Deutsche Bank

Annual Report 2017

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

in € m.

 

 

 

2017 increase
(decrease)
from 2016

2016 increase
(decrease)
from 2015

(unless stated otherwise)

2017

2016

2015

in € m.

in %

in € m.

in %

Total trading income

3,374

547

3,874

2,827

N/M

(3,327)

(86)

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

(448)

854

(32)

(1,302)

N/M

886

N/M

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

2,926

1,401

3,842

1,524

109

(2,440)

(64)

2017

Net gains on financial assets/liabilities at fair value through profit or loss were € 2.9 billion in 2017 compared to € 1.4 billion in 2016, an increase of € 1.5 billion or 109 %. The increase was primarily driven by trading income, which improved by € 2.8 billion, mainly due to the non-recurrence of de-risking losses within the NCOU in 2016. Mark-to-market losses on issuances designated at fair value through profit or loss were the main contributor to a loss of € 448 million on financial assets/liabilities designated at fair value through profit or loss in 2017 compared to a gain of € 854 million in 2016. This loss was largely offset by mark-to-market gains in trading income related to financial instruments used as hedges for those issuances.

2016

Net gains (losses) on financial assets/liabilities at fair value through profit or loss was € 1.4 billion in 2016, a decrease of € 2.4 billion as compared to € 3.8 billion in 2015. The decrease was primarily driven by Trading income, which reduced by € 3.3 billion year-on-year from the impact of unfavorable foreign exchange rates and interest rates on the fair value of derivatives. The decline included a loss of € 0.9 billion occurred due to an un-winding of long-dated derivative exposures and related assets. In addition, Trading income was impacted by € 0.9 billion related to net losses on derivatives held by Group Treasury in respect of debt issuance. The corresponding gains were reported in the CIB division. Total net gains (losses) on financial assets/liabilities designated at fair value through profit or loss increased by € 886 million compared to 2015.