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Continuing to deliver on our Targets

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Deutsche Bank once again successfully delivered on its stated financial objectives in 2007, showing commendable resilience in the face of adverse market conditions. Per our target definition, which excludes significant gains and charges, pre-tax return on average equity was 26% for the year, ahead of our over-the-cycle target of 25%, and diluted earnings per share grew by 55 cents to € 10.79.

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Continuing to deliver on our Targets

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