Deutsche Bank Fixed Income Presentation Deck
Interest rates continued to support PB and CB NIM
Divisional NIM development
Corporate Bank
2.40%
2.49%
Private Bank
1.83%
Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023
1.93%
2.64%
1.91%
Q1 2022 Q2 2022 Q3 2022
Deutsche Bank
Investor Relations
Note: For footnotes refer to slides 35 and 36
3.36%
4.13%
2.19%
2.30%
Q4 2022 Q1 2023
Group NIM development
Average interest earnings assets¹, in € bn
Net interest margin²
1.19%
967
Q1 2022
Q1 2023 Fixed Income Investor Call
April 28, 2023
1.39%
971
Q2 2022
1.47%
998
Q3 2022
1.51%
989
Q4 2022
1.41%
977
Q1 2023
Key highlights
/
Corporate Bank and Private Bank
NIM show continued favorable
development due to rising rates
and strong pricing discipline
> Group NIM shows a decline due
to the accounting treatment of
certain hedge positions in C&O
which is fully offset by and
increase in non-interest income
Decrease in average interest
earning assets driven principally
by TLTRO prepayments
Realized deposit betas remain
favorable but are expected to
continue to normalize as the pace
of interest rate rises slow
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