Capital Adequacy


Since 2008, we have calculated and published consolidated capital ratios for the Deutsche Bank group of institutions pursuant to the Banking Act and the Solvency Regulation (“Solvabilitätsverordnung”), which implemented the revised capital framework of the Basel Committee from 2004 (“Basel 2”) into German law. Starting with December 31, 2011, the calculation of our capital ratios incorporates the amended capital requirements for trading book and securitization positions pursuant to the “Basel 2.5” framework, as implemented by the Capital Requirements Directive 3 and transposed into German law by the German Banking Act and the Solvency Regulation, representing the legal basis for our capital adequacy calculations also as of December 31, 2012.

Although the pending Capital Requirements Directive 4 (“CRD 4”) legislation and the related Regulation on prudential requirements for credit institutions and investment firms (“Capital Requirements Regulation”, short “CRR”), implementing the “Basel 3” framework into European law, have not yet entered into force, we make use of the terms from the Basel 3 framework in the following section and tables on capital adequacy and regulatory capital. Nevertheless the numbers disclosed are still based on the Basel 2.5 framework. This section refers to the capital adequacy of the group of institutions consolidated for banking regulatory purposes that does not include insurance companies or companies outside the finance sector. Our insurance companies are included in an additional capital adequacy (also “solvency margin”) calculation under the Solvency Regulation for Financial Conglomerates. Our solvency margin as a financial conglomerate remains dominated by our banking activities.

In light of the regulations given above the following information are based on the regulatory principles of consolidation.

The Total regulatory capital pursuant to the effective regulations as of year-end 2012 consists of Tier 1, Tier 2 and Tier 3 capital. Tier 3 capital will no longer be allowed under the coming Basel 3 based regulations. Tier 1 capital consists of Common Equity Tier 1 capital (formerly referred to as Core Tier 1 capital) and Additional Tier 1 capital. Common Equity Tier 1 capital consists primarily of common share capital including related share premium accounts, retained earnings and other comprehensive income, adjusted by deduction of goodwill and other intangible assets. Other regulatory adjustments entail the exclusion of capital from entities outside the group of institutions and the reversal of capital effects under the fair value option on financial liabilities due to own credit risk.

The following items must be deducted (according to Basel 2.5, half from Tier 1 and half from Tier 2 capital): investments in unconsolidated banking, financial and insurance entities where a bank holds more than 10 % of the capital (in case of insurance entities at least 20 % either of the capital or of the voting rights unless included in the solvency margin calculation of the financial conglomerate), the amount by which the expected loss for exposures to central governments, institutions and corporate and retail clients as measured under the bank’s internal ratings based approach (“IRBA”) model exceeds the value adjustments and provisions for such exposures, the expected losses for certain equity exposures, securitization positions not included in the risk-weighted assets and the value of securities delivered to a counterparty plus any replacement cost to the extent the required payments by the counterparty have not been made within five business days after delivery provided the transaction has been allocated to the bank’s trading book.

Additional Tier 1 capital consists of hybrid capital components such as noncumulative trust preferred securities. Hybrid capital components that are not compliant with the coming Basel 3 requirements for such instruments will be progressively phased out in their consideration for Additional Tier 1 capital under the coming Basel 3-based regulations.

Tier 2 capital primarily comprises cumulative trust preferred securities, certain profit participation rights and long-term subordinated debt, as well as 45 % of unrealized gains on certain listed securities. The amount of long-term subordinated debt that may be included as Tier 2 capital is limited to 50 % of Tier 1 capital. Total Tier 2 capital is limited to 100 % of Tier 1 capital.

The following table presents the Tier 1- and Tier 2- components of our Total regulatory capital (no Tier 3 capital is included in our regulatory capital base) as well as our risk-weighted assets (comprising credit risk-, market risk- and operational risk-exposure) and the respective capital ratios, excluding transitional items pursuant to section 64h (3) German Banking Act:

Regulatory Capital, RWA and Capital Ratios

in € m.

Dec 31, 2012

Dec 31, 2011

1

Excludes Holdings that are already considered in the accounting base of Common Equity.

2

Included € 20 million silent participation as of December 31, 2012 and December 31, 2011.

Common Equity Tier 1 capital: instruments and reserves

 

 

Capital instruments and the related share premium accounts

26,098

25,252

Retained earnings (excluding interim profits)

28,961

25,987

Accumulated other comprehensive income

(1,293)

(1,981)

Noncontrolling interests

124

999

Independently reviewed interim profits net of any foreseeable charge or dividend

(460)

3,435

Common Equity Tier 1 capital before regulatory adjustments

53,430

53,692

 

 

 

Common Equity Tier 1 capital: regulatory adjustments

 

 

Intangible assets (net of related tax liability)

(11,579)

(12,909)

Negative amounts resulting from the calculation of expected loss amounts

(440)

Gains or losses on liabilities designated at fair value resulting from changes in own credit standing

(2)

(128)

Direct holdings by an institution of own Common Equity Tier 1 capital instruments1

Direct holdings by the institution of the Common Equity Tier 1 capital instruments of relevant entities where the institution has a significant investment in those entities

(1,493)

(1,332)

Exposure amount of the following items which qualify for a RW of 1250 %, where the institution opts for the deduction alternative

(953)

(3,372)

of which: securitization positions

(953)

(2,863)

of which: free deliveries

Other, including consolidation and regulatory adjustments

(748)

(486)

Regulatory adjustments relating to unrealized gains and losses

(259)

847

Amount to be deducted from or added to Common Equity Tier 1 capital with regard to additional filters and deductions required pre CRR

Total regulatory adjustments to Common Equity Tier 1 capital

(15,473)

(17,379)

Common Equity Tier 1 capital

37,957

36,313

 

 

 

Additional Tier 1 capital: instruments

 

 

Capital instruments and the related share premium accounts

13,025

12,734

Additional Tier 1 capital before regulatory adjustments

13,025

 

 

 

Additional Tier 1 capital: regulatory adjustments

 

 

Direct holdings by an institution of own Additional Tier 1 capital instruments

(499)

Additional Tier 1 capital

12,526

12,734

Tier 1 capital2

50,483

49,047

 

 

 

Tier 2 capital: instruments and provisions

 

 

Capital instruments and the related share premium accounts

11,852

10,883

Tier 2 capital before regulatory adjustments

11,852

10,883

 

 

 

Tier 2 capital: regulatory adjustments

 

 

Direct holdings by an institution of own Tier 2 capital instruments and subordinated loans

(152)

Amortization

(2,283)

Items to be partly deducted from Tier 2 capital pursuant to Section 10 (6) and (6a) KWG

(2,885)

(4,703)

Tier 2 capital

6,532

6,179

Total Regulatory capital

57,015

55,226

 

 

 

Total risk-weighted assets

333,605

381,246

Credit risk

228,952

262,460

Market risk

53,058

68,091

Operational risk

51,595

50,695

Capital ratios and buffers

 

 

Common Equity Tier 1 capital (as a percentage of risk-weighted assets)

11.4

9.5

Tier 1 capital (as a percentage of risk-weighted assets)

15.1

12.9

Total Regulatory capital (as a percentage of risk-weighted assets)

17.1

14.5

The following table details the main changes in our Common Equity Tier 1 (formerly: Core Tier 1) capital, Additional Tier 1 and Tier 2 capital from the beginning to the end of the years 2012 and 2011:

Development of regulatory capital

in € m.

Dec 31, 2012

Dec 31, 2011

Common Equity Tier 1 Capital

37,957

36,313

Opening amount

36,313

29,972

Common shares, net effect/(+) issued (–) retirement

Additional paid-in capital

83

181

Retained earnings

(232)

4,834

Therein: Actuarial gains (losses) rel. to defined benefit plans, net of tax/CTA

(452)

666

Therein: Net income attributable to Deutsche Bank Shareholders

237

4,132

Common shares in treasury, net effect/(+) sales (–) purchase

763

(373)

Movements in accumulated other comprehensive income

(423)

1,166

Foreign currency translation, net of tax

(423)

1,166

Dividend accrual

(697)

(697)

Removal of gains/losses resulting from changes in own credit standing in liabilities designated at fair value (net of tax)

126

(76)

Goodwill and other intangible assets (deduction net of related tax liability)

1,330

(518)

Noncontrolling interest

(875)

72

Deductible investments in banking, financial and insurance entities

(161)

(381)

Securitization positions not included in risk-weighted assets

1,911

1,987

Excess of expected losses over risk provisions

69

(81)

Other, including regulatory adjustments

(250)

227

Closing amount

37,957

36,313

Additional Tier 1 Capital

12,526

12,734

Opening amount

12,734

12,593

New Additional Tier 1 eligible capital issues

Buybacks

Other, including regulatory adjustments

(208)

141

Closing amount

12,526

12,734

Tier 1 capital

50,483

49,047

Tier 2 capital:

6,532

6,179

Opening amount

6,179

6,123

New Tier 2 eligible capital issues

Buybacks

(179)

(251)

Amortization

(1,071)

(747)

Other, including regulatory adjustments

1,603

1,054

Closing amount

6,532

6,179

Total Regulatory capital

57,015

55,226

The increase of € 1.6 billion in Common Equity Tier 1 capital in the year 2012 was primarily the result of a € 1.9 billion reduction of the capital deduction item for securitization positions not included in risk-weighted assets. Another positive impact of € 0.8 billion resulted from the reduced position of Common shares in treasury, partially offset by a negative impact of € 0.4 billion from foreign currency translation. The positive change of € 1.3 billion shown under the deduction-item “Goodwill and other intangible assets” is primarily the result of Common Equity Tier 1 capital-neutral impairments in the fourth quarter of 2012 which are offset by corresponding effects in our Retained earnings.

Common shares consist of Deutsche Bank AG’s common shares issued in registered form without par value. Under German law, each share represents an equal stake in the subscribed capital. Therefore, each share has a nominal value of € 2.56, derived by dividing the total amount of share capital by the number of shares. As of December 31, 2012, 929,499,640 shares were issued and fully paid, of which we held 315,742 shares, leaving 929,183,898 shares outstanding. There are no issued ordinary shares that have not been fully paid. Related share premium is included in additional paid-in capital.

The following two tables present specific disclosures in relation to Pillar 3. Per regulation it is not required to audit Pillar 3 disclosures.

Terms and Conditions of outstanding Additional Tier 1 Capital Instruments (unaudited)

Issuer

Amount in m.

Currency

 

Interest payment obligations

Termination right of Issuer

Step-up clauses or other early redemption-incentives

DB Capital Trust I

318

USD

Until March 30, 2009: 3-Month LIBOR plus 1.7 %
From March 30, 2009: 5-Year U.S. Dollar Swap Rate plus 2.7 %

Since March 30, 2009 and on March 30 of each fifth year thereafter with period of 90 days.

yes, see interest payment obligations

DB Capital Trust II

20,000

JPY

Until April 27, 2029: 5.2 % p.a.
From April 27, 2029: 5-Year Japanese Yen Swap Rate plus 1.62 %

At the earliest April 27, 2029 with period of 90 days.

yes, see interest payment obligations

DB Capital Trust III

113

USD

Until June 30, 2014: 3-Month LIBOR plus 1.9 %
From June 30, 2014: 5-Year U.S. Dollar Swap Rate plus 2.9 %

At the earliest June 30, 2014 with period of 90 days.

yes, see interest payment obligations

DB Capital Trust IV

153

USD

Until June 30, 2011: 3-Month LIBOR plus 1.8 %
From June 30, 2011: 5-Year U.S. Dollar Swap Rate plus 2.8 %

Since June 30, 2011: on June 30 of each fifth year thereafter with period of 90 days.

yes, see interest payment obligations

DB Capital Trust V

147

USD

Until June 30, 2010: 3-Month LIBOR plus 1.8 %
From June 30, 2010: 5-Year U.S. Dollar Swap Rate plus 2.8 %

Since June 30, 2010: on June 30 of each fifth year thereafter with period of 90 days.

yes, see interest payment obligations

DB Capital Funding Trust I

625

USD

Until June 30, 2009: 7.872 % p.a.
From June 30, 2009: 3-Month LIBOR plus 2.97 %

Since June 30, 2009: every 3 months thereafter with period of 30 days.

yes, see interest payment obligations

DB Capital Funding Trust IV

1,000

EUR

Until September 19, 2013: 5.33 % p.a.
From September 19, 2013: 3-Month EURIBOR plus 1.99 %

At the earliest September 19, 2013 with period of 30 days.

yes, see interest payment obligations

DB Capital Funding Trust V

300

EUR

6.15 % p.a.

Since December 2, 2009: every 3 months thereafter with period of 30 days.

none

DB Capital Funding Trust VI

900

EUR

Until January 28, 2010: 6 % p.a.
From January 28, 2010: Four times the difference between 10-Year- and 2-Year-CMS-Rate, capped at 10 % and floored at 3.5 %

Since January 28, 2010: on January 28 of each year thereafter with period of 30 days.

none

DB Capital Funding Trust VII

800

USD

Until January 19, 2016: 5.628 % p.a.
From January 19, 2016: 5.628 % p.a. plus 100 bps

At the earliest January 19, 2016 with period of 30 days.

yes, see interest payment obligations

DB Capital Funding Trust VIII

600

USD

6.375 % p.a.

Since October 18, 2011: every 3 months thereafter with period of 30 days.

none

DB Capital Funding Trust IX

1,150

USD

6.625 % p.a.

Since August 20, 2012 with period of 30 days.

none

DB Capital Funding Trust X

805

USD

7.350 % p.a.

Since December 15, 2012 with period of 30 days.

none

DB Capital Funding Trust XI

1,300

EUR

9.5 % p.a.

At the earliest March 31, 2015 with period of 30 days.

none

DB Contingent Capital Trust II

800

USD

6.55 % p.a.

At the earliest May 23, 2017 with period of 30 days.

none

DB Contingent Capital Trust III

1,975

USD

7.6 % p.a.

At the earliest February 20, 2018 with period of 30 days.

none

DB Contingent Capital Trust IV

1,000

EUR

8.0 % p.a.

At the earliest May 15, 2018 with period of 30 days.

none

DB Contingent Capital Trust V

1,385

USD

8.05 % p.a.

At the earliest June 30, 2018 with period of 30 days.

none

Deutsche Postbank Funding Trust I

300

EUR

Until December 2, 2005: 6 % p.a.
From December 2, 2005: 10-Year EUR Swap Rate plus 0.025 %, max. 8 %

Since December 2, 2010 at each subsequent coupon date.

none

Deutsche Postbank Funding Trust II

500

EUR

Until December 23, 2009: 6 % p.a.
From December 23, 2009: Four times difference between 10-Year and 2-Year CMS-Rate, with min. CMS-Rate 3.75 % and max. CMS-Rate 10 %

Since December 23, 2009 at each subsequent coupon date.

none

Deutsche Postbank Funding Trust III

300

EUR

Until June 7, 2008: 7 % p.a.
From June 7, 2008: 10-Year EUR Swap Rate plus 0.125 %, max. 8 %

Since June 7, 2011 at each subsequent coupon date.

none

Deutsche Postbank Funding Trust IV

500

EUR

Until June 29, 2017: 5.983 % p.a.
From June 29, 2017: 3-Month EURIBOR plus 2.07 %

At the earliest June 29, 2017 at each subsequent coupon date.

yes, see interest payment obligations

Deutsche Postbank AG – silent participation

10

EUR

8.15 % p.a.

Fixed maturity December 31, 2018

none

Deutsche Postbank AG – silent participation

10

EUR

8.15 % p.a.

Fixed maturity December 31, 2018

none

Of the € 12.5 billion Additional Tier 1 capital € 8.8 billion have no step-up clauses or other early redemption-incentives. No instrument has the option to be converted into ordinary shares. All Additional Tier 1 capital instruments qualify as Tier 1 capital according to Section 64m (1) KWG. In the event of the initiation of insolvency proceedings or of liquidation, they will not be repaid until all creditors have been satisfied.

Our Tier 2 capital instruments qualify as regulatory capital according to Section 10 (5) and (5a) KWG, except for the profit participation rights issued by Deutsche Postbank AG which all were issued before December 31, 2010 and qualify as Tier 2 capital according to Section 64m (1) KWG. Accordingly, all Tier 2 capital instruments have a minimum original maturity of 5 years. The majority of the volume of our Tier 2 instruments, however, has an original maturity of 10 years or more and call rights for the issuer after 5 years or more. In the last two years before the maturity of an instrument only 40 % of the paid-in capital qualifies as regulatory capital.

The several hundred individual Tier 2 capital instruments can be clustered as follows:

Terms and Conditions of the outstanding Tier 2 Capital Instruments (unaudited)

Issuer

Maturity (year)

Notional in € m.

Currency

Type of Tier 2 capital instrument

Early redemption-option

Interest payment obligations

Deutsche Bank Capital Finance Trust I

perpetual

300

EUR

Cumulative Trust preferred securities

At the earliest on June 27, 2015 and thereafter on each yearly coupon-payment date (June 27) with period of 30 days.

Fixed interest rate during first five periods of interest payments at 7 % p.a., thereafter ten times the difference between 10 year- and 2 year-CMS-Rate, capped at 10 year-CMS and floored at 1.75 %

Deutsche Postbank AG

2014

100

EUR

Profit Participation Rights

No

6.00 % (fix) – 6.26 % (fix)

Deutsche Postbank AG

2015

197

EUR

Profit Participation Rights

No

5.13 % (fix) – 5.65 % (fix)

Deutsche Postbank AG

2016

676

EUR

Profit Participation Rights

No

4.40 % (fix) – 4.72 % (fix)

Deutsche Postbank AG

2017

21

EUR

Profit Participation Rights

No

5.12 % (fix)

Deutsche Postbank AG

2018

91

EUR

Profit Participation Rights

No

5.14 % (fix) – 5.53 % (fix)

Deutsche Postbank AG

2020

14

EUR

Profit Participation Rights

No

5.10 % (fix)

Deutsche Postbank AG

2021

24

EUR

Profit Participation Rights

No

4.53 % (fix) – 4.73 % (fix)

Deutsche Postbank AG

2023

10

EUR

Profit Participation Rights

No

5.50 % (fix)

Deutsche Postbank AG

2027

20

EUR

Profit Participation Rights

No

5.25 % (fix)

Bankers Trust Corporation - New York

2015

141

USD

Subordinated Liabilities

No

7.50 % (fix)

BHF-BANK AG

2015

50

EUR

Subordinated Liabilities

No

4.46 % (fix)

BHF-BANK AG

2019

50

EUR

Subordinated Liabilities

No

4.80 % (fix)

BHF-BANK AG

2020

57

EUR

Subordinated Liabilities

no

4.59 % (fix) – 4.63 % (fix)

BHF-BANK AG

2025

47

EUR

Subordinated Liabilities

no

4.75 % (fix)

Deutsche Bank AG

2013

1,175

EUR

Subordinated Liabilities

no

5.10 % (fix) – 5.98 % (fix)

Deutsche Bank AG

2013

6,000

JPY

Subordinated Liabilities

no

1.07 % (var.)

Deutsche Bank AG

2014

245

AUD

Subordinated Liabilities

Early redemption at the issuer’s option since 2009 at each coupon-date

5.36 % (var.)

Deutsche Bank AG

2014

1,081

EUR

Subordinated Liabilities

1,061 mn.: Early redemption at the issuer’s option since 2009 at each coupon-date

1.09 % (var.) – 4.16 % (fix)

Deutsche Bank AG

2014

3,000

JPY

Subordinated Liabilities

Early redemption at the issuer’s option since 2009 at each coupon-date

0.94 % (var.)

Deutsche Bank AG

2014

214

NZD

Subordinated Liabilities

Early redemption at the issuer’s option since 2009 at each coupon-date

3.56 % (var.)

Deutsche Bank AG

2015

710

EUR

Subordinated Liabilities

Early redemption at the issuer’s option since 2010 at each coupon-date

0.88 % (var.) – 1.02 % (var.)

Deutsche Bank AG

2015

190

GBP

Subordinated Liabilities

Early redemption at the issuer’s option since 2010 at each coupon-date

1.41 % (var.)

Deutsche Bank AG

2015

335

USD

Subordinated Liabilities

Early redemption at the issuer’s option since 2010 at each coupon-date

1.11 % (var.)

Deutsche Bank AG

2016

220

CAD

Subordinated Liabilities

Early redemption at the issuer’s option since 2011

2.03 % (var.)

Deutsche Bank AG

2016

442

EUR

Subordinated Liabilities

Early redemption at the issuer’s option since 2011

0.98 % (var.)

Deutsche Bank AG

2017

509

EUR

Subordinated Liabilities

489 mn.: Early redemption at the issuer’s option since 2012

0.95 % (var.) – 5.82 % (fix)

Deutsche Bank AG

2018

100

EUR

Subordinated Liabilities

10 mn.: Early redemption at the issuer’s option in 2013

5.50 % (fix) – 6.50 % (var.)

Deutsche Bank AG

2019

249

EUR

Subordinated Liabilities

238 mn.: Early redemption at the issuer’s option in 2014

5.00 % (fix) – 6.00 % (fix)

Deutsche Bank AG

2020

1,235

EUR

Subordinated Liabilities

85 mn.: Early redemption at the issuer’s option in 2015

4.00 % (var.) – 5.00 % (fix)

Deutsche Bank AG

2024

20

EUR

Subordinated Liabilities

no

5.10 % (fix)

Deutsche Bank AG

2033

5

EUR

Subordinated Liabilities

Early redemption at the issuer’s option in 2013

6.30 % (fix)

Deutsche Bank AG

2035

50

EUR

Subordinated Liabilities

Early redemption at the issuer’s option since 2010 at each coupon-date

3.00 % (var.)

Deutsche Bank Financial Inc.

2015

778

USD

Subordinated Liabilities

No

5.38 % (fix)

Deutsche Bank S.A.E., Barcelona

2013

41

EUR

Subordinated Liabilities

No

3.72 % (var.)

Deutsche Bank S.A.E., Barcelona

2014

40

EUR

Subordinated Liabilities

No

5.72 % (var.)

Deutsche Bank S.p.A., Mailand

2018

500

EUR

Subordinated Liabilities

Early redemption at the issuer’s option in 2013

0.22 % (var.)

Deutsche Bank Morgan Grenfell Group PLC

perpetual

6

USD

Subordinated Liabilities

Early redemption at the issuer’s option since 1991 at each coupon-date with minimum period of 30 days

1.00 % (var.)

BHW Bausparkasse

2013

91

EUR

Subordinated Liabilities

no

4.90 % (fix) – 5.80 % (fix)

BHW Bausparkasse

2014

55

EUR

Subordinated Liabilities

no

2.56 % (var.) – 5.60 % (fix)

BHW Bausparkasse

2017

5

EUR

Subordinated Liabilities

no

5.69 % (fix)

BHW Bausparkasse

2018

6

EUR

Subordinated Liabilities

no

6.08 % (fix)

BHW Bausparkasse

2019

48

EUR

Subordinated Liabilities

no

4.27 % (fix) – 5.83 % (fix)

BHW Bausparkasse

2023

40

EUR

Subordinated Liabilities

no

5.45 % (fix) – 6.13 % (fix)

BHW Bausparkasse

2024

10

EUR

Subordinated Liabilities

no

5.64 % (fix)

Deutsche Postbank AG

2013

227

EUR

Subordinated Liabilities

no

4.78 % (fix) – 6.00 % (fix)

Deutsche Postbank AG

2014

83

EUR

Subordinated Liabilities

no

4.50 % (fix) – 6.00 % (fix)

Deutsche Postbank AG

2015

508

EUR

Subordinated Liabilities

500 mn.: Early redemption at the issuer’s option since 2011 at each coupon-date

1.00 % (var.) – 5.50 % (fix)

Deutsche Postbank AG

2016

30

EUR

Subordinated Liabilities

no

4.92 % (fix) – 5.01 % (fix)

Deutsche Postbank AG

2017

60

EUR

Subordinated Liabilities

no

5.21 % (fix) – 5.83 % (fix)

Deutsche Postbank AG

2018

313

EUR

Subordinated Liabilities

no

5.19 % (fix) – 6.63 % (fix)

Deutsche Postbank AG

2019

65

EUR

Subordinated Liabilities

no

5.14 % (fix) – 5.46 % (fix)

Deutsche Postbank AG

2022

15

EUR

Subordinated Liabilities

no

4.63 % (fix)

Deutsche Postbank AG

2023

98

EUR

Subordinated Liabilities

no

5.60 % (fix) – 6.01 % (fix)

Deutsche Postbank AG

2024

43

EUR

Subordinated Liabilities

no

5.15 % (fix) – 5.45 % (fix)

Deutsche Postbank AG

2027

13

EUR

Subordinated Liabilities

no

6.50 % (fix)

Deutsche Postbank AG

2036

24,000

JPY

Subordinated Liabilities

no

2.76 % (fix) – 2.84 % (fix)

Reconciliation of shareholders’ equity to regulatory capital

in € m.

Dec 31, 2012

Dec 31, 2011

Total shareholders’ equity per accounting balance sheet

54,003

53,390

Common shares

2,380

2,380

Additional paid-in capital

23,778

23,695

Retained earnings

29,198

30,119

Therein: Actuarial gains (losses) rel. to defined benefit plans, net of tax/CTA

198

650

Therein: Net income attributable to Deutsche Bank Shareholders

237

4,132

Common shares in treasury, at cost

(60)

(823)

Equity classified as obligation to purchase common shares

Accumulated other comprehensive income, net of tax

(1,293)

(1,981)

 

 

 

Prudential filters

(261)

719

Own credit spread of liabilities designated at fair value

(2)

(128)

Unrealized gains and losses

(259)

847

 

 

 

Regulatory adjustments to accounting basis

(15,785)

(17,796)

Dividend accrual

(697)

(697)

Goodwill

(8,583)

(10,156)

Per balance sheet

(9,297)

(10,973)

Goodwill from at-equity investments

(30)

(29)

Goodwill relating to non-regulatory consolidation circle

745

846

Intangibles

(2,996)

(2,753)

Per balance sheet

(4,922)

(4,829)

Deferred tax liability

583

676

Intangibles relating to non-regulatory consolidation circle

1,343

1,399

Noncontrolling interests

124

999

Per balance sheet

407

1,270

Noncontrolling interests relating to non-regulatory consolidation circle

(283)

(271)

Securitization positions

(953)

(2,863)

Shortfall of provisions to expected loss

(440)

(508)

Free-deliveries outstanding

Significant investments in the capital of financial sector entities

(1,493)

(1,332)

Other, including consolidation and regulatory adjustments

(748)

(486)

 

 

 

Common Equity Tier 1 capital

37,957

36,313

 

 

 

Additional Tier 1 capital

12,526

12,734

Hybrid capital securities

12,526

12,734

Per balance sheet

12,091

12,344

Regulatory adjustments

435

390

Deductions from Additional Tier 1 capital

 

 

 

Tier 1 capital

50,483

49,047

 

Tier 2 capital

6,532

6,179

Subordinated debt

9,362

10,813

Per balance sheet

11,282

12,083

Amortization

(2,283)

(1,213)

Regulatory adjustments

364

(57)

Deductions from Tier 2 capital

(2,885)

(4,703)

Other

55

70

 

 

 

Total Regulatory capital

57,015

55,226