Net Interest Income and Net Gains (Losses) on Financial Assets/Liabilities at Fair Value through Profit or Loss

 (unaudited)

 

Three months ended

Nine months ended

in € m.

Sep 30, 2014

Sep 30, 2013

Sep 30, 2014

Sep 30, 2013

1

Trading income includes gains and losses from derivatives held for trading and from derivatives not qualifying for hedge accounting.

2

Includes gains of € 1 million and of € 11 million from securitization structures for the three months ended September 30, 2014 and September 30, 2013, respectively and losses of € 1 million and of € 90 million for the nine months ended September 30, 2014 and September 30, 2013, respectively. Fair value movements on related instruments of € 163 million and of € 8 million for the three months ended September 30, 2014 and September 30, 2013, respectively and € 208 million and of € 269 million for the nine months ended September 30, 2014 and September 30, 2013, respectively, are reported within trading income. Both are reported under Sales & Trading (debt and other products). The total of these gains and losses represents the Group’s share of the losses in these consolidated securitization structures.

3

Prior periods have been restated. For further information, please refer to the note “Basis of preparation” of this report.

4

Includes the net interest spread on loans as well as the fair value changes of credit default swaps and loans designated at fair value through profit or loss.

5

Includes net interest income and net gains (losses) on financial assets/liabilities at fair value through profit or loss on origination, advisory and other products.

Net interest income

3,413

3,637

10,454

10,939

Trading income1

710

464

3,713

3,661

Net gains (losses) on financial assets/liabilities designated at fair value through profit or loss2

119

(156)

(13)

577

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

830

3073

3,700

4,2383

Total net interest income and net gains (losses) on financial assets/liabilities at fair value through profit or loss

4,243

3,945

14,153

15,177

Sales & Trading (equity)

596

484

1,743

1,692

Sales & Trading (debt and other products)

1,361

981

5,113

5,308

Total Sales & Trading

1,957

1,465

6,856

6,999

Loan products

213

149

514

410

Remaining products4

(180)

(422)

(140)

(197)

Corporate Banking & Securities

1,990

1,193

7,229

7,213

Private & Business Clients

1,494

1,468

4,565

4,485

Global Transaction Banking5

538

567

1,708

1,580

Deutsche Asset & Wealth Management

413

552

1,117

1,484

Non-Core Operations Unit

(243)

119

(417)

437

Consolidation & Adjustments

51

46

(49)

(21)

Total net interest income and net gains (losses) on financial assets/liabilities at fair value through profit or loss

4,243

3,9453

14,153

15,1773