Deutsche Bank Fixed Income Presentation Deck
Continued high loss-absorbing capacity
In € bn, period end
Senior
preferred¹
Senior
non-preferred
T2
AT1
CET1
121
7
45
11
8
49
Q2 2023
available
MREL/TLAC²
Notes: for footnotes refer to slides 35 and 36
Deutsche Bank
Investor Relations
12
109
MREL
requirement
26
88
1
MREL
subordination
requirement
31
Q2 2023 Fixed Income Investor Call
July 28, 2023
83
Surplus
above
I requirements
TLAC
requirement
/
> Q2 2023 loss-absorbing capacity significantly above all
regulatory requirements, with MREL remaining the
most binding constraint
€ 12bn MREL surplus down € 7bn quarter on quarter:
>
€ 4bn lower surplus from higher MREL
requirement and general prior permissions
becoming subject to deduction
>
€ 2bn lower surplus from eligible liabilities losing
MREL recognition with remaining maturity falling
below one year
>
€ 1bn lower surplus from senior non-preferred
tender offer executed in May 2023
> MREL buffer at comfortable level allowing us the
flexibility to pause issuances of eligible instruments for
around one year
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