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#DEUTSCHE BANK STARMONEY 6.0 SERIES#
In 2019, Sewing set out a €9bn overhaul of the bank after a series of regulatory failings and billions in losses over the previous decade. “We are focused on driving efficiencies while maintaining strong controls, and we are confident of achieving Deutsche Bank’s 2022 targets.”
#DEUTSCHE BANK STARMONEY 6.0 FULL#
“In the third quarter, we again demonstrated the operating strength of our business: our revenues have proven to be resilient, we have increased our pre-tax profit despite additional transformation charges, and we have already exceeded our full year 2021 sustainability target,” Christian Sewing, chief executive officer, said. Read more: HSBC announces $2bn share buyback as profit surges 74% Revenue for fixed-income and currency trading, one of the bank's largest divisions, fell 12% from an exceptionally strong period in 2020. Revenues at its corporate bank were flat, while its retail bank saw a 2% decline. However, Germany’s largest bank saw a fall in trading revenues during the quarter, although this was smaller than forecast, and a decline in overall revenues of 6%. Revenue from advising on global deals surged 82% to €118m, while income from helping firms issue new debt and equity increased by 22% when compared to the same period last year. It benefited from a boom in mergers and acquisitions (M&A) activity over the period, as well as a steep decline in provisions for bad loans related to the coronavirus pandemic. Photo: Joseph Nair/NurPhoto via Gettyĭeutsche Bank ( DBK.DE) revealed its net profits rose 7% to €194m (£163m, $224m) in the third quarter of the year, beating analyst expectations of €135m. Liquidity reserves, in € bn.Net profits rose 7% to €194m in the third quarter of the year, beating analyst expectations of €135m. High-quality liquid assets (HQLA), in € bn. Tangible shareholders' equity (Tangible book value), in € bn. 6 Average loans (gross of allowance for loan losses), in € bn. Loans (gross of allowance for loan losses), in € bn.
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Profit (loss) attributable to Deutsche Bank shareholders, in € bn. Noninterest expenses, in € bn.Īdjusted costs ex. Statement of income Total net revenues, in € bn. Post-tax return on average tangible shareholders' equity 1,2,3 Cost/income ratio 1Ĭommon Equity Tier 1 capital ratio 1,6,21,22 Leverage ratio (fully loaded) 1,7,22 The Bank is filing its Interim and Annual Reports under IFRS as adopted by the IASB with the US SEC (). This Financial Data Supplement is presented under IFRS as endorsed by the EU.
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locally: based on IFRS as endorsed by the EU US: based on IFRS as issued by the IASB). To reflect reporting obligations in Germany and the US, DB has prepared separate sets of interim financial information since the first quarter 2020 (i.e.
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In any given period, the net effect of the EU carve-out can be positive or negative, depending on the fair market value changes in the positions being hedged and the hedging instruments. For the nine-month period ended September 30, 2021, application of the EU carve out had a negative impact on the CET1 capital ratio of about 5 basis points and a positive impact of about 1 basis point for the nine-month period ended September 30, 2020. The Group's regulatory capital and ratios thereof are also reported on the basis of the EU carve out version of IAS 39. For the same time period in 2020 the application of the EU carve out had a positive impact of € 65 million on profit before taxes and of € 38 million on profit. For the nine-month period ended September 30, 2021, application of the EU carve out had a negative impact of € 276 million on profit before taxes and of € 187 million on profit. For the same time period in 2020 the application of the EU carve out had a negative impact of € 12 million on profit before taxes and of € 9 million on profit. Fair value hedge accounting under the EU carve-out is employed to minimize the accounting exposure to both positive and negative moves in interest rates in each tenor bucket thereby reducing the volatility of reported revenue from Treasury activities.įor the three-month period ended September 30, 2021, application of the EU carve out had a positive impact of € 45 million on profit before taxes and of € 28 million on profit. Results are prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board ("IASB") and endorsed by the European Union ("EU"), including, from 2020, application of portfolioįair value hedge accounting for non-maturing deposits and fixed rate mortgages with pre-payment options (the "EU carve-out"). Due to rounding, numbers presented throughout this document may not sum precisely to the totals we provide and percentages may not precisely reflect the absolute figures.Īll segment figures reflect the segment composition as of the third quarter 2021.