Deutsche Bank

Annual Report 2017

Remaining Noninterest Income

in € m.

 

 

 

2017 increase
(decrease)
from 2016

2016 increase
(decrease)
from 2015

(unless stated otherwise)

2017

2016

2015

in € m.

in %

in € m.

in %

N/M – Not meaningful

Commissions and fee income1

11,002

11,744

12,765

(742)

(6)

(1,021 )

(8)

Net gains (losses) on financial assets available for sale

479

653

203

(174)

(27)

450

N/M

Net income (loss) from equity method investments

137

455

164

(318)

(70)

291

177

Other income (loss)

(475)

1,053

669

(1,528)

N/M

385

58

Total remaining noninterest income

11,144

13,906

13,802

(2,762)

(20)

104

1

 

 

 

 

 

 

 

 

1 includes:

 

 

 

 

 

 

 

Commissions and fees from fiduciary activities:

 

 

 

 

 

 

 

Commissions for administration

338

401

432

(63)

(16)

(31)

(7)

Commissions for assets under management

3,603

3,507

3,666

96

3

(159)

(4)

Commissions for other securities business

379

380

382

(1)

(0)

(3)

(1)

Total

4,320

4,287

4,480

33

1

(193)

(4)

Commissions, broker’s fees, mark-ups on securities underwriting and other securities activities:

 

 

 

 

 

 

 

Underwriting and advisory fees

1,825

1,871

2,388

(46)

(2)

(517)

(22)

Brokerage fees

1,160

1,434

1,746

(274)

(19)

(312)

(18)

Total

2,985

3,305

4,134

(320)

(10)

(829)

(20)

Fees for other customer services

3,698

4,152

4,151

(454)

(11)

1

0

Total commissions and fee income

11,002

11,744

12,765

(742)

(6)

(1,021)

(8)

Commissions and fee income

2017

Total Commission and fee income was € 11.0 billion in 2017, a decrease of € 742 million, or 6 %, as compared to 2016. The decrease was mainly driven by lower fee income in CIB, due to the reduced perimeter and lower volumes in GTB as well as reduced volumes in Equities. Fee income in PCB declined due to the reduction in perimeter from the sale of the PCS business. Partly offsetting these negative effects were higher fund management fees in Deutsche AM mainly due to favorable market conditions.

2016

Total Commissions and fee income decreased from € 12.8 billion in 2015 by € 1.0 billion, or 8 %, to € 11.7 billion in 2016. In PCB, commission and fee income declined due to the difficult market environment and reduced client activities. CIB revenues were impacted primarily by a decline in deal volumes and issuance, resulting from worldwide political uncertainty and anticipation of interest rate hikes as well as from lower market volumes.

Net gains (losses) on financial assets available for sale

2017

Net gains on financial assets available for sale were € 479 million in 2017 compared to € 653 million in 2016, a decrease of € 174 million or 27 %. The decrease was primarily due to the non-recurrence of gains related to de-risking activities in NCOU and a gain on sale of stake in Visa Europe Limited, both in 2016. This was partly offset by a gain on sale of shares in Concardis GmbH in 2017.

2016

Net gains on financial assets available for sale were € 653 million in 2016 compared to € 203 million in 2015, an increase of € 450 million. The increase resulted from the sale a holding in Visa Europe Limited and from the sale of sovereign bonds in Postbank, as well as from de-risking activities in NCOU.

Net income (loss) from equity method investments

2017

Net gains from equity investments were € 137 million in 2017 compared to € 455 million in 2016, a decrease of € 318 million, or 70 %, primarily due to the non-recurrence of a gain from the IPO of Red Rock Resorts in NCOU.

2016

Net gains from equity investments were € 455 million in 2016 compared to € 164 million in 2015, an increase of € 291 million, or 177 %, primarily in NCOU due to a gain from the IPO of Red Rock Resorts.

Other income (loss)

2017

Other income (loss) was a loss of € 475 million in 2017 compared to a gain of € 1.1 billion in 2016. The decline was primarily driven by the absence of a positive realization in Other comprehensive income from the sale of stake in Hua Xia Bank Co. Ltd. The decline also included a negative impact from the agreement to sell a significant portion of the retail business in Poland as well as a one-off loss due to termination of a legacy trust preferred security.

2016

Other income increased by € 385 million or 58 %, from € 669 million in 2015 to € 1.1 billion in 2016. The increase in 2016 was primarily driven by a realization in Other comprehensive income from the sale of stake in Hua Xia Bank Co. Ltd. and was partly offset by de-risking losses due to the sale of IAS 39 assets in NCOU, the non-recurrence of a specific litigation recovery and gain on sale of Maher Prince Rupert in 2015.