other short-term borrowings
|
3,111
|
97
|
3.10 %
|
2,089
|
59
|
2.81 %
|
2,839
|
41
|
1.44 %
|
|||||||||
Long-term debt and trust preferred securities:4
|
||||||||||||||||||
In German offices
|
104,507
|
1,213
|
1.16 %
|
107,416
|
417
|
0.39 %
|
97,060
|
877
|
0.90 %
|
|||||||||
In Non-German offices
|
39,427
|
876
|
2.22 %
|
41,130
|
561
|
1.37 %
|
48,435
|
639
|
1.32 %
|
|||||||||
Total long-term debt and trust preferred securities
|
143,934
|
2,090
|
1.45 %
|
148,546
|
978
|
0.66 %
|
145,496
|
1,517
|
1.04 %
|
|||||||||
Total other interest-bearing liabilities4
|
65,793
|
739
|
1.12 %
|
58,436
|
186
|
0.32 %
|
72,638
|
272
|
0.37 %
|
|||||||||
Total interest-bearing liabilities
|
727,265
|
9,047
|
1.24 %
|
690,742
|
3,652
|
0.53 %
|
685,772
|
5,338
|
0.78 %
|
|||||||||
|
S-2
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Average balance sheet and interest expense
|
2022
|
2021
|
2020
|
|||||||||||||||
in € m.(unless stated otherwise)
|
Averagebalance
|
Interest
|
Averageyield/rate
|
Averagebalance
|
Interest
|
Averageyield/rate
|
Averagebalance
|
Interest
|
Averageyield/rate
|
|||||||||
Noninterest-bearing deposits:
|
||||||||||||||||||
In German offices
|
205,775
|
193,115
|
193,022
|
|||||||||||||||
In Non-German offices
|
32,361
|
29,900
|
24,570
|
|||||||||||||||
Noninterest-bearing financial liabilities at fair value through profit or loss:
|
||||||||||||||||||
In German offices
|
135,751
|
151,743
|
197,946
|
|||||||||||||||
In Non-German offices
|
171,287
|
130,709
|
161,446
|
|||||||||||||||
All other noninterest-bearing liabilities
|
70,097
|
83,425
|
79,220
|
|||||||||||||||
Total shareholders’ equity
|
60,109
|
56,537
|
55,302
|
|||||||||||||||
Additional equity components
|
7,944
|
6,779
|
5,644
|
|||||||||||||||
Noncontrolling interests
|
1,795
|
1,630
|
1,634
|
|||||||||||||||
Total equity
|
69,848
|
64,947
|
62,580
|
|||||||||||||||
Total liabilities and equity
|
1,412,384
|
1,344,581
|
1,404,557
|
|||||||||||||||
% of liabilities attributable to Non-German offices
|
42 %
|
40 %
|
41 %
|
|||||||||||||||
Rate spread
|
1.09 %
|
1.05 %
|
1.06 %
|
|||||||||||||||
Net interest margin (Net interest income tototal interest-earning assets):
|
||||||||||||||||||
In German offices
|
0.85 %
|
1.03 %
|
1.06 %
|
|||||||||||||||
In Non-German offices
|
1.87 %
|
1.30 %
|
1.37 %
|
|||||||||||||||
Total
|
1.42 %
|
1.18 %
|
1.25 %
|
|||||||||||||||
2022 over 2021 due to changes in¹
|
2021 over 2020 due to changes in¹
|
|||||||||||
in € m.
|
Netchange
|
Volume
|
Rate
|
Netchange
|
Volume
|
Rate
|
||||||
Interest and similar income:
|
||||||||||||
Interest-earning deposits with banks:
|
||||||||||||
German offices
|
603
|
37
|
567
|
(338)
|
(9)
|
(329)
|
||||||
Non-German offices
|
1,650
|
9
|
1,641
|
(219)
|
43
|
(262)
|
||||||
Total interest-earning deposits with banks
|
2,253
|
46
|
2,207
|
(557)
|
34
|
(591)
|
||||||
Central bank funds sold:
|
||||||||||||
German offices
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||
Non-German offices
|
0
|
0
|
0
|
(1)
|
0
|
(1)
|
||||||
Total central bank funds sold
|
0
|
0
|
0
|
(1)
|
0
|
(1)
|
||||||
Securities purchased under resale agreements:
|
||||||||||||
German offices
|
70
|
15
|
55
|
19
|
(5)
|
24
|
||||||
Non-German offices
|
161
|
(1)
|
162
|
(54)
|
(4)
|
(50)
|
||||||
Total securities purchased under resale agreements
|
231
|
14
|
217
|
(35)
|
(9)
|
(26)
|
||||||
Securities borrowed:
|
||||||||||||
German offices
|
(2)
|
1
|
(3)
|
(8)
|
3
|
(10)
|
||||||
Non-German offices
|
29
|
29
|
0
|
15
|
(9)
|
23
|
||||||
Total securities borrowed
|
27
|
29
|
(2)
|
7
|
(6)
|
13
|
||||||
Financial assets at fair value through profit or loss:
|
||||||||||||
German offices
|
156
|
72
|
84
|
(52)
|
79
|
(131)
|
||||||
Non-German offices
|
1,196
|
(199)
|
1,395
|
(685)
|
(178)
|
(507)
|
||||||
Total financial assets at fair value through profit or loss
|
1,351
|
(127)
|
1,479
|
(737)
|
(98)
|
(639)
|
||||||
Financial assets at fair value through OCI:
|
||||||||||||
German offices
|
32
|
N/A
|
33
|
(3)
|
(2)
|
N/A
|
||||||
Non-German offices
|
264
|
(91)
|
356
|
(132)
|
(124)
|
(8)
|
||||||
Total financial assets at fair value through OCI
|
297
|
(91)
|
388
|
(134)
|
(126)
|
(8)
|
||||||
Loans at amortized cost:
|
||||||||||||
German offices
|
270
|
328
|
(58)
|
(66)
|
283
|
(348)
|
||||||
Non-German offices
|
3,318
|
948
|
2,371
|
(870)
|
(124)
|
(747)
|
||||||
Total loans
|
3,589
|
1,276
|
2,313
|
(936)
|
159
|
(1,095)
|
||||||
Other interest-earning assets
|
512
|
288
|
224
|
275
|
(24)
|
300
|
||||||
Total interest and similar income
|
8,260
|
1,435
|
6,825
|
(2,117)
|
(72)
|
(2,045)
|
||||||
Interest expense:
|
||||||||||||
Interest-bearing deposits:
|
||||||||||||
German offices
|
876
|
7
|
869
|
(404)
|
(3)
|
(401)
|
||||||
Non-German offices
|
1,437
|
135
|
1,302
|
(415)
|
68
|
(483)
|
||||||
Total interest-bearing deposits
|
2,313
|
142
|
2,171
|
(819)
|
65
|
(884)
|
||||||
Central bank funds purchased:
|
||||||||||||
German offices
|
0
|
0
|
0
|
(8)
|
(4)
|
(4)
|
||||||
Non-German offices
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||
Total central bank funds purchasedagreements
|
0
|
0
|
0
|
(8)
|
(4)
|
(4)
|
||||||
Securities sold under repurchase agreements:
|
||||||||||||
German offices
|
54
|
57
|
(3)
|
11
|
(49)
|
60
|
||||||
Non-German offices
|
90
|
(104)
|
194
|
(24)
|
(14)
|
(10)
|
||||||
Total securities sold under repurchaseagreements
|
143
|
(47)
|
191
|
(13)
|
(63)
|
51
|
||||||
Securities loaned:
|
||||||||||||
German offices
|
(7)
|
(7)
|
0
|
2
|
0
|
2
|
||||||
Non-German offices
|
(19)
|
(63)
|
44
|
34
|
0
|
34
|
||||||
Total securities loaned
|
(26)
|
(70)
|
44
|
36
|
0
|
36
|
||||||
Financial liabilities at fair value through profit or loss:
|
||||||||||||
German offices
|
210
|
86
|
124
|
93
|
114
|
(20)
|
||||||
Non-German offices
|
1,035
|
15
|
1,020
|
(361)
|
28
|
(389)
|
||||||
Total financial liabilities at fair value through profit or loss
|
1,245
|
101
|
1,144
|
(267)
|
142
|
(410)
|
||||||
Commercial paper:
|
||||||||||||
German offices
|
8
|
0
|
8
|
0
|
0
|
0
|
||||||
Non-German offices
|
(3)
|
(6)
|
3
|
(9)
|
(4)
|
(5)
|
||||||
Total commercial paper
|
5
|
(6)
|
11
|
(9)
|
(4)
|
(5)
|
||||||
Other short-term borrowings:
|
||||||||||||
German offices
|
(8)
|
1
|
(9)
|
13
|
3
|
9
|
||||||
Non-German offices
|
45
|
32
|
14
|
5
|
(16)
|
22
|
||||||
Total other short-term borrowings
|
38
|
33
|
5
|
18
|
(13)
|
31
|
||||||
Long-term debt and trust preferred securities:
|
||||||||||||
German offices
|
797
|
(12)
|
808
|
(461)
|
85
|
(546)
|
||||||
Non-German offices
|
315
|
(24)
|
339
|
(78)
|
(99)
|
21
|
||||||
Total long-term debt and trust preferred securities
|
1,111
|
(36)
|
1,147
|
(539)
|
(14)
|
(525)
|
||||||
Other interest-bearing liabilities
|
552
|
28
|
524
|
(86)
|
12
|
(98)
|
||||||
Total interest expense
|
5,382
|
144
|
5,238
|
(1,686)
|
121
|
(1,807)
|
||||||
Net change in net interest income
|
2,878
|
1,290
|
1,587
|
(431)
|
(193)
|
(238)
|
||||||
|
S-3
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Up to one year
|
More than one yearand up to five years
|
More than five yearsand up to ten years
|
More than ten years
|
Total
|
||||||||||||||||
in € m.
|
Amount
|
Yield
|
Amount
|
Yield
|
Amount
|
Yield
|
Amount
|
Yield
|
Amount
|
Yield
|
||||||||||
German government
|
630
|
1.5 %
|
274
|
3.4 %
|
241
|
(0.1) %
|
87
|
0.9 %
|
1,232
|
1.5 %
|
||||||||||
U.S. Treasury and U.S.government agencies
|
4,020
|
1.7 %
|
9,950
|
2.2 %
|
9,713
|
1.3 %
|
739
|
2.2 %
|
24,422
|
1.7 %
|
||||||||||
U.S. local (municipal)governments
|
9
|
5.1 %
|
50
|
5.1 %
|
54
|
5.0 %
|
462
|
8.3 %
|
575
|
7.4 %
|
||||||||||
Other foreigngovernments
|
2,914
|
3.2 %
|
4,818
|
3.2 %
|
7,428
|
1.2 %
|
1,188
|
1.6 %
|
16,347
|
2.1 %
|
||||||||||
Corporates
|
121
|
4.0 %
|
438
|
5.0 %
|
390
|
4.5 %
|
863
|
4.5 %
|
1,812
|
4.6 %
|
||||||||||
Other asset-backedsecurities
|
0
|
0.0 %
|
152
|
1.3 %
|
0
|
0.0 %
|
145
|
0.8 %
|
298
|
1.1 %
|
||||||||||
Mortgage-backedsecurities, includingobligations of U.S.federal agencies
|
1,769
|
5.0 %
|
520
|
4.0 %
|
18
|
3.7 %
|
468
|
3.7 %
|
2,775
|
4.6 %
|
||||||||||
Other debt securities
|
405
|
6.1 %
|
1,155
|
2.8 %
|
691
|
1.6 %
|
1,335
|
2.3 %
|
3,586
|
2.7 %
|
||||||||||
|
S-4
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Dec 31, 2022in € m.
|
Within 1 year
|
After 1 butwithin 5 years
|
After 5 butwithin 15 years
|
After 15 years
|
Total
|
||||||
German:
|
|||||||||||
Agriculture, forestry and fishing
|
61
|
28
|
96
|
53
|
239
|
||||||
Mining and quarrying
|
49
|
25
|
59
|
1
|
134
|
||||||
Manufacturing
|
6,705
|
3,444
|
1,527
|
239
|
11,915
|
||||||
Electricity, gas, steam and air conditioning supply
|
255
|
358
|
661
|
145
|
1,419
|
||||||
Water supply, sewerage, waste management and remediation activities
|
114
|
122
|
153
|
42
|
431
|
||||||
Construction
|
400
|
264
|
443
|
391
|
1,498
|
||||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
4,626
|
1,670
|
952
|
458
|
7,705
|
||||||
Transport and storage
|
432
|
494
|
303
|
57
|
1,286
|
||||||
Accommodation and food service activities
|
33
|
326
|
293
|
155
|
808
|
||||||
Information and communication
|
459
|
545
|
146
|
182
|
1,331
|
||||||
Financial and insurance activities
|
3,657
|
4,296
|
2,609
|
1,015
|
11,578
|
||||||
Real estate activities
|
2,017
|
2,637
|
3,733
|
4,335
|
12,722
|
||||||
Professional, scientific and technical activities
|
742
|
810
|
1,753
|
1,327
|
4,633
|
||||||
Administrative and support service activities
|
459
|
109
|
697
|
379
|
1,645
|
||||||
Public administration and defense, compulsory social security
|
1,496
|
218
|
125
|
8
|
1,846
|
||||||
Education
|
11
|
18
|
49
|
37
|
116
|
||||||
Human health services and social work activities
|
291
|
555
|
1,332
|
735
|
2,913
|
||||||
Arts, entertainment and recreation
|
56
|
81
|
86
|
144
|
367
|
||||||
Other service activities
|
1,407
|
757
|
519
|
336
|
3,019
|
||||||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
6,767
|
12,119
|
45,545
|
113,093
|
177,523
|
||||||
Activities of extraterritorial organizations and bodies
|
0
|
0
|
0
|
0
|
0
|
||||||
Total German
|
30,037
|
28,876
|
61,081
|
123,133
|
243,127
|
||||||
Non-German:
|
|||||||||||
Agriculture, forestry and fishing
|
113
|
120
|
47
|
6
|
287
|
||||||
Mining and quarrying
|
1,112
|
870
|
560
|
3
|
2,545
|
||||||
Manufacturing
|
13,565
|
5,197
|
1,618
|
51
|
20,431
|
||||||
Electricity, gas, steam and air conditioning supply
|
1,048
|
1,479
|
1,149
|
8
|
3,684
|
||||||
Water supply, sewerage, waste management and remediation activities
|
89
|
192
|
11
|
1
|
293
|
||||||
Construction
|
1,148
|
1,467
|
271
|
108
|
2,993
|
||||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
11,003
|
2,460
|
855
|
576
|
14,894
|
||||||
Transport and storage
|
1,272
|
2,488
|
969
|
36
|
4,766
|
||||||
Accommodation and food service activities
|
252
|
628
|
249
|
36
|
1,164
|
||||||
Information and communication
|
3,117
|
2,843
|
387
|
105
|
6,452
|
||||||
Financial and insurance activities
|
41,870
|
58,031
|
8,600
|
1,253
|
109,754
|
||||||
Real estate activities
|
14,658
|
19,003
|
3,080
|
208
|
36,948
|
||||||
Professional, scientific and technical activities
|
1,100
|
815
|
352
|
236
|
2,503
|
||||||
Administrative and support service activities
|
2,092
|
3,412
|
735
|
34
|
6,272
|
||||||
Public administration and defense, compulsory social security
|
1,086
|
1,113
|
1,931
|
1
|
4,131
|
||||||
Education
|
43
|
48
|
28
|
15
|
133
|
||||||
Human health services and social work activities
|
122
|
1,179
|
123
|
216
|
1,640
|
||||||
Arts, entertainment and recreation
|
66
|
659
|
72
|
15
|
813
|
||||||
Other service activities
|
787
|
1,152
|
608
|
211
|
2,759
|
||||||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
15,033
|
9,570
|
9,165
|
9,808
|
43,576
|
||||||
Activities of extraterritorial organizations and bodies
|
0
|
0
|
0
|
0
|
1
|
||||||
Total Non-German
|
109,575
|
112,725
|
30,811
|
12,928
|
266,038
|
||||||
Gross loans
|
139,612
|
141,601
|
91,892
|
136,061
|
509,165
|
||||||
(Deferred expense)/unearned income
|
(108)
|
(377)
|
208
|
407
|
131
|
||||||
Loans less (deferred expense)/unearned income
|
139,720
|
141,977
|
91,683
|
135,654
|
509,034
|
||||||
|
S-5
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Dec 31,2022in € m.
|
Within 1 years
|
After one butwithin 5 years
|
After 5 butwithin 15 years
|
After 15 years
|
Total
|
|||||
Fixed rate loans
|
46,043
|
37,789
|
68,650
|
124,128
|
276,610
|
|||||
Floating or adjustable rate loans
|
93,569
|
103,811
|
23,241
|
11,933
|
232,555
|
|||||
Total
|
139,612
|
141,601
|
91,892
|
136,061
|
509,165
|
|||||
Dec 31, 2022
|
||||||||||
in € m.
|
Loans at amotized cost (Gross carrying Amount)
|
Allowance for credit losses
|
Net Charge Offs
|
Allowance for credit losses to total loans at amortized cost at end of period (%) ¹
|
Net charge-offs during the period to average loans at amotized cost outstanding during the period (%)
|
|||||
Agriculture, forestry and fishing
|
524
|
10
|
1
|
1.84%
|
0.18%
|
|||||
Mining and quarrying
|
2,392
|
32
|
24
|
1.32%
|
0.87%
|
|||||
Manufacturing
|
30,534
|
618
|
62
|
2.02%
|
0.19%
|
|||||
Electricity, gas, steam and air conditioning supply
|
4,893
|
42
|
0
|
0.85%
|
0.00%
|
|||||
Water supply, sewerage, waste management and remediation activities
|
725
|
8
|
0
|
1.06%
|
0.02%
|
|||||
Construction
|
4,239
|
114
|
103
|
2.70%
|
2.25%
|
|||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
21,535
|
436
|
18
|
2.02%
|
0.08%
|
|||||
Transport and storage
|
5,547
|
52
|
8
|
0.93%
|
0.15%
|
|||||
Accommodation and food service activities
|
1,965
|
66
|
4
|
3.37%
|
0.16%
|
|||||
Information and communication
|
7,002
|
120
|
5
|
1.72%
|
0.08%
|
|||||
Financial and insurance activities
|
116,190
|
711
|
27
|
0.61%
|
0.02%
|
|||||
Real estate activities
|
48,380
|
236
|
66
|
0.49%
|
0.15%
|
|||||
Professional, scientific and technical activities
|
7,013
|
87
|
23
|
1.25%
|
0.33%
|
|||||
Administrative and support service activities
|
7,429
|
121
|
38
|
1.62%
|
0.45%
|
|||||
Public administration and defense, compulsory social security
|
5,287
|
13
|
0
|
0.24%
|
0.00%
|
|||||
Education
|
249
|
3
|
0
|
1.11%
|
0.15%
|
|||||
Human health services and social work activities
|
4,523
|
26
|
5
|
0.57%
|
0.12%
|
|||||
Arts, entertainment and recreation
|
1,128
|
9
|
0
|
0.82%
|
0.02%
|
|||||
Other service activities
|
4,152
|
83
|
24
|
1.99%
|
0.50%
|
|||||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
214,795
|
2,005
|
562
|
0.93%
|
0.26%
|
|||||
Activities of extraterritorial organizations and bodies
|
1
|
0
|
0
|
0.70%
|
22.98%
|
|||||
Total
|
488,504
|
4,790
|
971
|
0.98%
|
0.20%
|
|||||
|
S-6
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Dec 31, 2021
|
||||||||||
in € m.
|
Loans at amotized cost (Gross carrying Amount)
|
Allowance for credit losses
|
Net Charge Offs
|
Allowance for credit losses to total loans at amortized cost at end of period (%) ¹
|
Net charge-offs during the period to average loans at amotized cost outstanding during the period (%)
|
|||||
Agriculture, forestry and fishing
|
645
|
12
|
1
|
1.91%
|
0.22%
|
|||||
Mining and quarrying
|
2,783
|
17
|
16
|
0.60%
|
0.64%
|
|||||
Manufacturing
|
35,404
|
543
|
46
|
1.53%
|
0.17%
|
|||||
Electricity, gas, steam and air conditioning supply
|
4,548
|
45
|
(0)
|
0.99%
|
(0.00%)
|
|||||
Water supply, sewerage, waste management and remediation activities
|
681
|
11
|
1
|
1.54%
|
0.08%
|
|||||
Construction
|
4,374
|
200
|
14
|
4.56%
|
0.32%
|
|||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
21,285
|
432
|
160
|
2.03%
|
0.78%
|
|||||
Transport and storage
|
5,330
|
75
|
24
|
1.40%
|
0.45%
|
|||||
Accommodation and food service activities
|
2,259
|
73
|
1
|
3.22%
|
0.04%
|
|||||
Information and communication
|
6,363
|
111
|
0
|
1.75%
|
0.01%
|
|||||
Financial and insurance activities
|
106,343
|
430
|
19
|
0.40%
|
0.02%
|
|||||
Real estate activities
|
40,629
|
188
|
7
|
0.46%
|
0.02%
|
|||||
Professional, scientific and technical activities
|
6,959
|
104
|
14
|
1.49%
|
0.19%
|
|||||
Administrative and support service activities
|
9,759
|
167
|
7
|
1.71%
|
0.07%
|
|||||
Public administration and defense, compulsory social security
|
6,183
|
18
|
(0)
|
0.30%
|
(0.00%)
|
|||||
Education
|
225
|
3
|
0
|
1.18%
|
0.08%
|
|||||
Human health services and social work activities
|
3,869
|
28
|
1
|
0.73%
|
0.03%
|
|||||
Arts, entertainment and recreation
|
1,062
|
8
|
(1)
|
0.74%
|
(0.06%)
|
|||||
Other service activities
|
4,941
|
100
|
(10)
|
2.02%
|
(0.19%)
|
|||||
Activities of households as employers, undifferentiated goods- and services- producing activities of households for own use
|
212,434
|
2,190
|
189
|
1.03%
|
0.09%
|
|||||
Activities of extraterritorial organizations and bodies
|
1
|
1
|
0
|
64.65%
|
0.00%
|
|||||
Total
|
476,077
|
4,754
|
488
|
1.00%
|
0.11%
|
|||||
|
S-7
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Dec 31, 2020
|
||||||||||
in € m.
|
Loans at amotized cost (Gross carrying Amount)
|
Allowance for credit losses
|
Net Charge Offs
|
Allowance for credit losses to total loans at amortized cost at end of period (%) ¹
|
Net charge-offs during the period to average loans at amotized cost outstanding during the period (%)
|
|||||
Agriculture, forestry and fishing
|
637
|
14
|
0
|
2.20%
|
0.04%
|
|||||
Mining and quarrying
|
2,871
|
106
|
20
|
3.70%
|
0.68%
|
|||||
Manufacturing
|
26,050
|
556
|
107
|
2.14%
|
0.41%
|
|||||
Electricity, gas, steam and air conditioning supply
|
3,419
|
40
|
(0)
|
1.16%
|
(0.01%)
|
|||||
Water supply, sewerage, waste management and remediation activities
|
681
|
12
|
0
|
1.70%
|
0.02%
|
|||||
Construction
|
4,440
|
212
|
23
|
4.77%
|
0.51%
|
|||||
Wholesale and retail trade, repair of motor vehicles and motorcycles
|
20,697
|
557
|
37
|
2.69%
|
0.18%
|
|||||
Transport and storage
|
5,575
|
108
|
8
|
1.94%
|
0.15%
|
|||||
Accommodation and food service activities
|
2,427
|
35
|
11
|
1.44%
|
0.44%
|
|||||
Information and communication
|
5,525
|
110
|
2
|
2.00%
|
0.03%
|
|||||
Financial and insurance activities
|
84,770
|
389
|
164
|
0.46%
|
0.19%
|
|||||
Real estate activities
|
41,796
|
188
|
50
|
0.45%
|
0.12%
|
|||||
Professional, scientific and technical activities
|
7,707
|
121
|
7
|
1.57%
|
0.09%
|
|||||
Administrative and support service activities
|
9,112
|
125
|
16
|
1.37%
|
0.18%
|
|||||
Public administration and defense, compulsory social security
|
6,139
|
22
|
(0)
|
0.36%
|
(0.00%)
|
|||||
Education
|
205
|
2
|
0
|
0.89%
|
0.24%
|
|||||
Human health services and social work activities
|
3,436
|
17
|
1
|
0.50%
|
0.03%
|
|||||
Arts, entertainment and recreation
|
929
|
7
|
10
|
0.79%
|
1.12%
|
|||||
Other service activities
|
4,696
|
75
|
1
|
1.59%
|
0.01%
|
|||||
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
|
200,694
|
2,110
|
266
|
1.05%
|
0.13%
|
|||||
Activities of extraterritorial organizations and bodies
|
1
|
1
|
0
|
54.52%
|
0.00%
|
|||||
Total
|
431,807
|
4,808
|
723
|
1.11%
|
0.17%
|
|||||
Dec 31, 2022
|
||||||||||||||
in € m.(unless stated otherwise)
|
Banks andother financialinstitutions
|
Governmentsand Officialinstitutions
|
Other1
|
Commit-ments
|
Net localcountry claim
|
Total
|
in %
|
|||||||
USA
|
5,083
|
48,556
|
88,193
|
6,739
|
139,166
|
287,737
|
21.52
|
|||||||
Italy
|
4,289
|
25,442
|
12,564
|
1,690
|
24,764
|
68,749
|
5.14
|
|||||||
Great Britain
|
3,326
|
23,051
|
19,479
|
9,275
|
12,546
|
67,677
|
5.06
|
|||||||
Luxembourg
|
8,364
|
4,031
|
28,642
|
3,977
|
5,982
|
50,997
|
3.81
|
|||||||
France
|
2,480
|
12,338
|
17,181
|
7,559
|
2,673
|
42,231
|
3.16
|
|||||||
Spain
|
2,209
|
10,205
|
8,496
|
1,954
|
−
|
22,864
|
1.71
|
|||||||
Ireland
|
343
|
3,415
|
14,257
|
2,452
|
−
|
20,467
|
1.53
|
|||||||
Switzerland
|
1,020
|
3,828
|
7,325
|
5,698
|
1,146
|
19,017
|
1.42
|
|||||||
Netherlands
|
1,109
|
2,829
|
6,091
|
5,436
|
−
|
15,465
|
1.16
|
|||||||
Belgium
|
1,034
|
5,362
|
2,888
|
1,101
|
−
|
10,385
|
0.78
|
|||||||
|
S-8
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
Dec 31, 2021
|
||||||||||||||
in € m.(unless stated otherwise)
|
Banks andother financialinstitutions
|
Governmentsand Officialinstitutions
|
Other1
|
Commit-ments
|
Net localcountry claim
|
Total
|
in %
|
|||||||
USA
|
5,246
|
32,696
|
85,922
|
7,863
|
133,783
|
265,510
|
20.05
|
|||||||
Great Britain
|
3,056
|
21,943
|
16,152
|
6,478
|
22,610
|
70,239
|
5.31
|
|||||||
Luxembourg
|
8,167
|
4,142
|
28,865
|
3,889
|
7,911
|
52,974
|
4.00
|
|||||||
Italy
|
2,535
|
11,904
|
10,266
|
1,547
|
23,435
|
49,687
|
3.75
|
|||||||
France
|
2,865
|
15,147
|
19,620
|
7,212
|
2,542
|
47,386
|
3.58
|
|||||||
Spain
|
1,934
|
16,311
|
10,688
|
1,786
|
−
|
30,719
|
2.32
|
|||||||
Switzerland
|
1,477
|
3,784
|
13,403
|
4,733
|
1,185
|
24,582
|
1.86
|
|||||||
Ireland
|
208
|
2,887
|
12,785
|
2,177
|
−
|
18,057
|
1.36
|
|||||||
Netherlands
|
927
|
3,115
|
6,459
|
4,662
|
−
|
15,163
|
1.15
|
|||||||
Belgium
|
1,202
|
5,219
|
2,865
|
1,647
|
−
|
10,933
|
0.83
|
|||||||
Dec 31, 2020
|
||||||||||||||
in € m.(unless stated otherwise)
|
Banks andother financialinstitutions
|
Governmentsand Officialinstitutions
|
Other1
|
Commit-ments
|
Net localcountry claim
|
Total
|
in %
|
|||||||
United States
|
4,962
|
30,094
|
73,257
|
5,761
|
109,188
|
223,262
|
16.85
|
|||||||
Great Britain
|
3,576
|
20,387
|
13,243
|
5,854
|
33,159
|
76,219
|
5.75
|
|||||||
France
|
2,951
|
18,369
|
21,550
|
6,173
|
3,420
|
52,463
|
3.96
|
|||||||
Italy
|
1,796
|
14,286
|
9,687
|
1,072
|
22,742
|
49,583
|
3.74
|
|||||||
Luxembourg
|
7,979
|
4,732
|
28,323
|
2,867
|
5,535
|
49,436
|
3.73
|
|||||||
Spain
|
1,796
|
10,308
|
13,090
|
2,920
|
−
|
28,114
|
2.12
|
|||||||
Netherlands
|
1,137
|
2,814
|
9,246
|
5,567
|
−
|
18,765
|
1.42
|
|||||||
Switzerland
|
1,596
|
3,885
|
6,294
|
4,898
|
1,070
|
17,743
|
1.34
|
|||||||
Ireland
|
272
|
2,481
|
12,508
|
1,288
|
−
|
16,548
|
1.25
|
|||||||
Belgium
|
1,090
|
5,171
|
3,705
|
1,599
|
−
|
11,565
|
0.87
|
|||||||
|
S-9
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
in € m.
|
Dec 31, 2022
|
||
U.S. time deposits in excess of FDIC insurance limit or similar state deposit insurance regimes
|
0
|
||
Time deposits that are otherwise uninsured, by maturity
|
|||
3 months or less
|
22,245
|
||
over 3 months to 6 months
|
13,846
|
||
over 6 months to 12 months
|
12,149
|
||
over 12 months
|
18,185
|
||
Total Time deposits that are otherwise uninsured
|
66,425
|
||
Total Uninsured time deposits
|
66,425
|
||
|
S-10
|
Deutsche Bank
|
||
Annual Report 2022 on Form 20-F
|
||
|
S-11
|