skip to main navigation-menu | skip to language-switch and search form | skip to toolbox (printing and others)

Main Content

Segmental Results of Operations 2Q2007

The following tables present the results of the business segments including the reconciliation to the consolidated results under IFRS for the three months ended June 30, 2007 and 2006.

[Enlarge table]

Three months ended
Jun 30, 2007

Corporate and Investment Bank

Private Clients and Asset Management

Corporate
Invest-
ments

Consoli-
dation &
Adjust-
ments

Total
Consoli-
dated

in € m.
(unless stated otherwise)

Corporate
Banking &
Securities

Global
Trans-
action
Banking

Total

Asset and
Wealth
Manage-
ment

Private &
Business
Clients

Total

Net revenues

5,308

656

5,964

1,140

1,442

2,582

2591

(22)

8,782

Provision for credit losses

(42)

(0)

(42)

(0)

124

124

(0)

(1)

81

Total noninterest expenses

3,596

409

4,006

845

1,021

1,866

32

98

6,002

therein:

 

 

 

 

 

 

 

 

 

Impairment of intangible assets

–

–

–

–

–

–

–

–

–

Restructuring activities

0

(0)

0

(1)

(0)

(1)

(0)

–

(1)

Minority interest

2

–

2

3

0

3

(6)

0

–

Income before income tax expense

1,752

247

1,998

292

297

588

233

(120)

2,699

Cost/income ratio

68 %

62 %

67 %

74 %

71 %

72 %

12 %

N/M

68 %

Assets2

1,796,948

29,965

1,812,626

36,866

104,687

141,512

16,834

8,476

1,938,185

Average active equity3

19,509

1,098

20,607

5,104

3,476

8,581

422

146

29,755

Pre-tax return on average active equity4

36 %

90 %

39 %

23 %

34 %

27 %

N/M

N/M

36 %

N/M – Not meaningful

1

Includes gain from the sale of premises (sale and leaseback transaction 60 Wall Street) of € 131 million.

2

The sum of corporate divisions does not necessarily equal the total of the corresponding group division because of consolidation items between corporate divisions, which are to be eliminated on group division level. The same approach holds true for the sum of group divisions compared to ‘Total Consolidated’.

3

For management reporting purposes goodwill and other intangible assets with indefinite lives are explicitly assigned to the respective divisions. Average active equity is first allocated to divisions according to goodwill and intangible assets, remaining average active equity is allocated to the divisions in proportion to the economic capital calculated for them.

4

For the calculation of pre-tax return on average active equity please refer to page 74 of this document. For ‘Total Consolidated’ pre-tax return on average shareholders’ equity is 30 %.

[Enlarge table]

Three months ended
Jun 30, 2006

Corporate and Investment Bank

Private Clients and Asset Management

Corporate
Invest-
ments

Consoli-
dation &
Adjust-
ments

Total
Consoli-
dated

in € m.
(unless stated otherwise)

Corporate
Banking &
Securities

Global
Trans-
action
Banking

Total

Asset and
Wealth
Manage-
ment

Private &
Business
Clients

Total

Net revenues

4,055

566

4,621

1,065

1,258

2,323

160

(167)

6,936

Provision for credit losses

(13)

(6)

(19)

0

94

94

6

0

82

Total noninterest expenses

2,713

372

3,085

829

911

1,740

44

(57)

4,812

therein:

 

 

 

 

 

 

 

 

 

Impairment of intangible assets

–

–

–

–

–

–

–

–

–

Restructuring activities

17

8

25

10

22

32

0

–

57

Minority interest

11

–

11

(6)

0

(6)

0

(5)

–

Income before income tax expense

1,345

199

1,544

242

252

494

109

(105)

2,042

Cost/income ratio

67 %

66 %

67 %

78 %

72 %

75 %

28 %

N/M

69 %

Assets (as of Dec 31, 2006)1

1,446,484

25,646

1,455,615

35,922

94,709

130,591

17,783

7,811

1,571,768

Average active equity2

15,374

1,025

16,399

4,854

2,110

6,964

1,039

8

24,410

Pre-tax return on average active equity3

35 %

78 %

38 %

20 %

48 %

28 %

42 %

N/M

33 %

N/M – Not meaningful

1

The sum of corporate divisions does not necessarily equal the total of the corresponding group division because of consolidation items between corporate divisions, which are to be eliminated on group division level. The same approach holds true for the sum of group divisions compared to ‘Total Consolidated’.

2

For management reporting purposes goodwill and other intangible assets with indefinite lives are explicitly assigned to the respective divisions. Average active equity is first allocated to divisions according to goodwill and intangible assets, remaining average active equity is allocated to the divisions in proportion to the economic capital calculated for them.

3

For the calculation of pre-tax return on average active equity please refer to page 74 of this document. For ‘Total Consolidated’ pre-tax return on average shareholders’ equity is 28 %.