Investor Presentaiton
Pre-provision profit, CAGR and operating leverage
In € m, unless stated otherwise
FY 2021
LTM Q3 2023
Q4 2022
Q1 2023
Q2 2023
Q3 2023
CAGR² FY 2021-
LTM Q3 2023
9M 2022
9M 2023
9M 2023 vs
9M 2022
Net revenues
Corporate Bank
5,153
1,760
1,973
1,943
1,889
7,565
24.5%
4,577
5,805
27%
Investment Bank
9,631
1,675
2,691
2,361
2,271
8,998
(3.8)%
8,341
7,323
(12)%
Private Bank
8,233
2,506
2,438
2,400
2,343
9,686
9.7%
6,647
7,180
8%
Asset Management
2,708
609
589
620
594
2,412
(6.4)%
1,998
1,803
(10)%
Corporate & Other
(314)
(236)
(10)
85
35
(127)
(667)
110
Group
25,410
6,315
7,680
7,409
7,132
28,536
6.9%
20,895
22,221
n.m.
6%
Operating leverage
Noninterest expenses
YoY³
Corporate Bank
(4,547)
(975)
(1,084)
(1,157)
(1,073)
(4,288)
(3,214)
(3,314)
3%
24%
Investment Bank
(6,087)
(1,611)
(1,797)
(1,641)
(1,546)
(6,595)
(4,855)
(4,984)
3%
(15)%
Private Bank
(7,920)
(1,769)
(1,887)
(2,075)
(1,831)
(7,561)
(5,079)
(5,792)
14%
(6)%
Asset Management
(1,670)
(491)
(436)
(474)
(444)
(1,845)
(1,359)
(1,354)
0%
(9)%
Corporate & Other
(1,281)
(343)
(253)
(256)
(270)
(1,123)
(694)
(780)
12%
Group
(21,505)
(5,189)
(5,457)
(5,602)
(5,164)
(21,413)
(15,201)
(16,223)
7%
(0)%
Pre-provision profit¹
Corporate Bank
606
786
889
787
816
3,277
1,363
2,491
83%
Investment Bank
3,544
64
894
720
725
2,404
3,486
2,339
(33)%
Private Bank
313
737
551
325
512
2,125
1,568
1,388
(11)%
Asset Management
1,038
118
153
146
150
567
639
449
(30)%
Corporate & Other
(1,595)
(579)
(263)
(171)
(235)
(1,250)
(1,362)
(670)
(51)%
Group
3,905
1,126
2,224
1,806
1,968
7,123
5,694
5,998
5%
Notes: for footnotes refer to slides 44 and 45
Deutsche Bank
Investor Relations
Q3 2023 results
October 25, 2023
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