Deutche Bank Doc 1- Deutsche Bank at a Glance

8/13/2019 Deutche Bank Doc 1- Deutsche Bank at a Glance

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Deutsche Bank

Deutsche Bank

at a Glance


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About Deutsche Bank

Deutsche Bank is a leading client-centric global universalbank. Its businesses encompass a wide range of productsand services in investment, corporate and retail bankingas well as in asset and wealth management. The Groupoperates in all regions of the world.

Deutsche Bank is the leader in its German home market

and enjoys an outstanding position in Europe. The bankalso has a strong competitive position in North Americaas well as in key emerging markets, particularly in Asia.The Group is backed by strong capital and liquiditypositions.

With Strategy 2015+, Deutsche Bank is reinforcing its

commitment to the universal banking model, to itshome market of Germany and to its global positioning.The strategy emphasizes the need for organic growth ofits capital base, the further reduction in risk and higheroperating performance. Deutsche Bank aims to be atthe forefront of cultural change in the nancial servicessector.

Global Presence

2

Major regional hubCapital of country in which we are represented

New York

Frankfurtam Main

Hongkong

So Paulo

Dubai

London

Singapur


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Corporate Divisions

Deutsche Bank comprises ve corporate divisions:Corporate Banking & Securities (CB&S), Global TransactionBanking (GTB), Asset & Wealth Management (AWM),Private & Business Clients (PBC) and the Non-CoreOperations Unit (NCOU).

Private & Business Clientsprovides a broad range of

banking services to private individuals, self-employedclients as well as small and medium-sized businesses.These services include current accounts, deposits,loans, investment management and pension products.

Asset & Wealth Managementcomprises the formerAsset Management (AM) and Private Wealth Management(PWM) Business Divisions as well as the former passivefund management and third-party alternative assetsbusiness activities, which were transferred from CB&Sto AWM at the end of 2012. Oering a wide range oftraditional and alternative investment products, AWMhelps private and institutional investors to secure andincrease their wealth. AWM also oers tailored wealth

management products and services to ultra high networth individuals and families.


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Corporate Banking & Securitiesconsists of the Marketsand Corporate Finance Business Divisions.

Markets combines the sales, trading and structuring ofa wide range of nancial market products, including bonds,equities and equity-linked products, exchange-tradedand over-the-counter derivatives, foreign exchange,

money market instruments, securitized instruments andcommodities.

Corporate Finance is responsible for mergers and acqui-sitions, including advisory, debt and equity issuance,as well as capital markets coverage of large and medium-sized corporations. Regional and industry-focusedteams ensure the delivery of the entire range of nancialproducts and services.

Global Transaction Bankingserves corporate clients andnancial institutions across the globe. Its products andservices include domestic and cross-border payments,risk mitigation and international trade nance. GTB also

provides trust, agency, depositary, custody and relatedservices.

TheNon-Core OperationsUnit(NCOU) bundles assetsand liabilities not related to Deutsche Banks core strategywith a view to accelerating the de-risking process. Thiswill be achieved by coordinating the disposal of these

assets across the bank.

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Corporate Governance

Eective corporate governance in accordance with highinternational standards is very important to DeutscheBank. The essential framework for this is provided, rstand foremost, by the German Stock Corporation Actand the German Corporate Governance Code. As thebanks share is also listed on the New York Stock Exchange,Deutsche Bank is also subject to the relevant U. S. capital

market laws as well as the rules of the Securities andExchange Commission (SEC) and New York StockExchange.

The system of corporate governance provides the basisfor the responsible management and control of DeutscheBank, with a focus on sustainable value creation.

It has four key elements: good relations with shareholders,eective cooperation between the Management Boardand Supervisory Board, a performance-based compen-sation system with a sustainable and long-term focus,as well as transparent and timely reporting.

Deutsche Bank continuously checks its system ofcorporate governance in light of new events, statutoryrequirements and domestic and international standards,and makes the appropriate adjustments. A detailedCorporate Governance Report, along with the CorporateGovernance Statement for 2012 and other documentson the banks corporate governance, such as the termsof reference for the Management Board, the SupervisoryBoard and its committees, are available on the internet.

Shareholders and the public are regularly kept up to datethrough the Annual Report, including the ConsolidatedFinancial Statements, as well as the Interim Reports.The reporting of Deutsche Bank Group is in accordancewith International Financial Reporting Standards (IFRS).This provides for a high degree of transparency in nancial

reporting and facilitates comparability with its interna-tional peers.


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Shareholders

The number of shareholders decreased to 610,964 overthe course of 2012. The share of capital held by privateinvestors was 25 % at the end of 2012. Institutionalinvestors held 75 % of the banks total share capital.Total share capital held in Germany decreased to 45 %over the course of the year. Reasons for this included,above all, the transfer of the custody of institutional

investors shareholdings from Germany to abroad aswell as sales of private shareholders in Germany.

Deutsche Bank shares remain almost entirely in freeoat. Once again, around 99 % of the banks shareholderswere private investors. BlackRock Inc., New York, whichholds 5.14 % of its shares, is the only large shareholder

whose holdings at the end of 2012 are subject to thestatutory reporting threshold of 3 %.

Deutsche Bank informs its shareholders and analystsregularly about the development of its business andstrategy primarily through a toll-free shareholder hotlineand the internet portal. On the website, the bank providesall of the companys announcements and nancial reports.For many years now, the bank broadcast all major InvestorRelations events, as well as the quarterly conferencecalls and speeches held at the Annual General Meeting,live on the internet. Shareholders have the possibility toregister online to participate in the banks AnnualGeneral Meeting.

Long-term return

2,000

1,500

1,000

500

0

80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12

Total Return Index, beginning of 1980 = 100, quarterly guresDAXDeutsche Bank Source: Datastream

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Strengthening its capital base remained the banks top

priority in 2012. Its core Tier 1 capital ratio improvedfurther over the course of the year from 9.5 % to 11.4 %.This is an all-time high, even under the more stringentrules of Basel 2.5, and well above the regulatory minimumrequirement. The bank will continue to focus on increasingthis capital base even further as part of Strategy 2015+.

Deutsche Banks market capitalization increased during2012 by 3.3 billion to 30.6 billion. The average dailytrading volume on Xetra fell by 1.3 million to 7.6 millionshares compared to 2011. This decrease more thanoset the increase in share price and, consequently, thefull-year value of Xetra trading fell from 133 billion to 127 billion in 2012. Nonetheless, the Deutsche Bank

share remained the second-most traded share by valueamong DAX shares on Xetra. On the New York StockExchange, the average volume of trading in the banksshare decreased by 18 % in 2012.

The rise of Deutsche Banks share price in 2012 led to anincrease in the shares longterm total shareholder return.An investor who bought Deutsche Bank shares for theequivalent of 10,000 at the start of 1980, reinvesteddividends and subscribed to capital increases withoutinjecting additional funds would have held a portfolioworth 70,158 at the end of 2012. This corresponds toan average annual return of 6.1 %, while the DAX recordedan increase of 8.6 % per annum over the same period.

Useful information on the Deutsche Bank share

2012

Change in total return1 15.03 %Share in equities trading (Xetra)1 5.10 %Average daily trading volume2 7.6 million sharesShare price high 39.50Share price low 22.51

Dividend per share ( proposed for 2012 ) 0.75

As of December 31, 2012

Issued shares 929,499,640Outstanding shares 929,183,898Share capital 2,379,519,078.40Market capitalization 30.63 billionShare price3 32.95Weighting in the DAX 4.61 %Weighting in the Euro STOXX 50 1.95 %

1Share price based on Xetra2

Order book statistics ( Xetra )3Xetra closing price


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Clients

Deutsche Bank is a reliable partner for its clients with afull range of nancial solutions suited to their individualneeds. Deutsche Bank aims to generate value for itsclients. Their interests dene the benchmarks for thebanks work. Its employees are responsible for ndingthe best possible solutions in the interests of its clients,and this task has also been incorporated into the manage-

ment objectives of its distribution and sales organization.The bank attaches great importance to addressing theneeds of its retail clients. This entails providing clear,easily understandable advice and transparent products.Deutsche Bank has also reinforced its coverage formedium-sized enterprises and major corporationsaround the world.

PBCs product range includes payment and currentaccount services, investment management and retire-ment planning, securities as well as loans to privateclients and businesses. The bank oers corporate andinstitutional clients payments processing and corporatenance as well as IPOs and M&A advisory. In addition,the bank has a leading position in international foreignexchange, xed-income and equities trading.

Number of clients (rounded)

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2012 2011 2010Corporate Banking & Securities 21,400 18,700 17,100

Global Transaction Banking 67,200 71,700 64,900

Asset & Wealth Management Retail Asset Management( Germany / Luxembourg ) 2,316,000 2,260,000 2,225,000

thereof: in cooperation 552,000 465,000 464,000

Institutional Asset Management 2,400 2,400 2,300

Wealth Management1 71,300 75,800 79,400

Private & Business Clients 28,425,000 28,585,000 28,787,000

thereof: Deutsche Postbank AG 14,018,000 14,064,000 14,150,000

1Number of relationships excluding Private Client Services (USA), including Sal. Oppenheim


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Sta

Deutsche Banks employees are key to the banks success.The expertise and skills of its people are vital to deliveringcontinued business success. The bank can only meet itsbusiness objectives if it succeeds in recruiting talentedpeople, retaining them and fostering their development.Deutsche Bank, which operates in 72 countries andincludes 136 nationalities among its employees, encou-

rages a culture of diversity among its sta. This enablesthe bank to meet the varied expectations of its globalclient base.

To foster a culture of responsibility, Deutsche Bank rolledout a set of newly dened Performance Standards in 2012.In addition to rating the actual achievement of targets,

how they are achieved is assessed more intensively.In the interests of sustainability and long-term goals,Deutsche Bank also initiated the transition towards a newcompensation model.

Regional distribution of employeesIn percentage at the end of 2012*

*Full-time equivalents

10.5 %Americas

24.3 %Europe (excl. Germany,Middle East and Africa)

18.1 %Asia Pacic

47.1 %Germany


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Society

Deutsche Bank believes that being economicallysuccessful and internationally competitive generatesvalue for its shareholders, clients, employees, and societyat large. The bank applies high environmental and socialstandards to its business to support a sustainable future.

Progress and prosperity are driving Deutsche when the

bank initiates and supports educational, social, andcultural projects that help people everywhere to fullltheir potential. The bank also encourages its employeesto use their skills to benet others through involvementin community projects and social enterprises that pro-duce lasting change. This is how Deutsche Bank buildssocial capital.

The banks corporate citizenship programs aim to tacklechallenges society faces, particularly obstacles to edu-cation and personal development. The banks invest-ments help people and communities to help themselves.The bank acts in three major focus areas: its educationprograms enable talent, its social initiatives createopportunity, and its art & music projects foster creativity.

With a total investment of 82.7 million in social andcultural projects, Deutsche Bank and its foundationswere again among the worlds most active corporatecitizens in 2012. In addition, more than 19,500 DeutscheBank employees around the world (24 % of global sta)participated in community projects, dedicating almost30,000 days as corporate volunteers.

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Regional split of global social responsibility investmentsTotal of 82.7 m. in 2012

14 %

UK

22 %Americas

11 %Europe(excl. Germany,

UK), Middle Eastand Africa

11 %Asia Pacic(incl. Japan)

42 %Germany


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Milestones

1870Deutsche Bank is founded in Berlin its purpose: totransact banking business of all kinds, in particular to promoteand facilitate trade relations between Germany, other Europeancountries, and overseas markets.

1871/72First branches in Bremen and Hamburg, followed bymore branches in, for example, Frankfurt am Main, Munich,Leipzig and Dresden.

1873Opening of the rst European foreign branch in London.

from 1880Deutsche Bank begins to supply industry with loansand capital market products. Foreign investments in North andSouth America, Eastern Asia, and Turkey.

from 1914As a result of the acquisition of several regional banks,Deutsche Bank establishes a branch network all over Germany.

1929The biggest ever merger in German banking history createsthe Deutsche Bank und Disconto-Gesellschaft.

1937The company name is changed back to Deutsche Bank.

1945Closure of Deutsche Banks Berlin Head Oce and of allbranches in the Soviet-occupied zone.

1947/48In the Western zones of occupation, Deutsche Bank is

decentralized into ten regional institutions.

1952The so-called Big Banks Act allows the amalgamation ofthe ten successor institutions into three joint stock companies:Norddeutsche Bank AG, Rheinisch-Westflische Bank AG undSddeutsche Bank AG.

1957Re-amalgamation of the three successor banks to formDeutsche Bank AG, a joint stock corporation with its registered

oce in Frankfurt am Main.

1959Deutsche Bank enters retail banking by introducing smallpersonal loans.

1989Acquisition of Morgan Grenfell Group; with this step, DeutscheBank strengthens its position in the international securities businessand expands its presence on the important London capital market.

1999Acquisition and integration of Bankers Trust in the U.S.A.;Deutsche Bank starts expansion in Middle East and opens arepresentative oce in Abu Dhabi (U.A.E.).

2006Complete acquisition of the Russian investment bank UnitedFinancial Group (UFG) and acquisition of the German norisbank.

2007Deutsche Bank closes the acquisition of Berliner Bank.

2010Takeover of Postbank and Sal. Oppenheim in Germany aswell as parts of ABN AMRO in the Netherlands.


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A Prole in Figures

Dates and gures as of December 31, 2012

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The Group at a glance 2012 2011Share price at period end 32.95 29.44

Share price high 39.51 48.70

Share price low 22.11 20.79

Basic earnings per share 0.25 4.45

Diluted earnings per share 0.25 4.30

Average shares outstanding, in m., basic 934 928

Average shares outstanding, in m., diluted 960 957

Return on average shareholders' equity (post-tax) 0.4 % 8.2 %Pre-tax return on average shareholders' equity 1.3 % 10.2 %

Pre-tax return on average active equity1 1.3 % 10.3 %

Book value per basic share outstanding 57.37 58.11

Cost / income ratio 92.6 % 78.2 %

Compensation ratio 40.1 % 39.5 %

Noncompensation ratio 52.5 % 38.7 %

in m. 2012 2011Total net revenues 33,741 33,228

Provision for credit losses 1,721 1,839

Total noninterest expenses 31,236 25,999

Income before income taxes 784 5,390

Net income 291 4,326

in bn. Dec 31, 2012 Dec 31, 2011

Total assets 2,012 2,164

Shareholders equity 54.0 53.4

Core Tier 1 capital ratio 11.4 % 9.5 %

Tier 1 capital ratio 15.1 % 12.9 %

Number Dec 31, 2012 Dec 31, 2011

Branches 2,984 3,078

thereof in Germany 1,944 2,039

Employees (full-time equivalent) 98,219 100,996

thereof in Germany 46,308 47,323

Long-term rating Dec 31, 2012 Dec 31, 2011

Moodys Investors Service A2 Aa3

Standard & Poors A+ A+

Fitch Ratings A+ A+


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We aspire to be the leading client-centricglobal universal bank

We serve shareholders best by putting our clients rstand by building a global network of balanced businessesunderpinned by strong capital and liquidity.

We value our German roots and remain dedicated toour global presence.

We commit to a culture that aligns risks and rewards,attracts and develops talented individuals, fostersteamwork and partnership and is sensitive to thesociety in which we operate.

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Further information on the internet:https://www.db.com003 72020 02 5 /13

Deutche Bank Doc 1- Deutsche Bank at a Glance

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