Deutsche Bank Fixed Income Presentation Deck
Net interest income sensitivity
Hypothetical +/-25bps shift in yield curve, in € m
Net interest income (NII) sensitivity¹
+25bps shift in yield curve
~55
~90
~(90)
2024
~70
2025
2024
2025
Breakdown of sensitivity by currency for +25bps shift in yield curve
EUR
~135
202
-25bps shift in yield curve
Notes: for footnotes refer to slides 35 and 36
Deutsche Bank
Investor Relations
~5
~125
2024
~(135)
~30
2025
USD
~35
2026
Q2 2023 Fixed Income Investor Call
July 28, 2023
~30
~200
202
~(200)
2026
~25
2025
Other
~30
2026
Key highlights
/
> Current observations on client
pricing show a slower pass-through
of interest rate hikes to clients
amplifying the impact of incremental
rate moves
> This currently improves NII and also
increases NII sensitivity; following
first re-pricings and ongoing risk
management NII sensitivity is
expected to normalize
> 2025 and beyond, the positive
impact from NII sensitivity is
dominated by higher EUR long-term
rates (rollover of hedges, overlay
hedges maturing, etc.)
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