Deutsche Bank Results Presentation Deck
Stable businesses maintain deposit margins
Divisional NIM development
Net interest margin¹
Corporate Bank
2.64%
Private Bank
3.36%
1.91%
Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
2.19%
4.13%
Q3 2022 Q4 2022
2.30%
Q1 2023
4.20%
Notes: for footnotes refer to slides 38 and 39
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Investor Relations
3.94%
2.32%
2.28%
Q2 2023 Q3 2023
Group NIM development
Average interest earnings assets², in € bn
1.47%
998
Q3 2022
Q3 2023 Fixed Income Investor Call
October 27, 2023
1.51%
989
Q4 2022
1.41%
972
Q1 2023
1.51%
958
Q2 2023
1.39%
964
Q3 2023
Key highlights
/
Increase in average interest
earning assets driven by deposit
growth in Q3
Corporate Bank NIM driven by
reductions in lending income and
higher cost of liquidity reserves
with underlying deposit margins
remaining strong
> Private Bank NIM is stable due to
active management including
deposit campaigns that
maintained solid margins
~5bps of Group NIM decline due
to accounting volatility held in
C&O which is offset by higher
noninterest revenues and has no
impact on group performance
> Impact ECB change to deposit
remuneration will decrease NIM by
~2bps from Q4 2023
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