Deutsche Bank Results Presentation Deck
Adjusted costs - Q1 2023 (YoY)
In € m, unless stated otherwise
Q1 2022 ex-
bank levies
Compensation
and benefits¹
Information technology
Professional
services
Other
Q1 2023 ex-
bank levies
Bank levies
Q1 2023
Note: for footnotes refer to slides 45 and 46
Deutsche Bank
Investor Relations
Q1 2023 results
April 27, 2023
FX impact
6
7
4,655
26
(4) 66
6
(1) 25
123
4,895
473
+5%
5,368
Key highlights
/
> Adjusted costs excluding bank levies flat compared to
prior quarter, in line with run-rate guidance of € 1.60-
1.65bn per month
> Cumulative investments in technology, controls and
business growth, as well as continued inflationary
pressures lead to an increase in adjusted costs ex-bank
levies
> Compensation and benefits broadly stable; inflation in
fixed remuneration and increased hiring offset by lower
variable compensation and workforce optimization
> IT costs reflects the ongoing implementation of our
technology and innovation agenda
Movement in other non-compensation cost includes
rising expense for banking services and outsourced
operations, as well as normalization of travel and
marketing costs
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