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Deutsche Bank 
Indice: DAX 30

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

http://www.db.com


29.10.2013 Deutsche Bank reports third quarter 2013 net income of EUR 51 million impacted by significant litigation charges

Group income before income taxes (IBIT) of EUR 18 million included EUR 1.2 billion of litigation related charges
Core Bank IBIT of EUR 1.2 billion
Group net revenues declined 10% to EUR 7.7 billion year-on-year
Core Bank net revenues of EUR 7.4 billion
Noninterest expenses of EUR 7.2 billion increased 4% from the prior year largely due to litigation related charges
Net income of EUR 51 million; diluted earnings per share of EUR 0.04
Post-tax return on average active equity for the first nine months 2013 of 4.9% for the Group and 10.3% in the Core Bank
Capital and de-risking

9.7% Common Equity Tier 1 capital ratio according to CRD 4 pro-forma fully loaded as of 30 September 2013
CRD 4 leverage ratio exposure reduction of EUR 64 billion in 3Q2013
Leverage ratio at 3.1% as of 30 September 2013 on a CRD 4 pro-forma adjusted fully loaded basis
Litigation reserves increased to EUR 4.1 billion, including EUR 1.2 billion of additional provisions taken in 3Q2013

Segment highlights

Corporate Banking & Securities: IBIT of EUR 345 million driven by a 26% revenue decrease year-on-year, only partially offset by a 10% decline in noninterest expenses
Global Transaction Banking: IBIT of EUR 379 million reflects stable revenue performance; noninterest expenses declined 14% year-on-year
Deutsche Asset & Wealth Management: IBIT of EUR 283 million, a 151% year-on-year increase attributable to a 12% decline in noninterest expenses
Private & Business Clients: IBIT of EUR 347 million reflects seasonal slow down and the non-recurrence of several non operating items
Non-Core Operations Unit: Loss before income taxes of EUR 1.2 billion mainly impacted by litigation related expenses
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today reported results for 3Q2013.

Jürgen Fitschen and Anshu Jain, Co-Chairmen of the Management Board (Co-CEOs), said: “In the third quarter we met several challenges. We took substantial litigation charges and saw reduced profits in investment banking, leading to a lower quarterly result. Notwithstanding this, we made progress in key areas. In this quarter alone, we achieved approximately 15% of our 2015 balance sheet reduction target of EUR 250 billion. Our Operational Excellence Program remained on track in delivering cost savings and we sustained investments in our control functions. In addition, Deutsche Asset & Wealth Management produced one of its strongest ever quarters.”

They added: “We’re moving forward, step by step, on our three-year strategic journey of building a world-class platform for Deutsche Bank. Along the way, we have confronted challenges and will meet others in coming quarters. However, we are encouraged by our progress against our long-term objectives and are confident that we will deliver.”




Deutsche Bank reports second quarter 2011 net income of EUR 1.2 billion 

April 28, 2011
Deutsche Bank reports first quarter 2011 net income of EUR 2.1 billion
Net income of EUR 2.1 billion matches Deutsche Bank’s best ever quarter 
Income before income taxes (IBIT) was EUR 3.0 billion in the first quarter 
CIB and PCAM income before income taxes of EUR 3.5 billion; on track to achieve 2011 EUR 10 billion target 
Strong capital generation, aided by increased risk efficiency, strengthened core tier 1 ratio to 9.6% from 8.7% at year end 2010 
Pre-tax return on average active equity of 24%
Corporate & Investment Bank: Robust quarter with strong revenues and increased market share
Income before income taxes of EUR 2.6 billion 
Sales & Trading revenues of EUR 4.6 billion, only a 3% decline from first quarter 2010: Reflecting robust client activity and a well diversified franchise 
Origination and Advisory achieved top 5 ranks in M&A, ECM, High Yield and Investment Grade bonds globally; overall top 4 ranking is best ever for first quarter 
GTB pre-tax profit increased by 115% year over year driven by higher revenue contribution from all business activities
Private Clients and Asset Management: Record IBIT reflects successful execution of strategic initiatives as well as volume increases
Income before income taxes of EUR 978 million compared to EUR 184 million in first quarter 2010 reflecting broad-based increase in earnings capacity 
Private & Business Clients IBIT of EUR 788 million on increased business volume in all products, impact relating to Hua Xia and strong Postbank contribution 
Asset and Wealth Management income before income taxes of EUR 190 million due to disciplined cost control and increased revenues on higher invested assets 
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today reported results for the first quarter 2011.
 

Deutsche Bank increases equity stake in Hua Xia Bank to 19.99%
Frankfurt am Main / Beijing, May 6, 2010
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced that it had signed a binding agreement to subscribe to newly issued shares in Hua Xia Bank for a total subscription price of up to RMB 5,749 million (approx. EUR 636 million). Deutsche Bank's subscription is part of a private placement of Hua Xia Bank shares to its three largest shareholders with an overall issuance value of up to RMB 20.8 billion (approx. EUR 2.3 billion). Subject to regulatory approvals, this investment will increase Deutsche Bank's equity stake in Hua Xia Bank from 17.12% of issued capital to 19.99%, the maximum single foreign ownership level as permitted by Chinese regulations. 
Deutsche Bank reports first quarter 2010 net income of EUR 1.8 billion
Net revenues of EUR 9.0 billion, up 24% 
Second best quarterly income before income taxes of EUR 2.8 billion
Corporate and Investment Bank: Record income before income taxes, with strong revenues in Sales & Trading debt and equities 
Pre-tax return on average active equity of 30% 
Tier 1 capital ratio of 11.2% 
First-time consolidation of Sal. Oppenheim Group 
EUR 1.0 trillion in PCAM invested assets, an increase of EUR 125 billion 
Leverage ratio, per target definition, held steady at 23
Frankfurt am Main, April 27, 2010
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today reported results for the first quarter 2010. Net income for the quarter was EUR 1.8 billion, compared to EUR 1.2 billion in the first quarter 2009. Diluted earnings per share for the quarter were EUR 2.66, versus EUR 1.92 in the first quarter 2009. Income before income taxes was EUR 2.8 billion in the quarter, versus EUR 1.8 billion in the first quarter 2009. Pre-tax return on average active equity for the quarter was 30%. 
Dr. Josef Ackermann, Chairman of the Management Board, said: "The economic environment clearly stabilized in the first quarter 2010, but is not without some remaining vulnerability. In this environment, Deutsche Bank has once again demonstrated its earnings power, and has achieved the second best quarterly pre-tax result ever." 
He added: "The key component for achieving the very good result in the first quarter 2010 was our global investment banking franchise. The Corporate and Investment Bank (CIB) generated a pre-tax profit of EUR 2.7 billion, a new record quarterly result. This is all the more remarkable as it was achieved despite the fact that the Bank has significantly reduced its risk positions and cut its proprietary trading activities to a very low level." 
Group Highlights 
Net revenues for the quarter were EUR 9.0 billion, up 24% versus EUR 7.2 billion for the first quarter of 2009. This performance reflects strong revenues in Corporate Banking & Securities, as well as lower mark-downs and impairments. First quarter revenues in 2010 reflected EUR 241 million of net mark-downs predominantly related to monolines. The first quarter of 2009 included EUR 1.0 billion of mark-downs, primarily against monoline insurers, and an impairment charge of EUR 500 million on The Cosmopolitan Resort and Casino property.
In the Corporate and Investment Bank (CIB), net revenues were EUR 6.6 billion versus EUR 4.9 billion in the first quarter 2009.
....

Deutsche Bank publishes its Annual Report 2009 and Remuneration Report
Frankfurt am Main, March 16, 2010
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) published its Annual Report for 2009 today. It consists of two sections: Annual Review and Financial Report. The Annual Review presents the bank's corporate profile and corporate divisions, the development of the share as well as the bank's staff and its corporate social responsibility activities. The Financial Report contains the audited Consolidated Financial Statements of Deutsche Bank for the 2009 financial year, prepared in accordance with the International Financial Reporting Standards (IFRS). 
Josef Ackermann, Chairman of the Management Board, writes in his letter to the shareholders: "2009 was a year of considerable achievement for Deutsche Bank. Financially, we delivered a significant turnaround after the exceptionally difficult conditions of 2008. We delivered substantial profitability with a significantly lower balance sheet, while risk-weighted assets declined steadily. Strategically, we laid a firm basis for success in the post-crisis era."
In its Financial Report, the bank also presents an extensive outlook, on pages 130-137. On the development of the banking industry, it states: "The banking industry is likely to slowly progress towards a new form of normality in 2010 and 2011, in an environment of fundamentally changed regulation, with new market structures and altered investor preferences." 
Deutsche Bank will continue to be impacted by this. "However, with the flight to quality in the post-crisis competitive environment, there are opportunities for Deutsche Bank to capture market share. Based on certain assumptions about the competitive environment (including no further major market dislocations, a normalization of asset valuations, high single-digit growth in the global fee pool, margins stabilizing at levels which remain higher than the pre-crisis period and modest but positive global GDP growth of at least 2%), Deutsche Bank sees potential income before income taxes in its core businesses for 2011 of € 10 billion."
As stated in the Financial Report (pages 116ff), total compensation for the eight members of the Management Board came to € 38.98 million for 2009. The compensation approved for the Chairman of the Management Board, Josef Ackermann, amounted to € 9.55 million for the 2009 financial year. Of this figure, 70 percent is deferred and will first be disbursed at a later date depending on the future development of Group earnings. For the year 2008 the entire Management Board waived its variable compensation components. 
The number of Deutsche Bank shareholders continued to increase in 2009. According to the Annual Review (page 20), there were 586,295 shareholders at the end of 2009, compared to 581,938 in 2008. At the end of 2009, 46 percent of the shares were held by shareholders from Germany. In 2008, this figure stood at 55 percent.
 

Deutsche Bank reports third quarter 2009 net income of EUR 1.4 billion
Net revenues of EUR 7.2 billion 
Income before income taxes of EUR 1.3 billion 
Tier 1 capital ratio of 11.7%; core Tier 1 ratio of 8.1% 
Best-ever third quarter revenues in Sales & Trading 
PCAM: Net new money inflows of EUR 11 billion 
Total assets, on a U.S. GAAP pro-forma basis, stable at EUR 915 billion, down by 31% since 30 September 2008 
Frankfurt am Main, October 29, 2009
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today reported results for the third quarter and first nine months of 2009. Net income for the quarter was EUR 1.4 billion, up from EUR 414 million in the third quarter 2008. Expected taxation on pre-tax income was more than offset by specific tax items during the quarter. These items represent EUR 369 million of net tax benefits and mainly relate to tax audit settlements for prior years, which were partly offset by the revaluation of deferred tax positions. Diluted earnings per share were EUR 2.10, up from EUR 0.83 in the prior year period. Income before income taxes was EUR 1.3 billion, up from EUR 93 million in the third quarter 2008. Pre-tax return on average active equity for the quarter was 15%, compared to 1% in the prior year quarter. Per the Group's target definition, which excludes significant gains and charges, pre-tax return on average active equity was 14%. 
For the first nine months of 2009, net income was EUR 3.6 billion, compared with EUR 918 million in the first nine months of 2008. Income before income taxes was EUR 4.4 billion, versus EUR 481 million in the prior year period. Diluted earnings per share were EUR 5.62, versus EUR 1.85 in the first nine months of 2008. Pre-tax return on average active equity was 17%, compared to 2% in the prior year period, while per target definition, pre-tax return on average active equity was 18%, versus negative 3% in the prior year period. 
Dr. Josef Ackermann, Chairman of the Management Board, said: "In this quarter, we again delivered a solid profit, whilst maintaining balance sheet discipline and further bolstering our capital strength; in addition, we took important steps in expanding our platform. All our business segments were profitable in the quarter. Across our sales and trading platform, we maintained and extended the reductions in balance sheet and risk-weighted assets which reflect our strategic decision to reduce levels of trading risk, even at the expense of short-term revenue gains in some business areas."
He added: "Deutsche Bank has proved its resilience in an exceptionally tough environment, and has indeed emerged stronger from the crisis. This creates opportunities for us to bolster our long-term competitive position. Looking ahead, we see challenges and opportunities in the environment. We are well-prepared for both." 

Deutsche Bank reports second quarter 2009 net income of EUR 1.1 billion
Net revenues of EUR 7.9 billion 
Income before income taxes of EUR 1.3 billion 
Tier 1 capital ratio of 11.0% 
Risk-weighted assets reduced by EUR 21 billion, or 7%, to EUR 295 billion 
Balance sheet reduced by 6% during quarter and by 31% since 30 June 2008 (U.S. GAAP pro-forma) 
Level 3 assets reduced by EUR 16 billion, or 20%, during the quarter 
Leverage ratio, per target definition, further reduced to 24
Frankfurt am Main, July 28, 2009
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today reported results for the second quarter and first half of 2009. Net income for the quarter was EUR 1.1 billion, up 67% versus EUR 645 million in the second quarter 2008. Diluted earnings per share were EUR 1.64, versus EUR 1.27 in the prior year quarter. Income before income taxes was EUR 1.3 billion, up 105% versus EUR 642 million in the prior year quarter. The current quarter result was affected by the absorption of EUR 1.4 billion of specific charges, mainly in noninterest expenses and provision for credit losses, which were in part counterbalanced by EUR 758 million of specific positive revenue effects. Pre-tax return on average active equity, on a reported basis was 15%, and as per the bank's target definition, which excludes significant gains and charges, was 16%. 
For the first six months of 2009, net income was EUR 2.3 billion, versus EUR 504 million in the first six months of 2008. Income before income taxes was EUR 3.1 billion, versus EUR 388 million. Pre-tax return on average active equity was 19%, versus 3%, while per the firm's target definition, pre-tax return on average active equity was 20%, versus negative 4%. Diluted earnings per share were EUR 3.53, versus EUR 1.01 in the first six months of 2008. 
Dr. Josef Ackermann, Chairman of the Management Board, said: "In conditions which contained both opportunities and challenges, Deutsche Bank turned in very satisfactory results. The outlook for the remainder of 2009 is strongly influenced by progress in the global economy. In an uncertain environment, Deutsche Bank is well prepared. We have taken good advantage of improved conditions on financial markets, but we have also reduced costs and balance sheet risks, and strengthened our capital and liquidity base, all of which leaves us well-placed to confront near-term challenges. Whilst we continue to maintain strict balance sheet discipline, we also remain committed to supporting customers in a difficult credit environment. For private customers of Deutsche Bank branches in Germany, new mortgage lending is up by over 50% since a year ago, and our volume of loans to 'Mittelstand' companies is now around EUR 3 billion higher than at the onset of the crisis in late 2007."
Ackermann added: "We have witnessed stabilization of the world's banking industry and financial markets. Increased liquidity and lower volatility in financial markets are both supportive for our business. Our strategic focus and proven business model, our leading franchises in critical areas, and our financial strength, all position us well to take full advantage of opportunities, as and when business conditions improve."
Group Highlights
Net revenues for the quarter were EUR 7.9 billion, up 46% versus EUR 5.4 billion, after mark-downs of EUR 2.3 billion, in the second quarter of 2008. Net revenues in the current quarter included EUR 176 million of fair value losses on Deutsche Bank's own debt, compared with a fair value gain of EUR 15 million in the prior year quarter.
In the Corporate and Investment Bank (CIB), net revenues for the quarter were EUR 5.3 billion, up 84% versus the second quarter of 2008.
In Corporate Banking & Securities (CB&S), net revenues for the quarter were EUR 4.6 billion, up 110% versus the prior year quarter, driven predominantly by revenues in Sales & Trading, which were EUR 3.5 billion, compared to revenues of EUR 1.4 billion, after EUR 2.1 billion of mark-downs, in the prior year quarter. Revenues in Sales & Trading (debt and other products) were EUR 2.6 billion, reflecting substantial year-on-year growth in 'flow' products, including interest rate trading and money markets, and significant year-on-year gains in emerging markets debt trading. In credit trading, losses from legacy proprietary trading positions were significantly reduced versus the first quarter of 2009. In Sales & Trading (equity), revenues were EUR 903 million, the highest level for the last six quarters, and compared to EUR 830 million in the prior year quarter. This development primarily reflects a significant year-on-year improvement in equity derivatives trading, mainly in European flow and structured products, and solid volumes in cash equity trading, in an environment of rallying equity indices and increasing primary equity issuance during the quarter. Revenues in Origination were EUR 654 million, versus EUR 266 million in the prior year quarter, driven in part by increased volumes of both debt and equity issuance, an improving market environment for high-yield debt origination, and the non-recurrence of mark-downs of EUR 204 million related to leveraged loans and loan commitments  in the second quarter 2008. Advisory revenues were EUR 72 million, down from EUR 125 million in the prior year quarter, against a backdrop of the lowest quarterly market volumes of global M&A activity since the third quarter 2004.

In Global Transaction Banking (GTB), net revenues were EUR 653 million, down 3% versus the prior year quarter. This development reflects the negative impact of lower interest rates, partly counterbalanced by a positive impact of EUR 55 million from a revision of the bank's risk-based funding framework and market share gains in key product areas. Revenues grew in Trade Finance year-on-year despite lower volumes of world trade in more difficult economic conditions.
 

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