Investor Presentaiton
Private Bank
In € m, unless stated otherwise
Financial results
Revenue and AuM performance
Key highlights
Revenues
Q3 2023
A vs.
Q3 2022 Q2 2023
A vs.
Profit (loss) before tax
Statement of income
Revenues
2,343
3%
(2)%
Revenues ex-specific items¹
2,343
9%
(2)%
Provision for credit losses
174
9%
19%
Noninterest expenses
1,831
7%
(12)%
Adjusted costs
1,792
5%
(2)%
Pre-provision profit
512
(8)%
58%
337
(15)%
89%
Private
Bank
Int.
Private
Bank
PB
Germany
A vs. Q3
2022
>
Revenues increased year on year driven by
higher interest income
1,497
16% 16%
>
Net interest income essentially flat quarter on
845
Balance sheet and resources
XX%
Excluding specific items¹
Assets under management, in € bn²
547
3%
1%
Loans, in €bn³
263
(2)%
0%
AuM, in €bn6
Net flows, in € bn6
Deposits, in € bn
309
(4)%
1%
541
547
9.2
Leverage exposure, in € bn
338
(2)%
(1)%
110
113
Risk-weighted assets, in € bn
86
(0)%
(1)%
2.9
Provision for credit losses, in bps of
average loans
74
78
27
2bps
4bps
139
138
3.2
Performance measures and ratios
Net interest margin
2.3%
Cost/income ratio
78.1%
ROTE5
Notes: for footnotes refer to slides 44 and 45
0.4ppt (0.0)ppt
2.7ppt (8.3)ppt
6.2% (2.1) ppt 3.3ppt
1.0
220
218
2.1
(13)% (3)%
2,343 3% 9%
quarter; slightly higher deposit revenues
mainly offset by higher mortgage hedging
costs
Double-digit revenue growth in PB Germany
despite lower fee income
Revenues in the IPB mainly impacted by
forgone revenues from a divested business,
continued headwinds from Asia and the non-
recurrence of specific items last year
Noninterest expenses driven by investments
in group control functions and higher internal
cost allocations; the prior year quarter
benefited from deposit protection and net
restructuring releases
Provision for credit losses include effects
from temporary operational backlog from
Postbank transition
Strong AuM inflows of € 9bn supported by
deposit campaigns
Q2 2023
Q3 2023
Q3 2023
PB GY Deposits
IPB - Deposits
PB GY Inv. products
IPB Inv. products
17
Deutsche Bank
Investor Relations
Q3 2023 results
October 25, 2023View entire presentation