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DBPBC (DBP): Deutsche Bank reports second quarter 2016 pre-tax profit of 408 million euros and net income of 20 million euros - raport 3

UNI - EN REPORT No3/2016

Deutsche Bank reports second quarter 2016 pre-tax profit of 408 million euros and net income of 20 million euros

Below you will find key developments within Deutsche Bank. Full second quarter report attached.

• 20% lower revenues year-on-year reflecting challenging environment and strategic decisions

o Revenues, excluding NCOU and Hua Xia Bank, down 12%

• 14% lower noninterest expenses reflect lower litigation expenses and compensation costs

• Pre-tax profit of 408 million euros, down 67%, after goodwill impairment charge of 285 million euros, restructuring and severance charges of 207 million euros, and litigation charges of 120 million euros

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• Sustained financial strength

o Fully loaded CET1 ratio improved slightly to 10.8%

o Gain of ~40 basis points to CET1 ratio from Hua Xia disposal anticipated in second half 2016

o Liquidity reserves of ~220 billion euros

o Credit and market risk at very low levels

• Significant progress on strategy implementation

o First-phase restructuring in Germany agreed, involving ~3,000 positions

o Formation of Intermediate Holding Company in US

o Further de-risking of non-core assets

o Operational separability of Postbank completed

o Sustained investment in controls and infrastructure

• All business divisions profitable

o Global Markets: rates, FX comparable with strong prior year quarter, expect to remain No 4 in debt sales and trading

o Corporate & Investment Banking: revenues in Transaction Banking stable year-on-year, No 2 in debt origination in Europe

o Private, Wealth & Commercial Clients: 2,000 new commercial banking clients in Germany, over 10,000 new clients in Private & Commercial Clients International, consumer finance growth year-on-year

o Deutsche Asset Management: substantial profitability in a high return-on-equity business

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