Deutsche Bank

Annual Report 2017

Funding Diversification

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

1

Includes additional Tier 1 notes reported as additional equity components in the financial statements. Liabilities with call features are shown at earliest legally exercisable call date. No assumption is made as to whether such calls would be exercised.

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