Deutsche Bank Results Presentation Deck
Level 3 assets and liabilities
As of March 31, 2023, in € bn
Assets: € 26bn
Equity securities Mortgage backed securities
Other 3
Debt
securities
27
0
Loans
Deutsche Bank
Investor Relations
Derivative
Movements in balances
2
1
Note: for footnotes refer to slides 45 and 46
9 Assets
Dec 31, Purchases/ Sales/ Others² Mar 31,
2022 Issuances¹Settlements
2023
26
Q1 2023 results
April 27, 2023
Liabilities: € 11bn
Debt Securities
11
3
Other
0
8
Derivative Liability
Movements in balances
0
(0)
0
Dec 31, Issuances¹ Settlements Others²
2022
11
Mar 31,
2023
Key highlights
Level 3 is an indicator of valuation uncertainty and
not of asset quality
The Group classifies financial instruments as
Level 3 if an unobservable element impacts the
fair value by 5% or more
/
The movements in Level 3 assets reflect that the
portfolios are not static with significant turnover
during the period
Variety of mitigants to valuation uncertainty:
>
Uncertain inputs often hedged, e.g. in Level 3
liabilities
>
>
Exchange of collateral with derivative
counterparties
Prudent Valuation capital deductions³
specific to Level 3 balances of ~€ 0.8bn
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