in € m. (except nominal value)

[Notes]

Dec 31, 2006

Dec 31, 2005

Assets:

Cash and due from banks

[21]

7,009

6,571

Interest-earning deposits with banks

[32]

19,470

11,963

Central bank funds sold and securities purchased under resale agreements

[10], [32]

138,763

130,993

Securities borrowed

[10], [32]

108,266

101,125

Trading assets

[4], [10], [32]

of which € 84 billion was pledged to creditors and can
be sold or repledged at December 31, 2006 and
December 31, 2005

516,839

448,393

Securities available for sale

[5], [10], [32]

of which € 23 million and € 21 million were pledged to creditors and can be sold or repledged at December 31, 2006 and 2005, respectively

22,054

21,675

Other investments

[6], [32]

5,357

7,382

Loans, net

[7], [8], [10], [31], [32]

168,134

151,355

Premises and equipment, net

[10], [11]

4,149

5,079

Goodwill

[12]

7,144

7,045

Other intangible assets, net

[12]

1,267

1,198

Other assets

[14], [25]

127,778

99,382

Total assets

1,126,230

992,161

Liabilities:

Deposits

[15], [32]

408,782

380,787

Trading liabilities

[4], [32]

218,854

194,347

Central bank funds purchased and securities sold under repurchase agreements

[32]

187,129

143,524

Securities loaned

[32]

23,240

24,581

Other short-term borrowings

[16], [19], [32]

19,793

20,549

Other liabilities

[14], [19], [24], [25], [28]

99,672

81,377

Long-term debt

[17], [19], [32]

132,495

113,554

Obligation to purchase common shares

[18]

3,457

3,506

Total liabilities

1,093,422

962,225

Shareholders’ equity:

Common shares, no par value, nominal value of € 2.56

[20]

1,343

1,420

Issued: 2006, 524.8 million shares; 2005, 554.5 million shares

Additional paid-in capital

14,424

11,672

Retained earnings

25,069

22,628

Common shares in treasury, at cost:

(2,378)

(3,368)

2006, 26.1 million shares; 2005, 49.0 million shares

Equity classified as obligation to purchase common shares

[18]

(3,457)

(3,506)

Share awards

–

2,121

Accumulated other comprehensive income (loss):

Deferred tax on unrealized net gains on securities available for sale relating to 1999 and 2000 tax rate changes in Germany

(2,165)

(2,164)

Unrealized net gains on securities available for sale, net of applicable tax and other

2,779

2,498

Unrealized net gains (losses) on derivatives hedging variability of cash flows, net of tax

(44)

9

Adjustment to apply initially SFAS 158, net of tax

(549)

–

Minimum pension liability, net of tax

–

(8)

Foreign currency translation, net of tax

(2,214)

(1,366)

Total accumulated other comprehensive loss

(2,193)

(1,031)

Total shareholders’ equity

[20], [22]

32,808

29,936

Total liabilities and shareholders’ equity

1,126,230

992,161

Commitments and contingent liabilities

[11], [30], [33]