Deutsche Bank Fixed Income Presentation Deck
Significant buffer over MREL/TLAC requirements
Loss-absorbing capacity, in € bn, period end
Senior
preferred¹
Senior
non-preferred
T2
AT1
CET1
127
8
50
11
8
49
Q1 2023
available
MREL/TLAC²
Note: For footnotes refer to slides 35 and 36
Deutsche Bank
Investor Relations
19
108
MREL
requirement
28
91
MREL
subordination
requirement
35
Q1 2023 Fixed Income Investor Call
April 28, 2023
84
1
TLAC
requirement
Surplus
above
requirements
/
> Q1 2023 loss-absorbing capacity significantly above all
regulatory requirements, with MREL remaining most
binding constraint
> € 19bn MREL surplus up by € 1bn quarter on quarter
>
€ 2bn higher requirement from introduction of
German countercyclical buffer and systemic risk
buffer in Q1 2023
>
More than offset by higher available MREL/TLAC²
principally from ~€ 2bn net new senior non-
preferred issuances and ~€ 1bn higher CET1
capital
> € 3bn lower surplus ceteris paribus expected in Q2
2023 from a higher MREL requirement and general
prior permissions becoming subject to deduction
12View entire presentation