Deutsche Bank Interim Report as of September 30, 2005

Deutsche Bank – The Group at a Glance
	Nine months ended
	Sep 30, 2005	Sep 30, 2004
Share price at period end	€ 77.82	€ 57.87
Share price high	€ 78.50	€ 77.77
Share price low	€ 60.90	€ 52.37
Basic earnings per share	€ 6.52	€ 4.55
Diluted earnings per share¹	€ 5.95	€ 4.13
Average shares outstanding, in m., basic	466	500
Average shares outstanding, in m., diluted	506	539
Return on average total shareholders' equity (after tax)	14.9%	10.9%
Adjusted return on average active equity (after tax)	18.4%	12.7%
Pre-tax return on average total shareholders' equity	24.8%	17.9%
Pre-tax return on average active equity	27.6%	19.7%
Cost/income ratio	72.1%	75.4%
	in € m.	in € m.
Total revenues	19,102	16,605
Provision for loan losses	256	361
Total noninterest expenses	13,771	12,516
Income before income tax expense and cumulative effect of accounting changes	5,075	3,728
Net income	3,042	2,277
Underlying revenues	18,439	16,157
Provision for credit losses	252	282
Operating cost base	13,268	12,481
Underlying pre-tax profit	4,886	3,389
Underlying pre-tax return on average active equity	26.6%	17.9%
Underlying cost/income ratio	72.0%	77.2%
	Sep 30, 2005	Dec 31, 2004
	in € bn.	in € bn.
Total assets	972	840
Loans, net	146	136
Shareholders' equity	30.0	25.9
BIS core capital ratio (Tier I)	9.0%	8.6%
	Number	Number
Branches	1,576	1,559
thereof in Germany	834	831
Employees (full-time equivalent)	63,751	65,417
thereof in Germany	26,741	27,093
Long-term rating
Moody's Investors Service, New York	Aa3	Aa3
Standard & Poor's, New York	AA–	AA–
Fitch Ratings, New York	AA–	AA–

	The reconciliation of average active equity, underlying measures and ratios from reported figures is provided in the chapter Reconciliation.
¹	Including numerator effect of assumed conversions. The effect for the nine months ended September 30, 2005 and September 30, 2004 was € (0.06) and € (0.09), respectively.

Fact Sheet