Related Party Transactions

 (unaudited)

Transactions with related parties are made in the ordinary course of business and on substantially the same terms, including interest rates and collateral, as those prevailing for comparable transactions with other parties.

Transactions with Key Management Personnel

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of Deutsche Bank Group, directly or indirectly. The Group considers the members of the Management Board as currently mandated and the Supervisory Board of the parent company to constitute key management personnel for purposes of IAS 24. Among the Group’s transactions with key management personnel as of September 30, 2014, were loans and commitments of € 3 million and deposits of € 15 million. As of December 31, 2013, there were loans and commitments of € 4 million and deposits of € 12 million among the Group’s transactions with key management personnel. In addition, the Group provides banking services, such as payment and account services as well as investment advice, to key management personnel and their close family members.

Transactions with Subsidiaries, Associates and Joint Ventures

Transactions between Deutsche Bank AG and its subsidiaries meet the definition of related party transactions. If these transactions are eliminated on consolidation, they are not disclosed as related party transactions. Transactions between the Group and its associated companies and joint ventures and their respective subsidiaries also qualify as related party transactions.

Loans issued and guarantees granted

 

Associated companies and other related parties

in € m.

Sep 30, 2014

Dec 31, 2013

1

In the second quarter of 2013, some entities were fully consolidated for the first time, which were formerly classified as equity method investments. Therefore loans made to these investments were eliminated on consolidation. Consequently related provisions and allowances for loan losses reduced at the same time.

2

Loans past due were € 3 million as of September 30, 2014 and € 2 million as of December 31, 2013.

Loans outstanding, beginning of period

357

918

Loans issued during the period

463

528

Loan repayments during the period

460

676

Changes in the group of consolidated companies

0

(397)1

Exchange rate changes/other

16

(16)

Loans outstanding, end of period2

376

357

 

 

 

Other credit risk related transactions:

 

 

Allowance for loan losses

5

6

Provision for loan losses

0

0

Guarantees and commitments

53

54

Deposits received

 

Associated companies and other related parties

in € m.

Sep 30, 2014

Dec 31, 2013

Deposits, beginning of period

167

245

Deposits received during the period

140

105

Deposits repaid during the period

86

179

Changes in the group of consolidated companies

(43)

(3)

Exchange rate changes/other

2

(2)

Deposits, end of period

180

167

Other Transactions

Trading assets and positive market values from derivative financial transactions with associated companies amounted to € 122 million as of September 30, 2014, and € 130 million as of December 31, 2013. Trading liabilities and negative market values from derivative financial transactions with associated companies were nil as of September 30, 2014, and € 1 million as of December 31, 2013.

Transactions with Pension Plans

The Group has business relationships with a number of its pension plans pursuant to which it provides financial services to these plans, including investment management. Pension funds may hold or trade Deutsche Bank AG shares or securities. As of September 30, 2014, transactions with these plans were not material for the Group.