Deutsche Bank Performance

In May 2014, Deutsche Bank announced a package of measures to reinforce our commitment to the Strategy 2015+ targets. We have strengthened our capital base and have continued to implement the cultural and cost initiatives laid out in Strategy 2015+.

The key financial results for the Group in the first six months 2014 can be summarized as follows:

  • Group net revenues were € 16.3 billion in the first six months 2014, down 8 % versus the first six months 2013;
  • Income before income taxes was € 2.6 billion, down 19 % as compared to the first six months 2013;
  • Net income decreased to € 1.3 billion in the first six months 2014, compared to € 2.0 billion in the first six months 2013;
  • Capital Requirements Regulation/Capital Requirements Directive 4 (CRR/CRD 4) fully loaded Common Equity Tier 1 capital ratio was 11.5 % at the end of the first six months 2014;
  • Fully loaded CRR/CRD 4 leverage ratio was 3.4 % at the end of the first six months 2014;
  • CRR/CRD 4 fully loaded risk-weighted assets were € 399 billion as of June 30, 2014.

The financial Key Performance Indicators (KPIs) of the Group for the first six months are detailed in the table below:

Group Key Performance Indicators

Jun 30, 2014

Jun 30, 2013

1

Based on Net Income attributable to Deutsche Bank shareholders.

2

Based on Net Income attributable to Deutsche Bank shareholders, as adjusted for litigation, CtA, impairment of goodwill and intangible assets, other severances and CRR/CRD4 Credit Valuation Adjustment (CVA)/Debt Valuation Adjustment (DVA)/Funding Valuation Adjustment (FVA). For further information, please refer to “Other Information: Non-GAAP Financial Measures” of this report.

3

Total noninterest expenses as a percentage of total net interest income before provision for credit losses plus noninterest income.

4

Based on noninterest expenses, adjusted for litigation, CtA, impairment of goodwill and intangible assets, policyholder benefits and claims, other severances and other divisional specific cost one-offs; divided by reported revenues. For further information, please refer to “Other Information: Non-GAAP Financial Measures” of this report.

5

Cost savings resulting from the implementation of the OpEx program.

6

Costs to achieve (CtA) savings are costs which are directly required for the realisation of savings in the OpEx program.

7

The CRR/CRD 4 fully loaded Common Equity Tier 1 ratio represents our calculation of our Common Equity Tier 1 ratio without taking into account the transitional provisions of CRR/CRD 4. Further detail on the calculation of this ratio is provided in the Risk Report.

8

The fully loaded CRR/CRD 4 leverage ratio represents our calculation following the publication of CRR/CRD 4 on June 27, 2013 as amended. Further detail on the calculation of this ratio is provided in the Risk Report.

Post-tax return on average active equity (reported)1

4.7 %

7.2 %

Post-tax return on average active equity (adjusted)2

7.3 %

10.2 %

Cost/income ratio (reported)3

81.0 %

77.1 %

Cost/income ratio (adjusted)4

72.1 %

67.8 %

Cost savings5

€ 2.6 bn

€ 1.1 bn

Costs to achieve savings6

€ 2.4 bn

€ 1.1 bn

CRR/CRD 4 fully loaded Common Equity Tier 1 ratio7

11.5 %

10.0 %

Fully loaded CRR/CRD 4 leverage ratio8

3.4 %