Remaining Noninterest Income


in € m.

 

 

 

2012 increase (decrease)
from 2011

2011 increase (decrease)
from 2010

(unless stated otherwise)

2012

2011

2010

in € m.

in %

in € m.

in %

N/M – Not meaningful

 

 

 

 

 

 

 

1 includes:

 

 

 

 

 

 

 

 

2012

2011

2010

in € m.

in %

in € m.

in %

Commissions and fees from fiduciary activities:

 

 

 

 

 

 

 

Commissions for administration

453

491

491

(38)

(8)

Commissions for assets under management

2,733

2,760

2,833

(27)

(1)

(73)

(3)

Commissions for other securities business

240

207

205

33

16

2

1

Total

3,425

3,458

3,529

(33)

(1)

(71)

(2)

Commissions, broker’s fees, mark-ups on securities underwriting and other securities activities:

 

 

 

 

 

 

 

Underwriting and advisory fees

1,893

1,783

2,148

110

6

(365)

(17)

Brokerage fees

1,526

1,882

1,725

(356)

(19)

157

9

Total

3,418

3,665

3,873

(247)

(7)

(208)

(5)

Fees for other customer services2

4,667

4,421

3,267

246

6

1,153

35

Total commissions and fee income

11,510

11,544

10,669

(34)

(0)

875

8

2 The increase from 2010 to 2011 includes commissions related to nonbanking activities of Postbank.

Commissions and fee income1

11,510

11,544

10,669

(34)

(0)

875

8

Net gains (losses) on financial assets available for sale

301

123

201

178

145

(78)

(39)

Net income (loss) from equity method investments

159

(264)

(2,004)

423

N/M

1,740

(87)

Other income (loss)

281

1,322

764

(1,041)

(79)

558

73

Total remaining noninterest income

12,251

12,725

9,630

(474)

(4)

3,095

32

Commissions and fee income. Total Commissions and fee income was € 11.5 billion in 2012, a slight decrease of € 34 million compared to 2011. Advisory fees increased driven by Global Finance as well as by AWM Alternatives, reflecting increased deal activity. Underwriting fees were in line with 2011 with an increase in Rates and Credit Trading, reflecting higher corporate debt issuance, offset by lower fees from Equity Trading. Other customer services fees slightly increased mainly due to Trade Finance & Cash Management Corporates in GTB as well as Rates and Credit Trading in CB&S. Both Underwriting and advisory fees as well as Other customer services fees, however were offset by lower Brokerage fees, especially in PBC Products, due to muted client investment activities, and in Global Equities.

Net gains (losses) on financial assets available for sale. Net gains on financial assets available for sale were € 301 million in 2012, versus € 123 million in 2011.The net gain in 2012 mainly included gains on the sale of EADS shares of € 152 million and on the sale of the Structured Credit portfolio in the NCOU. These gains were partially offset by specific impairments and realized losses on sale from de-risking activity in the NCOU. The net gain in 2011 mainly included disposal gains of approximately € 485 million and a one-time positive impact of € 263 million related to our stake in Hua Xia Bank, arising from the application of equity method accounting upon receiving all substantive regulatory approvals to increase our stake, partly offset by an impairment charge of € 527 million on Greek government bonds.

Net income (loss) from equity method investments. Net gains from equity method investments were € 159 million in 2012, versus a net loss of € 264 million in 2011. The net income in 2012 included a positive equity pick up of € 311 million from our investment in Hua Xia Bank, partly offset by an impairment charge of € 257 million related to Actavis Group. The net loss in 2011 included a positive equity pick-up of € 154 million related to our stake in Hua Xia Bank and an impairment charge of € 457 million related to Actavis Group.

Other income (loss). Other income was a gain of € 281 million in 2012 versus € 1.3 billion in 2011. The lower other income in 2012 was largely due to significant losses from derivatives qualifying for hedge accounting offset by revenues related to The Cosmopolitan of Las Vegas and Maher Terminals as well as income from the settlement of credit protection received from the seller related to acquired commercial banking activities in the Netherlands. In 2011, other income mainly included significant gains from derivatives qualifying for hedge accounting and revenues related to The Cosmopolitan of Las Vegas.

You should read the following discussion and analysis in conjunction with the consolidated financial statements.