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Deutsche Bank Stock DBK.DE

Deutsche Bank AG · IR documents · Reporting currency EUR · Quarterly reporting · Figures as of Q2 2026 · updated 2026-10-10 · ISIN DE0005140008

Deutsche Bank stock (DBK.DE): Quarterly and annual results since 2023 from Quarterly Report and IR documents: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 08/2026, quarterly reporting. Stock analysis by NadirAlpha. Revenue Q2 2026: EUR 8.5 billion (+9% year on year). Latest reported (Q2 2026): Leverage ratio, Cost/income ratio, Common Equity Tier 1 capital ratio. Latest reading: Revenue accelerating, Divestiture, Net income turned positive.

Revenue accelerating strategy: Divestiture Net income turned positive ◦

NadirAlpha editorial team · About us · Methodology

The new quarter, monitored by AI. · NadirAlpha follows every stock through its original filings: the latest figures against their history, guidance against actuals; neutral, continuously updated, every figure clickable with its source.
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
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Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.
Verify yourselfFigures are extracted automatically, errors are possible. Every figure is clickable with its source; the issuer's original documents are always authoritative.
EditorialThe texts (business model, current status, development and others) are written AI-editorially from the original reports alone, cross-checked automatically and backed with sources; the company's own account, no assessment of our own. Methodology
AI research · This page works as a source-backed data basis for further research with AI assistants such as Claude; every figure remains verifiable via the source links.
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Business Model#

What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own. Methodology

Deutsche Bank is a global financial services institution headquartered in Frankfurt, Germany, operating through four main divisions: the Investment Bank, the Corporate Bank, the Private Bank, and Asset Management (DWS). The Investment Bank provides debt and equity issuance, advisory, and trading services including fixed income, currencies, and equities; the Corporate Bank serves corporate and institutional clients with cash management, trade finance, and lending; the Private Bank offers wealth management, retail banking, and private client services across Europe; and DWS provides asset management solutions to institutional and retail investors worldwide. Revenue is generated through net interest income, commissions and fees, and trading income, with capital adequacy governed by CET1 and TLAC regulatory frameworks.

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Current Status#

Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number. Methodology

Assessment by NadirAlpha, as of Q2 2026.

Deutsche Bank reported net revenues of 8,479 million in Q2 2026, up 9% year-on-year, with growth across all four business divisions 39. Net income attributable to shareholders was 1,640 million and profit before tax rose 11% to €2,680 million, while group profit after tax of €1.9 billion represented the highest-ever second-quarter result 39 44. The Investment Bank achieved record Q2 revenues, up 19% year-on-year, with Fixed Income and Currencies also posting record revenues in the period 44. Deutsche Bank announced a new €500 million share buyback program from 2026 net income, and first-half after-tax profit reached a record €4.1 billion, up 9% year-on-year 44.
Management commentary on the 2026-Q2 results (IR-Quarter, 2026-07-29):
“Our record second-quarter results were driven by powerful growth momentum and cost discipline. We continued to scale our Global Hausbank, building business volumes and funding incremental, value-creative investments by driving operating efficiencies. Looking ahead, the rapid evolution of AI gives us added scope to deliver value to clients and make additional cost savings, while positive trends are becoming clearer across our policy and regulatory landscape. These developments, together with our record performance in 2026 to date, reinforce our confidence that we have upside to our 2028 targets.” Christian Sewing, Chief Executive Officer 44
“We delivered another quarter of strong performance, demonstrating the benefits of our well-diversified business model and the strength of our stable capital light businesses, the Corporate Bank, Private Bank and Asset Management, alongside a very strong performance from the Investment Bank. We continued to grow assets under management, loans and deposits, while maintaining disciplined cost and capital management. With a CET1 ratio of 13.9% and strong organic capital generation, we remain well positioned to invest in our businesses and deliver attractive shareholder returns as evidenced by our newly-announced €500 million share buyback from 2026 earnings.” Raja Akram, Chief Financial Officer 44
Revenue · 2026-Q28,479€m+8.6 % vs. 2025-Q2
Net profit · 2026-Q21,640€m+10.4 % vs. 2025-Q2
EPS · 2026-Q20.57€+18.7 % vs. 2025-Q2
Revenue trend
Guidance
For FY2028, the company guides Return on tangible equity (RoTE) 13% (initiated); Return on tangible equity 13% (confirmed); Common Equity Tier 1 capital ratio 13.5 to 14% (confirmed). 36
Profitability
Diluted earnings per share were 0.57 in Q2 2026 143. The cost/income ratio improved to 63.0% from 63.6% in the prior-year quarter 44. Post-tax return on average tangible shareholders' equity reached 11.0%, compared to 10.1% in Q2 2025, with all four divisions, Private Bank, Asset Management, Corporate Bank, and Investment Bank, delivering a return on tangible equity of 12% or higher 39 36.
Leverage
The CET1 capital ratio stood at 13.9% at quarter-end, within Deutsche Bank's stated operating range of 13.5 to 14.0% and down from 14.2% at year-end 2025 39. The total loss-absorbing capacity stack amounted to €117 billion, comprising CET1 of €51 billion, AT1 of €12 billion, T2 of €7 billion, senior non-preferred of €47 billion, and senior preferred of €17 billion 36. Liquid assets at quarter-end were 161,600 million, with deposits rising by €12 billion to €698 billion and loans increasing by €5 billion to €491 billion during the quarter 36.
Management view
H1 2026 revenues reached €17.2 billion and the full-year 2026 revenue ambition of approximately €33 billion was described as on track, with the FY 2028 return on tangible equity target of greater than 13% reaffirmed 43. German fiscal stimulus and reform agenda are expected to create growth opportunities from 2027 onwards, while EU capital markets integration and a developing securitization framework are viewed as avenues for asset gathering 43. Accelerating AI adoption is expected to drive efficiency improvements and revenue growth through enhanced client coverage, and all three mandated rating agencies are now on positive outlook 43.
Change
The CET1 capital ratio declined to 13.9% from 14.2% at year-end 2025 39. Credit loss provisions in Q2 2026 included portfolio de-risking actions for non-performing exposures, with the bank targeting a run rate of approximately 30 basis points going forward 36. The Commercial Real Estate portfolio recorded a 22% reduction since 2022 and stood at a total of €31 billion at quarter-end 36.
Risks (current)
Net interest income is sensitive to yield curve movements; a +25 basis point rate shift is estimated to benefit earnings by approximately €115 million in 2026 43. Stage 3 credit loss provisions increased in Q2 2026, particularly within the Corporate Bank and Commercial Real Estate segments, with higher interest rates and reduced office property demand identified as factors affecting CRE portfolio refinancing risks 33 40. Broader risk factors include financial market conditions across Germany, Europe, and the US, cybersecurity threats inherent in banking operations, and execution risks related to strategic initiatives; management noted no material impacts from geopolitical risks observed to date 43 36.
New this reporting period
Deutsche Bank's Private Bank franchise in India was reclassified to held-for-sale status in Q2 2026, marking a formal step toward the planned divestiture of that business 36. In Q2 2026, Deutsche Bank arranged a €100 million loan to a German electricity grid operator as part of its sustainable finance activities 43. Also in the quarter, the bank structured a €3.0 billion inaugural green bond for an APAC public transport operator, contributing to cumulative sustainable and transition finance volumes of €523 billion since 2020 43.
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Price & Chart#

Interactive price chart (TradingView) and the trend of key figures from the core tables. Methodology

Daily candles with news and earnings markers. Loads only on click.

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Share-Price Drivers#

Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own. Methodology

Investment Bank revenue momentum
The Investment Bank is the largest revenue contributor at EUR 6,558m in H1 2026, up 8%, making it the central swing factor for group top-line growth 40
Investment Bank
Largest segment with H1 2026 revenue of EUR 6,558m, up 8%, underpinning group revenue of EUR 8,479 million in Q2 40
Asset Management (DWS)
H1 2026 revenue of EUR 1,558m, up 7%; traction extended by the DWS 40% stake acquisition in Nippon Life India AIF in Q1 2026 40 41
Private Bank
H1 2026 revenue of EUR 5,133m, with Personal Banking up 6% and Wealth Management up 8% 40
Corporate Bank
H1 2026 revenue of EUR 3,722m, down 1%, the only major segment showing a lower trend 40
Capital returns and capital instruments
EUR 500m buyback approved for H2 2026 and a further AT1 capital instrument issued in H1 2026, supporting Q2 net income of EUR 1,640 million 43 40
Sustainable finance and digital-asset mandates
Growing deal pipeline including a EUR 3.0bn inaugural green bond for an APAC operator in Q2 2026 and the AllUnity euro stablecoin launched July 2025 36 28

Sector trend: Banking revenue KPIs are broadly rising, with Investment Bank and Asset Management demand improving while Corporate Bank is modestly softer; group profitability is positive and guidance is confirmed 40 43.

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Event Timeline#

This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Methodology

Overview: one dot per event · click jumps to the period
earningsrevenuemarginguidancestrategy2023-Q22023-Q32023-Q42024-Q12024-Q22024-Q32024-Q42025-Q12025-Q22025-Q32025-Q42026-Q12026-Q2
2026 · 6 events

2026-Q2 · Apr to Jun 2026

Net income turned positive ◦ 2026-07-29
Profit after tax of 1,640 million in Q2 was the highest-ever second quarter; first-half after-tax profit reached a record €4.1 billion, up 9% year-on-year 44
Revenue accelerating 2026-07-29
Net revenues of 8,479 million, up 9% year-on-year; Investment Bank achieved record Q2 revenues with 19% year-on-year growth 39 44
Divestiture 2026-07-27
Sale of Private Bank's India franchise to Kotak Mahindra Bank announced, expected to close in Q3 2027, with a pre-tax negative impact of approximately €100 million for 2026 40

2026-Q1 · Jan to Mar 2026

“Disciplined capital management supporting business growth and distributions” Deutsche Bank 41
“This quarter's record profit gives us a great start on the next phase of our strategy. We delivered business growth in focus areas and funded investments through operating efficiencies. We also maintained our strong capital base while simultaneously committing to raise rewards for shareholders. We have the balance sheet strength, the capabilities and the strategic positioning to serve our clients globally in a dynamic environment. The three strategic levers of focused growth, scalable operating model and disciplined capital management support our ability to deliver long-term value for shareholders and our ambition to be the European Champion.” Christian Sewing, Chief Executive Officer 42
Guidance confirmed 2026-04-30
FY 2026 revenue ambition of approximately €33 billion reaffirmed with strong Q1 step-off 41
Operating income turned positive ◦ 2026-04-29
Profit before tax increased 50% year-over-year to €3.0 billion in Q1 2026 38
revenue 2026-04-29
Net revenues of 8,671 million, up 2% year-on-year, driven by 15% growth in net interest income 42
2025 · 11 events

2025-Q4 · Oct to Dec 2025

“The record results we achieved in 2025 prove the strength of our Global Hausbank model and the value we provide for our clients. We delivered on all our 2025 financial goals and, with € 8.5 billion in delivered and proposed capital distributions so far since 2022, we will surpass our original commitment to shareholders. This gives us the strongest possible foundation for the next phase of our strategy. We're committed to scaling our Global Hausbank and further improving returns on our path towards our long-term goal: to become the European Champion.” Christian Sewing, Chief Executive Officer 32
Net income turned positive ◦ 2026-01-29
Full-year profit before tax reached €9.7 billion, up 84% year-on-year, and net revenues grew 7% to 32,096 million, meeting full-year guidance 32
Margin expanding 2026-01-29
Noninterest expenses decreased 10% year-on-year to €20.7 billion and cost/income ratio reached 64%, meeting the below 65% target 32
Strategic pivot 2026-01-29
Deutsche Bank announced 'Scaling the Global Hausbank' strategy for 2026 to 2028, targeting post-tax RoTE above 13% and cost/income ratio below 60%, with payout ratio planned to rise from 50% to 60% from 2026 32

2025-Q3 · Jul to Sep 2025

“We delivered record profits in both the third quarter and first nine months of 2025, demonstrating the value to clients and shareholders of our Global Hausbank in a fast-changing environment. We are on track to deliver on our 2025 financial targets and, having increased shareholder distributions by 50% in each of the last three years, we are on course to return over € 8 billion to shareholders from 2022 to 2026. We have built firm foundations for the next phase of our strategy journey.” Christian Sewing, Chief Executive Officer 31
Guidance confirmed 2025-10-30
Full-year 2025 guidance confirmed: revenue ambition of around €32 billion, RoTE above 10%, cost/income ratio below 65%, and CET1 ratio of 13.5% to 14.0% 30
Net income turned positive ◦ 2025-10-29
First-nine-months profit before tax rose 64% to €7.7 billion and net profit rose 76% to €5.6 billion, with post-tax RoTE of 10.9% 31
Revenue accelerating 2025-10-29
Q3 2025 net revenues increased 7% to 8,043 million compared to Q3 2024, driven by strong Investment Bank performance with 18% growth 26

2025-Q2 · Apr to Jun 2025

“Despite a more challenging environment in the quarter, Deutsche Bank again delivered a post-tax RoTE of above 10%, demonstrating the strengths of our underlying business model. We are very happy to have delivered our highest second-quarter and first-half year profits since 2007. This puts us on track to meet our 2025 targets, and we are positioning our Global Hausbank to grow further, including further raising capital distributions to shareholders beyond 2025.” Christian Sewing, Chief Executive Officer 29
Net income turned positive ◦ 2025-07-24
H1 2025 profit before tax doubled to €5.3 billion from €2.4 billion in H1 2024, driven by revenue growth and cost discipline 29
Margin expanding 2025-07-24
Cost/income ratio improved to 62.3% in H1 2025 from 78.1% in H1 2024, achieving the full-year target of below 65% at the halfway point of the year 29
Guidance confirmed 2025-07-22
CET1 ratio rose to 14.2% at June 30, 2025; bank revised its CET1 operating range to 13.5% to 14%, confirming the capital framework guidance 28

2025-Q1 · Jan to Mar 2025

Adjusted result turned positive ◦ 2025-06-15
Postbank takeover litigation settlements reached in Q3 2024 produced a provision release of €444 million, removing a prior drag on reported earnings 13
Revenue accelerating 2025-06-15
Total net revenues of €7,501 million in Q3 2024 were higher year-on-year, with Investment Bank revenues up 11% and Asset Management assets under management at a record €963 billion 13
2024 · 11 events

2024-Q4 · Oct to Dec 2024

“2024 was a vital year for Deutsche Bank. Our strong and growing operating performance reflects the turnaround achieved in recent years. We delivered another year of revenue and business growth, maintained tight operating cost discipline, acted decisively to put significant legacy costs behind us and continued to invest in our platform. All of this, together with the strong start we have made this year, gives us firm confidence that we will deliver on our RoTE target of above 10% in 2025 and further increase distributions to shareholders. In addition, we are already working on measures to further increase returns in the coming years.” Christian Sewing, Chief Executive Officer 19
“Resilient full-year results reflecting ongoing strong operating performance” Deutsche Bank, Company Statement 20
Revenue accelerating 2025-01-30
Q4 revenues of 7,224 million, up 8% year-on-year and described as the highest since 2014; full-year net revenues of 30,092 million were up 4% year-on-year 19
Margin compressing 2025-01-30
Full-year cost/income ratio of 76% in 2024 compared with 75% in 2023, with noninterest expenses including €1.7 billion in Postbank takeover litigation costs; excluding specific litigation items, the ratio was 71% 19
Guidance initiated 2025-01-30
2025 guidance initiated: revenues of approximately €32 billion, post-tax return on average tangible equity above 10%, and cost/income ratio below 65%, with the prior cost/income target reset from below 62.5% to below 65%; total capital distributions of €2.1 billion announced for 2025 19 20
Net income halved 2025-01-30
Net income more than halved YoY (1,260.0 to EUR 106.0 million, -92%). 135

2024-Q3 · Jul to Sep 2024

“In these three months, we made important progress in putting legacy litigation matters behind us, while also producing a record third-quarter profit in our operating business. This reflects our strong franchise, positive momentum across our businesses, and sustained cost discipline. Our Global Hausbank is ideally positioned to help clients navigate the uncertainties in today's environment, and this reinforces our confidence that we will continue on our path of profitable growth and exceed our original goals for capital distributions to shareholders. We have now sought authorization for further share repurchases.” Christian Sewing, Chief Executive Officer 12
Net income turned positive ◦ 2024-10-23
Q3 net income of 1,500 million recovered from the Q2 loss; profit before tax reached €2.3 billion including a €440 million partial release of Postbank-related litigation provisions following settlement of over 60% of claims by value; excluding that release, underlying Q3 profit before tax of €1.8 billion was also described as a record for the quarter 12
Revenue accelerating 2024-10-23
Net revenues increased 5% year-on-year to 7,501 million in Q3 2024, with commissions and fee income up 5% to €2.5 billion 12
Margin expanding 2024-10-23
Cost/income ratio improved to 63% in Q3 2024 from 72% in the prior year quarter; excluding the Postbank litigation provision release, the ratio was 69%, still lower than the prior year, reflecting sustained cost discipline 12

2024-Q2 · Apr to Jun 2024

“These results reflect Deutsche Bank's operating strength. In the first half year our underlying profitability was the highest since 2011, which demonstrates the success of our strategic execution. We have built powerful momentum in our client franchise across all our businesses, and this, together with our very solid capital ratio and continued cost and risk discipline, keeps us well on track towards meeting our 2025 goals and our distribution commitments to shareholders.” Christian Sewing, Chief Executive Officer 18
Revenue accelerating 2024-07-24
Investment Bank revenues grew 12% to €5.6 billion in H1 2024, with Origination & Advisory revenues up 76% to €1.1 billion, contributing to H1 net revenues growing 2% year-on-year to €15.4 billion 18
Guidance raised 2024-07-24
Full-year 2024 provision for credit losses guidance raised to slightly above 30 basis points, reflecting CRE market stress; H1 provisions of €915 million were higher than previously assumed 16 18
Net income turned negative ◦ 2024-07-22
€1.3 billion Postbank takeover litigation provision recorded in Q2 2024 based on court's indicated assessment drove a quarterly net loss of 143 million, reversing net income of 1,275 million in Q1 2024 14 16

2024-Q1 · Jan to Mar 2024

Revenue decelerating 2024-10-23
Revenue growth decelerated to +1.0% YoY (prior period +2921.2%). 116
2023 · 10 events

2023-Q4 · Oct to Dec 2023

“At € 5.7 billion, it was 2% higher than the previous year's figure, the highest level in 16 years.” Christian Sewing, Chief Executive Officer 10
Guidance raised 2024-03-11
Compound annual revenue growth target raised to 5.5% to 6.5% for 2021 to 2025, from previously announced 3.5% to 4.5%; dividend of €0.45 per share proposed for 2023, up from €0.30 for 2022 10
Strategic pivot 2024-03-11
Program launched to cut around 3,500 jobs through automation and elimination of duplicate functions 10
Revenue accelerating 2024-02-02
Full year net revenues increased 6% year-over-year to EUR 28,879 million, driven by strong Corporate Bank and Private Bank performance despite Investment Bank decline 4

2023-Q3 · Jul to Sep 2023

“These results demonstrate strong and sustained business growth momentum combined with continued cost discipline. Furthermore, we have materially improved our capital outlook thanks to our strong results and focused capital efficiency measures. This gives us scope to invest in growing our Global Hausbank model, further improve returns, and increase and accelerate distributions to our shareholders.” Christian Sewing, Chief Executive Officer 3
Operating income turned positive ◦ 2023-10-25
Q3 profit before tax increased 7% to €1,723 million from €1,615 million in Q3 2022, driven by lower provision for credit losses and controlled cost increases 7
Guidance raised 2023-10-25
Full year 2023 revenue expectation raised to approximately €29 billion 3
Acquisition 2023-10-25
Numis acquisition completed in early October 2023 for GBP 397 million, establishing position in UK corporate broking and advisory 3

2023-Q2 · Apr to Jun 2023

“In the first half of 2023 we again demonstrated good growth momentum across a diversified business portfolio, underlying earnings power and balance sheet resilience. This puts us on a good track towards our 2025 financial targets. Our planned share repurchases enable us to deliver on our goals to distribute capital to our shareholders. We are determined to continue on this path while accelerating the execution of our Global Hausbank strategy as we promised.” Christian Sewing, Chief Executive Officer 1
Operating income turned positive ◦ 2023-07-26
H1 profit before tax €3.3 billion, up 2% year-on-year despite €744 million nonoperating costs 1
revenue 2023-07-26
H1 net revenues up 8% year-on-year to €15.1 billion, driven by higher net interest income and growth in Corporate Bank and Private Bank 1
Acquisition 2023-07-26
Acquisition of Numis, UK corporate broker, announced to accelerate Global Hausbank strategy 1
Revenue decelerating
Revenue growth decelerated to +11.4% YoY (prior period +2244.8%). 116
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Key Figures (€m)#

The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. Methodology

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Revenue (€m) · annual basis, as reported
FY2023FY2023: 28,87928,879FY2024FY2024: 30,09230,092FY2025FY2025: 32,09632,096
Net income (€m) · annual basis, as reported
FY2023FY2023: 4,8924,892FY2024FY2024: 3,5053,505FY2025FY2025: 6,1226,122
EPS (€) · annual basis, as reported
FY2023FY2023: 2.032.03FY2024FY2024: 1.371.37FY2025FY2025: 3.093.09
Operating cash flow (€m) · annual basis, as reported
FY2023FY2023: 13,60213,602FY2024FY2024: 13,06513,065FY2025FY2025: 1,7071,707
Revenue (€m) · half-year basis, as reported
2023-H12023-H1: 15,08915,0892023-H22023-H2: 13,79013,7902024-H12024-H1: 15,36815,3682024-H22024-H2: 14,72414,7242025-H12025-H1: 16,32816,3282025-H22025-H2: 15,76815,7682026-H12026-H1: 17,20017,200
Net income (€m) · half-year basis, as reported
2023-H12023-H1: 1,9211,9212023-H22023-H2: 2,9712,9712024-H12024-H1: 1,1001,1002024-H22024-H2: 2,4052,4052025-H12025-H1: 3,2603,2602025-H22025-H2: 2,8622,8622026-H12026-H1: 3,5523,552
EPS (€) · half-year basis, as reported
2023-H12023-H1: 0.810.812023-H22023-H2: 1.231.232024-H12024-H1: 0.420.422024-H22024-H2: 0.940.942025-H12025-H1: 1.461.462025-H22025-H2: 1.441.442026-H12026-H1: 1.631.63
Operating cash flow (€m) · half-year basis, as reported
2023-H12023-H1: -16,477-16,4772023-H22023-H2: 30,07930,0792024-H12024-H1: -25,075-25,0752024-H22024-H2: 38,14038,1402025-H12025-H1: 25,65125,6512025-H22025-H2: -23,944-23,9442026-H12026-H1: 6,5786,578
Revenue (€m) · quarterly basis, as reported
2024-Q32024-Q3: 7,5017,5012024-Q42024-Q4: 7,2247,2242025-Q12025-Q1: 8,5248,5242025-Q22025-Q2: 7,8047,8042025-Q32025-Q3: 8,0438,0432025-Q42025-Q4: 7,7267,7262026-Q12026-Q1: 8,6718,6712026-Q22026-Q2: 8,4798,479
Net income (€m) · quarterly basis, as reported
2024-Q32024-Q3: 1,5001,5002024-Q42024-Q4: 1061062025-Q12025-Q1: 1,7751,7752025-Q22025-Q2: 1,4851,4852025-Q32025-Q3: 1,5641,5642025-Q42025-Q4: 1,2981,2982026-Q12026-Q1: 1,9121,9122026-Q22026-Q2: 1,6401,640
EPS (€) · quarterly basis, as reported
2024-Q32024-Q3: 0.810.812024-Q42024-Q4: 0.150.152025-Q12025-Q1: 0.990.992025-Q22025-Q2: 0.480.482025-Q32025-Q3: 0.890.892025-Q42025-Q4: 0.740.742026-Q12026-Q1: 1.061.062026-Q22026-Q2: 0.570.57
Cash (€m) · annual basis, as reported
FY2023FY2023: 178,416178,416FY2024FY2024: 147,494147,494FY2025FY2025: 138,277138,277
Cash (€m) · half-year basis, as reported
2023-H12023-H1: 150,026150,0262023-H22023-H2: 178,416178,4162024-H12024-H1: 134,633134,6332024-H22024-H2: 147,494147,4942025-H12025-H22025-H2: 138,277138,2772026-H12026-H1: 161,600161,600
Cash (€m) · quarterly basis, as reported
2023-Q32023-Q3: 169,678169,6782023-Q42023-Q4: 178,416178,4162024-Q22024-Q2: 134,633134,6332024-Q32024-Q3: -35,700-35,7002024-Q42024-Q4: 147,494147,4942025-Q32025-Q3: 234,000234,0002025-Q42025-Q4: 138,277138,2772026-Q22026-Q2: 161,600161,600
Shown: the most recent fiscal years. Full history since FY2018 is on record.

Fiscal years

Amounts in €m · EPS in € per share · as reported
PeriodRevenueNet incomeEPS (€)OCFSource
FY202532,0966,122~3.091,707142
FY202430,0923,5051.3713,06519
FY202328,8794,8922.0313,602121

Half-years

Amounts in €m · EPS in € per share · as reported
PeriodPublishedRevenueNet incomeEPS (€)CashSource
2026-H12026-07-2717,2003,552~1.63161,60040
2025-H2*2026-01-2915,7682,8621.44*≈138,277~32
2025-H12025-07-2216,3283,260~1.46–28
2024-H2*2025-01-3014,7242,4050.94*≈147,49419
2024-H12024-07-2215,3681,100~0.42134,633~16
2023-H2*–13,7902,9711.23*≈178,41613
2023-H1–15,0891,9210.81150,026~118

Quarters

Amounts in €m · EPS in € per share · as reported
PeriodPublishedRevenueNet incomeEPS (€)CashSource
2026-Q22026-07-278,4791,640~0.57161,600143
2026-Q12026-04-298,6711,912~1.06–140
2025-Q42026-01-297,7261,298~0.74138,277~142
2025-Q32025-10-298,0431,564~0.89234,00025
2025-Q22025-07-227,8041,485~0.48–28
2025-Q12026-04-298,5241,775~0.99–42
2024-Q42025-01-307,2241060.15147,49419
2024-Q32024-10-237,5011,500~0.81-35,70012
2024-Q22024-07-227,589-143~-0.28134,633~16
2024-Q12024-10-237,7791,275~0.69~–116
2023-Q4–6,6581,2600.67178,416116
2023-Q3–7,132-229~0.56169,678114
2023-Q2–7,409763~0.19150,026~116
2023-Q1–7,7001,158~0.61160,77315
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Op. income = EBT: the company reports no operating income; the column shows profit before tax (EBT), the adjusted column the adjusted EBT.
Columns not reported in this reporting cadence are hidden: Op. income, Op. income (adj.), EBITDA (adj.), EPS adj., FCF, Net Debt (not reported in any source for these periods).
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Balance Sheet & Cash Flow (€m)#

Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. Methodology

Fiscal years

Amounts in €m · as reported
PeriodPublishedCashOCFSource
FY20252026-01-29138,277~1,707142
FY20242025-01-30147,49413,06519
FY2023–178,41613,602121

Half-years

Amounts in €m · as reported
PeriodPublishedCashOCFSource
2026-H12026-07-27161,6006,57840
2025-H22026-01-29138,277~-23,94432
2025-H12025-07-22–25,65128
2024-H22025-01-30147,49438,14019
2024-H12024-07-22134,633~-25,07516
2023-H2–178,41630,07913
2023-H1–150,026~-16,477118

Quarters

Amounts in €m · as reported
PeriodPublishedCashOCFSource
2026-Q22026-07-27161,600–143
2025-Q42026-01-29138,277~395142
2025-Q32025-10-29234,000–25
2024-Q42025-01-30147,494–19
2024-Q32024-10-23-35,700–12
2024-Q22024-07-22134,633~2,50016
2023-Q4–178,41612,900116
2023-Q3–169,678–114
2023-Q2–150,026~–116
2023-Q1–160,773–15
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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Revenue by Type (as of 2026-Q2 · EURm · 9/14)#

Revenue split by segment or product type, exactly as the company itself reports it. Methodology

SegmentSincePeriodBasisRevenueGrowthSource
Investment Bank2022-H12026-H16M6,5588%40
Private Bank2022-H12026-H16M5,133–40
Corporate Bank2022-H12026-H16M3,722-1%40
Asset Management2022-H12026-H16M1,5587%40
Personal BankingFY20252026-H16M2,7426%40
Wealth ManagementFY20252026-H16M2,3928%40
Business BankingFY2025FY202512M1,005–35
Institutional Client ServicesFY2025FY202512M876–35
Corporate & Other2023-H12026-Q23M6542%39
Financial and insurance activitiesFY2024FY202412M133,350–24
Real estate activitiesFY2024FY202412M51,535–24
ManufacturingFY2024FY202412M28,359–24
Mining and quarryingFY2024FY202412M4,342–24
Agriculture, forestry and fishingFY2024FY202412M336–24
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Products & M&A (42/70 active+recent)#

Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. Methodology

Product/LineSinceStatusSource
Basel III output floor full application2030-01Planned24
Settlement acceleration T+2 to T+1 implementation for EU2027-10Planned28
300 nature-related transactions2027Planned33
UK Commercial Mortgage-Backed Securitization (3×)2026-03Launched37
Sustainable aviation fuel (SAF) plant financing (2×)2026-03Launched37
Netherlands first dedicated SAF plant financing2026-03Launched41
European Green Bond issuance (2×)2026-03Launched41
Market Risk rules (FRTB) implementation2026-01Planned24
Transition Finance Framework2026Planned33
EcoDataCenter €600 million senior secured financing for data center expansion2025-09Launched25
DWS European Long-Term Investment Fund launched in strategic partnership2025-09Launched25
Battery Energy Storage System (BESS) projects globally supported2025-09Launched25
AllUnity joint venture stablecoin EURAU issued and listed on BitPanda2025-09Launched25
Akaysha Energy multi-currency revolving corporate debt facility2025-09Launched25
euro-denominated stablecoin issuance via AllUnity joint venture2025-07Launched28
First fully regulated euro-denominated stablecoin issuance2025-06Launched29
Crisis Management and Deposit Insurance (CMDI) Directive agreement2025-06Planned28
Corporate Bank combines Trust and Agency Services and Securities Services into unified Trust and Securities Services organization2025-06Launched35
Marcus Chromik appointment as Chief Risk Officer2025-05Planned24
Dividend proposal for 2024 financial year2025-05Planned24
Final Basel III implementation in EU2025-01Planned10
CRR3 implementation2025-01Planned24
CRR3 (Capital Requirements Regulation 3) implementation2025-01Launched28
CRR 3 implementation expected2025-01Planned10
€750 million share buyback authorized for 20252025Planned24
€1.3 billion dividend proposed (€0.68 per share) for 2024, up 50% from 20232025Planned24
dbLumina - Generative AI content curation solution2025Launched28
Retail Investment Strategy regulation2025Planned24
Paula AI chatbot launch for Postbank2025Launched35
Paula - first client-facing Generative AI chatbot2025Launched28
New private markets fund launched with DWS and Partners Group2025Launched35
New cloud-based Trade Finance and Lending platform in Corporate Bank2025Planned35
FlixTrain senior credit facility for 30 electric train sets2025Launched33
European Long-Term Investment Fund (ELTIF) launch2025Launched35
EU digital euro discussions2025Planned24
Dividend increase proposal for 20252025Planned35
Cloud-based online and mobile banking platform rollout across retail brands2025Launched35
Cloud migration of Deutsche Bank and norisbank banking services2025Launched35
AllUnity stablecoin launch (regulated euro-denominated)2025Planned35
AI Chatbot launch in Postbank Mobile Banking App2025Launched25
Miles & More partnership (4x)2023-06Planned10
AT1 capital instrument call option exercise (3x)2025-09Discontinued (2025-09)25
IHO Verwaltungs GmbH Sustainability-Linked Notes2024-12Stable19
Global Power Generation (GPG) Australia project financing2024-12Stable19
Asset Management AuM milestone2024-12Launched20
AllUnity Euro stablecoin joint venture e-money license application2024-09Planned13
Laura Padovani appointment as Chief Compliance Officer2024-07Planned24
Deutsche Bank inaugural social bond issuance2024-07Launched16
Dividend increase to €0.45 per share2024-05Planned10
Pillar 2 leverage ratio requirement2024-01Planned10
€42bn net inflows into passive investments2024Launched20
Republic of Colombia U.S.$ 1.3 billion ESG-labeled bond as joint bookrunner2024Launched24
Postbank mobile app upgrade accelerating digital client engagement2024Launched24
KfW € 3 billion five-year green bond as Joint Lead Manager2024Launched24
H&H sustainability-linked loan $560m2024Launched20
Dividend payment for 2023 financial year2024Launched16
DWS joint venture for issuing regulated euro-denominated stablecoin2024Launched24
DWS first cryptocurrency Exchange-Traded Certificate (ETC) products2024Launched24
Culture dashboard developed to measure aspirational culture2024Launched24
Code of Conduct revised and updated to align with This is Deutsche Bank2024Launched24
Client Centricity Program implemented to enhance client relationships2024Launched24
28 new products launched across various asset classes by DWS2024Launched24
28 new asset management products launched2024Launched20
DWS stablecoin joint venture with Galaxy Digital and Flow Traders2023-12Planned10
MREL ratio requirement update2023-06Launched10
Digital asset custody license application (2x)2023-06Planned10
This is Deutsche Bank program launched2023Launched24
Postbank branch reduction to approximately 5502023Launched10
Customer migration to unified platform2023Launched10
Automation program targeting 3,500 job reductions2023Planned10
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M&A (38)#

All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Methodology

Acquisitions · 31Divestitures/exits · 2older: 5 (in the table)
202420252026

Acquisitions

Transaction / stakeDateTypeSource
€3.0bn inaugural green bond for APAC public transport operator2026-06Completed36
EUR 3.0 billion green bond for Asia-Pacific public transport operator2026-06Completed40
EUR 180 million Green Schuldschein for German public transport operator2026-06Completed40
DWS agreement to acquire 40% of Nippon Life India Alternative Investment Fund2026-03Announced42
AT1 capital instrument issuance (5x)2026-03Completed25
DWS 40% stake acquisition in Nippon Life India AIF2026Completed41
Joint Lead Arranger on senior credit facility to German FlixTrain for 30 high-speed electric train units2025-12Completed32
$1.25bn 6% AT1 call2025-10Completed30
€2.25bn SNP issuance2025-09Completed30
FidraEnergy BESS financing2025-09Completed30
EcoDataCenter financing2025-09Completed30
Caixa Geral green senior preferred notes (2×)2025-09Completed30
Akaysha Energy facility2025-09Completed30
$2.0bn SNP dual tranche issuance2025-09Completed30
Republic of Slovenia €1 billion Sustainability-Linked Bond (2×)2025-06Completed28
NeXtWind renewable energy financing (€1.4 billion debt)2025-06Completed29
Central-West Orana Renewable Energy Zone network infrastructure financing (2×)2025-06Completed28
PEIF IV first asset transaction completion2025-03Completed13
China Water Affairs Group Ltd USD 150m 5-year Blue Bond (2×)2025Completed32
AUD 3bn Certified Green Loans for Intellihub (2×)2025Completed32
€227 million financing package to Republic of Senegal2024-09Completed12
Kreditanstalt für Wiederaufbau (KfW) €3 billion 5-year green bond2024-09Completed12
City of Munich €300 million 7-year green bond2024-09Completed12
HES International €1 billion refinancing2024-06Completed18
H2 Green Steel project financing (2×)2024-06Completed18
Continuum senior secured green notes (2×)2024-06Completed18
Additional Tier 1 (AT1) equity instruments issuance2024-06Completed16
Postbank integration platform consolidation2024Completed24
GPG renewable energy financing facility AU$1.8bn2024Completed20
Postbank IT migration (5×)2023-07Completed10
Numis acquisition2023Completed35
Group-wide Human Rights Forum established2022Completed24
Better Payment Germany GmbH acquisition2021Completed10
Deutsche Postbank AG squeeze-out2015Completed24

Divestitures / exits

Transaction / stakeDateTypeSource
Private Bank India franchise sale (5×)2026-06Divested40
DWS Private Equity solutions business divestiture2023Divested10
DWS digital investment platform transfer to MorgenFund joint venture2022-11Divested10
Sale of Deutsche Bank Financial Advisors business in Italy (3×)2022-10Divested24
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Risks (161 since the annual report of 2026-03-12, 434 tracked in total)#

Risk factors the company itself names in its reports, merged by topic across periods, with category, first and last mention and source. Methodology

RiskCategoryFirst reportedLast reported
Net interest income sensitivity to yield curve movements affects earnings; +25bps shift estimated to benefit ~€115m in 2026Financial2026-Q2
2026-07-30 43
2026-Q2
2026-07-30 43
Close monitoring of segments subject to economic and geopolitical risks; no material impacts observed to dateSupply chain2026-Q2
2026-08-20 36
2026-Q2
2026-08-20 36
Cybersecurity threats and data breach risks inherent in banking operationsCyber2026-Q2
2026-08-20 36
2026-Q2
2026-08-20 36
Financial market conditions in Germany, Europe, US impact revenues and asset holdingsMarket2026-Q2
2026-07-30 43
2026-Q2
2026-07-30 43
Implementation of strategic initiatives subject to execution risksstrategie2026-Q2
2026-07-30 43
2026-Q2
2026-07-30 43
Commercial Real Estate portfolio of €31bn with 66% in higher-risk stress test scope; €23bn US CRE with 92% in officeCustomers2024-Q2
2024-07-25 17
2026-Q2
2026-07-30 43
US Office CRE exposure of €11bn with weighted average LTV of 40% reflecting market stressCustomers2026-Q1
2026-04-30 41
2026-Q2
2026-08-20 36
Litigation provisions of €1.3bn and contingent liabilities of €1.2bn subject to potential further developmentsLegal2023-H1
2023-07-26 9
2026-Q2
2026-08-20 36
Commercial Real Estate portfolio elevated risk from stressed market conditions; higher-risk non-recourse portfolio under severe stress testingRegulatoryFY2025
2026-03-12 35
2026-Q2
2026-08-20 36
Operational risk management and control systems failure could materially impact operationsCyberFY2024
2025-06-13 24
2026-Q2
2026-08-20 36
Provision for credit losses dependent on economic conditions and portfolio qualityFinancial2025-Q1
2025-06-15 13
2026-Q2
2026-07-30 43
Interest rate movements impact treasury activities and mortgage hedging effectivenessFinancial2023-H1
2023-07-26 9
2026-Q2
2026-08-20 36
Potential defaults of borrowers and trading counterparties affect asset qualityCustomers2023-Q2
2023-07-26 1
2026-Q2
2026-07-30 43
Concentration of borrowers and trading counterparties creates potential default risk exposureCustomers2023-Q3
2023-10-27 2
2026-Q2
2026-08-20 36
Asset price movements and market volatility create earnings uncertaintyMacro2023-Q2
2023-07-26 1
2026-Q2
2026-07-30 43
Financial market conditions in Germany, Europe, and US materially impact revenue and asset valuesMacro2023-Q2
2023-07-26 6
2026-Q2
2026-08-20 36
Regulatory capital requirements and multiple buffer requirements create operational constraintsRegulatory2023-Q2
2023-07-26 1
2026-Q2
2026-08-20 36
EU banking regulation changes including CRR3 implementation may impact capital requirementsRegulatory2024-Q4
2025-01-31 20
2026-Q2
2026-07-30 43
Liquidity Coverage Ratio and Net Stable Funding Ratio compliance requirementsRegulatory2024-H1
2024-07-22 16
2026-Q2
2026-07-30 43
Reliability of risk management policies and procedures critical to operationsTechnology2023-Q2
2023-07-26 1
2026-Q2
2026-07-30 43
Climate Risk portfolio identified for enhanced monitoringFinancial2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Higher interest rates and reduced office property demand affecting CRE portfolio refinancing risksFinancial2023-H1
2023-07-26 9
2026-H1
2026-07-27 40
U.S. West Coast Commercial Real Estate exposures requiring provisions and de-risking actionsFinancial2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Commercial real estate portfolio exposed to refinancing risks under higher interest rates and lower valuationsFinancial2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Private Credit portfolio subject to enhanced monitoring for downside riskFinancial2026-Q1
2026-04-29 37
2026-H1
2026-07-27 40
CRE borrowers facing difficulty refinancing maturing debt under current market conditionsFinancialFY2023
2024-03-11 10
2026-H1
2026-07-27 40
Middle East conflict creating second-order economic impacts and sector vulnerabilitiesMacro2026-Q1
2026-04-30 41
2026-H1
2026-07-27 40
CRE borrowers facing difficulty obtaining new loans under current market conditionsLegal2024-Q4
2025-01-31 20
2026-H1
2026-07-27 40
Sale of Private Bank's India franchise to Kotak Mahindra Bank Ltd. expected Q3 2027; subject to regulatory approvalsLegal2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Ongoing civil litigation matters with €932 million contingent liabilities estimatedLegalFY2023
2024-03-11 10
2026-H1
2026-07-27 40
Litigation costs impacting Corporate & Other segment performanceLegalFY2023
2024-03-11 10
2026-H1
2026-07-27 40
Regulatory enforcement proceedings with €2 million contingent liabilitiesLegalFY2024
2025-06-13 24
2026-H1
2026-07-27 40
Application of EU carve out version of IAS 39 for portfolio hedges of interest rate risk; cumulative negative impact on CET1 capital ratio of approximately 53 basis pointsRegulatory2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Commercial Real Estate portfolio stress tested with €31bn total exposureFinancial2023-H1
2023-07-26 9
2026-Q1
2026-04-30 41
Civil litigation provisions €1.1 billion; regulatory enforcement €0.2 billion; contingent liabilities €949 millionLegalFY2025
2026-03-12 35
2026-Q1
2026-04-29 37
LTV for US office loans increased from 81% to 88% due to collateral value declineFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Specific provisions for single-name events in Investment Bank and Corporate Bank CRE portfoliosFinancialFY2024
2025-06-13 24
2025-Q4
2026-01-30 33
Civil litigation contingent liabilities estimated at €921 million; regulatory enforcement at €6 million as of December 31, 2025FinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Commercial real estate refinancing challenges and price stabilization uncertain particularly US office spaceFinancial2025-Q4
2026-01-30 33
FY2025
2026-03-12 35
Severe stress scenario shows approximately €1.2 billion potential credit losses over multiple yearsFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Stage 3 allowance for credit losses increased significantly to €4,600 million in 2025FinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Stage 3 credit loss provisions increased, particularly in Corporate Bank and CRE segmentsFinancial2023-H1
2023-07-26 9
2025-Q4
2026-01-30 33
Loans allowance for credit losses rose from €5,697 million to €6,074 million year-over-yearFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Increase in long-term pension provisions despite rises in interest rate levels due to specific German accounting treatmentFinancialFY2023
2024-03-11 10
FY2025
2026-03-12 35
Risk of provision under German accounting if interest-bearing banking book does not generate sufficient margin for credit risk and administrative costsFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Potential valuation adjustments of investments in affiliated companies; write-downs on US and European subsidiaries in 2025FinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Portfolio concentration on large diversified technology leaders limits appetite for smaller clientsCustomersFY2023
2024-03-11 10
FY2025
2026-03-12 35
Rapid expansion and lack of transparency in Private Credit market and NBFI exposureCustomersFY2025
2026-03-12 35
FY2025
2026-03-12 35
Operational issues and information handling errors resulted in complaints; areas requiring ongoing investmentSupply chainFY2025
2026-03-12 35
FY2025
2026-03-12 35
Physical climate risks from extreme weather events growing in frequency and severityMacroFY2023
2024-03-11 10
FY2025
2026-03-12 35
Climate transition risks present growing risks to sectoral and regional portfoliosMacroFY2023
2024-03-11 10
FY2025
2026-03-12 35
Office sector particularly affected on US West Coast with subdued leasing activityMarketFY2025
2026-03-12 35
FY2025
2026-03-12 35
US tariff policy remains unpredictable though macro environment improved since April 2025MarketFY2025
2026-03-12 35
FY2025
2026-03-12 35
Multiple criminal investigations ongoing; potential for disgorgement and fines; tax refund claims pendingLegalFY2023
2024-03-11 10
FY2025
2026-03-12 35
Recent Private Credit market default events subject to heightened scrutinyLegalFY2025
2026-03-12 35
FY2025
2026-03-12 35
Third parties may assert bank's sustainability disclosures constitute greenwashing with litigation risk.LegalFY2025
2026-03-12 35
FY2025
2026-03-12 35
Legacy litigation matters including Postbank takeover and Polish FX mortgages impacted 2024 resultsLegalFY2024
2025-06-13 24
FY2025
2026-03-12 35
Remaining U.S. civil action in MDL; plaintiffs appealed September 2025 summary judgment dismissalLegalFY2023
2024-03-11 10
FY2025
2026-03-12 35
Postbank takeover litigation charges recorded in 2024; absence of charges in 2025 improved operating resultsLegal2023-Q3
2023-10-25 3
FY2025
2026-03-12 35
Deutsche Bank expects net litigation charges significantly higher in 2026 than 2025LegalFY2023
2024-03-11 10
FY2025
2026-03-12 35
FDIC action dismissed February 2026; potential appeal by April 13, 2026LegalFY2025
2026-03-12 35
FY2025
2026-03-12 35
Increased uncertainty about letting prospects for office properties in office segmentLegalFY2025
2026-03-12 35
FY2025
2026-03-12 35
Residual claims of €112 million provisioned; appraisal proceedings pending regarding adequate compensationLegalFY2023
2024-03-11 10
FY2025
2026-03-12 35
Trustee litigation by NCUA, Commerzbank, and IKB pending; tort and contract claims dismissed but appeals ongoingLegalFY2023
2024-03-11 10
FY2025
2026-03-12 35
Russian court anti-suit injunction prohibits proceeding outside Russia; €244 million enforced against bank assetsLegal2024-H1
2024-07-22 16
FY2025
2026-03-12 35
Ongoing BaFin orders for anti-money laundering and sanctions compliance with Special Representative oversightRegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Multiple regulatory requirements for client complaint handling; compliance framework in place globallyRegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
2023 Federal Reserve consent order concerning sanctions embargoes and AML control enhancementsRegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Consent Order and Written Agreement requiring ongoing remediation of sanctions, AML, and risk management controlsRegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Frankfurt prosecutor conducting investigations regarding late filing of suspicious activity reportsRegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Conflicting U.S. state laws on ESG may result in loss of licenses or business termination.RegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Postbank client digital migration caused temporary rise in complaints; continued investments requiredTechnologyFY2025
2026-03-12 35
FY2025
2026-03-12 35
1Malaysia Development Berhad claiming $1.1 billion damages for wire transfers; full trial scheduled January 2026; Deutsche Bank neither confirmed provision nor contingent liability.Legal2025-Q3
2025-10-29 25
2025-Q3
2025-10-29 25
Five former MPS employees filed civil litigation claims in English Courts on September 30, 2025; similar to 2024 German court claim; Deutsche Bank defendants acquitted by Supreme Court of Italy in October 2023.Legal2025-Q3
2025-10-29 25
2025-Q3
2025-10-29 25
Postbank takeover litigation impacts noninterest expenses; provision impacts being absorbedLegal2024-H1
2024-07-22 16
2025-Q3
2025-10-30 30
1MDB commenced proceedings against Deutsche Bank Malaysia Berhad claiming $1.1 billion damages; full trial scheduled January 2026.Legal2025-H1
2025-07-22 28
2025-H1
2025-07-22 28
Russian court orders against western banks pose downside risk; secondary sanctions regime complexityLegal2023-Q3
2023-09-30 5
2025-Q1
2025-06-15 13
Interest rate sensitivity affecting net interest income and net interest marginsFinancial2024-Q2
2024-07-25 17
2026-H1
2026-07-27 40
Re-escalated Middle East tensions could trigger further inflationary pressure and market volatilityGeopolitics2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Potential vulnerabilities in manufacturing, transportation, automotive and metal/mining sectorsSupply chainFY2023
2024-03-11 10
2026-H1
2026-07-27 40
Oil and gas price increases reducing purchasing power and business investmentMacro2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Central banks raising rates in response to price pressures, weighing on growthMacro2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Current macroeconomic uncertainty reflected in ECL model; overlays applied for uncertainties and second order impacts related to Middle East conflictMarket2023-Q4
2024-02-02 4
2026-H1
2026-07-27 40
Basel III framework rules expected to finalize by end of 2026 in USRegulatory2023-Q3
2023-10-25 3
2026-H1
2026-07-27 40
EU One Europe One Market Roadmap and regulatory initiatives under negotiationRegulatory2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Rapid AI advancement creating accelerated cyber threats and security vulnerabilitiesTechnology2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Elevated valuations in technology sector from AI expenditure could impact future returnsTechnology2026-H1
2026-07-27 40
2026-H1
2026-07-27 40
Undersea cable attacks by state and non-state actors threatening trading payments and service deliveryCyber2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Increased disclosure requirements and regulation for sustainable finance activitiesESG2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Risk of deposit outflows from normalization of balances in Corporate Cash Management businessFinancial2024-Q2
2024-07-24 18
2026-Q1
2026-04-29 37
Stressed Net Liquidity Position decreased to €82.5 billion from €94.1 billion; loan outflows ~€10.0 billionFinancialFY2024
2025-06-13 24
2026-Q1
2026-04-29 37
Macroeconomic overlays applied for Middle East conflict uncertainties; management overlays €242 millionFinancial2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Valuation decreases on legacy defaulted CRE exposures and market index stabilization risksFinancial2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Emerging geopolitical risks including Middle East conflict remain well containedGeopolitics2025-H1
2025-07-22 28
2026-Q1
2026-04-30 41
Conditions in financial markets in Germany, Europe, US and elsewhereGeopolitics2026-Q1
2026-04-29 42
2026-Q1
2026-04-29 42
Elevated trade and tariff risks contributing to market volatility and policy uncertaintyGeopolitics2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Weaker growth and economic uncertainty threatening credit quality across portfoliosCustomers2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Contractual maturities 2026-2030 managed through liability stack optimizationSupply chain2026-Q1
2026-04-30 41
2026-Q1
2026-04-30 41
Middle East conflict increased energy price volatility with uncertain durationMacro2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Heightened geopolitical risks reducing global growth outlook and increasing business fragmentationMacro2025-Q3
2025-10-30 30
2026-Q1
2026-04-29 37
Middle East conflict creates second-order risks in oil/gas prices and energy-intensive sectorsMacro2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Risk of stagflation from sustained higher energy prices constraining real incomes and demandMacro2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Net interest income sensitivity to yield curve movements 2026-2028Market2023-Q3
2023-10-27 2
2026-Q1
2026-04-30 41
Private Credit portfolio expansion with heightened scrutiny; 75% in multi-asset lender facilitiesMarket2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Germany accounts for ~10% of stress-tested CRE portfolio; office loans 14% of total office segmentLegal2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Implementation of the bank's strategic initiativesRegulatory2026-Q1
2026-04-29 42
2026-Q1
2026-04-29 42
Concerns about AI-driven asset valuations and sustainability of related capital expenditureTechnology2026-Q1
2026-04-29 37
2026-Q1
2026-04-29 37
Development of asset prices and market volatilityCompetition2023-Q3
2023-09-30 5
2026-Q1
2026-04-29 42
Growing dependence on small number of US-based cloud providers creating concentration riskCyberFY2025
2026-03-12 35
FY2025
2026-03-12 35
Climate transition and physical risks present growing risks to sectoral and regional portfoliosESG2025-Q4
2026-01-30 33
FY2025
2026-03-12 35
Increased frequency and severity of extreme weather events threaten operations and credit quality.ESGFY2024
2025-06-13 24
FY2025
2026-03-12 35
Potential AI-driven bubble concerns in large-cap technology stocks with market volatility risksFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
CRR3 introduction increased capital requirements complexity and measurement approach changesFinancialFY2023
2024-03-11 10
FY2025
2026-03-12 35
Persistently elevated provisions for commercial real estate sector notwithstanding overall decrease in Stage 3 provisionsFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Significant credit exposures across business divisions and geographic regionsFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Commercial real estate portfolio impacting Stage 1 and Stage 2 provisions in Investment BankFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Significant reliance on capital markets issuance with 18.7 billion euros in 2025FinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Leverage ratio requirements increased from 3.85% in 2025 to 3.60% in 2026FinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Funding gap in systemic market risk scenario at 187 billion euros as of December 2025FinancialFY2023
2024-03-11 10
FY2025
2026-03-12 35
1% increase in LGD for homogeneous portfolios would increase Stage 3 ECL by approximately €28 million (2025) and €26 million (2024)FinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
If all Stage 1 borrowers recorded lifetime ECL, allowance would increase by 28% (2025) and 34% (2024), indicating material model sensitivityFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Technology sector valuations and AI-led capital expenditure sustainability concernsFinancialFY2025
2026-03-12 35
FY2025
2026-03-12 35
Currency translation effects impacted net trading result; exposure to foreign exchange volatilityGeopoliticsFY2024
2025-06-13 24
FY2025
2026-03-12 35
Multiple macro topics in 2025 including US tariff announcements and Middle East tensionsGeopoliticsFY2025
2026-03-12 35
FY2025
2026-03-12 35
Significant concentration of revenue-weighted clients; DWS serves primarily institutional investorsCustomersFY2025
2026-03-12 35
FY2025
2026-03-12 35
Gross notional derivative exposure of €241bn; net basis €15bn after netting and collateralSupply chain2025-Q4
2026-01-30 33
2025-Q4
2026-01-30 33
Private credit and non-bank financial institution risks from higher interest rates and subdued sentimentSupply chainFY2025
2026-03-12 35
FY2025
2026-03-12 35
Foreign exchange movements and volatility impacting net interest income and investment returns across segments.MacroFY2025
2026-03-12 35
FY2025
2026-03-12 35
Weakening of U.S. dollar against euro reduced derivative financial instruments fair values by € 50.4 billionMacro2025-H1
2025-07-22 28
FY2025
2026-03-12 35
Rising geopolitical risk creates uncertainty and undermines global growth outlook.MacroFY2025
2026-03-12 35
FY2025
2026-03-12 35
Declining interest rates expected in US while ECB rates remain unchanged affecting net interest incomeMacroFY2023
2024-03-11 10
FY2025
2026-03-12 35
Continued inflationary pressures and market disruptions noted throughout 2025MacroFY2025
2026-03-12 35
FY2025
2026-03-12 35
Escalation in global trade tensions particularly between US and China with retaliatory measures riskMacroFY2025
2026-03-12 35
FY2025
2026-03-12 35
Physical risks from rising temperatures and increased frequency of extreme weather eventsMarketFY2024
2025-06-13 24
FY2025
2026-03-12 35
Transition risks from policy and technology changes needed to decarbonize global economyMarketFY2024
2025-06-13 24
FY2025
2026-03-12 35
Business continuity risk from infrastructure disruptions natural calamities disease pandemics strikesOperationsFY2025
2026-03-12 35
FY2025
2026-03-12 35
Legacy technology data fragmentation manual processes and dependency on end-user tools creating operational risksOperationsFY2025
2026-03-12 35
FY2025
2026-03-12 35
Operational risk from employee misconduct including fraud unauthorized trading and regulatory non-compliancePeopleFY2025
2026-03-12 35
FY2025
2026-03-12 35
Workforce planning and talent optimization necessary for executing Global Hausbank strategy and scalable operating model.PeopleFY2025
2026-03-12 35
FY2025
2026-03-12 35
Compliance with CRR/CRD framework and TLAC requirementsLegalFY2025
2026-03-12 35
FY2025
2026-03-12 35
UK government bond antitrust claims amended September 2025; Mexican government bond case in discovery phaseLegalFY2025
2026-03-12 35
FY2025
2026-03-12 35
Five putative class actions pending; supplemental briefing on standing completed October 2024LegalFY2024
2025-06-13 24
FY2025
2026-03-12 35
MREL surplus of €23bn, down from €26bn quarter-on-quarter due to RWA increaseRegulatory2025-Q4
2026-01-30 33
2025-Q4
2026-01-30 33
Systemic risk and countercyclical buffers subject to changes throughout the yearRegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Deutsche Bank maintains capital discipline and prudent risk management while planning capital reallocation toward higher shareholder-value portfolios.RegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Uncertainty in climate risk measurement and assessment increases greenwashing allegation risk.RegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
ECL model outputs require management overlays for refinancing risk and emerging risks not fully captured by standard IFRS 9 methodologyRegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Anti-ESG measures in some jurisdictions may result in loss of existing businessRegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Diverging ESG regulatory standards across jurisdictions increase compliance costs.RegulatoryFY2024
2025-06-13 24
FY2025
2026-03-12 35
Divergence between IEA pathways and existing decarbonization commitments creates tension.RegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
ECB may impose stricter Pillar 2 requirements beyond statutory minimumsRegulatory2023-H1
2023-07-26 9
FY2025
2026-03-12 35
Complex evolving regulatory framework including Basel III CRR3 CRD6 DORA digital euro and sustainability rulesRegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Regulatory impacts on capital ratios and business models; German Tax Reform providing tax benefits; ongoing regulatory requirements for capital allocation.RegulatoryFY2025
2026-03-12 35
FY2025
2026-03-12 35
Inflationary impacts and higher compensation costs partially offset transformation initiativesstrategieFY2024
2025-06-13 24
FY2025
2026-03-12 35
Sustainability of current AI-led capital expenditure impacts on business modelsTechnologyFY2025
2026-03-12 35
FY2025
2026-03-12 35
AI technology transformation risks including hallucination bias and autonomous decision-making challengesTechnologyFY2023
2024-03-11 10
FY2025
2026-03-12 35
Cyber risk as embedded component in bank's risk frameworksTechnology2024-Q4
2025-01-31 20
FY2025
2026-03-12 35
Increasing cyber attacks and state-sponsored activities including ransomware and denial of serviceTechnology2024-H1
2024-07-22 16
FY2025
2026-03-12 35
Rapid advancement in artificial intelligence and digital technologies requiring significant technology investments and transformation initiatives.TechnologyFY2025
2026-03-12 35
FY2025
2026-03-12 35
Material deterioration in ESG ratings could negatively impact bank's reputation.TechnologyFY2025
2026-03-12 35
FY2025
2026-03-12 35
German economy facing competitive disadvantages in foreign trade requiring strategic positioning in core markets.CompetitionFY2025
2026-03-12 35
FY2025
2026-03-12 35
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Reported KPIs (as disclosed) (1468)#

Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. Methodology

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
DatePeriodKPIValue / changeSource
2026-08-202026-Q2Tangible book value per share€ 31.2036
2026-08-202026-Q2RoTE11.9%36
2026-08-202026-Q2loan deposit ratio70%36
2026-08-202026-Q2liquidity coverage ratio140%36
2026-08-202026-Q2Leverage ratio4.5%36
2026-08-202026-Q2deposits€ 698bn36
2026-08-202026-Q2Cost/income ratio60.9%36
2026-08-202026-Q2CET1 ratio13.9%36
2026-08-202026-Q2AUM net flows€ 56bn36
2026-08-202026-Q2AUM€ 1.9tn36
2026-07-302026-Q2Return on tangible equity11.9%43
2026-07-302026-Q2Private Bank client assets€ 56bn43
2026-07-302026-Q2Loan/deposit ratio70%43
2026-07-302026-Q2Liquidity Coverage Ratio140%43
2026-07-302026-Q2Leverage ratio4.5%43
2026-07-302026-Q2IBCM market share in EMEA4.1%43
2026-07-302026-Q2FIC client activity+5%43
2026-07-302026-Q2Cost/income ratio60.9%43
2026-07-302026-Q2Corporate Bank loan growth+7%43
2026-07-302026-Q2Corporate Bank deposit growth+7%43
2026-07-302026-Q2CET1 ratio13.9%43
2026-07-302026-Q2Asset Management quarterly net flows€ 25bn43
2026-07-292026-Q2Total capital ratio19.0%39
2026-07-292026-Q2Tier 1 capital ratio17.2%39
2026-07-292026-Q2Post-tax return on average tangible shareholders' equity11.0%39
2026-07-292026-Q2Post-tax return on average shareholders' equity9.8%39
2026-07-292026-Q2Net interest margin1.7%39
2026-07-292026-Q2Loan-to-deposit ratio70.3%39
2026-07-292026-Q2Leverage ratio4.5%39
2026-07-292026-Q2Cost/income ratio63.0%39
2026-07-292026-Q2Common equity Tier 1 ratio13.9%39
2026-07-292026-Q2Post-tax return on tangible shareholders' equity (Q2)11.0 %44
2026-07-292026-Q2Post-tax return on tangible shareholders' equity (H1)11.9 %44
2026-07-292026-Q2Post-tax return on average shareholders' equity (Q2)9.8 %44
2026-07-292026-Q2Post-tax return on average shareholders' equity (H1)10.6 %44
2026-07-292026-Q2Net flows (Asset Management)25 (EUR € bn)44
2026-07-292026-Q2Cost/income ratio (Q2)63.0 %44
2026-07-292026-Q2Cost/income ratio (H1)60.9 %44
2026-07-292026-Q2Common Equity Tier 1 capital ratio13.9 %44
2026-07-292026-Q2Client assets (Private Bank)846 (EUR € bn)44
2026-07-292026-Q2Assets under Management (Private Bank & Asset Management)1.9 trillion44
2026-07-292026-Q2Assets under Management (Asset Management)1,190 (EUR € bn)44
2026-07-272026-H1Weighted average LTV - Other Business84%40
2026-07-272026-H1Weighted average LTV - Investment Bank67%40
2026-07-272026-H1Weighted average LTV - Corporate Bank58%40
2026-07-272026-H1Transition finance volumes (first six months)€ 7.9 billion40
2026-07-272026-H1Total shareholders' equity66,67940
2026-07-272026-H1Tier 1 capital63.1 (EUR € bn)40
2026-07-272026-H1Tangible shareholders' equity59,56840
2026-07-272026-H1TLAC ratio31.86% of RWA40
2026-07-272026-H1Sustainable and transition finance volume (first six months)€ 52 billion40
2026-07-272026-H1Sustainable and transition finance volume (cumulative)€ 523 billion40
2026-07-272026-H1Stressed Net Liquidity Position76.7 (€ bn)40
2026-07-272026-H1Stress-tested CRE portfolio23,36640
2026-07-272026-H1Shares outstanding1,879.0 (million)40
2026-07-272026-H1Shares issued1,910.6 (million)40
2026-07-272026-H1Shares in treasury31.5 (million)40
2026-07-272026-H1Risk-weighted assets€ 367 billion40
2026-07-272026-H1RWA367,15140
2026-07-272026-H1Post-tax return on average tangible shareholders' equity11.9%40
2026-07-272026-H1Post-tax return on average shareholders' equity10.6%40
2026-07-272026-H1Net stable funding ratio118%40
2026-07-272026-H1Net interest margin1.6%40
2026-07-272026-H1Net interest income4,549 (EUR in € m.)40
2026-07-272026-H1Net flows Personal Banking20 (in € bn)40
2026-07-272026-H1Net flows Asset Management36 (EUR in € bn)40
2026-07-272026-H1Net assets (adjusted)1,198 (EUR in € bn)40
2026-07-272026-H1NSFR118%40
2026-07-272026-H1Management overlays15840
2026-07-272026-H1MREL ratio36.41% of RWA40
2026-07-272026-H1Loans - Private Bank India disposal group2,700 (EUR in € m.)40
2026-07-272026-H1Loan-to-deposit ratio70.3%40
2026-07-272026-H1Liquidity coverage ratio140%40
2026-07-272026-H1Liabilities of disposal groups1,60040
2026-07-272026-H1Leverage ratio4.5%40
2026-07-272026-H1Leverage ratio4.5%40
2026-07-272026-H1LCR140%40
2026-07-272026-H1Key banking book segments net interest income3,616 (EUR in € m.)40
2026-07-272026-H1Irrevocable Payment Commitments - SRF1,00040
2026-07-272026-H1Irrevocable Payment Commitments - German deposit protection500 (EUR in € m.)40
2026-07-272026-H1High-quality liquid assets (HQLA)€ 237 billion40
2026-07-272026-H1Forborne exposure4,76940
2026-07-272026-H1Deposits - Private Bank India disposal group1,600 (EUR in € m.)40
2026-07-272026-H1Cost/income ratio60.9%40
2026-07-272026-H1Contingent liabilities - Regulatory enforcement240
2026-07-272026-H1Contingent liabilities - Civil litigation93240
2026-07-272026-H1Common Equity Tier 1 capital ratio13.9%40
2026-07-272026-H1CET1 ratio13.9%40
2026-07-272026-H1CET1 capital51,099 (EUR in € m.)40
2026-07-272026-H1Branches1,07940
2026-07-272026-H1Basic shares outstanding1,909.2 (million)40
2026-07-272026-H1Average interest earning assets1,092 (EUR in € bn)40
2026-07-272026-H1Assets under Management Personal Banking732 (EUR in € bn)40
2026-07-272026-H1Assets under Management Asset Management1,190 (EUR in € bn)40
2026-07-272026-H1Assets under Management€ 1,190 billion40
2026-07-272026-H1Allowance for credit losses - Stage 3 POCI23440
2026-07-272026-H1Allowance for credit losses - Stage 35,00940
2026-07-272026-H1Allowance for credit losses - Stage 285340
2026-07-272026-H1Allowance for credit losses - Stage 134940
2026-07-272026-H1Allowance for credit losses - Stress-tested CRE portfolio1,12940
2026-04-302026-Q1RoTE12.7%41
2026-04-302026-Q1NSFR119%41
2026-04-302026-Q1Loan/deposit ratio71%41
2026-04-302026-Q1Leverage ratio4.4%41
2026-04-302026-Q1LCR140%41
2026-04-302026-Q1Cost/income ratio58.9%41
2026-04-302026-Q1CET1 ratio13.8%41
2026-04-292026-Q1total liabilities1,403,381 million37
2026-04-292026-Q1Tangible book value per share€ 31.4537
2026-04-292026-Q1sustainable and transition finance volume21 bn37
2026-04-292026-Q1shareholders equity67 bn37
2026-04-292026-Q1risk weighted assets361 bn37
2026-04-292026-Q1private bank assets under management694 bn37
2026-04-292026-Q1Post-tax return on average tangible shareholders' equity12.7%37
2026-04-292026-Q1Post-tax return on average shareholders' equity11.4%37
2026-04-292026-Q1net stable funding ratio119%37
2026-04-292026-Q1Net interest margin1.6%37
2026-04-292026-Q1Loan-to-deposit ratio70.8%37
2026-04-292026-Q1liquidity coverage ratio140%37
2026-04-292026-Q1Leverage ratio4.4%37
2026-04-292026-Q1high quality liquid assets245 bn37
2026-04-292026-Q1Cost/income ratio58.9%37
2026-04-292026-Q1common equity tier 1 capital ratio13.8%37
2026-04-292026-Q1book value per share€ 35.1237
2026-04-292026-Q1asset management AuM1,093 bn37
2026-04-292026-Q1allowance for loan losses6.3 bn37
2026-04-292026-Q1TLAC ratio RWA31.32%37
2026-04-292026-Q1Post-tax return on tangible equity (RoTE)12.7%42
2026-04-292026-Q1Post-tax return on average tangible shareholders equity12.7%38
2026-04-292026-Q1post-tax return on avg. tangible shareholders' equity12.7%37
2026-04-292026-Q1post-tax return on avg. shareholders' equity11.4%37
2026-04-292026-Q1net interest margin Group1.6%37
2026-04-292026-Q1Net interest margin1.6%38
2026-04-292026-Q1Net inflows€ 22 billion42
2026-04-292026-Q1net stable funding ratio119%37
2026-04-292026-Q1MREL ratio RWA35.92%37
2026-04-292026-Q1Loan-to-deposit ratio70.8%38
2026-04-292026-Q1Liquidity Coverage Ratio140%37
2026-04-292026-Q1Leverage ratio4.4%38
2026-04-292026-Q1economic capital adequacy ratio193%37
2026-04-292026-Q1Cost/income ratio58.9%38
2026-04-292026-Q1Cost/income ratio58.9%42
2026-04-292026-Q1Common Equity Tier 1 capital ratio13.8%38
2026-04-292026-Q1Common Equity Tier 1 capital ratio13.8%42
2026-04-292026-Q1CET1 ratio13.8%37
2026-04-292026-Q1average LTV US office loans86%37
2026-04-292026-Q1Assets under Management€ 1.8 trillion42
2026-03-12FY2025weighted-avg. shares outstanding (basic)1,954.5 (million)35
2026-03-12FY202512-month weighted-avg. LCR137%35
2026-03-12FY2025total variable compensation2.681 billion35
2026-03-12FY2025total loans492,054 (EUR in € m.)35
2026-03-12FY2025total defined benefit obligation14,11535
2026-03-12FY2025total credit commitments353,39735
2026-03-12FY2025total assets 20241,387 billion35
2026-03-12FY2025total assets1,435 billion35
2026-03-12FY2025supervisory board total compensation prior year7,775,00035
2026-03-12FY2025supervisory board total compensation7,712,50035
2026-03-12FY2025Stressed Net Liquidity Position94 billion35
2026-03-12FY2025SRF Commitments1,00035
2026-03-12FY2025Right-of-Use Assets3,673 (EUR in € m.)35
2026-03-12FY2025Revocable Lending Commitments56,35635
2026-03-12FY2025Revenue32.1 billion35
2026-03-12FY2025Return on Assets Prior Year0.25%35
2026-03-12FY2025Return on Assets0.49%35
2026-03-12FY2025Reduction Expected Loss from Adjustments 202580 million35
2026-03-12FY2025Pre-Tax Profit9.7 billion35
2026-03-12FY2025Post-Tax Return on Average Tangible Shareholders' Equity 20244.7%35
2026-03-12FY2025Post-tax return on average tangible shareholders' equity10.3%35
2026-03-12FY2025Management Board Total Compensation Prior Year50,394,83035
2026-03-12FY2025Management Board Total Compensation56,173,10535
2026-03-12FY2025Management Board Performance-Related Compensation Prior Year21,039,59835
2026-03-12FY2025Management Board Performance-Related Compensation27,446,51935
2026-03-12FY2025Management Board Fixed Compensation Prior Year26,659,35635
2026-03-12FY2025Management Board Fixed Compensation26,457,87535
2026-03-12FY2025Lease Liabilities4,19335
2026-03-12FY2025Irrevocable Payment Commitments Bank Levies1,50035
2026-03-12FY2025Gross Loans499,320 (EUR in € m.)35
2026-03-12FY2025German Deposit Protection Fund Commitments500 (EUR in € m.)35
2026-03-12FY2025funding ratio US87%35
2026-03-12FY2025funding ratio UK131%35
2026-03-12FY2025funding ratio total108%35
2026-03-12FY2025funding ratio other116%35
2026-03-12FY2025funding ratio Germany103%35
2026-03-12FY2025fair value plan assets15,239 (EUR in € m.)35
2026-03-12FY2025defined benefit obligation US1,08935
2026-03-12FY2025defined benefit obligation UK2,67835
2026-03-12FY2025defined benefit obligation other99935
2026-03-12FY2025defined benefit obligation Germany9,34935
2026-03-12FY2025cost income ratio 202476.3%35
2026-03-12FY2025Cost/income ratio64.4%35
2026-03-12FY2025contingent liabilities79,09235
2026-03-12FY2025common equity tier 1 capital ratio 202413.8%35
2026-03-12FY2025common equity tier 1 capital ratio14.2%35
2026-03-12FY2025assets under management1,085 billion35
2026-03-12FY2025allowance for credit losses total6,15635
2026-03-12FY2025allowance for credit losses stage 34,60035
2026-03-12FY2025allowance for credit losses stage 288835
2026-03-12FY2025allowance for credit losses stage 142135
2026-03-12FY2025adjusted weighted-average shares (diluted)1,998.0 (million)35
2026-03-12FY2025additional value adjustments 20251.7 billion35
2026-03-12FY2025Additional value adjustments 20241.7 billion35
2026-03-12FY2025Under 30 years old16.2%35
2026-03-12FY2025Trading Units Positive Income Days 202595%35
2026-03-12FY2025Total shareholders' equity66,93335
2026-03-12FY2025Total shareholders equity66,93335
2026-03-12FY2025Total capital ratio prior year19.2%35
2026-03-12FY2025Total capital ratio19.5%35
2026-03-12FY2025Total capital ratio19.5%35
2026-03-12FY2025Total assets1,435 (EUR billions)35
2026-03-12FY2025Total risk weighted assets347 (EUR in € bn)35
2026-03-12FY2025Total loans consolidated479 (EUR in € bn)35
2026-03-12FY2025Total leverage exposure1,327 (in € bn)35
2026-03-12FY2025Total forborne assets 202514,135 (EUR in € m.)35
2026-03-12FY2025Total deposits consolidated692 (EUR in € bn)35
2026-03-12FY2025Total collateral obtained 20254935
2026-03-12FY2025Total assets consolidated1,435 (EUR in € bn)35
2026-03-12FY2025Tier 1 ratio prior year17.0%35
2026-03-12FY2025Tier 1 ratio17.5%35
2026-03-12FY2025Tier 1 capital ratio17.5%35
2026-03-12FY2025Tier 1 capital - without Article 468 CRR treatment59.8 billion35
2026-03-12FY2025Tier 1 capital60.3 billion35
2026-03-12FY2025Technology sector - investment grade rated60%35
2026-03-12FY2025Technology Portfolio - Stage 25%35
2026-03-12FY2025Tangible shareholders equity60,09135
2026-03-12FY2025Tangible book value per basic share outstanding€ 30.9835
2026-03-12FY2025Sustainable finance volume per year98 (billions)35
2026-03-12FY2025Stress tested CRE Portfolio 202524.3 billion35
2026-03-12FY2025Stage 3 Financial Assets Commitments 2025903 (EUR in € m.)35
2026-03-12FY2025Stage 3 Coverage Ratio31%35
2026-03-12FY2025Sickness absence rate7.5%35
2026-03-12FY2025Shareholders equity67 (billions)35
2026-03-12FY2025Share repurchase (2025)€ 1 billion35
2026-03-12FY2025Risk-weighted assets347 (EUR billions)35
2026-03-12FY2025Risk Weighted Assets Private Bank92 (EUR in € bn)35
2026-03-12FY2025Risk Weighted Assets Investment Bank136 (EUR in € bn)35
2026-03-12FY2025Risk Weighted Assets Corporate Bank72 (in € bn)35
2026-03-12FY2025Risk Weighted Assets Asset Management16 (EUR in € bn)35
2026-03-12FY2025Risk Weighted Assets358.9 billion35
2026-03-12FY2025Required stable funding (RSF)545 (EUR in € bn.)35
2026-03-12FY2025RWA - Without Article 468 CRR Treatment358.6 billion35
2026-03-12FY2025RWA€ 347bn35
2026-03-12FY2025Private Credit Portfolio Percentage - Multi-Asset Lender Facilities73%35
2026-03-12FY2025Private Credit - Advance Rates~65%35
2026-03-12FY2025Private Bank Mortgage LTV Over 90 Percent6%35
2026-03-12FY2025Private Bank Mortgage LTV Below 50%66%35
2026-03-12FY2025Private Bank Mortgage LTV 70-90%10%35
2026-03-12FY2025Private Bank Mortgage LTV 50-70%16%35
2026-03-12FY2025Post-tax RoTE - Private Bank10.5%35
2026-03-12FY2025Post-tax RoTE - Investment Bank11.2%35
2026-03-12FY2025Post-tax RoTE - Corporate Bank15.3%35
2026-03-12FY2025Post-tax RoTE - Asset Management29.1%35
2026-03-12FY2025Post-tax return on average tangible shareholders equity10.3%35
2026-03-12FY2025Post-tax RoTE (2025)10.3 %35
2026-03-12FY2025Post-tax RoE - Private Bank10.1%35
2026-03-12FY2025Post-tax RoE - Investment Bank10.8%35
2026-03-12FY2025Post-tax RoE - Corporate Bank14.1%35
2026-03-12FY2025Post-tax RoE - Asset Management12.9%35
2026-03-12FY2025Post-tax RoE9.3%35
2026-03-12FY2025post-tax return on avg. tangible shareholders' equity10.335
2026-03-12FY2025post-tax return on avg. shareholders' equity9.335
2026-03-12FY2025Period-End VaR Trading 202524.835
2026-03-12FY2025Payout Ratio (2025)47%35
2026-03-12FY2025Over 50 Years Old26.7%35
2026-03-12FY2025Operational Risk RWA63 (billions)35
2026-03-12FY2025Operating Leverage16.7%35
2026-03-12FY2025Non-Recourse CRE Portfolio 202530.6 billion35
2026-03-12FY2025Net stable funding ratio119%35
2026-03-12FY2025Net Interest Margin Key Banking Segments2.835
2026-03-12FY2025net interest margin Group1.535
2026-03-12FY2025Net interest margin1.5%35
2026-03-12FY2025Net interest income key banking book segments13,670 (EUR in € m.)35
2026-03-12FY2025Net interest income Group15,691 (EUR in € m.)35
2026-03-12FY2025Net flows - Private Bank27 (in € bn)35
2026-03-12FY2025Net flows - Asset Management51 (EUR in € bn)35
2026-03-12FY2025Net change in noncontrolling interests (2024)(84)35
2026-03-12FY2025Net change in noncontrolling interests (2023)(5)35
2026-03-12FY2025Net change in noncontrolling interests(6)35
2026-03-12FY2025Net cash provided by (used in) financing activities (2024)(646)35
2026-03-12FY2025Net cash provided by (used in) financing activities (2023)(2,852)35
2026-03-12FY2025Net cash provided by (used in) financing activities(6,834)35
2026-03-12FY2025Net assets adjusted1,139,000 (EUR in € m.)35
2026-03-12FY2025Net Stable Funding Ratio (NSFR)119%35
2026-03-12FY2025net stable funding ratio119%35
2026-03-12FY2025Net Promoter Score (Ultra/High Net Worth Wealth Management clients)7035
2026-03-12FY2025Net Promoter Score (Ultra/High Net Worth Wealth Management clients - overall without regional weighting)7535
2026-03-12FY2025Net Promoter Score (Spain - Personal Banking and Private Banking)1535
2026-03-12FY2025Net Promoter Score (Postbank brand)2235
2026-03-12FY2025Net Promoter Score (Deutsche Bank brand - Personal Banking and Private Banking)6235
2026-03-12FY2025Net Promoter Score (DWS - top clients)6335
2026-03-12FY2025Net Promoter Score (Belgium - Personal Banking and Private Banking)1235
2026-03-12FY2025NSFR surplus to regulatory requirements104 billion35
2026-03-12FY2025Modified Assets Total Amortized Cost 2025567 (EUR in € m.)35
2026-03-12FY2025Modified Assets Amortized Cost Stage 3 2025268 (EUR in € m.)35
2026-03-12FY2025Modified Assets Amortized Cost Stage 2 2025243 (EUR in € m.)35
2026-03-12FY2025Modified Assets Amortized Cost Stage 1 202556 (EUR in € m.)35
2026-03-12FY2025Minimum VaR Trading 202520.035
2026-03-12FY2025Maximum VaR Trading 202545.535
2026-03-12FY2025Loans at amortized cost472,620 (EUR in € m)35
2026-03-12FY2025Loans Private Bank247 (EUR in € bn)35
2026-03-12FY2025Loans Investment Bank115 (EUR in € bn)35
2026-03-12FY2025Loans Corporate Bank120 (in € bn)35
2026-03-12FY2025Loan-to-deposit ratio69.2%35
2026-03-12FY2025Liquidity coverage ratio144%35
2026-03-12FY2025Liquidity Coverage Ratio (LCR)144%35
2026-03-12FY2025Liquidity Coverage Ratio144%35
2026-03-12FY2025Liquidity Coverage Ratio144%35
2026-03-12FY2025Leverage ratio4.6%35
2026-03-12FY2025Leverage exposure1,327 (billions)35
2026-03-12FY2025Leverage Ratio - Without Article 468 CRR Treatment4.6%35
2026-03-12FY2025Leverage Ratio4.7%35
2026-03-12FY2025Leverage Exposure Private Bank326 (in € bn)35
2026-03-12FY2025Leverage Exposure Investment Bank602 (EUR in € bn)35
2026-03-12FY2025Leverage Exposure Corporate Bank358 (in € bn)35
2026-03-12FY2025Leverage Exposure Asset Management10 (EUR in € bn)35
2026-03-12FY2025Leverage Exposure - Without Article 468 CRR Treatment1,315 billion35
2026-03-12FY2025Leverage Exposure1,286 billion35
2026-03-12FY2025LCR surplus to regulatory requirements80 billion35
2026-03-12FY2025Interest received (2024)48,74635
2026-03-12FY2025Interest received (2023)43,41335
2026-03-12FY2025Interest received44,54335
2026-03-12FY2025Interest paid (2024)36,03035
2026-03-12FY2025Interest paid (2023)28,50235
2026-03-12FY2025Interest paid28,80535
2026-03-12FY2025Interest and similar income32.5 billion35
2026-03-12FY2025Interbank balances (w/o central banks)5,08435
2026-03-12FY2025Incremental Risk Charge Period End 2025452.135
2026-03-12FY2025Income taxes paid (received), net (2024)1,392 (EUR in € m.)35
2026-03-12FY2025Income taxes paid (received), net (2023)955 (EUR in € m.)35
2026-03-12FY2025Income taxes paid (received), net1,361 (EUR in € m.)35
2026-03-12FY2025IFRS 9 management overlays 2025€156 million35
2026-03-12FY2025IFRS 9 management overlays 2024€124 million35
2026-03-12FY2025GAR stock turnover74.435
2026-03-12FY2025GAR stock capex75.3 (EUR %)35
2026-03-12FY2025GAR flow turnover27.435
2026-03-12FY2025GAR flow capex29.0 (EUR %)35
2026-03-12FY2025Forborne Assets Non German 202510,911 (EUR in € m.)35
2026-03-12FY2025Forborne Assets Germany 20253,224 (EUR in € m.)35
2026-03-12FY2025Enablement index71.0%35
2026-03-12FY2025Economic Capital for operational risk5.0 billion35
2026-03-12FY2025Economic Capital Usage Non-trading Market Risk8,247 (EUR in € m.)35
2026-03-12FY2025Economic Capital Usage Interest Rate Risk1,30835
2026-03-12FY2025Economic Capital Usage Guaranteed Funds Risk103 (EUR in € m.)35
2026-03-12FY2025Economic Capital Usage Foreign Exchange Risk4,461 (EUR in € m.)35
2026-03-12FY2025Economic Capital Usage Equity and Investment Risk1,272 (EUR in € m.)35
2026-03-12FY2025Economic Capital Usage Credit Spread Risk772 (EUR in € m.)35
2026-03-12FY2025Economic Capital Demand - Prior Year24.2 billion35
2026-03-12FY2025Economic Capital Demand26.1 billion35
2026-03-12FY2025Dividends received (2024)11035
2026-03-12FY2025Dividends received (2023)10635
2026-03-12FY2025Dividends received14235
2026-03-12FY2025Dividends paid to noncontrolling interests (2024)(264)35
2026-03-12FY2025Dividends paid to noncontrolling interests (2023)(100)35
2026-03-12FY2025Dividends paid to noncontrolling interests(107)35
2026-03-12FY2025Dividends paid to Deutsche Bank shareholders (2024)(883)35
2026-03-12FY2025Dividends paid to Deutsche Bank shareholders (2023)(610)35
2026-03-12FY2025Dividends paid to Deutsche Bank shareholders(1,315)35
2026-03-12FY2025Dividend per share (proposed for 2025)€ 1.0035
2026-03-12FY2025Deposits Private Bank329 (EUR in € bn)35
2026-03-12FY2025Deposits Investment Bank28 (EUR in € bn)35
2026-03-12FY2025Deposits Corporate Bank329 (in € bn)35
2026-03-12FY2025Deposits692 (EUR billions)35
2026-03-12FY2025Data Centre Exposures - Performing100%35
2026-03-12FY2025Cost/income ratio - Private Bank69.7%35
2026-03-12FY2025Cost/income ratio - Investment Bank57.8%35
2026-03-12FY2025Cost/income ratio - Corporate Bank62.2%35
2026-03-12FY2025Cost/income ratio - Asset Management59.3%35
2026-03-12FY2025Cost/income ratio (2025)64 %35
2026-03-12FY2025Cost/income ratio64.4%35
2026-03-12FY2025Common Equity Tier 1 capital ratio (2025)14.2 %35
2026-03-12FY2025Common Equity Tier 1 capital ratio14.2%35
2026-03-12FY2025Common Equity Tier 1 capital49,266 (EUR in € m)35
2026-03-12FY2025Commitment index68.0%35
2026-03-12FY2025Collateral Obtained Residential Real Estate 2025135
2026-03-12FY2025Collateral Obtained Commercial Real Estate 20254735
2026-03-12FY2025Cash and central bank balances133,193 (EUR in € m.)35
2026-03-12FY2025CET1 ratio prior year13.8%35
2026-03-12FY2025CET1 ratio14.2%35
2026-03-12FY2025CET1 Ratio - Without Article 468 CRR Treatment13.5%35
2026-03-12FY2025CET1 Ratio13.9%35
2026-03-12FY2025CET1 Capital - Without Article 468 CRR Treatment48.4 billion35
2026-03-12FY2025CET1 Capital49.2 billion35
2026-03-12FY2025CET1 capital ratio14.2%35
2026-03-12FY2025Branches1,17935
2026-03-12FY2025Book value per basic share outstanding€ 34.5135
2026-03-12FY2025Average VaR Trading 202528.335
2026-03-12FY2025Available stable funding (ASF)649 (EUR in € bn.)35
2026-03-12FY2025AuM KPI stock turnover25.235
2026-03-12FY2025AuM KPI stock capex28.2 (EUR %)35
2026-03-12FY2025AuM KPI flow turnover7.835
2026-03-12FY2025AuM KPI flow capex9.0 (EUR %)35
2026-03-12FY2025Assets under Management - Private Bank685 (EUR in € bn)35
2026-03-12FY2025Assets under Management - Asset Management1,085 (EUR in € bn)35
2026-03-12FY2025Assets Under Management Private Bank685 (EUR in € bn)35
2026-03-12FY2025Assets Under Management Asset Management1,085 (EUR in € bn)35
2026-03-12FY2025Assets Private Bank316 (EUR in € bn)35
2026-03-12FY2025Assets Investment Bank736 (EUR in € bn)35
2026-03-12FY2025Assets Corporate Bank323 (in € bn)35
2026-03-12FY2025Assets Asset Management11 (EUR in € bn)35
2026-03-12FY2025Allowance Credit Losses Stage 3 CRE Stressed 202590335
2026-03-12FY2025Adjusted costs20,297 (EUR in € m.)35
2026-03-12FY202530-50 years old57.1%35
2026-03-122025-Q4Total capital ratio19.5%27
2026-03-122025-Q4Tier 1 capital ratio17.5%27
2026-03-122025-Q4Post-tax return on average tangible shareholders' equity7.2%27
2026-03-122025-Q4Post-tax return on average shareholders' equity7.8%27
2026-03-122025-Q4Net stable funding ratio119%27
2026-03-122025-Q4Net interest margin1.6%27
2026-03-122025-Q4Loan-to-deposit ratio69.2%27
2026-03-122025-Q4Liquidity coverage ratio144%27
2026-03-122025-Q4Leverage ratio4.6%27
2026-03-122025-Q4Cost/income ratio68.6%27
2026-03-122025-Q4Common Equity Tier 1 capital ratio14.2%27
2026-03-122025-Q4Branches26027
2026-01-302025-Q4TBV per basic share€ 30.9833
2026-01-302025-Q4Sustainable Finance volumes cumulative€ 471bn33
2026-01-302025-Q4RoTE10.3%33
2026-01-302025-Q4NSFR119%33
2026-01-302025-Q4Loan to deposit ratio69%33
2026-01-302025-Q4Leverage ratio4.6%33
2026-01-302025-Q4LCR131%33
2026-01-302025-Q4Cost income ratio64.4%33
2026-01-302025-Q4CET1 ratio14.2%33
2026-01-292025-Q4Post-tax return on average tangible shareholders equity10.3%32
2026-01-292025-Q4Post-tax RoE9.3%32
2026-01-292025-Q4net stable funding ratio119%32
2026-01-292025-Q4Liquidity Coverage Ratio144%32
2026-01-292025-Q4Leverage ratio4.6%32
2026-01-292025-Q4Deposits692 billion32
2026-01-292025-Q4Cost/income ratio64%32
2026-01-292025-Q4CET1 capital ratio14.2%32
2026-01-292025-Q4Assets under management1,085 billion32
2025-10-302025-Q3TBV per share30.1730
2025-10-302025-Q3RoTE10.7%30
2025-10-302025-Q3Risk weighted assets340 (EUR bn)30
2025-10-302025-Q3NSFR119%30
2025-10-302025-Q3Leverage ratio4.6%30
2025-10-302025-Q3Leverage exposure1,300 (bn)30
2025-10-302025-Q3LCR140%30
2025-10-302025-Q3Diluted EPS0.8930
2025-10-302025-Q3Cost income ratio64.4%30
2025-10-302025-Q3CET1 ratio14.5%30
2025-10-292025-Q3Tangible book value per basic share30.1725
2025-10-292025-Q3Book value per basic share33.6625
2025-10-292025-Q3Total capital ratio19.6%26
2025-10-292025-Q3Tier 1 capital ratio17.6%26
2025-10-292025-Q3TLAC ratio RWA34.63%25
2025-10-292025-Q3TLAC ratio Leverage Exposure9.07%25
2025-10-292025-Q3Sustainable Finance volumes cumulative440 (€ bn)25
2025-10-292025-Q3Stressed Net Liquidity Position Sep 2025€ 74 billion25
2025-10-292025-Q3RoTE Q310.7%31
2025-10-292025-Q3RoTE10.9%31
2025-10-292025-Q3RoE Q39.6%31
2025-10-292025-Q3RoE9.8%31
2025-10-292025-Q3Risk weighted assets340,387 (EUR In € m)26
2025-10-292025-Q3Post-tax return on average tangible shareholders equity10.7%25
2025-10-292025-Q3Post-tax RoE9.6%25
2025-10-292025-Q3Operating Leverage(2.0)%25
2025-10-292025-Q3Net stable funding ratio119%26
2025-10-292025-Q3Net stable funding ratio119%25
2025-10-292025-Q3Net interest margin1.5%26
2025-10-292025-Q3Net interest margin1.5%25
2025-10-292025-Q3Net inflows Private Bank and Asset Management€ 66 billion31
2025-10-292025-Q3Net Stable Funding Ratio Surplus Sep 2025€ 101 billion25
2025-10-292025-Q3Net Stable Funding Ratio Sep 2025119%25
2025-10-292025-Q3net stable funding ratio119%31
2025-10-292025-Q3net stable funding ratio119%25
2025-10-292025-Q3Management overlays Sep 2025€ 136 million25
2025-10-292025-Q3MREL ratio RWA38.64%25
2025-10-292025-Q3MREL ratio Leverage Exposure10.12%25
2025-10-292025-Q3Loan to deposit ratio71.8%26
2025-10-292025-Q3Loan to deposit ratio71.8%25
2025-10-292025-Q3Liquidity coverage ratio140%26
2025-10-292025-Q3Liquidity coverage ratio140%25
2025-10-292025-Q3Liquidity Coverage Ratio Sep 2025140%25
2025-10-292025-Q3Liquidity Coverage Ratio Excess Sep 2025€ 67 billion25
2025-10-292025-Q3Liquidity Coverage Ratio140%31
2025-10-292025-Q3Liquidity Coverage Ratio140%25
2025-10-292025-Q3Leverage ratio4.6%26
2025-10-292025-Q3Leverage ratio4.6%31
2025-10-292025-Q3Leverage ratio4.6%25
2025-10-292025-Q3economic capital adequacy ratio197%25
2025-10-292025-Q3Customer deposits€ 663 billion31
2025-10-292025-Q3Customer deposits663 (EUR € bn)25
2025-10-292025-Q3Cost/income ratio Q364.4%31
2025-10-292025-Q3Cost/income ratio64.4%26
2025-10-292025-Q3Cost/income ratio63.0%31
2025-10-292025-Q3Cost income ratio64.4%25
2025-10-292025-Q3Compound annual growth rate of revenues from 20216.0%25
2025-10-292025-Q3Common Equity Tier 1 capital ratio14.5%26
2025-10-292025-Q3Common Equity Tier 1 capital ratio14.5%25
2025-10-292025-Q3CET1 capital ratio14.5%31
2025-10-292025-Q3CET1 capital ratio14.5%25
2025-10-292025-Q3Assets under management Private Bank and Asset Management€ 1,054 billion31
2025-10-292025-Q3Assets under management1,054 (EUR € bn)25
2025-07-242025-Q2Sustainable Finance volumes cumulative since 2020€ 417 billion29
2025-07-242025-Q2Restructuring & Severance H1€ 117 million29
2025-07-242025-Q2Post-tax return on average tangible shareholders' equity (RoTE) Q210.1%29
2025-07-242025-Q2Post-tax return on average tangible shareholders' equity (RoTE) H111.0%29
2025-07-242025-Q2Post-tax return on average shareholders' equity (RoE) Q29.1%29
2025-07-242025-Q2Post-tax return on average shareholders' equity (RoE) H19.9%29
2025-07-242025-Q2Nonoperating costs H1€ 49 million29
2025-07-242025-Q2Noninterest expenses H1€ 10,175 million29
2025-07-242025-Q2Net inflows H1 Private Bank & Asset Management€ 41 billion29
2025-07-242025-Q2net stable funding ratio120%29
2025-07-242025-Q2Liquidity Coverage Ratio136%29
2025-07-242025-Q2Leverage ratio4.7%29
2025-07-242025-Q2High Quality Liquid Assets€ 232 billion29
2025-07-242025-Q2Customer deposits Q2€ 653 billion29
2025-07-242025-Q2Cost/income ratio Q263.6%29
2025-07-242025-Q2Cost/income ratio H162.3%29
2025-07-242025-Q2Common Equity Tier 1 (CET1) capital ratio14.2%29
2025-07-242025-Q2Assets under management Private Bank & Asset Management€ 1,655 billion29
2025-07-242025-Q2Assets under management Asset Management€ 1,010 billion29
2025-07-242025-Q2Adjusted costs Q2€ 5,000 million29
2025-07-242025-Q2Adjusted costs H1€ 10,100 million29
2025-07-222025-H1TLAC ratio RWA34.02%28
2025-07-222025-H1Sustainable finance volume (cumulative since 2020)€417bn28
2025-07-222025-H1Risk-weighted assets341 (EUR € bn)28
2025-07-222025-H1Risk Weighted Assets340,805 (EUR in € m.)28
2025-07-222025-H1Revocable lending commitments49,12928
2025-07-222025-H1Post-tax return on average tangible shareholders' equity11.0%28
2025-07-222025-H1Post-tax return on average shareholders' equity9.9%28
2025-07-222025-H1Non-recourse CRE financing33 (in € bn.)28
2025-07-222025-H1Net assets (adjusted) (prior year)1,083 (EUR in € b.)28
2025-07-222025-H1Net assets (adjusted)1,084 (EUR in € b.)28
2025-07-222025-H1net stable funding ratio120%28
2025-07-222025-H1net stable funding ratio120%28
2025-07-222025-H1NSFR year end 2024121%28
2025-07-222025-H1NSFR120%28
2025-07-222025-H1Minimum regulatory requirement surplus€ 62 billion28
2025-07-222025-H1MREL ratio RWA37.91%28
2025-07-222025-H1Loans (gross of allowance for loan losses)472 (EUR € bn)28
2025-07-222025-H1Liquidity coverage ratio year end 2024131%28
2025-07-222025-H1Liquidity coverage ratio Q2 2025136%28
2025-07-222025-H1Liquidity coverage ratio136%28
2025-07-222025-H1Liquidity coverage ratio136%28
2025-07-222025-H1Liquidity Coverage Ratio136%28
2025-07-222025-H1Leverage ratio4.7%28
2025-07-222025-H1Leverage ratio exposure1,276,03528
2025-07-222025-H1Irrevocable lending commitments211,80228
2025-07-222025-H1High-quality liquid assets232 (EUR € bn)28
2025-07-222025-H1Deposits653 (EUR € bn)28
2025-07-222025-H1Cost/income ratio62.3%28
2025-07-222025-H1Contingent liabilities72,13728
2025-07-222025-H1Common Equity Tier 1 capital ratio14.2%28
2025-07-222025-H1Basic shares outstanding (prior year)1,994.7 (in million)28
2025-07-222025-H1Basic shares outstanding1,948.3 (in million)28
2025-07-222025-H1Average LTV US office year end 202481%28
2025-07-222025-H1Average LTV US office80%28
2025-07-222025-H1Assets under management (Private Bank segment)645 (EUR € bn)28
2025-07-222025-H1Assets under management (Asset Management segment)1,010 (EUR € bn)28
2025-07-222025-H1Allowance for credit losses total6,01828
2025-06-152025-Q1Total loss absorbing capacity117,025 (EUR millions)13
2025-06-152025-Q1Total equity76.5 billion13
2025-06-152025-Q1Total balance sheet€ 1.4 trillion13
2025-06-152025-Q1Stressed net liquidity position72 billion13
2025-06-152025-Q1Stress tested CRE portfolio29,940 (EUR millions)13
2025-06-152025-Q1risk weighted assets356.496 billion13
2025-06-152025-Q1Non-recourse CRE portfolio36,955 (EUR millions)13
2025-06-152025-Q1net stable funding ratio122%13
2025-06-152025-Q1liquidity coverage ratio135%13
2025-06-152025-Q1Leverage ratio4.6%13
2025-06-152025-Q1high quality liquid assets230 billion13
2025-06-152025-Q1Economic capital adequacy ratio208%13
2025-06-152025-Q1Total noninterest income Q3 20244,247 (EUR in € m.)13
2025-06-152025-Q1Total noninterest income Q3 20233,788 (EUR in € m.)13
2025-06-152025-Q1Total noninterest income 9M 202413,462 (EUR in € m.)13
2025-06-152025-Q1Total noninterest income 9M 202311,843 (EUR in € m.)13
2025-06-152025-Q1Sustainable finance volume (cumulative since 2020)€ 352bn13
2025-06-152025-Q1Risk-weighted assets356 (EUR in € bn)13
2025-06-152025-Q1Profit/loss excluding Postbank Q3 20241,303 (EUR in € m.)13
2025-06-152025-Q1Profit/loss excluding Postbank Q3 20231,201 (EUR in € m.)13
2025-06-152025-Q1Profit/loss excluding Postbank 9M 20243,932 (EUR in € m.)13
2025-06-152025-Q1Profit/loss excluding Postbank 9M 20233,462 (EUR in € m.)13
2025-06-152025-Q1Profit before tax excl. Postbank Q3 20241,830 (EUR in € m.)13
2025-06-152025-Q1Profit before tax excl. Postbank Q3 20231,723 (EUR in € m.)13
2025-06-152025-Q1Profit before tax excl. Postbank 9M 20245,612 (EUR in € m.)13
2025-06-152025-Q1Profit before tax excl. Postbank 9M 20234,980 (EUR in € m.)13
2025-06-152025-Q1Post-tax return on average tangible shareholders' equity10.2%13
2025-06-152025-Q1Post-tax return on average shareholders' equity9.1%13
2025-06-152025-Q1Post-tax return on avg. tangible shareholders' equity excl. Postbank Q3 20247.6%13
2025-06-152025-Q1Post-tax return on avg. tangible shareholders' equity excl. Postbank Q3 20237.3%13
2025-06-152025-Q1Post-tax return on avg. tangible shareholders' equity excl. Postbank 9M 20247.8%13
2025-06-152025-Q1Post-tax return on avg. tangible shareholders' equity excl. Postbank 9M 20237.0%13
2025-06-152025-Q1Post-tax return on avg. tangible shareholders' equity 9M 2024 Consolidated6.0%13
2025-06-152025-Q1Post-tax return on avg. tangible shareholders' equity 9M 2023 Consolidated7.0%13
2025-06-152025-Q1Noninterest expenses Q3 20244,744 (EUR in € m.)13
2025-06-152025-Q1Noninterest expenses Q3 20235,164 (EUR in € m.)13
2025-06-152025-Q1Noninterest expenses 9M 202416,751 (EUR in € m.)13
2025-06-152025-Q1Noninterest expenses 9M 202316,223 (EUR in € m.)13
2025-06-152025-Q1Net interest income Q3 20243,255 (EUR in € m.)13
2025-06-152025-Q1Net interest income Q3 20233,344 (EUR in € m.)13
2025-06-152025-Q1Net interest income 9M 20249,407 (EUR in € m.)13
2025-06-152025-Q1Net interest income 9M 202310,378 (EUR in € m.)13
2025-06-152025-Q1net stable funding ratio122%13
2025-06-152025-Q1Management overlays Sep 30 2024€ 108 million13
2025-06-152025-Q1Management overlays Dec 31 2023€ 84 million13
2025-06-152025-Q1MREL ratio36.72%13
2025-06-152025-Q1Loans (gross of allowance for loan losses)477 (EUR in € bn)13
2025-06-152025-Q1Liquidity Coverage Ratio135%13
2025-06-152025-Q1Leverage ratio4.6%13
2025-06-152025-Q1Interest expense Q3 20249,108 (EUR in € m.)13
2025-06-152025-Q1Interest expense Q3 20238,082 (EUR in € m.)13
2025-06-152025-Q1Interest expense 9M 202428,217 (EUR in € m.)13
2025-06-152025-Q1Interest expense 9M 202321,416 (EUR in € m.)13
2025-06-152025-Q1Interest and similar income Q3 202412,362 (EUR in € m.)13
2025-06-152025-Q1Interest and similar income Q3 202311,426 (EUR in € m.)13
2025-06-152025-Q1Interest and similar income 9M 202437,624 (EUR in € m.)13
2025-06-152025-Q1Interest and similar income 9M 202331,795 (EUR in € m.)13
2025-06-152025-Q1High-quality liquid assets (HQLA)230 (EUR in € bn)13
2025-06-152025-Q1Gross carrying amount Total Sep 30 2024730,089 (EUR in € m.)13
2025-06-152025-Q1Gross carrying amount Total Dec 31 2023755,731 (EUR in € m.)13
2025-06-152025-Q1Gross carrying amount Stage 3 Sep 30 202414,980 (EUR in € m.)13
2025-06-152025-Q1Gross carrying amount Stage 3 Dec 31 202312,799 (EUR in € m.)13
2025-06-152025-Q1Gross carrying amount Stage 2 Sep 30 202454,988 (EUR in € m.)13
2025-06-152025-Q1Gross carrying amount Stage 2 Dec 31 202355,704 (EUR in € m.)13
2025-06-152025-Q1Gross carrying amount Stage 1 Sep 30 2024659,405 (EUR in € m.)13
2025-06-152025-Q1Gross carrying amount Stage 1 Dec 31 2023686,421 (EUR in € m.)13
2025-06-152025-Q1Deposits650 (EUR in € bn)13
2025-06-152025-Q1Cost/income ratio63.2%13
2025-06-152025-Q1Cost/Income ratio excl. Postbank takeover litigation provision69.0%13
2025-06-152025-Q1Cost/Income ratio63.2%13
2025-06-152025-Q1Compound annual growth rate of revenues from 20215.6%13
2025-06-152025-Q1Common Equity Tier 1 capital ratio13.8%13
2025-06-152025-Q1Commissions and fee income Q3 20242,468 (EUR in € m.)13
2025-06-152025-Q1Commissions and fee income Q3 20232,361 (EUR in € m.)13
2025-06-152025-Q1Commissions and fee income 9M 20247,675 (EUR in € m.)13
2025-06-152025-Q1Commissions and fee income 9M 20237,029 (EUR in € m.)13
2025-06-152025-Q1CET1 ratio13.8%13
2025-06-152025-Q1Basic shares outstanding1,994.7 (million)13
2025-06-152025-Q1Assets under Management (Private Bank)625 (EUR in € bn)13
2025-06-152025-Q1Assets under Management (Asset Management)963 (EUR in € bn)13
2025-06-152025-Q1Allowance for credit losses Sep 30 20245,63313
2025-06-152025-Q1Allowance for credit losses Q3 202449413
2025-06-152025-Q1Allowance for credit losses Q3 202324513
2025-06-152025-Q1Allowance for credit losses Q2 202447613
2025-06-152025-Q1Allowance for credit losses Dec 31 20235,28513
2025-06-152025-Q1Adjusted costs Q3 20245,047 (EUR in € m.)13
2025-06-152025-Q1Adjusted costs Q3 20234,965 (EUR in € m.)13
2025-06-152025-Q1Adjusted costs 9M 202415,131 (EUR in € m.)13
2025-06-152025-Q1Adjusted costs 9M 202315,280 (EUR in € m.)13
2025-07-04FY2024interim 2030 net zero target46% emissions reduction from 201921
2025-07-04FY2024energy consumption reduction target 202530% by 202521
2025-06-13FY2024Weighted average share price at release DB equity plan 2024€ 12.9224
2025-06-13FY2024Weighted average share price at release DB equity plan 2023€ 11.5124
2025-06-13FY2024Weighted average LTV other business71%24
2025-06-13FY2024Weighted average LTV investment bank66%24
2025-06-13FY2024Weighted average LTV corporate bank56%24
2025-06-13FY2024Weighted average fair value DB equity plan 2024€ 10.3024
2025-06-13FY2024Weighted average fair value DB equity plan 2023€ 9.8524
2025-06-13FY2024Voluntary turnover Germany pct2.6%24
2025-06-13FY2024Voluntary turnover Europe outside Germany Middle East Africa pct5.2%24
2025-06-13FY2024Voluntary turnover Asia Pacific pct9.9%24
2025-06-13FY2024Voluntary turnover Americas pct8.3%24
2025-06-13FY2024Vocational trainees pct3.2%24
2025-06-13FY2024US office loan avg LTV81%24
2025-06-13FY2024Total voluntary turnover pct5.9%24
2025-06-13FY2024total loans495,955 (EUR in € m.)24
2025-06-13FY2024Total income tax expense€ 1.8 billion24
2025-06-13FY2024total allowance for credit losses5,79924
2025-06-13FY2024taxes95524
2025-06-13FY2024staff expenses6,383 (EUR in € m.)24
2025-06-13FY2024SCL notional risk reduction43.2 billion24
2025-06-13FY2024SCL mitigated loans and commitments38.4 billion24
2025-06-13FY2024SCL credit derivatives notional4.7 billion24
2025-06-13FY2024Right-of-Use Assets3.9 (EUR billion)24
2025-06-13FY2024provision for credit losses ratio3824
2025-06-13FY2024private bank wealth management exposure79,59224
2025-06-13FY2024private bank stage 3 total8,11824
2025-06-13FY2024private bank mortgages exposure162,05724
2025-06-13FY2024private bank consumer finance exposure40,09824
2025-06-13FY2024private bank business finance exposure15,87824
2025-06-13FY2024net trading result4,30524
2025-06-13FY2024net interest income9,401 (EUR in € m.)24
2025-06-13FY2024net commission income7,399 (EUR in € m.)24
2025-06-13FY2024mortgage LTV below 50%65%24
2025-06-13FY2024Lease Liabilities4.5 (billion)24
2025-06-13FY2024interest income64,857 (EUR in € m.)24
2025-06-13FY2024interest expenses57,357 (EUR in € m.)24
2025-06-13FY2024income taxes paid€ 1.4 billion24
2025-06-13FY2024income before taxes3,838 (EUR in € m.)24
2025-06-13FY2024health rate pct92.4%24
2025-06-13FY2024Gross Loans503,005 (EUR in € m.)24
2025-06-13FY2024funding ratio US 202486%24
2025-06-13FY2024funding ratio US 202386%24
2025-06-13FY2024funding ratio UK 2024131%24
2025-06-13FY2024funding ratio UK 2023129%24
2025-06-13FY2024funding ratio total 2024107%24
2025-06-13FY2024funding ratio total 2023105%24
2025-06-13FY2024funding ratio other 2024111%24
2025-06-13FY2024funding ratio other 2023109%24
2025-06-13FY2024funding ratio Germany 2024103%24
2025-06-13FY2024funding ratio Germany 2023100%24
2025-06-13FY2024enablement index70%24
2025-06-13FY2024dividend per share 20240.6824
2025-06-13FY2024dividend per share 20230.4524
2025-06-13FY2024dividend per share 20220.3024
2025-06-13FY2024dbBOLD program participants38324
2025-06-13FY2024current income1,901 (EUR in € m.)24
2025-06-13FY2024CRE stress test worst case losses1.2 billion24
2025-06-13FY2024commitment index67%24
2025-06-13FY2024commission income9,646 (EUR in € m.)24
2025-06-13FY2024commission expenses2,247 (EUR in € m.)24
2025-06-13FY2024automotive portfolio size pct of loans1.5%24
2025-06-13FY2024automotive investment grade ratings pct68%24
2025-06-13FY2024allowance for credit losses stage 34,41224
2025-06-13FY2024allowance for credit losses stage 273624
2025-06-13FY2024allowance for credit losses stage 143824
2025-06-13FY2024administrative expenses16,143 (EUR in € m.)24
2025-06-13FY2024Your Supervisory Duties as a Manager completion rate100%24
2025-06-13FY2024Wealth Management survey responses~2,10024
2025-06-13FY2024Wealth Management revenue weighted NPS67 (EUR millions)24
2025-06-13FY2024Wealth Management overall NPS7124
2025-06-13FY2024Wealth Management Promoters percentage75%24
2025-06-13FY2024Vice Presidents women35.624
2025-06-13FY2024unused tax losses3,96624
2025-06-13FY2024unused tax credits17224
2025-06-13FY2024trust preferred securities floating rate28724
2025-06-13FY2024trading assets139,772 (EUR in € m.)24
2025-06-13FY2024trading VaR period end24.924
2025-06-13FY2024trading VaR average31.424
2025-06-13FY2024Total shareholders' equity66,27624
2025-06-13FY2024total payout ratio Dec 202437%24
2025-06-13FY2024total other liabilities95,63124
2025-06-13FY2024Total other assets101,207 (EUR in € m.)24
2025-06-13FY2024Total financial liabilities at fair value through profit or loss412,395 (EUR in € m.)24
2025-06-13FY2024Total financial assets classified as held for trading431,525 (EUR in € m.)24
2025-06-13FY2024Total financial assets at fair value through profit or loss545,849 (EUR in € m.)24
2025-06-13FY2024Total deposits666,261 (EUR in € m.)24
2025-06-13FY2024Total credit related commitments343,16724
2025-06-13FY2024Total capital ratio19.2%24
2025-06-13FY2024Total External Funding1,020.9 (EUR in € bn.)24
2025-06-13FY2024Tier 1 capital ratio17.0%24
2025-06-13FY2024TLAC ratio RWA33.15%24
2025-06-13FY2024Supervisory Board women35.024
2025-06-13FY2024Stage 3 Coverage Ratio29%24
2025-06-13FY2024Share repurchases completed 2024€ 675 million24
2025-06-13FY2024Share repurchase supervisory approval€ 750 million24
2025-06-13FY2024Senior Corporate Titles women result33.024
2025-06-13FY2024Senior Corporate Titles women goal35.024
2025-06-13FY2024RoTE reported4.7%24
2025-06-13FY2024RoTE Target>10%24
2025-06-13FY2024Risk Awareness completion rate99.99%24
2025-06-13FY2024Revocable lending commitments49,93224
2025-06-13FY2024Revenue-generating management roles women27.1 (EUR %)24
2025-06-13FY2024Revenue weighted NPS Italy Spain Belgium13 (EUR millions)24
2025-06-13FY2024Return on average tangible shareholders' equity (Total)4.7%24
2025-06-13FY2024Return on average tangible shareholders' equity (Private Bank)5.2%24
2025-06-13FY2024Return on average tangible shareholders' equity (Investment Bank)9.4%24
2025-06-13FY2024Return on avg. tangible shareholders' equity (Corporate Bank)12.6%24
2025-06-13FY2024Return on avg. tangible shareholders' equity (Asset Management)18.0%24
2025-06-13FY2024Return on avg. shareholders' equity (Total)4.2%24
2025-06-13FY2024Return on avg. shareholders' equity (Private Bank)5.2%24
2025-06-13FY2024Return on avg. shareholders' equity (Investment Bank)9.1%24
2025-06-13FY2024Return on avg. shareholders' equity (Corporate Bank)11.7%24
2025-06-13FY2024Return on avg. shareholders' equity (Asset Management)8.0%24
2025-06-13FY2024Return on assets0.25%24
2025-06-13FY2024Receivables from commission and fee income831 (EUR in € m.)24
2025-06-13FY2024Postbank call center NPS prior year 2023-1924
2025-06-13FY2024Postbank call center NPS improvement2124
2025-06-13FY2024Postbank NPS prior year 2023-1924
2025-06-13FY2024Post-tax return on average tangible shareholders' equity4.7%24
2025-06-13FY2024Post-tax return on average shareholders' equity4.2%24
2025-06-13FY2024Post-tax return on avg. tangible equity Dec 20244.7%24
2025-06-13FY2024Positive market values from derivative financial instruments291,754 (EUR in € m.)24
2025-06-13FY2024Performance obligations to be satisfied (Alternative funds)250 million with a time band of four years from 2025 to 202824
2025-06-13FY2024Other short-term borrowings3,94024
2025-06-13FY2024Other noninterest income668 (EUR in € m.)24
2025-06-13FY2024Operational risk losses2,18224
2025-06-13FY2024Operating Leverage(1.7)%24
2025-06-13FY2024Notional amount total derivatives55,404,310 (EUR in € m.)24
2025-06-13FY2024Noninterest-bearing demand deposits176,510 (EUR in € m.)24
2025-06-13FY2024Non-Officers women59.624
2025-06-13FY2024Net interest margin1.3%24
2025-06-13FY2024Net interest income13,065 (EUR in € m.)24
2025-06-13FY2024Net gains on financial assets/liabilities at fair value through profit or loss5,987 (EUR in € m.)24
2025-06-13FY2024Net flows into Passive investments (DWS)€42bn24
2025-06-13FY2024Net flows26 (in € bn)24
2025-06-13FY2024Net commissions and fee income10,372 (EUR in € m.)24
2025-06-13FY2024Net assets (adjusted)1,083 (EUR in € m.)24
2025-06-13FY2024Net Stable Funding Ratio NSFR121%24
2025-06-13FY2024Net Stable Funding Ratio (NSFR)110.5%24
2025-06-13FY2024NPS Postbank brand Germany1324
2025-06-13FY2024NPS Deutsche Bank brand Germany6724
2025-06-13FY2024Mental Health First Aiders (prior year)58324
2025-06-13FY2024Mental Health First Aiders73724
2025-06-13FY2024Managing Directors women22.824
2025-06-13FY2024Management Board women20.024
2025-06-13FY2024Management Board level -2 women result28.324
2025-06-13FY2024Management Board level -2 women goal30.024
2025-06-13FY2024Management Board level -1 women result28.924
2025-06-13FY2024Management Board level -1 women goal30.024
2025-06-13FY2024MREL ratio RWA37.45%24
2025-06-13FY2024Loans at amortized cost478,921 (EUR in € m.)24
2025-06-13FY2024Loan-to-deposit ratio72.7%24
2025-06-13FY2024Liquidity coverage ratio131%24
2025-06-13FY2024Liquidity Coverage Ratio LCR134%24
2025-06-13FY2024Liquidity Coverage Ratio (LCR)122.1%24
2025-06-13FY2024Liquidity Coverage Ratio131%24
2025-06-13FY2024Leverage ratio4.6%24
2025-06-13FY2024Leverage ratio4.6%24
2025-06-13FY2024Italy Spain Belgium survey responses24,00024
2025-06-13FY2024Irrevocable lending commitments219,76724
2025-06-13FY2024Interest bearing deposits489,751 (EUR in € m.)24
2025-06-13FY2024Income before income taxes5,291 (EUR in € m.)24
2025-06-13FY2024Hypothetical 2 notch downgrade impact€ 0.3 billion24
2025-06-13FY2024Hypothetical 1 notch downgrade impact€ 0.2 billion24
2025-06-13FY2024Hybrid work model countries4324
2025-06-13FY2024HQLA226 (in € bn.)24
2025-06-13FY2024Growth noninterest income5%24
2025-06-13FY2024Growth momentum4.7%24
2025-06-13FY2024Group CAGR5.8%24
2025-06-13FY2024General and administrative expenses11,243 (EUR in € m.)24
2025-06-13FY2024Full-time equivalent staff reduced through restructuring16824
2025-06-13FY2024Family-related leave takers20.724
2025-06-13FY2024economic capital adequacy ratio199%24
2025-06-13FY2024Economic Capital Usage Non Trading Market Risk6,835 (EUR in € m.)24
2025-06-13FY2024Dividend per share (with respect to previous financial year)€ 0.4524
2025-06-13FY2024Directors women28.824
2025-06-13FY2024Deutsche Bank brand feedback respondents 2024>165,00024
2025-06-13FY2024Deutsche Bank brand Promoters percentage76%24
2025-06-13FY2024Deutsche Bank NPS prior year 20236324
2025-06-13FY2024Deposits666,261 (EUR in € m.)24
2025-06-13FY2024DWS survey clients 2024~17024
2025-06-13FY2024DWS net promoter score 20235024
2025-06-13FY2024DWS net promoter score5324
2025-06-13FY2024Cumulative Sustainable Finance Volumes€373bn24
2025-06-13FY2024Culture integrity and conduct initiatives7424
2025-06-13FY2024Culture Integrity and Conduct initiatives completed 20247424
2025-06-13FY2024Cost/income ratio76.3%24
2025-06-13FY2024Cost income ratio Dec 202476.3%24
2025-06-13FY2024Contract liabilities from commission and fee income84 (EUR in € m.)24
2025-06-13FY2024Contingent liabilities73,46824
2025-06-13FY2024Compound annual growth rate revenues 2021 20245.8%24
2025-06-13FY2024Compound annual growth rate of revenues from 20215.8%24
2025-06-13FY2024Compensation and benefits11,73124
2025-06-13FY2024Common Equity Tier 1 capital ratio Dec 202413.8%24
2025-06-13FY2024Common Equity Tier 1 capital ratio13.8%24
2025-06-13FY2024Commercial paper5,95424
2025-06-13FY2024Code of Conduct completion rate new managers100%24
2025-06-13FY2024Code of Conduct completion rate 202499.98%24
2025-06-13FY2024CET1 Ratio buffer above MDA~264 bps24
2025-06-13FY2024CET1 Ratio13.8%24
2025-06-13FY2024CET1 capital ratio13.8%24
2025-06-13FY2024CCM survey respondents 2024>1,50024
2025-06-13FY2024Basic shares outstanding1,983.624
2025-06-13FY2024Assistant Vice Presidents and Associates women42.324
2025-06-13FY2024Assets under management (Private Bank)€ 633 billion24
2025-06-13FY2024Assets under management (DWS)€1.0 trillion24
2025-06-13FY2024Assets under management (Asset Management)€ 1 trillion+24
2025-06-13FY2024Assets under Management1,012 (EUR in € bn)24
2025-06-13FY2024Anti bribery and anti corruption training completion rate>99%24
2025-06-13FY2024Adjusted costs€20.4bn24
2025-01-312024-Q4Tangible book value per share€ 0.720
2025-01-312024-Q4Risk-weighted assets357 (EUR € bn)20
2025-01-312024-Q4Post-tax RoTE4.720
2025-01-312024-Q4Operating Leverage520
2025-01-312024-Q4Net interest income13.1 (EUR € bn)20
2025-01-312024-Q4Loans485 (EUR € bn)20
2025-01-312024-Q4Leverage ratio4.620
2025-01-312024-Q4Deposits666 (EUR € bn)20
2025-01-312024-Q4Cost/income ratio76.320
2025-01-312024-Q4CIR74.320
2025-01-312024-Q4CET1 ratio13.820
2025-01-312024-Q4Assets under management1,012 (EUR € bn)20
2025-01-302024-Q4Return on average tangible shareholders' equity (RoTE)4.7%19
2025-01-302024-Q4Return on average shareholders' equity (RoE)4.2%19
2025-01-302024-Q4net stable funding ratio121%19
2025-01-302024-Q4Liquidity Coverage Ratio131%19
2025-01-302024-Q4Leverage ratio4.6%19
2025-01-302024-Q4Deposits666 billion19
2025-01-302024-Q4Cost/income ratio76%19
2025-01-302024-Q4Commissions and fee income10.4 billion19
2025-01-302024-Q4CET1 capital ratio13.8%19
2025-01-302024-Q4Assets under management (Private Bank)633 billion19
2025-01-302024-Q4Assets under management (Asset Management)1,012 billion19
2024-10-232024-Q3Post-tax return on average tangible shareholders' equity10.2%15
2024-10-232024-Q3Post-tax return on average shareholders' equity9.1%15
2024-10-232024-Q3Post-tax RoTE10.2%12
2024-10-232024-Q3Net interest margin1.3%15
2024-10-232024-Q3Net inflows (Private Bank and Asset Management)€ 27 billion12
2024-10-232024-Q3net stable funding ratio122%12
2024-10-232024-Q3Loan-to-deposit ratio73.3%15
2024-10-232024-Q3Liquidity coverage ratio135%15
2024-10-232024-Q3Liquidity Coverage Ratio135%12
2024-10-232024-Q3Leverage ratio4.6%12
2024-10-232024-Q3Leverage ratio4.6%15
2024-10-232024-Q3Cost/income ratio63%12
2024-10-232024-Q3Cost/income ratio63.2%15
2024-10-232024-Q3Common Equity Tier 1 capital ratio13.8%15
2024-10-232024-Q3CET1 capital ratio13.8%12
2024-10-232024-Q3Assets under management (Private Bank)€ 625 billion12
2024-10-232024-Q3Assets under management (Asset Management)€ 963 billion12
2024-10-232024-Q3Adjusted costs€ 5.0 billion12
2024-07-252024-Q2Net stable funding ratio (NSFR)122%17
2024-07-252024-Q2Liquidity coverage ratio (LCR)131%17
2024-07-252024-Q2Leverage ratio4.6%17
2024-07-252024-Q2Deposits641 (EUR millions)17
2024-07-252024-Q2Cost/income ratio78.1%17
2024-07-252024-Q2CET1 ratio13.5%17
2024-07-252024-Q2Assets under Management933 (EUR millions)17
2024-07-242024-Q2Sustainable Finance cumulative volumes since 2020€ 322 billion18
2024-07-242024-Q2RoTE (Post-tax return on average tangible shareholders' equity)3.9%18
2024-07-242024-Q2RoE (Post-tax return on average shareholders' equity)3.5%18
2024-07-242024-Q2Post-tax return on average tangible shareholders' equity(1.0)%14
2024-07-242024-Q2Post-tax return on average shareholders' equity(0.9)%14
2024-07-242024-Q2Net interest margin1.2%14
2024-07-242024-Q2net stable funding ratio122%18
2024-07-242024-Q2Loan-to-deposit ratio75.2%14
2024-07-242024-Q2Liquidity Coverage Ratio136%18
2024-07-242024-Q2Leverage ratio4.6%18
2024-07-242024-Q2Cost/income ratio excluding Postbank litigation provision69%18
2024-07-242024-Q2Cost/income ratio88.3%14
2024-07-242024-Q2Cost/income ratio78%18
2024-07-242024-Q2Common Equity Tier 1 capital ratio13.5%14
2024-07-242024-Q2CET1 capital ratio13.5%18
2024-07-242024-Q2Assets under management (Private Bank)€ 613 billion18
2024-07-242024-Q2Assets under management (Asset Management)€ 933 billion18
2024-07-242024-Q2Assets under management933,165 (EUR € millions)14
2024-07-222024-H1Total risk weighted assets€ 356.4 billion16
2024-07-222024-H1Total equity€ 75.3 billion16
2024-07-222024-H1Total balance sheet€ 1.4 trillion16
2024-07-222024-H1Stress tested CRE portfolio€ 30.532 billion16
2024-07-222024-H1Non-recourse CRE portfolio€ 37.525 billion16
2024-07-222024-H1net stable funding ratio122%16
2024-07-222024-H1liquidity coverage ratio136%16
2024-07-222024-H1Leverage ratio4.6%16
2024-07-222024-H1Economic capital adequacy ratio195%16
2024-07-222024-H1Contract liabilities associated to commissions and fee income109 (EUR in € m.)16
2024-07-222024-H1Common Equity Tier 1 ratio13.5%16
2024-07-222024-H1Total shareholders' equity63,63416
2024-07-222024-H1Total noninterest expenses12,006 (EUR in € m.)16
2024-07-222024-H1TLAC ratio31.74%16
2024-07-222024-H1Sustainable Finance volumes322 (in € bn. cumulative since 2020)16
2024-07-222024-H1Shares outstanding1,947.7 (million)16
2024-07-222024-H1Shares issued1,994.7 (million)16
2024-07-222024-H1Shares in treasury47.0 (million)16
2024-07-222024-H1Post-tax return on average tangible shareholders' equity3.9%16
2024-07-222024-H1Net interest income after provision for credit losses5,237 (EUR in € m.)16
2024-07-222024-H1Net assets (adjusted)1,053 (EUR in € b.)16
2024-07-222024-H1net stable funding ratio122%16
2024-07-222024-H1MREL ratio35.65%16
2024-07-222024-H1Loans at amortized cost476,741 (EUR in € m.)16
2024-07-222024-H1Liquidity Coverage Ratio136%16
2024-07-222024-H1Leverage ratio4.6%16
2024-07-222024-H1Interest and similar income25,262 (EUR in € m.)16
2024-07-222024-H1HQLA€ 221 billion16
2024-07-222024-H1General and administrative expenses6,111 (EUR in € m.)16
2024-07-222024-H1Financial assets at fair value through other comprehensive income40,076 (EUR in € m.)16
2024-07-222024-H1Cost/income ratio78.1%16
2024-07-222024-H1Cost/Income ratio excl. Postbank takeover litigation provision69.4%16
2024-07-222024-H1Cost/Income ratio78.1%16
2024-07-222024-H1Compound annual growth rate of revenues from 20215.7%16
2024-07-222024-H1Compensation and benefits5,94016
2024-07-222024-H1Common Equity Tier 1 capital ratio13.5%16
2024-07-222024-H1Commissions and fee income5,207 (EUR in € m.)16
2024-07-222024-H1Assets under Management933 (EUR in € bn.)16
2024-07-222024-H1Allowance for credit losses5,52616
2024-03-11FY2023total loans479 (EUR € bn)10
2024-03-11FY2023Total deposits622 (EUR € bn)10
2024-03-11FY2023total assets1,312 (EUR € bn)10
2024-03-11FY2023risk weighted assets350 (EUR € bn)10
2024-03-11FY2023Revocable Lending Commitments49,32510
2024-03-11FY2023Return on tangible equity7.4%10
2024-03-11FY2023Return on equity6.7%10
2024-03-11FY2023Return on average tangible shareholders' equity7.4%10
2024-03-11FY2023Return on average shareholders' equity6.7%10
2024-03-11FY2023Operational risk RWA57,15310
2024-03-11FY2023Net interest spread0.40%10
2024-03-11FY2023Net interest margin1.40%10
2024-03-11FY2023Maximum exposure to credit risk1,579,04810
2024-03-11FY2023Market risk RWA21,51010
2024-03-11FY2023Leverage ratio4.5%10
2024-03-11FY2023Irrevocable lending commitments206,08410
2024-03-11FY2023Gross interest yield4.52%10
2024-03-11FY2023Economic capital supply47,607 (EUR in € m.)10
2024-03-11FY2023Economic capital demand23,265 (EUR in € m.)10
2024-03-11FY2023Economic capital adequacy ratio205%10
2024-03-11FY2023Dividend per share€ 0.4510
2024-03-11FY2023Credit risk RWA265,78910
2024-03-11FY2023Cost/income ratio75.1%10
2024-03-11FY2023contingent liabilities65,13110
2024-03-11FY2023common equity tier 1 capital ratio13.7%10
2024-03-11FY2023assets under management€ 896bn10
2024-03-11FY2023Weighted average duration of DBO US910
2024-03-11FY2023Weighted average duration of DBO UK1510
2024-03-11FY2023Weighted average duration of DBO Total1210
2024-03-11FY2023Weighted average duration of DBO Other1010
2024-03-11FY2023Weighted average duration of DBO Germany1110
2024-03-11FY2023Voluntary staff turnover rate5.6%10
2024-03-11FY2023Unrecognized compensation expense 2023€ 0.3 billion10
2024-03-11FY2023Unrecognized compensation expense 2022€ 0.2 billion10
2024-03-11FY2023Treasury shares December 31, 202348,195,10910
2024-03-11FY2023Total equity74.8 (EUR in € billion)10
2024-03-11FY2023Total capital ratio18.6%10
2024-03-11FY2023Total capital65.0 (EUR in € billion)10
2024-03-11FY2023Total balance sheet1.310
2024-03-11FY2023Total audit and related fees7810
2024-03-11FY2023Tier 2 capital8,600 (EUR in € m.)10
2024-03-11FY2023Tier 1 capital ratio16.1%10
2024-03-11FY2023Tier 1 capital56.4 (EUR in € billion)10
2024-03-11FY2023Tangible book value per basic share outstanding€ 28.4110
2024-03-11FY2023Tangible book value per basic share28.4110
2024-03-11FY2023TLAC surplus over RWA requirement33,16710
2024-03-11FY2023TLAC surplus over LRE requirement30,38510
2024-03-11FY2023TLAC ratio RWA32.63%10
2024-03-11FY2023TLAC ratio LRE9.20%10
2024-03-11FY2023Sustainable finance volume64 billion10
2024-03-11FY2023Staff costs11,131 (EUR € m.)10
2024-03-11FY2023Shareholders equity64 billion10
2024-03-11FY2023Share units released 2023(44,963)10
2024-03-11FY2023Share units outstanding as of January 1, 2023127,528 (in thousands)10
2024-03-11FY2023Share units outstanding as of December 31, 2023128,627 (in thousands)10
2024-03-11FY2023Share units granted 202350,930 (in thousands)10
2024-03-11FY2023Share units forfeited 2023(4,565)10
2024-03-11FY2023SRF collateral cash prior year0.9 billion10
2024-03-11FY2023SRF collateral cash1.0 billion10
2024-03-11FY2023RoTE excluding non-operating costs8.9%10
2024-03-11FY2023Risk weighted assets350 billion10
2024-03-11FY2023Return on assets0.35 (EUR %)10
2024-03-11FY2023Recognized compensation expense 2023€ 0.8 billion10
2024-03-11FY2023Recognized compensation expense 2022€ 0.8 billion10
2024-03-11FY2023Rate of nominal increase future compensation US 20232.30%10
2024-03-11FY2023Rate of nominal increase future compensation US 20222.30%10
2024-03-11FY2023Rate of nominal increase future compensation UK 20233.42%10
2024-03-11FY2023Rate of nominal increase future compensation UK 20223.71%10
2024-03-11FY2023Rate of nominal increase future compensation Other 20232.83%10
2024-03-11FY2023Rate of nominal increase future compensation Other 20223.14%10
2024-03-11FY2023Rate of nominal increase future compensation Germany 20232.48%10
2024-03-11FY2023Rate of nominal increase future compensation Germany 20222.81%10
2024-03-11FY2023RWA total349,74210
2024-03-11FY2023Price inflation US 20232.20%10
2024-03-11FY2023Price inflation US 20222.20%10
2024-03-11FY2023Price inflation UK 20233.42%10
2024-03-11FY2023Price inflation UK 20223.71%10
2024-03-11FY2023Price inflation Other 20231.84%10
2024-03-11FY2023Price inflation Other 20222.16%10
2024-03-11FY2023Price inflation Germany 20232.30%10
2024-03-11FY2023Price inflation Germany 20222.62%10
2024-03-11FY2023Post-tax return on avg. shareholders' equity (Private Bank)4.1%10
2024-03-11FY2023Post-tax return on avg. shareholders' equity (Investment Bank)3.8%10
2024-03-11FY2023Post-tax return on avg. shareholders' equity (Corporate Bank)15.2%10
2024-03-11FY2023Post-tax return on avg. shareholders' equity (Asset Management)4.9%10
2024-03-11FY2023Post-employment medical plan obligation 2023€ 145 million10
2024-03-11FY2023Post-employment medical plan obligation 2022€ 144 million10
2024-03-11FY2023post-tax return on avg. tangible shareholders' equity7.4%10
2024-03-11FY2023post-tax return on avg. shareholders' equity6.7%10
2024-03-11FY2023Plan assets securitized and other debt US 202378 (EUR in € m.)10
2024-03-11FY2023Plan assets securitized and other debt UK 202399 (EUR in € m.)10
2024-03-11FY2023Plan assets securitized and other debt Total 2023234 (EUR in € m.)10
2024-03-11FY2023Plan assets securitized and other debt Other 202310 (EUR in € m.)10
2024-03-11FY2023Plan assets securitized and other debt Germany 202347 (EUR in € m.)10
2024-03-11FY2023Plan assets real estate US 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets real estate UK 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets real estate Total 2023824 (EUR in € m.)10
2024-03-11FY2023Plan assets real estate Other 202397 (EUR in € m.)10
2024-03-11FY2023Plan assets real estate Germany 2023727 (EUR in € m.)10
2024-03-11FY2023Plan assets private equity US 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets private equity UK 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets private equity Total 20233 (EUR in € m.)10
2024-03-11FY2023Plan assets private equity Other 20233 (EUR in € m.)10
2024-03-11FY2023Plan assets private equity Germany 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets other derivatives US 2023(2)10
2024-03-11FY2023Plan assets other derivatives UK 2023(159)10
2024-03-11FY2023Plan assets other derivatives Total 2023(159)10
2024-03-11FY2023Plan assets other derivatives Other 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets other derivatives Germany 20232 (EUR in € m.)10
2024-03-11FY2023Plan assets other US 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets other UK 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets other Total 20231,082 (EUR in € m.)10
2024-03-11FY2023Plan assets other Other 202360 (EUR in € m.)10
2024-03-11FY2023Plan assets other Germany 20231,022 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds non-investment-grade US 202316 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds non-investment-grade UK 202373 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds non-investment-grade Total 2023435 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds non-investment-grade Other 202321 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds non-investment-grade Germany 2023325 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds investment-grade US 2023369 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds investment-grade UK 2023915 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds investment-grade Total 20235,712 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds investment-grade Other 2023347 (EUR in € m.)10
2024-03-11FY2023Plan assets non-government bonds investment-grade Germany 20234,081 (EUR in € m.)10
2024-03-11FY2023Plan assets interest rate derivatives US 2023(3)10
2024-03-11FY2023Plan assets interest rate derivatives UK 202317110
2024-03-11FY2023Plan assets interest rate derivatives Total 20231,09410
2024-03-11FY2023Plan assets interest rate derivatives Other 20231710
2024-03-11FY2023Plan assets interest rate derivatives Germany 202390910
2024-03-11FY2023Plan assets insurance US 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets insurance UK 20231,807 (EUR in € m.)10
2024-03-11FY2023Plan assets insurance Total 20231,822 (EUR in € m.)10
2024-03-11FY2023Plan assets insurance Other 202315 (EUR in € m.)10
2024-03-11FY2023Plan assets insurance Germany 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets inflation derivatives US 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets inflation derivatives UK 2023(5)10
2024-03-11FY2023Plan assets inflation derivatives Total 20238 (EUR in € m.)10
2024-03-11FY2023Plan assets inflation derivatives Other 202313 (EUR in € m.)10
2024-03-11FY2023Plan assets inflation derivatives Germany 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds non-investment-grade US 20231 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds non-investment-grade UK 20231 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds non-investment-grade Total 2023109 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds non-investment-grade Other 20234 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds non-investment-grade Germany 2023103 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds investment-grade US 2023366 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds investment-grade UK 2023919 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds investment-grade Total 20233,356 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds investment-grade Other 2023189 (EUR in € m.)10
2024-03-11FY2023Plan assets government bonds investment-grade Germany 20231,882 (EUR in € m.)10
2024-03-11FY2023Plan assets foreign exchange derivatives US 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets foreign exchange derivatives UK 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets foreign exchange derivatives Total 202326 (EUR in € m.)10
2024-03-11FY2023Plan assets foreign exchange derivatives Other 20235 (EUR in € m.)10
2024-03-11FY2023Plan assets foreign exchange derivatives Germany 202321 (EUR in € m.)10
2024-03-11FY2023Plan assets equity instruments US 2023109 (EUR in € m.)10
2024-03-11FY2023Plan assets equity instruments UK 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets equity instruments Total 20231,537 (EUR in € m.)10
2024-03-11FY2023Plan assets equity instruments Other 2023215 (EUR in € m.)10
2024-03-11FY2023Plan assets equity instruments Germany 20231,213 (EUR in € m.)10
2024-03-11FY2023Plan assets credit derivatives US 202316 (EUR in € m.)10
2024-03-11FY2023Plan assets credit derivatives UK 2023(1)10
2024-03-11FY2023Plan assets credit derivatives Total 2023(3)10
2024-03-11FY2023Plan assets credit derivatives Other 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets credit derivatives Germany 2023(18)10
2024-03-11FY2023Plan assets commodities US 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets commodities UK 20230 (EUR in € m.)10
2024-03-11FY2023Plan assets commodities Total 202343 (EUR in € m.)10
2024-03-11FY2023Plan assets commodities Other 20234 (EUR in € m.)10
2024-03-11FY2023Plan assets commodities Germany 202339 (EUR in € m.)10
2024-03-11FY2023Plan assets cash equivalents US 202353 (EUR in € m.)10
2024-03-11FY2023Plan assets cash equivalents UK 202392 (EUR in € m.)10
2024-03-11FY2023Plan assets cash equivalents Total 2023395 (EUR in € m.)10
2024-03-11FY2023Plan assets cash equivalents Other 202371 (EUR in € m.)10
2024-03-11FY2023Plan assets cash equivalents Germany 2023179 (EUR in € m.)10
2024-03-11FY2023Outstanding common shares December 31, 20231,992,047,85010
2024-03-11FY2023Other commitments and contingent liabilities prior year73.0 million10
2024-03-11FY2023Other commitments and contingent liabilities74.2 million10
2024-03-11FY2023Operating Leverage(0.3)%10
2024-03-11FY2023Net interest margin1.4%10
2024-03-11FY2023Net Stable Funding Ratio NSFR110.1%10
2024-03-11FY2023NSFR121%10
2024-03-11FY2023MREL surplus over requirement17,09810
2024-03-11FY2023MREL subordination surplus27,78110
2024-03-11FY2023MREL subordination ratio RWA32.63%10
2024-03-11FY2023MREL ratio RWA35.24%10
2024-03-11FY2023Loans at amortized cost473,705 (EUR in € m.)10
2024-03-11FY2023Loan to deposit ratio77.0%10
2024-03-11FY2023Liquidity coverage ratio140%10
2024-03-11FY2023Liquidity Coverage Ratio LCR127.5%10
2024-03-11FY2023Liquidity Coverage Ratio140%10
2024-03-11FY2023Leverage ratio4.5%10
2024-03-11FY2023LCR140%10
2024-03-11FY2023Interest Rate Risk Economic Capital2,98010
2024-03-11FY2023IPCs related to bank levy, SRF and deposit protection prior year1.3 billion10
2024-03-11FY2023IPCs related to bank levy, SRF and deposit protection1.4 billion10
2024-03-11FY2023IPCs related to SRF prior year0.9 billion10
2024-03-11FY2023IPCs related to SRF1.0 billion10
2024-03-11FY2023High quality liquid assets219 billion10
2024-03-11FY2023HQLA219 (in € bn.)10
2024-03-11FY2023Grant volume of outstanding share awards 2023€ 1.1 billion10
2024-03-11FY2023Grant volume of outstanding share awards 2022€ 1.0 billion10
2024-03-11FY2023Funding ratio US 202386%10
2024-03-11FY2023Funding ratio US 202283%10
2024-03-11FY2023Funding ratio UK 2023129%10
2024-03-11FY2023Funding ratio UK 2022131%10
2024-03-11FY2023Funding ratio Total 2023105%10
2024-03-11FY2023Funding ratio Total 2022107%10
2024-03-11FY2023Funding ratio Other 2023109%10
2024-03-11FY2023Funding ratio Other 2022109%10
2024-03-11FY2023Funding ratio Germany 2023100%10
2024-03-11FY2023Funding ratio Germany 2022103%10
2024-03-11FY2023Fair value of plan assets US 2022996 (EUR in € m.)10
2024-03-11FY2023Fair value of plan assets US1,003 (EUR in € m.)10
2024-03-11FY2023Fair value of plan assets UK 20223,768 (EUR in € m.)10
2024-03-11FY2023Fair value of plan assets UK3,912 (EUR in € m.)10
2024-03-11FY2023Fair value of plan assets Total 202316,518 (EUR in € m.)10
2024-03-11FY2023Fair value of plan assets Total 202216,077 (EUR in € m.)10
2024-03-11FY2023Fair value of plan assets Other 2022962 (EUR in € m.)10
2024-03-11FY2023Fair value of plan assets Other1,071 (EUR in € m.)10
2024-03-11FY2023Fair value of plan assets Germany 202210,351 (EUR in € m.)10
2024-03-11FY2023Fair value of plan assets Germany10,532 (EUR in € m.)10
2024-03-11FY2023Economic Capital Usage Non-trading Market Risk6,523 (EUR in € m.)10
2024-03-11FY2023Dividend per share€ 0.4510
2024-03-11FY2023Discount rate US 20235.01%10
2024-03-11FY2023Discount rate US 20225.34%10
2024-03-11FY2023Discount rate UK 20234.50%10
2024-03-11FY2023Discount rate UK 20224.77%10
2024-03-11FY2023Discount rate Other 20233.33%10
2024-03-11FY2023Discount rate Other 20223.99%10
2024-03-11FY2023Discount rate Germany 20233.33%10
2024-03-11FY2023Discount rate Germany 20223.80%10
2024-03-11FY2023Deposits622 billion10
2024-03-11FY2023Defined benefit obligation US 20221,20210
2024-03-11FY2023Defined benefit obligation US1,17210
2024-03-11FY2023Defined benefit obligation UK 20222,87610
2024-03-11FY2023Defined benefit obligation UK3,02610
2024-03-11FY2023Defined benefit obligation Total 202315,68110
2024-03-11FY2023Defined benefit obligation Total 202214,99810
2024-03-11FY2023Defined benefit obligation Other 202288310
2024-03-11FY2023Defined benefit obligation Other97910
2024-03-11FY2023Defined benefit obligation Germany 202210,03710
2024-03-11FY2023Defined benefit obligation Germany10,50410
2024-03-11FY2023DWS Share units outstanding as of January 1, 20232,329 (in thousands)10
2024-03-11FY2023DWS Share units outstanding as of December 31, 20232,377 (in thousands)10
2024-03-11FY2023DWS SAR Plan weighted average release/exercise price 2023€ 31.6410
2024-03-11FY2023DWS SAR Plan weighted average release/exercise price 2022€ 31.8910
2024-03-11FY2023DWS Equity Plan weighted average release/exercise price 2023€ 31.3310
2024-03-11FY2023DWS Equity Plan weighted average release/exercise price 2022€ 29.2410
2024-03-11FY2023DWS Equity Plan weighted average fair value 2023€ 25.4010
2024-03-11FY2023DWS Equity Plan weighted average fair value 2022€ 27.6710
2024-03-11FY2023DWS Equity Plan unrecognized expense 2023€ 9 million10
2024-03-11FY2023DWS Equity Plan unrecognized expense 2022€ 10 million10
2024-03-11FY2023DWS Equity Plan recognized in income statement 2023€ 62 million10
2024-03-11FY2023DWS Equity Plan recognized in income statement 2022€ 58 million10
2024-03-11FY2023DWS Equity Plan fully vested awards 2023€ 42 million10
2024-03-11FY2023DWS Equity Plan fully vested awards 2022€ 25 million10
2024-03-11FY2023DWS Equity Plan fair value of outstanding awards 2023€ 72 million10
2024-03-11FY2023DWS Equity Plan fair value of outstanding awards 2022€ 67 million10
2024-03-11FY2023DB Equity Plan weighted average share price at release 2023€ 11.5110
2024-03-11FY2023DB Equity Plan weighted average share price at release 2022€ 10.0410
2024-03-11FY2023DB Equity Plan weighted average fair value per award granted 2023€ 9.8510
2024-03-11FY2023DB Equity Plan weighted average fair value per award granted 2022€ 9.5310
2024-03-11FY2023Cumulative Sustainable Finance Volumes279 billion10
2024-03-11FY2023Cost/income ratio (Private Bank)81.2%10
2024-03-11FY2023Cost/income ratio (Investment Bank)75.2%10
2024-03-11FY2023Cost/income ratio (Corporate Bank)57.9%10
2024-03-11FY2023Cost/income ratio (Asset Management)76.6%10
2024-03-11FY2023Cost/income ratio excl. nonoperating costs71.3%10
2024-03-11FY2023Cost income ratio75.1%10
2024-03-11FY2023Compound annual growth rate of revenues from 20216.6%10
2024-03-11FY2023Common shares issued January 1, 20222,066,773,13110
2024-03-11FY2023Common shares cancelled26,530,17210
2024-03-11FY2023Common shares December 31, 20232,040,242,95910
2024-03-11FY2023Common shares5,22310
2024-03-11FY2023Common Equity Tier 1 capital ratio13.710
2024-03-11FY2023Common Equity Tier 1 capital48.1 (EUR in € billion)10
2024-03-11FY2023Collateral securities prior year78 million10
2024-03-11FY2023Collateral securities81 million10
2024-03-11FY2023Collateral cash prior year1.2 billion10
2024-03-11FY2023Collateral cash1.4 billion10
2024-03-11FY2023Cash dividends per common share 20230.4510
2024-03-11FY2023Cash dividends per common share 20220.3010
2024-03-11FY2023Cash dividends per common share 20210.2010
2024-03-11FY2023Cash dividends declared 2023896,421,532 (EUR millions)10
2024-03-11FY2023Cash dividends declared 2022609,934,751 (EUR millions)10
2024-03-11FY2023Cash dividends declared 2021406,386,212 (EUR millions)10
2024-03-11FY2023CVA RWA5,27610
2024-03-11FY2023CET1 capital64,486 (EUR in € m.)10
2024-03-11FY2023CET1 Ratio13.7%10
2024-03-11FY2023CET1 capital ratio13.7%10
2024-03-11FY2023Book value per basic share outstanding€ 31.6410
2024-03-11FY2023Book value per basic share31.6410
2024-03-11FY2023Benefits expected to be paid 2029-20334,97410
2024-03-11FY2023Benefits expected to be paid 202893710
2024-03-11FY2023Benefits expected to be paid 202790310
2024-03-11FY2023Benefits expected to be paid 202687010
2024-03-11FY2023Benefits expected to be paid 202584310
2024-03-11FY2023Benefits expected to be paid 202485410
2024-03-11FY2023Average staff employed87,77710
2024-03-11FY2023Authorized capital expiration dateApril 30, 202610
2024-03-11FY2023Authorized capital€ 2,560,000,00010
2024-03-11FY2023Audit related fees1210
2024-03-11FY2023Audit fees6610
2024-03-11FY2023Assets under Management (Private Bank)559 (EUR in € bn)10
2024-03-11FY2023Assets under Management (Asset Management)896 (EUR in € bn)10
2024-03-11FY2023Allowance for loan losses5.2 billion10
2024-03-11FY2023Adjusted post-tax return on average tangible shareholders equity8.9%10
2024-03-11FY2023Additional IPCs to SRF in 2023119 million10
2024-03-11FY2023Additional IPCs to German deposit protection fund in 202354 million10
2024-03-11FY2023Actual benefit payments 202374610
2024-03-11FY2023AT1 capital8,600 (EUR in € m.)10
–FY2023Post-tax return on average tangible shareholders' equity9.4%8
–FY2023Net interest margin1.4%8
–FY2023Loan-to-deposit ratio78.6%8
–FY2023Liquidity coverage ratio142%8
–FY2023Leverage ratio4.6%8
–FY2023Cost/income ratio74.9%8
–FY2023Common Equity Tier 1 capital ratio13.4%8
2024-02-022023-Q4TBV per basic share outstanding€ 28.414
2024-02-022023-Q4RoTE7.4%4
2024-02-022023-Q4Risk-weighted assets350 (EUR billions)4
2024-02-022023-Q4Loans479 (EUR billions)4
2024-02-022023-Q4Leverage ratio4.5%4
2024-02-022023-Q4Deposits622 (EUR billions)4
2024-02-022023-Q4Cost/income ratio75.1%4
2024-02-022023-Q4CET1 ratio13.7%4
2023-10-272023-Q3NSFR121%2
2023-10-272023-Q3Loans485 (EUR bn)2
2023-10-272023-Q3Leverage ratio4.7%2
2023-10-272023-Q3LCR136%2
2023-10-272023-Q3Deposits611 (EUR bn)2
2023-10-272023-Q3CET1 ratio13.9%2
2023-10-272023-Q3Adjusted post-tax RoTE7.7%2
2023-10-272023-Q3Adjusted CIR71%2
2023-10-252023-Q3Shareholders equity64 bn7
2023-10-252023-Q3Risk-weighted assets354 bn7
2023-10-252023-Q3Post-tax return on average tangible shareholders' equity7.3%7
2023-10-252023-Q3Post-tax return on average shareholders' equity6.5%7
2023-10-252023-Q3Post-tax RoTE7.3%3
2023-10-252023-Q3Post-tax RoE6.5%3
2023-10-252023-Q3Net interest margin1.4%7
2023-10-252023-Q3Net inflows Private Bank Asset Management11 billion3
2023-10-252023-Q3net stable funding ratio121%3
2023-10-252023-Q3Loans (gross)485 bn7
2023-10-252023-Q3Loan-to-deposit ratio79.3%7
2023-10-252023-Q3Liquidity Coverage Ratio132%3
2023-10-252023-Q3Leverage ratio4.7%3
2023-10-252023-Q3Leverage ratio4.7%7
2023-10-252023-Q3High Quality Liquid Assets210 billion3
2023-10-252023-Q3Deposits611 bn7
2023-10-252023-Q3Cost/income ratio72.4%7
2023-10-252023-Q3Cost income ratio72%3
2023-10-252023-Q3Common Equity Tier 1 capital ratio13.9%7
2023-10-252023-Q3CET1 capital ratio13.9%3
2023-10-252023-Q3Branches1,4437
2023-10-252023-Q3Assets under Management Private Bank547 billion3
2023-10-252023-Q3Assets under Management860 billion3
2023-10-252023-Q3Allowance for loan losses5.1 bn7
2023-10-252023-Q3Adjusted post-tax RoTE9%3
2023-10-252023-Q3Adjusted cost income ratio68%3
2023-09-302023-Q3Stress tested non-recourse portfolio€ 32.4 billion5
2023-09-302023-Q3Contingent liabilities regulatory€ 0.2 billion5
2023-09-302023-Q3Contingent liabilities civil litigation€ 2.1 billion5
2023-09-302023-Q3Total shareholders' equity63,5435
2023-09-302023-Q3Total shareholders equity year-end 2022€ 61,959 million5
2023-09-302023-Q3Total shareholders equity Q3 2023€ 63,543 million5
2023-09-302023-Q3Total TLAC year-end 2022€ 115.907 billion5
2023-09-302023-Q3Total TLAC Q3 2023€ 116.177 billion5
2023-09-302023-Q3Total risk-weighted assets year-end 2022€ 360.0 billion5
2023-09-302023-Q3Total risk-weighted assets Q3 2023€ 354.3 billion5
2023-09-302023-Q3Tier 1 capital year-end 2022€ 56.6 billion5
2023-09-302023-Q3Tier 1 capital Q3 2023€ 57.7 billion5
2023-09-302023-Q3Tangible shareholders' equity56,9845
2023-09-302023-Q3TLTRO III borrowed€ 15.5 billion5
2023-09-302023-Q3TLAC ratio RWA-based year-end 202232.20%5
2023-09-302023-Q3TLAC ratio RWA-based Q3 202332.79%5
2023-09-302023-Q3Sustainable finance volume (per quarter/year), in EUR bn.115
2023-09-302023-Q3Stressed net liquidity position year-end 2022€ 48.1 billion5
2023-09-302023-Q3Stressed net liquidity position Q3 2023€ 41.4 billion5
2023-09-302023-Q3Risk-weighted assets, in EUR bn.354 (EUR millions)5
2023-09-302023-Q3Post-tax return on average tangible shareholders' equity7.3%5
2023-09-302023-Q3Post-tax return on average shareholders' equity6.5%5
2023-09-302023-Q3Operating Leverage(1.2)%5
2023-09-302023-Q3Net interest margin1.4%5
2023-09-302023-Q3Net stable funding ratio year-end 2022120%5
2023-09-302023-Q3Net stable funding ratio Q3 2023121%5
2023-09-302023-Q3NSFR surplus year end 2022€ 99 billion5
2023-09-302023-Q3NSFR surplus q3 2023€ 105 billion5
2023-09-302023-Q3MREL ratio year end 202234.35%5
2023-09-302023-Q3MREL ratio q3 202335.16%5
2023-09-302023-Q3Loan-to-deposit ratio79.3%5
2023-09-302023-Q3Liquidity reserves in € bn.2455
2023-09-302023-Q3Liquidity coverage ratio132%5
2023-09-302023-Q3Liquidity Coverage Ratio year end 2022142%5
2023-09-302023-Q3Liquidity Coverage Ratio q3 2023132%5
2023-09-302023-Q3Leverage ratio year end 20224.6%5
2023-09-302023-Q3Leverage ratio q3 20234.7%5
2023-09-302023-Q3Leverage ratio4.7%5
2023-09-302023-Q3Leverage exposure, in € bn.1,2355
2023-09-302023-Q3Leverage Exposure year end 2022€ 1,240.5 billion5
2023-09-302023-Q3Leverage Exposure q3 2023€ 1,235.2 billion5
2023-09-302023-Q3LCR surplus year end 2022€ 64 billion5
2023-09-302023-Q3LCR surplus q3 2023€ 51 billion5
2023-09-302023-Q3High-quality liquid assets (HQLA), in € bn.210 (EUR millions)5
2023-09-302023-Q3Economic capital supply year end 2022€ 50.0 billion5
2023-09-302023-Q3Economic capital supply q3 2023€ 50.2 billion5
2023-09-302023-Q3Economic capital demand year end 2022€ 20.9 billion5
2023-09-302023-Q3Economic capital demand q3 2023€ 22.2 billion5
2023-09-302023-Q3Economic capital adequacy ratio year end 2022239%5
2023-09-302023-Q3Economic capital adequacy ratio Q3 2023227%5
2023-09-302023-Q3Dividend per share (with respect to previous financial year)€ 0.305
2023-09-302023-Q3Cumulative Sustainable Finance Volumes€ 265bn5
2023-09-302023-Q3Cost/income ratio72.4%5
2023-09-302023-Q3Compound annual growth rate of revenues from 20216.9%5
2023-09-302023-Q3Common Equity Tier 1 capital ratio13.9%5
2023-09-302023-Q3CRE recourse exposure€ 50.9 billion5
2023-09-302023-Q3CRE non-recourse exposure€ 39.7 billion5
2023-09-302023-Q3CET1 ratio year-end 202213.4%5
2023-09-302023-Q3CET1 ratio Q3 202313.9%5
2023-09-302023-Q3CET1 capital year-end 2022€ 48,097 million5
2023-09-302023-Q3CET1 capital Q3 2023€ 49,401 million5
2023-09-302023-Q3Branches1,4435
2023-09-302023-Q3Basic shares outstanding2,053.9 (in million)5
2023-09-302023-Q3Available MREL year-end 2022€ 123.674 billion5
2023-09-302023-Q3Available MREL Q3 2023€ 124.591 billion5
2023-07-262023-H1Total shareholders equity Dec 202261,9599
2023-07-262023-H1Total shareholders equity62,4409
2023-07-262023-H1total assets1,300,293 (EUR in € m.)9
2023-07-262023-H1Tangible book value Dec 202255,632 (EUR in € m.)9
2023-07-262023-H1Tangible book value56,052 (EUR in € m.)9
2023-07-262023-H1Stress tested non-recourse portfolio32.99
2023-07-262023-H1Stress test additional credit losses8009
2023-07-262023-H1Russian exposure total1,4149
2023-07-262023-H1Russian exposure Dec 20221,4149
2023-07-262023-Q2Post-tax return on average tangible shareholders' equity5.4%6
2023-07-262023-H1Other irrevocable commitments Dec 202273.09
2023-07-262023-H1Other irrevocable commitments75.29
2023-07-262023-H1Non-recourse CRE portfolio Dec 202238.99
2023-07-262023-H1Non-recourse CRE portfolio40.19
2023-07-262023-Q2Net interest margin1.5%6
2023-07-262023-Q2loans gross482 (EUR € bn.)6
2023-07-262023-H1loans at amortized cost477,380 (EUR in € m.)9
2023-07-262023-Q2Loan-to-deposit ratio81.3%6
2023-07-262023-H1litigation charges Q2 20233959
2023-07-262023-H1litigation charges Q2 20221169
2023-07-262023-H1litigation charges H1 20234619
2023-07-262023-H1litigation charges H1 20221429
2023-07-262023-Q2liquidity coverage ratio137%6
2023-07-262023-Q2Leverage ratio4.7%6
2023-07-262023-H1key management personnel loans Dec 20225 (EUR in € m.)9
2023-07-262023-H1key management personnel loans5 (EUR in € m.)9
2023-07-262023-H1key management personnel deposits Dec 20228 (EUR in € m.)9
2023-07-262023-H1key management personnel deposits15 (EUR in € m.)9
2023-07-262023-H1Florida litigation verdict95 (in USD million)9
2023-07-262023-H1Federal Reserve penalty - sanctions AML140 (in USD million)9
2023-07-262023-H1Federal Reserve penalty - correspondent banking46 (in USD million)9
2023-07-262023-H1Federal Reserve civil penalty186 (in USD million)9
2023-07-262023-H1Epstein settlement75 (in USD million)9
2023-07-262023-H1disposal groups liabilities Dec 20222089
2023-07-262023-H1disposal groups liabilities2209
2023-07-262023-Q2deposits593 (EUR € bn.)6
2023-07-262023-H1deposits593,223 (EUR in € m.)9
2023-07-262023-Q2Cost/income ratio75.6%6
2023-07-262023-H1Cost/income ratio73.2%9
2023-07-262023-H1contingent liabilities regulatory Dec 20220.19
2023-07-262023-H1Contingent liabilities regulatory0.29
2023-07-262023-H1contingent liabilities civil litigation Dec 20221.89
2023-07-262023-H1Contingent liabilities civil litigation2.09
2023-07-262023-Q2common equity tier 1 capital ratio13.8%6
2023-07-262023-H1bank levy commitments Dec 20221.39
2023-07-262023-H1Bank levy commitments1.49
2023-07-262023-H1Assets held for sale Dec 202240 (EUR in € m.)9
2023-07-262023-H1Assets held for sale13 (EUR in € m.)9
2023-07-262023-H1Allowance for credit losses off balance sheet Dec 20224649
2023-07-262023-H1Allowance for credit losses off balance sheet4929
2023-07-262023-H1Total shareholders equity62,4409
2023-07-262023-H1TLAC ratio as percentage of RWA31.88%9
2023-07-262023-H1Stressed net liquidity position40.9 billion9
2023-07-262023-H1Risk weighted assets358,785 (EUR in € m.)9
2023-07-262023-Q2Post-tax return on tangible equity (RoTE) second quarter5.4%1
2023-07-262023-Q2Post-tax return on tangible equity (RoTE)6.8%1
2023-07-262023-H1Post-tax return on average tangible shareholders' equity6.8%9
2023-07-262023-H1Post-tax return on average shareholders' equity6.1%9
2023-07-262023-H1Net interest margin1.5%9
2023-07-262023-Q2Net inflows Private Bank and Asset Management second quarter€ 16 billion1
2023-07-262023-Q2Net inflows Private Bank and Asset Management first half€ 28 billion1
2023-07-262023-Q2net stable funding ratio119%1
2023-07-262023-H1net stable funding ratio119%9
2023-07-262023-H1MREL ratio33.80%9
2023-07-262023-H1Loan-to-deposit ratio81.3%9
2023-07-262023-Q2Liquidity reserves€ 244 billion1
2023-07-262023-Q2Liquidity coverage ratio137%1
2023-07-262023-H1Liquidity Coverage Ratio137%9
2023-07-262023-H1Liquidity Coverage Ratio137%9
2023-07-262023-Q2Leverage ratio4.7%1
2023-07-262023-H1Leverage ratio4.7%9
2023-07-262023-H1Leverage ratio4.7%9
2023-07-262023-Q2High Quality Liquid Assets€ 204 billion1
2023-07-262023-H1economic capital adequacy ratio223%9
2023-07-262023-Q2ESG volumes first half 2023€ 39 billion1
2023-07-262023-Q2Cumulative ESG-related financing and investment volumes€ 254 billion1
2023-07-262023-Q2Cost/income ratio second quarter76%1
2023-07-262023-Q2Cost/income ratio73%1
2023-07-262023-H1Cost/income ratio73.3%9
2023-07-262023-H1Common Equity Tier 1 capital ratio13.8%9
2023-07-262023-H1Common Equity Tier 1 capital ratio13.8%9
2023-07-262023-Q2Common Equity Tier 1 (CET1) ratio13.8%1
2023-07-262023-Q2Assets under management Asset Management€ 859 billion1
2023-07-262023-Q2Assets under Management Private Bank€ 541 billion1
2023-07-262023-H1Accumulated other comprehensive income loss net of tax0 (EUR in € m.)9
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Guidance Tracking (latest per metric/period · 38/50)#

All management forecasts (guidance) and their later outcome. Methodology

Actuals: revenue in €m

For periodGuided onMetricGuidedActualVerdictDirectionSource
FY20282026-08-20Return on tangible equity (RoTE)13%–pendinginitiated36
FY20282026-07-30Return on tangible equity13%–pendingconfirmed43
FY20282026-04-29Common Equity Tier 1 capital ratio13.5–14%–pendingconfirmed37
FY20282026-03-12Revenue37,000–pendinginitiated35
FY20282026-01-30RoTE13%–pendinginitiated33
FY20282026-01-30CET1 operating range13.5–14%–pendinginitiated33
FY20282026-01-30Payout ratio60%–pendinginitiated33
FY20282026-01-29Tax rate13%–pendingconfirmed37
FY20282026-01-29Cost/income ratio60%–pendingconfirmed36
FY20262026-04-29Revenue~33,000–pendingconfirmed43
FY20262026-04-29payout ratio60%–pendingconfirmed37
FY20262026-04-29cost/income65%–pendingconfirmed37
FY20262026-03-12Interest/Other21,000–pendingconfirmed40
FY20262026-03-12cost/income ratio65%–pendingconfirmed40
2026-Q12026-04-29 °Leverage ratio4.4%––initiated37
FY20252025-10-30CET1 ratio13.5–14%––confirmed30
FY20252025-10-29CET1 capital ratio13.5–14%––raised25
FY20252025-10-29Payout ratio50%––confirmed25
FY20252025-10-29Corporate & Other pre-tax loss~500––confirmed25
FY20252025-07-24Interest/Other20,800––confirmed31
FY20252025-07-24Profit before tax32,000––confirmed29
FY20252025-07-22Cost/income ratio~65%––confirmed30
FY20252025-07-22Common Equity Tier 1 capital ratio13.5–14%––confirmed25
FY20252025-07-22Compound annual growth rate of revenues from 20215.5–6.5%––raised28
FY20252025-07-22Revenues 2025 target (Group level)32,000––confirmed28
FY20252025-07-22Common Equity Tier 1 capital ratio objective13.5–14%––confirmed28
FY20252025-06-13Return on tangible equity10%––initiated24
FY20252025-06-13Return on Average Tangible Equity10%––confirmed24
FY20252025-06-13Cash dividend per share1––initiated24
FY20252025-01-31Provisions for credit losses350–400––initiated20
FY20252025-01-30Revenue32,00032,096beatconfirmed25
FY20252025-01-30Provision for credit losses350–400––confirmed24
FY20252024-03-11Dividend per share1––confirmed13
FY20252023-07-26Tax rate10%––confirmed25
FY20252023-07-26Total payout ratio50%––confirmed28
FY20252023-07-26Operational efficiencies2,500––confirmed1
FY20252023-07-26Capital efficiencies in risk weighted assets (RWAs)15,000–20,000––initiated1
FY20252023-07-26Cumulative ESG-related financing and investment volumes500,000––initiated1
FY20242025-06-15Interest/Otheressentially flat––confirmed13
FY20242025-06-15 °provision for credit losses1,800––raised13
FY20242025-06-13 °Dividend per share0.68––confirmed13
FY20242024-07-25Provisions for credit losses30––revised17
FY20242024-07-25Capital markets issuance13,000–18,000––confirmed17
FY20242024-07-24adjusted costs5,000––confirmed13
FY20242024-03-11Revenue30,00030,092beatconfirmed13
FY20242024-02-02Adjusted cost run-rate5,000––initiated4
FY20232023-09-30Revenue29,00028,879missconfirmed2
FY20232023-07-26Interest/Otherslightly higher compared to 2022––confirmed5
FY20232023-07-26Provision for credit losses25–30––confirmed2
FY20232023-07-26Provisions for credit losses25–30––initiated1
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Development#

A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Methodology

FY2026

In the first two reported quarters of fiscal year 2026, Deutsche Bank generated net revenues of 8,671 million in Q1 and 8,479 million in Q2, bringing first-half revenues to €17.2 billion, up 5% year-on-year 40. Profit before tax rose 50% year-on-year in Q1 to €3.0 billion 38 and 11% in Q2 to €2,680 million 39, yielding a first-half after-tax profit of a record €4.1 billion, up 9% year-on-year 44. Net income reached 1,912 million in Q1 and 1,640 million in Q2, with diluted earnings per share of 1.06 and 0.57 respectively 140 143. The group reaffirmed its full-year 2026 revenue ambition of approximately €33 billion with a strong first-half foundation 41, and announced a second €500 million share repurchase program from H1 2026 earnings 40. The sale of the Private Bank's India franchise to Kotak Mahindra Bank, expected to close in Q3 2027, was announced as a capital-accretive measure 40.

FY2025

Deutsche Bank delivered full-year 2025 net revenues of 32,096 million, a 7% increase year-on-year in line with its guidance of around €32 billion 35. Net income attributable to Deutsche Bank shareholders reached 6,122 million, with diluted earnings per share of 3.09, reflecting strong operational performance and the non-recurrence of Postbank takeover litigation charges that had weighed on 2024 results 27 35. The post-tax return on average tangible shareholders' equity improved to 10.3%, exceeding the 2025 target of above 10%, while the cost/income ratio improved to 64%, meeting the below 65% target 35. All four business divisions delivered double-digit pre-tax profit growth and achieved double-digit returns on tangible equity simultaneously for the first time, with Private Bank pre-tax profit up 95% to €2.3 billion and Asset Management approaching €1 billion pre-tax profit for the first time 35. At year-end Deutsche Bank announced the 'Scaling the Global Hausbank' medium-term strategy for 2026 to 2028, targeting post-tax RoTE above 13% and a cost/income ratio below 60%, while proposing capital distributions of €2.9 billion for 2025 32.

FY2024

Deutsche Bank AG reported full-year 2024 net revenues of 30,092 million, up 4% year-on-year and the fifth consecutive annual increase, driven by Investment Bank revenue growth of 15% and Origination & Advisory revenues rising 61% 19 24. Net profit attributable to Deutsche Bank shareholders was 3,505 million, below the prior year, as profit before tax of €5.3 billion included approximately €1.7 billion in Postbank takeover litigation costs; adjusted for specific litigation items, management stated profit before tax was €7.0 billion, up 16% 19. The largest single within-year event was a €1.3 billion litigation provision recorded in Q2 2024 for pending Postbank takeover claims, which was partially released by €440 million in Q3 2024 following settlement agreements covering more than 60% of claims by value 12 24. The CET1 capital ratio stood at 13.8% at year-end, and Asset Management assets under management surpassed €1 trillion for the first time, with net inflows of €42 billion into passive strategies during 2024 19 24. For 2025, Deutsche Bank announced total capital distributions of €2.1 billion, including a proposed dividend of €0.68 per share, and reaffirmed targets of approximately €32 billion in revenues, a post-tax return on tangible equity above 10%, and a cost/income ratio below 65% 19.

FY2023

Deutsche Bank AG posted total net revenues of EUR 28,879 million in FY 2023, a 6% increase year-on-year, with Corporate Bank revenues up 22% and Private Bank revenues up 5% more than offsetting a 9% decline in Investment Bank revenues 10. Pre-tax profit reached €5.7 billion, described as the highest level in 16 years, while profit attributable to Deutsche Bank shareholders was EUR 4,892 million 10. The Common Equity Tier 1 capital ratio strengthened to 13.7% at December 31, 2023 from 13.4% at year-end 2022, supported by a €13 billion reduction in risk-weighted assets 10. Material events included the completion of the Postbank IT migration in July 2023, transferring approximately 12 million customers onto Deutsche Bank's platform, and the completion of the Numis Corporation acquisition in October 2023 for GBP 397 million 10. The bank raised its compound annual revenue growth target to 5.5% to 6.5% for 2021 to 2025 and proposed a dividend of €0.45 per share for 2023, up from €0.30 per share for 2022 10.

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Glossary#

  • Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
  • Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
  • EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
  • OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
  • Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
  • *: derived, the formula is in the hover
  • ≈: calculated, approximation
  • ~: uncertain; the value stays visible, verdicts do not use it
  • °: repaired by a targeted query against the document, or curated with documentary evidence
  • EBIT: EBIT as a fallback: the income statement carries no operating line
  • basic: basic earnings per share as a fallback when diluted is missing
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Sources: quarterly reports, annual reports and investor relations documents#

All original documents NadirAlpha used for this report, with type (quarterly report, half-year report, annual report, earnings release), publication date and a direct link to the filing (EDINET/SEC/IR). Methodology

44 documents · 2023 to 2026 · IR
#Document typePublishedLink
#8IR-Quarter quarterly report–Open
#9 / #109IR-Half half-year report–Open
#10 / #111IR-Annual annual report–Open
#11IR-Annual annual report–Open
#1IR-Quarter quarterly report2023-07-26Open
#6 / #106IR-Quarter quarterly report2023-07-26Open
#5 / #105IR-Quarter quarterly report2023-09-30Open
#3IR-Quarter quarterly report2023-10-25Open
#7 / #107IR-Quarter quarterly report2023-10-25Open
#2 / #102IR-Quarter quarterly report2023-10-27Open
#4IR-Quarter quarterly report2024-02-02Open
#16 / #117IR-Half half-year report2024-07-22Open
#14IR-Quarter quarterly report2024-07-24Open
#18 / #119IR-Quarter quarterly report2024-07-24Open
#17 / #118IR-Quarter quarterly report2024-07-25Open
#12IR-Quarter quarterly report2024-10-23Open
#15 / #116IR-Quarter quarterly report2024-10-23Open
#19IR-Quarter quarterly report2025-01-30Open
#20 / #121IR-Quarter quarterly report2025-01-31Open
#24 / #126IR-Annual annual report2025-06-13Open
#22IR-Annual annual report2025-06-14Open
#23IR-Annual annual report2025-06-14Open
#13 / #114IR-Quarter quarterly report2025-06-15Open
#21IR-Annual annual report2025-07-04Open
#28 / #130IR-Half half-year report2025-07-22Open
#29IR-Quarter quarterly report2025-07-24Open
#25 / #127IR-Quarter quarterly report2025-10-29Open
#26IR-Quarter quarterly report2025-10-29Open
#31IR-Quarter quarterly report2025-10-29Open
#30 / #132IR-Quarter quarterly report2025-10-30Open
#32IR-Quarter quarterly report2026-01-29Open
#33 / #135IR-Quarter quarterly report2026-01-30Open
#27 / #129IR-Quarter quarterly report2026-03-12Open
#34IR-Annual annual report2026-03-12Open
#35 / #138IR-Annual annual report2026-03-12Open
#37 / #140IR-Quarter quarterly report2026-04-29Open
#38IR-Quarter quarterly report2026-04-29Open
#42 / #145IR-Quarter quarterly report2026-04-29Open
#41IR-Quarter quarterly report2026-04-30Open
#40 / #143IR-Half half-year report2026-07-27Open
#39 / #142IR-Quarter quarterly report2026-07-29Open
#44IR-Quarter quarterly report2026-07-29Open
#43IR-Quarter quarterly report2026-07-30Open
#36IR-Quarter quarterly report2026-08-20Open

FAQ#

Is there a management forecast (guidance) for FY2028?

Yes. Management has issued targets for FY2028, including Return on tangible equity (RoTE). The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.

Which additional key figures does Deutsche Bank AG report?

As reported for Q2 2026: Leverage ratio, Cost/income ratio, Common Equity Tier 1 capital ratio, Liquidity Coverage Ratio, CET1 ratio, Assets under Management (Asset Management). The chapter Reported KPIs lists every value with its source. Revenue is broken down by Investment Bank, Private Bank, Corporate Bank, Asset Management.

Does Deutsche Bank AG pay a dividend?

The filings report on the dividend; most recent entry: dividends paid (264) (FY2025) (as reported, no assessment of our own). Details with source links are in the report chapters.

Where can I find the official investor relations documents of Deutsche Bank AG?

NadirAlpha links all 67 original filings used (IR documents) in the sources chapter: quarterly report, annual report, half-year report, each with type, publication date and a direct link; every figure in the report carries a source number.

More reports by NadirAlpha#

All reports · German Stocks (31)

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