September 11, 2012

Deutsche Bank announces strategic and financial aspirations for 2015 and beyond

Sets course to become the leading client-centric global universal bank

Strengthening the business model in a changed environment

  • Affirms long-standing commitment to universal banking model
  • Creates fourth business pillar: an integrated Asset & Wealth Management division that includes former CB&S businesses such as ETFs
  • Underlines importance of Germany and sustains regional growth focus in Asia Pacific and the Americas
  • Positions itself at the forefront of cultural change in the industry, increasing time horizon for deferred bonus payouts for senior management
    and appointing an independent external panel to review compensation
  • Reaffirms organic capital growth plan and aims to achieve best-in-class operational excellence
  • Accelerates deleveraging by creating Non-Core Operations unit moving approximately EUR 125bn of assets which carry high levels of RWA equivalents under Basel 3 of approximately EUR 135bn (as per June 2012)

Setting financial aspirations

  • To increase IBIT for PBC to approximately EUR 3 billion, to lower cost-income ratio for CB&S to below 65%, and to more than double IBIT from 2011 levels for AWM and GTB, all by 2015 and taking into account the separation of the Non-Core Operations unit
  • To achieve fully loaded Basel 3 Core Tier 1 capital ratio of at least 8% as of March 31, 2013, and more than 10% as of March 31, 2015
  • To improve cost-income ratio to less than 65% at a one-off cost of EUR 4 billion to achieve savings of EUR 4.5 billion a year by 2015
  • To reach post-tax return on average active equity of 12% or more by 2015

 

Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt am Main
Germany
ISIN: DE0005140008
WKN: 514000

Listed: Regulated market in Berlin-Bremen, Duesseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich und Stuttgart; EUREX; NYSE

The International Securities Identification Numbers (ISINs) of further financial instruments issued by Deutsche Bank AG, and admitted to trading on a domestic organized market or for which such admission has been applied for, are listed in the attached PDFs.