Deutsche Bank - Letters from the Chairman

Letters from the Chairman

September 30, 2009

In the third quarter 2009, we saw further signs of stabilization returning to the world’s financial markets. Equity markets continued to rally; liquidity continued to return, in an atmosphere of lower volatility, and corporations and institutions around the world continued to return to the capital markets for both debt and equity funding. Nevertheless, challenges remain in the wider economy. Unemployment remains high, and continues to climb in some countries and industries. Consumer spending is subdued in a difficult credit environment. In North America, the housing market is still weak. In important emerging economies, economic momentum has returned, but in some important developed economies, the pace of recovery remains fragile. In addition, the main lines of the post-crisis regulatory framework for the banking industry are becoming clearer, particularly since the G-20 summit meeting of world leaders in Pittsburgh in September.

In this quarter, we again delivered a solid profit, whilst maintaining strict balance sheet discipline and further bolstering our capital strength; in addition, we took important steps in expanding our platform; and we defined the broad lines of the next phase of our strategy. [more]

Dates

Letters from the Chairman

June 30, 2009

“...In the second quarter of 2009, financial markets rallied around the world. The banking sector showed further signs of stability, with interbank lending continuing to improve, and on global capital markets, volumes of customer activity were healthy and volatility subsided....” [more]

March 31, 2009

“...In the first quarter of 2009, we saw some signs of stabilization in the world’s financial markets. Compared with the extremely turbulent conditions of the final months of 2008, global capital markets were less volatile, and liquidity returned in some areas....” [more]

IR Releases on Financial Results 2009

IR Releases on Financial Results 2008