Deutsche Bank

Annual Report 2017

Group Five-Year Record

in € m.

2017

2016

2015

2014

2013

1

The number of average basic and diluted shares outstanding has been adjusted for all periods before April 2017 in order to reflect the effect of the bonus component of subscription rights issued in connection with the capital increase completed in April 2017, all periods before June 2014 have been adjusted in order to reflect the effect of the bonus component of subscription rights issued in connection with the capital increase completed in June 2014.

2

We calculate basic earnings per share for each period by dividing our net income attributable to Deutsche Bank shareholders by the average number of common shares outstanding. Earnings were adjusted by € 298 million and € 276 million and € 228 million net of tax for the coupons paid on Additional Tier 1 Notes in April 2017, April 2016 and April 2015, respectively.

3

We calculate diluted earnings per share for each period by dividing our net income attributable to Deutsche Bank shareholders by the average number of common shares outstanding, both after assumed conversions. Earnings were adjusted by € 298 million and € 276 million and € 228 million net of tax for the coupons paid on Additional Tier 1 Notes in April 2017, April 2016 and April 2015, respectively. For 2017, 2016 and 2015, there is no dilutive effect as the Group reported a net loss.

4

Dividends we declared and paid in the year.

5

Dividends declared and paid in U.S.$ were translated from euro into U.S.$ based on the exchange rates as of the respective payment days.

6

The dividend paid in 2017 consisted of € 0.11 for 2016 and of € 0.08 for 2015 that were paid simultaneously in 2017 after the agreement by the annual general meeting in 2017.

Net interest income

12,378

14,707

15,881

14,272

14,834

Provision for credit losses

525

1,383

956

1,134

2,065

Net interest income after provision for credit losses

11,853

13,324

14,925

13,138

12,769

Commissions and fee income

11,002

11,744

12,765

12,409

12,308

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

2,926

1,401

3,842

4,299

3,817

Other noninterest income (loss)

142

2,162

1,037

969

956

Total net revenues

26,447

30,014

33,525

31,949

31,915

Compensation and benefits

12,253

11,874

13,293

12,512

12,329

General and administrative expenses

11,973

15,454

18,632

14,654

15,126

Policyholder benefits and claims

0

374

256

289

460

Impairment of goodwill and other intangible assets

21

1,256

5,776

111

79

Restructuring activities

447

484

710

133

399

Total noninterest expenses

24,695

29,442

38,667

27,699

28,394

Income (loss) before income taxes

1,228

(810)

(6,097)

3,116

1,457

Income tax expense

1,963

546

675

1,425

775

Net income (loss)

(735)

(1,356)

(6,772)

1,691

681

Net income attributable to noncontrolling interests

15

45

21

28

15

Net income (loss) attributable to Deutsche Bank shareholders and additional equity components

(751)

(1,402)

(6,794)

1,663

666

 

 

 

 

 

 

in €
(unless stated otherwise)

 

 

 

 

 

Basic earnings per share1,2

(0.53)

(1.08)

(4.52)

1.20

0.57

Diluted earnings per share1,3

(0.53)

(1.08)

(4.52)

1.17

0.56

Dividends paid per share4

0.196

0.00

0.75

0.75

0.75

Dividends paid per share in U.S.$5

0.21

0.00

0.84

1.02

0.97

 

2017

2016

2015

2014

2013

in € m.

in € m.

in € m.

in € m.

in € m.

in € m.

1

Capital increased from authorized capital against cash contributions through a public offering with subscription rights in April 2017 and in June 2014.

2

Figures presented for 2017, 2016, 2015 and 2014 are based on the transitional rules (“CRR/CRD 4”) and the full application (“CRR/CRD 4 fully loaded”) of the CRR/CRD 4 framework. Figures presented for 2013 are based on "Basel 2.5". The capital ratios relate the respective capital to risk-weighted assets. Until 2013 transitional items pursuant to the former Section 64h (3) of the German Banking Act are excluded.

Total assets

1,474,732

1,590,546

1,629,130

1,708,703

1,611,400

Loans

401,699

408,909

427,749

405,612

376,582

Deposits

580,812

550,204

566,974

532,931

527,750

Long-term debt

159,715

172,316

160,016

144,837

133,082

Common shares1

5,291

3,531

3,531

3,531

2,610

Total shareholders’ equity

63,174

59,833

62,678

68,351

54,719

Common Equity Tier 1 capital (CRR/CRD 4)2

50,808

47,782

52,429

60,103

38,534

Common Equity Tier 1 capital (CRR/CRD 4 fully loaded)2

48,300

42,279

44,101

46,076

38,534

Tier 1 capital (CRR/CRD 4)2

57,631

55,486

58,222

63,898

50,717

Tier 1 capital (CRR/CRD 4 fully loaded)2

52,921

46,829

48,651

50,695

50,717

Total regulatory capital (CRR/CRD 4)2

64,016

62,158

64,522

68,293

55,464

Total regulatory capital (CRR/CRD 4 fully loaded)2

63,250

59,502

60,976

63,072

55,464