Deutsche Bank Fixed Income Presentation Deck
Net interest income sensitivity
Hypothetical +/-25bps shift in yield curve, in € m
Net interest income (NII) sensitivity¹
+25bps shift in yield curve -25bps shift in yield curve
~65
~80
~(80)
2023
2023
EUR
2025
Note: For footnotes refer to slides 35 and 36
Deutsche Bank
Investor Relations
~80
Breakdown of sensitivity by currency for +25bps shift in yield curve
~100
~(5)
2023
~(90)
2024
USD
~30
2025
~160
Q1 2023 Fixed Income Investor Call
April 28, 2023
~(170)
2025
~20
2023
Other
~30
2025
Key highlights
/
> Current observations on client
pricing show a slower pass through
of interest rate hikes to clients
amplifying the impact of
incremental rate moves
> This improves NII for 2023 and also
increases NII sensitivity; note that
2023 has only 9 months of
sensitivity compared to 2024
> 2025 and beyond, the positive
impact from NII sensitivity is
dominated by higher EUR long-
term rates
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