Financial Data Supplement Q4 2021

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Financial Data Supplement Q4 2021

27 January 2022

Q4 2021 Financial Data Supplement

Due to rounding, numbers presented throughout this document may not sum

Deutsche Bank consolidated

precisely to the totals we provide and percentages may not precisely reflect the

Summary

2

absolute figures.

Consolidated Statement of Income

3

All segment figures reflect the segment composition as of the fourth quarter 2021.

Consolidated Balance Sheet - Assets

4

The figures in this document are preliminary and unaudited. Our Annual Report 2021

Consolidated Balance Sheet - Liabilities and total equity

5

and SEC Form 20-F are scheduled to be published on 11 March 2022.

Net revenues - Segment view

6

EU carve-out

Segment detail

Results are prepared in accordance with International Financial Reporting Standards

Corporate Bank

7

(IFRS) as issued by the International Accounting Standards Board ("IASB") and

Investment Bank

8

endorsed by the European Union ("EU"), including, from 2020, application of portfolio fair value hedge accounting for non-maturing deposits and fixed rate mortgages with

Private Bank

9

pre-payment options (the "EU carve-out"). Fair value hedge accounting under the EU

Asset Management

10

carve-out is employed to minimize the accounting exposure to both positive and

Corporate & Other

11

negative moves in interest rates in each tenor bucket thereby reducing the volatility of reported revenue from Treasury activities.

Core Bank

12

Capital Release Unit

13

For the three-month period ended December 31, 2021, application of the EU carve-

out had a positive impact of 148 million on profit before taxes and of 102 million

on profit. For the same time period in 2020 the application of the EU carve-out had a

Risk and capital

negative impact of 48 million on profit before taxes and of 26 million on profit. For

Asset Quality

14

the full-year 2021, application of the EU carve-out had a negative impact of 128

million on profit before taxes and of 85 million on profit. For the same time period in

Regulatory capital

15

2020 the application of the EU carve-out had a positive impact of 18 million on

profit before taxes and of 12 million on profit. The Group's regulatory capital and

Leverage ratio

16

ratios thereof are also reported on the basis of the EU carve-out version of IAS 39.

For the full-year 2021, application of the EU carve-out had a negative impact on the

CET1 capital ratio of about 2 basis points and a positive impact of about 1 basis point

Non-GAAP financial measures

17

for the full-year, 2020. In any given period, the net effect of the EU carve-out can be

positive or negative, depending on the fair market value changes in the positions

being hedged and the hedging instruments.

Definition of certain financial measures and other information

26

To reflect reporting obligations in Germany and the US, DB has prepared separate

sets of interim financial information since the first quarter 2020 (i.e. locally: based on

Footnotes

30

IFRS as endorsed by the EU; US: based on IFRS as issued by the IASB).

This Financial Data Supplement is presented under IFRS as endorsed by the EU. The Bank is filing its Interim and Annual Reports under IFRS as adopted by the IASB with the US SEC ().

_________________________________________________________________________________________________________________________________________

Deutsche Bank

Q4 2021 Financial Data Supplement

1

Summary

Group financial targets Post-tax return on average tangible shareholders' equity1,2,3 Cost/income ratio1 Common Equity Tier 1 capital ratio1,6,21,22 Leverage ratio (fully loaded)1,7,22

Key financial metrics

Statement of income Total net revenues, in bn. Provision for credit losses, in bn. Noninterest expenses, in bn. Adjusted costs ex. transformation charges, in bn.4,5 Profit (loss) before tax, in bn. Profit (loss), in bn. Profit (loss) attributable to Deutsche Bank shareholders, in bn.

Balance sheet Total assets, in bn.6 Net assets (adjusted), in bn.1,6 Loans (gross of allowance for loan losses), in bn.6 Average loans (gross of allowance for loan losses), in bn.6 Deposits, in bn.6 Allowance for loan losses, in bn.6 Shareholders' equity, in bn.6

Resources Risk-weighted assets, in bn.6

of which Operational risk RWA, in bn.6 Leverage exposure, in bn.6,7 Tangible shareholders' equity (Tangible book value), in bn. High-quality liquid assets (HQLA), in bn. Liquidity reserves, in bn. Employees (full-time equivalent)6 Branches6

Ratios Post-tax return on average shareholders' equity1,3 Provision for credit losses (bps of average loans) Loan-to-deposit ratio Leverage ratio (phase-in)1,22 Liquidity coverage ratio

Per share information Basic earnings per share9 Diluted earnings per share1,9 Book value per basic share outstanding1 Tangible book value per basic share outstanding1

FY 2019

(10.9) % 108.2 %

13.6 % 4.2 %

Q1 2020

(0.3) % 88.8 % 12.8 %

4.0 %

Q2 2020

(0.6) % 85.4 % 13.3 %

4.2 %

Q3 2020

1.5 % 87.3 % 13.3 %

4.4 %

Q4 2020

0.4 % 92.2 % 13.6 %

4.7 %

FY 2020

0.2 % 88.3 % 13.6 %

4.7 %

Q1 2021

7.4 % 77.1 % 13.7 %

4.6 %

Q2 2021

5.5 % 80.1 % 13.2 %

4.8 %

Q3 2021

1.5 % 88.9 % 13.0 %

4.8 %

Q4 2021

1.1 % 94.3 % 13.2 %

4.9 %

FY 2021

Q4 2021 vs. Q4 2020

Q4 2021 vs. Q3 2021

FY 2021 vs. FY 2020

3.8 % 84.6 % 13.2 %

4.9 %

0.7 ppt 2.1 ppt (0.4)ppt 0.2 ppt

(0.4)ppt 5.4 ppt 0.2 ppt 0.2 ppt

3.6 ppt (3.7)ppt (0.4)ppt 0.2 ppt

23.2 0.7

25.1 21.6 (2.6) (5.3) (5.7)

1,298 946 434 420 572 4.0 56

324 73

1,168 50

189 222 87,597 1,931

(9.5) % 17

75.8 % 4.3 % 141%

(2.71) (2.71) 26.37 23.41

6.4 0.5 5.6 5.5 0.2 0.1 (0.0)

1,491 994 459 440 567 4.3 56

341 72

1,248 50

173 205 86,667 1,921

(0.3) % 46

80.9 % 4.1 % 133%

0.02 0.02 26.19 23.27

6.3 0.8 5.4 4.9 0.2 0.1 (0.1)

1,407 986 442 452 573 4.9 55

331 71

1,192 49

208 232 86,824 1,920

(0.6) % 67

77.1 % 4.3 % 144%

(0.15) (0.15) 26.22 23.31

5.9 0.3 5.2 4.8 0.5 0.3 0.2

1,388 995 433 434 575 4.8 55

325 70

1,101 49

224 253 86,984 1,915

1.3 % 25

75.3 % 4.5 % 151%

0.13 0.13 26.07 23.21

5.5 0.3 5.0 4.7 0.2 0.2 0.1

1,325 963 432 431 568 4.8 55

329 69

1,078 49

213 243 84,659 1,891

0.4 % 23

76.0 % 4.8 % 145%

0.07 0.07 26.04 23.19

24.0 1.8

21.2 19.9

1.0 0.6 0.1

1,325 963 432 438 568 4.8 55

329 69

1,078 49

213 243 84,659 1,891

0.2 % 41

76.0 % 4.8 % 145%

0.07 0.07 26.04 23.19

7.2 0.1 5.6 5.3 1.6 1.0 0.9

1,317 987 440 433 578 4.8 56

330 66

1,105 50

220 243 84,389 1,863

6.6 % 6

76.2 % 4.7 % 146%

0.48 0.47 26.77 23.86

6.2 0.1 5.0 4.6 1.2 0.8 0.7

1,320 992 445 439 581 4.8 57

345 67

1,100 50

224 254 83,797 1,845

4.9 % 7

76.6 % 4.9 % 143%

0.21 0.20 26.97 24.06

6.0 0.1 5.4 4.7 0.6 0.3 0.2

1,326 1,002

456 449 586 4.8

57

351 65

1,105 51

217 249 84,512 1,805

1.4 % 10

77.9 % 4.9 % 137%

0.15 0.14 27.32 24.46

5.9 0.3 5.6 5.0 0.1 0.3 0.1

1,324 1,002

476 464 604 4.8

58

352 62

1,108 52

207 241 82,969 1,709

1.0 % 22

78.9 % 5.0 % 133%

0.13 0.12 27.62 24.73

25.4 0.5

21.5 19.6

3.4 2.5 1.9

1,324 1,002

476 446 604 4.8

58

352 62

1,108 52

207 241 82,969 1,709

3.4 % 12

78.9 % 5.0 % 133%

0.96 0.93 27.62 24.73

8.2 % 1.1 % 10.7 % 5.6 % (53.1)% 67.2 % 183.8 %

(0)% 4 % 10 % 8 % 6 % (1)% 6 %

7 % (10)%

3 % 6 % (3)% (1)% (2)% (10)%

0.6 ppt (1)bps 2.8 ppt 0.2 ppt (12)ppt

80 % 79 %

6 % 7 %

(2.3)% 116.6 %

3.6 % 6.2 % (85.2)% (4.0)% (25.2)%

(0)% 0 % 4 % 3 % 3 % (1)% 1 %

0 % (4)% 0 % 1 % (5)% (3)% (2)% (5)%

(0.4)ppt 11 bps 1.0 ppt 0.1 ppt (4)ppt

(14)% (14)%

1 % 1 %

5.7 % (71.2)%

1.4 % (1.6)%

N/M N/M N/M

(0)% 4 % 10 % 2 % 6 % (1)% 6 %

7 % (10)%

3 % 6 % (3)% (1)% (2)% (10)%

3.2 ppt (29)bps 2.8 ppt 0.2 ppt (12)ppt

N/M N/M

6 % 7 %

_Fo_r_fo_o_tn_o_te_s_pl_ea_s_e_re_fe_r_to_p_a_ge_3_0_. ___________________________________________________________________________________________________________________

Deutsche Bank

Q4 2021 Financial Data Supplement

2

Consolidated statement of income

(In m.) Interest and similar income Interest expense Net interest income Provision for credit losses Net interest income after provision for credit losses Commissions and fee income Net gains (losses) on financial assets/liabilities at fair value through P&L Net gains (losses) on financial assets at fair value through OCI Net gains (losses) on financial assets at amortized cost Net income (loss) from equity method investments Other income (loss) Total noninterest income Memo: Net revenues Compensation and benefits General and administrative expenses Impairment of goodwill and other intangible assets Restructuring activities Noninterest expenses Profit (loss) before tax Income tax expense (benefit) Profit (loss) Profit (loss) attributable to noncontrolling interests Profit (loss) attributable to Deutsche Bank shareholders and additional equity components

Ratios1 Net interest margin Average yield on loans Cost/income ratio Compensation ratio Noncompensation ratio

Costs Noninterest expenses Impairment of goodwill and other intangible assets Litigation charges, net Restructuring and severance Adjusted costs Transformation charges1 Adjusted costs ex. transformation charges5

FY 2019

25,208 11,458 13,749

723 13,026

9,520 193 260 3 110

(671) 9,416 23,165 11,142 12,253 1,037

644 25,076 (2,634)

2,630 (5,265)

125

(5,390)

Q1 2020

5,467 2,216 3,251

506 2,745 2,439

395 125

61 15 64 3,099 6,350 2,689 2,875

0 74 5,638 206 141 66 23

43

Q2 2020

4,490 1,401 3,089

761 2,327 2,227

702 62

172 45

(10) 3,198 6,287 2,645 2,599

0 123 5,367 158

97 61 32

28

Q3 2020

3,992 1,371 2,621

273 2,348 2,299

852 50 94 22 1

3,317 5,938 2,663 2,336

0 185 5,183 482 173 309

31

278

Q4 2020

3,857 1,292 2,565

251 2,313 2,459

516 86

(15) 38

(196) 2,888 5,453 2,475 2,449

0 103 5,027 175 (14) 189

42

147

FY 2020

17,806 6,280

11,526 1,792 9,734 9,424 2,465 323 311 120 (141)

12,503 24,028 10,471 10,259

0 485 21,216 1,021 397 624 129

495

Q1 2021

4,234 1,433 2,801

69 2,732 2,739 1,324

107 (1) 25

237 4,432 7,233 2,631 2,926

0 17 5,574 1,589 552 1,037 36

1,002

Q2 2021

3,950 1,292 2,658

75 2,584 2,574

995 22 6 40

(57) 3,580 6,238 2,551 2,361

0 86 4,998 1,165 338 828 33

795

Q3 2021

4,147 1,374 2,772

117 2,655 2,634

670 59 0 (8)

(87) 3,267 6,040 2,520 2,840

3 5 5,369 554 225 329 23

306

Q4 2021

4,268 1,345 2,923

254 2,669 2,987

55 48 (4) 42 (151) 2,976 5,900 2,715 2,693

2 154 5,564 82 (234) 315

52

263

FY 2021

16,599 5,444

11,155 515

10,640 10,934

3,045 237 1 98 (58)

14,255 25,410 10,418 10,821

5 261 21,505 3,390 880 2,510 144

2,365

Q4 2021 vs. Q4 2020 11 % 4 % 14 % 1 % 15 % 21 % (89)% (44)% (75)% 8 % (23)% 3 % 8 % 10 % 10 % N/M 49 % 11 % (53)% N/M 67 % 24 %

80 %

Q4 2021 vs. Q3 2021 3 % (2)% 5 % 117 % 1 % 13 % (92)% (18)% N/M N/M 75 % (9)% (2)% 8 % (5)% (47)% N/M 4 % (85)% N/M (4)% 126 %

(14)%

FY 2021 vs. FY 2020 (7)% (13)% (3)% (71)% 9 % 16 % 24 % (27)% (100)% (19)% (59)% 14 % 6 % (1)% 5 % N/M (46)% 1 % N/M 122 % N/M 12 %

N/M

1.4 % 3.3 % 108.2 % 48.1 % 60.1 %

25,076 1,037 473 805

22,761 1,145

21,616

1.5 % 2.9 % 88.8 % 42.3 % 46.4 %

5,638 0

14 88 5,536 84 5,452

1.4 % 2.6 % 85.4 % 42.1 % 43.3 %

5,367 0

165 185 5,018

95 4,923

1.1 % 2.5 % 87.3 % 44.8 % 42.4 %

5,183 0

20 243 4,921 104 4,816

1.1 % 2.4 % 92.2 % 45.4 % 46.8 %

5,027 0

(41) 172 4,896 207 4,689

1.3 % 2.6 % 88.3 % 43.6 % 44.7 %

21,216 0

158 688 20,370 490 19,880

1.2 % 2.4 % 77.1 % 36.4 % 40.7 %

5,574 0

78 58 5,439 116 5,322

1.2 % 2.4 % 80.1 % 40.9 % 39.2 %

4,998 0

148 123 4,727

99 4,628

1.2 % 2.4 % 88.9 % 41.7 % 47.2 %

5,369 3

85 38 5,243 583 4,660

1.2 % 2.3 % 94.3 % 46.0 % 48.3 %

5,564 2

155 251 5,155 204 4,951

1.2 % 2.3 % 84.6 % 41.0 % 43.6 %

21,505 5

466 470 20,564 1,003 19,561

0.1 ppt (0.2)ppt 2.1 ppt 0.6 ppt 1.5 ppt

11 % N/M N/M 46 % 5 % (1)% 6 %

0.0 ppt (0.1)ppt 5.4 ppt 4.3 ppt 1.1 ppt

4 % (47)% 83 % N/M (2)% (65)%

6 %

(0.1)ppt (0.3)ppt (3.7)ppt (2.6)ppt (1.1)ppt

1 % N/M 195 % (32)%

1 % 105 %

(2)%

_Fo_r_fo_o_tn_o_te_s_pl_ea_s_e_re_fe_r_to_p_a_ge_3_0_. ___________________________________________________________________________________________________________________

Deutsche Bank

Q4 2021 Financial Data Supplement

3

Consolidated balance sheet - Assets

(In m.) Assets Cash and central bank balances Interbank balances without central banks Central bank funds sold and securities purchased under resale agreements Securities borrowed

Trading assets Positive market values from derivative financial instruments Non-trading financial assets mandatory at fair value through P&L Financial assets designated at fair value through profit or loss Total financial assets at fair value through profit or loss Financial assets at fair value through OCI Equity method investments Loans at amortized cost Property and equipment Goodwill and other intangible assets Other assets Assets for current tax Deferred tax assets Total assets

Dec 31, 2019

Mar 31, 2020

Jun 30, 2020

Sep 30, 2020

Dec 31, 2020

Mar 31, 2021

Jun 30, 2021

Sep 30, 2021

Dec 31, 2021

Dec 31, 2021 vs. Dec 31, 2020

137,592 9,636

13,801 428

110,875 332,931

86,901 7

530,713 45,503 929

429,841 4,930 7,029

110,359 926

5,986 1,297,674

121,885 13,532 11,147 305

116,812 433,846

84,241 396

635,295 44,046 916

454,518 4,802 6,997

190,859 1,024 5,878

1,491,203

166,232 10,159 7,504 13

116,959 372,811

81,816 384

571,970 46,233 949

437,014 4,816 6,900

148,465 1,075 5,966

1,407,296

177,190 9,965 8,033 0

119,587 341,836

82,088 367

543,879 53,324 921

427,736 5,761 6,749

147,205 918

6,110 1,387,791

166,208 9,130 8,533 0

107,929 343,455

76,121 437

527,941 55,834 901

426,995 5,549 6,725

110,399 986

6,058 1,325,259

179,981 11,797 8,650 37

109,830 290,488

84,090 158

484,566 41,671 1,062

435,362 5,457 6,852

134,800 958

5,934 1,317,126

198,268 8,359 8,519 33

112,120 273,877

83,412 90

469,498 37,186 1,110

440,308 5,378 6,846

137,954 1,036 5,890

1,320,384

196,892 7,570 8,752 223

121,016 277,147

81,179 134

479,476 32,564 1,081

451,433 5,317 6,725

129,088 1,057 5,880

1,326,058

192,021 7,342 8,368 63

102,396 299,732

88,965 140

491,233 28,979 1,091

471,319 5,536 6,824

103,785 1,214 6,218

1,323,993

16 % (20)%

(2)% N/M (5)% (13)% 17 % (68)% (7)% (48)% 21 % 10 % (0)%

1 % (6)% 23 % 3 % (0)%

_________________________________________________________________________________________________________________________________________

Deutsche Bank

Q4 2021 Financial Data Supplement

4

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