In 2017, total external funding increased by € 38.0 billion from € 976.8 billion at December 31, 2016 to € 1,014.8 billion at December 31, 2017. This is primarily driven by increased balances in Retail deposits by € 24.9 billion (8.5 %), Transaction Banking by € 16.5 billion (8.3 %), secured funding and shorts by € 11.8 billion (7.1 %) and other customers by € 3.5 billion (6.6 %). The total increase is slightly offset by reduction in unsecured wholesale funding by € 9.7 billion (17.6 %) and Capital Markets and Equity volume by € 8.9 billion (4.2 %).
The overall proportion of our most stable funding sources (comprising capital markets and equity, retail, and transaction banking) remained constant at 72 %.
Composition of External Funding Sources
Maturity of unsecured wholesale funding, ABCP and capital markets issuance1 |
||||||||||
|
Dec 31, 2017 |
|||||||||
in € m. |
Not more than 1 month |
Over 1 month but not more than 3 months |
Over 3 months but not more than 6 months |
Over 6 months but not more than 1 year |
Sub-total less than 1 year |
Over 1 year but not more than 2 years |
Over 2 years |
Total |
||
|
||||||||||
Deposits from banks |
9,709 |
3,477 |
2,196 |
1,172 |
16,554 |
721 |
54 |
17,330 |
||
Deposits from other wholesale customers |
3,451 |
5,884 |
4,112 |
3,974 |
17,421 |
483 |
525 |
18,429 |
||
CDs and CP |
1,579 |
2,595 |
2,381 |
2,873 |
9,427 |
6 |
82 |
9,516 |
||
ABCP |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||
Senior unsecured plain vanilla |
405 |
4,038 |
3,231 |
3,288 |
10,961 |
16,009 |
44,399 |
71,368 |
||
Senior unsecured structured notes |
345 |
868 |
1,654 |
2,952 |
5,818 |
3,044 |
16,893 |
25,756 |
||
Covered bonds/ABS |
90 |
194 |
1,711 |
737 |
2,731 |
2,190 |
17,248 |
22,169 |
||
Subordinated liabilities |
50 |
234 |
5,265 |
700 |
6,250 |
135 |
11,694 |
18,079 |
||
Other |
4 |
0 |
0 |
0 |
4 |
0 |
0 |
4 |
||
Total |
15,632 |
17,289 |
20,550 |
15,695 |
69,167 |
22,588 |
90,895 |
182,650 |
||
thereof: |
|
|
|
|
|
|
|
|
||
Secured |
90 |
194 |
1,711 |
737 |
2,731 |
2,190 |
17,248 |
22,169 |
||
Unsecured |
15,542 |
17,096 |
18,840 |
14,959 |
66,436 |
20,398 |
73,647 |
160,481 |
||
The total volume of unsecured wholesale liabilities, ABCP and capital markets issuance maturing within one year amount to € 69 billion as of December 31, 2017, and should be viewed in the context of our total Liquidity Reserves of € 280 billion.
|
Dec 31, 2016 |
|||||||
in € m. |
Not more than 1 month |
Over 1 month but not more than 3 months |
Over 3 months but not more than 6 months |
Over 6 months but not more than 1 year |
Sub-total less than 1 year |
Over 1 year but not more than 2 years |
Over 2 years |
Total |
Deposits from banks |
15,626 |
5,294 |
6,961 |
1,588 |
29,469 |
40 |
659 |
30,168 |
Deposits from other wholesale customers |
4,164 |
5,712 |
3,992 |
4,111 |
17,979 |
703 |
422 |
19,104 |
CDs and CP |
1,117 |
1,379 |
1,973 |
1,060 |
5,529 |
4 |
1 |
5,534 |
ABCP |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Senior unsecured plain vanilla |
626 |
4,111 |
4,735 |
11,825 |
21,296 |
8,085 |
49,993 |
79,374 |
Senior unsecured structured notes |
430 |
696 |
858 |
1,715 |
3,698 |
3,578 |
20,217 |
27,494 |
Covered bonds/ABS |
0 |
482 |
678 |
1,284 |
2,445 |
2,718 |
18,601 |
23,764 |
Subordinated liabilities |
0 |
8 |
1,576 |
972 |
2,556 |
4,620 |
11,712 |
18,887 |
Other |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Total |
21,963 |
17,682 |
20,773 |
22,555 |
82,973 |
19,749 |
101,605 |
204,326 |
thereof: |
|
|
|
|
|
|
|
|
Secured |
0 |
482 |
678 |
1,284 |
2,445 |
2,718 |
18,601 |
23,764 |
Unsecured |
21,963 |
17,199 |
20,094 |
21,271 |
80,528 |
17,031 |
83,004 |
180,563 |
The following table shows the currency breakdown of our short-term unsecured wholesale funding, of our ABCP funding and of our capital markets issuance.
Unsecured wholesale funding, ABCP and capital markets issuance (currency breakdown) |
||||||||||
|
Dec 31,2017 |
Dec 31,2016 |
||||||||
in € m. |
in EUR |
in USD |
in GBP |
in other CCYs |
Total |
in EUR |
in USD |
in GBP |
in other CCYs |
Total |
Deposits from banks |
2,310 |
11,096 |
2,423 |
1,502 |
17,330 |
3,554 |
22,122 |
3,649 |
843 |
30,168 |
Deposits from other wholesale customers |
14,109 |
3,743 |
233 |
344 |
18,429 |
15,396 |
2,964 |
541 |
203 |
19,104 |
CDs and CP |
6,401 |
1,942 |
310 |
863 |
9,516 |
4,456 |
259 |
259 |
560 |
5,534 |
ABCP |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Senior unsecured plain vanilla |
36,407 |
27,482 |
864 |
6,616 |
71,368 |
39,510 |
33,504 |
8 |
6,352 |
79,374 |
Senior unsecured structured notes |
9,937 |
12,301 |
31 |
3,487 |
25,756 |
11,037 |
12,697 |
133 |
3,626 |
27,494 |
Covered bonds/ABS |
22,142 |
25 |
0 |
2 |
22,169 |
23,745 |
16 |
0 |
2 |
23,764 |
Subordinated liabilities |
7,940 |
8,960 |
801 |
378 |
18,079 |
8,540 |
9,196 |
799 |
353 |
18,887 |
Other |
0 |
4 |
0 |
0 |
4 |
0 |
0 |
0 |
0 |
0 |
Total |
99,245 |
65,552 |
4,662 |
13,192 |
182,650 |
106,239 |
80,758 |
5,390 |
11,940 |
204,326 |
thereof: |
|
|
|
|
|
|
|
|
|
|
Secured |
22,142 |
25 |
0 |
2 |
22,169 |
23,745 |
16 |
0 |
2 |
23,764 |
Unsecured |
77,103 |
65,527 |
4,662 |
13,190 |
160,481 |
82,494 |
80,742 |
5,390 |
11,938 |
180,563 |