Entity-Wide Disclosures

 (unaudited)

The following tables present the net revenue components of the CIB and PCAM Group Divisions for the three and six months ended June 30, 2010 and June 30, 2009.

 

Corporate and Investment Bank

 

Three months ended

Six months ended

in € m.

Jun 30, 2010

Jun 30, 2009

Jun 30, 2010

Jun 30, 2009

1

Total net revenues presented above include net interest income, net gains (losses) on financial assets/liabilities at fair value through profit or loss and other revenues such as commissions and fee income.

Sales & Trading (equity)

642

927

1,586

1,142

Sales & Trading (debt and other products)

2,134

2,324

5,936

6,193

Total Sales & Trading

2,776

3,251

7,522

7,335

Origination (equity)

135

208

251

298

Origination (debt)

283

444

599

574

Total Origination

418

652

850

872

Advisory

124

72

256

202

Loan products

350

540

863

1,131

Transaction services

862

654

1,498

1,320

Other products

173

129

342

(636)

Total1

4,703

5,299

11,331

10,224

During the first half 2010 product revenue categories were reviewed. As a result, certain product revenues in CIB have been reclassified as described in more detail in the section “Basis of Preparation”.

 

Private Clients and Asset Management

 

Three months ended

Six months ended

in € m.

Jun 30, 2010

Jun 30, 2009

Jun 30, 2010

Jun 30, 2009

1

Total net revenues presented above include net interest income, net gains (losses) on financial assets/liabilities at fair value through profit or loss and other revenues such as commissions and fee income.

Discretionary portfolio management/fund management

634

520

1,229

964

Advisory/brokerage

443

380

871

785

Credit products

694

630

1,353

1,259

Deposits and payment services

501

497

973

933

Other products

142

4

298

(13)

Total1

2,414

2,031

4,726

3,927

The presentation of PCAM product revenues was modified during the first half 2010 following a review and refinement of product classifications. These changes primarily impacted the classification of revenues from deposits, which had previously been reported jointly with loan revenues. Revenues from deposits of € 717 million in the first half 2009 and of € 387 million in the second quarter 2009 have now been combined with revenues from payment services. Revenues from credit products are now reported separately. Insurance brokerage revenues of € 64 million in the first half of 2009 and of € 33 million in the second quarter 2009, previously reported under Payments, Account and Remaining Financial Services, are now reported under Advisory/Brokerage. These changes enhance transparency and better reflect how products are managed internally. Prior periods were amended retrospectively. The adjustments had no impact on PCAM’s total revenues.