Deutsche Bank Fixed Income Presentation Deck

Resilient NIM in PB and CB in the second quarter Divisional NIM development Net interest margin¹ Corporate Bank 2.49% Q2 2022 Private Bank 1.93% Q2 2022 2.64% 3.36% Q3 2022 Q4 2022 Q1 2023 1.91% 2.19% 4.13% Notes: for footnotes refer to slides 35 and 36 Deutsche Bank Investor Relations 2.30% 4.20% Q2 2023 2.32% Q3 2022 Q4 2022 Q1 2023 Q2 2023 Group NIM development Average interest earnings assets², in € bn 1.39% 971 1.47% Q2 2023 Fixed Income Investor Call July 28, 2023 998 Q2 2022 Q3 2022 1.51% 989 Q4 2022 1.41% 972 Q1 2023 1.51% 958 Q2 2023 Key highlights / > Strong CB and PB NIM as rate pass-through continues to outperform conservative model assumptions NII essentially flat in both divisions with NIM uptick driven by lower average balances > Rebound in Group NIM due to reversal of technical accounting effects in C&O in Q1 Reduction in average interest earning assets driven primarily by lower average cash balances in Q2 5

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