Three months ended

in € m.

Mar 31, 2008

Mar 31, 2007

Interest and similar income

16,537

16,269

Interest expense

13,861

14,216

Net interest income

2,676

2,053

Provision for credit losses

114

98

Net interest income after provision for credit losses

2,562

1,955

Commissions and fee income

2,531

2,931

Net gains (losses) on financial assets/liabilities at fair value through profit or loss

(1,578)

3,973

Net gains (losses) on financial assets available for sale

683

234

Net income (loss) from equity method investments

86

183

Other income

218

202

Total noninterest income

1,940

7,523

Compensation and benefits

2,934

4,329

General and administrative expenses

1,948

1,913

Policyholder benefits and claims

(126)

27

Impairment of intangible assets

54

Restructuring activities

(8)

Total noninterest expenses

4,756

6,315

Income (loss) before income taxes

(254)

3,163

Income tax expense (benefit)

(113)

1,031

Net income (loss)

(141)

2,132

Net income (loss) attributable to minority interest

(10)

11

Net income (loss) attributable to Deutsche Bank shareholders

(131)

2,121