Deutsche Bank

Deutsche Bank at a Glance

Facts and Figures

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and protable private clients franchise. Its businesses are mutually reinforcing. The bank competes to be the leading global provider of nancial solutions, creating lasting value for its clients, its shareholders, its people and the communities in which the bank operates. Against a backdrop of increasing globalization in the world economy, Deutsche Bank is very well-positioned, with a presence in over 70 countries, signicant regional diversication and substantial revenue streams from all the major regions of the world. The bank has established strong bases in all major emerging markets, and therefore has good prospects for business growth in fast-growing economies, including the Asia-Pacic region, Central and Eastern Europe, and Latin America. In its home market, Germany, Deutsche Bank is the undisputed number one, and it has a leading market position in Europe, which is indispensible for the banks global success.
Global Presence

New York

Frankfurt am Main London

Dubai

Singapore Tokyo

Regional major hub Capital of country in which we are represented.

Group Divisions
Deutsche Bank is organized into the Group Divisions Corporate and Investment Bank (CIB), Private Clients and Asset Management (PCAM) and Corporate Investments (CI). Deutsche Banks core businesses are: Private & Business Clients provides a full range of traditional banking products, including current accounts, deposits and loans, and investment management products mainly to private individuals and small to medium-sized businesses. Outside Germany, Private & Business Clients has for some years operated in Italy, Spain, Belgium and Portugal, and more recently in Poland. The business is also making focused investments in fast-growing Asian markets, such as China and India.

Private Wealth Management serves wealthy individuals, their families and select institutions worldwide with a broad range of tailored products and services. Private Wealth Management offers these very discerning clients a world-class, custom-tailored advice on matters such as inheritance and estate planning, art and philanthropy, and also provides solutions for family ofces and nancial intermediaries.

Asset Management comprises four businesses: the retail mutual funds business (DWS Investments), alternative investments (RREEF), institutional asset management (DB Advisors) and asset management for insurance companies (Deutsche Insurance Asset Management). Global Markets undertakes the sales, trading and structuring of a wide range of nancial market products, including bonds, equities and equity-linked products, exchange traded and over-the-counter derivatives, foreign exchange, money market instruments, securitised instruments, and commodities. The origination, under-writing and syndication of debt and equity securities are managed jointly by Global Markets and Corporate Finance.

Global Banking comprises Corporate Finance and Global Transaction Banking. Corporate Finance is comprised of Mergers & Acquisition Advisory, Equity Capital Markets, Leveraged Debt Capital Markets, Commercial Real Estate, Asset Finance & Leasing and corporate lending services. Global Transaction Banking delivers commercial banking products and services for corporate clients and nancial institutions. Business units include Cash Management for Corporate and Financial Institutions, Trade Finance and Trust & Securities Services.

Corporate Governance
Effective corporate governance in line with the highest international standards is an important part of Deutsche Banks identity. The system of corporate governance lays the basis for responsible and performance-oriented management and control of the bank which is geared towards sustainable value creation. It has four key elements: good relations with shareholders; effective cooperation between the Management Board and Supervisory Board; a system of performance-related compensation; and transparent and timely reporting. The essential framework for this is provided, rst and foremost, by the German Stock Corporation Act and German Corporate Governance Code, which was last amended in June 2009. Since the banks share is listed on the New York Stock Exchange, Deutsche Bank is also subject to the relevant U.S. capital market legislation as well as the rules of the Securities and Exchange Commission (SEC) and New York Stock Exchange (NYSE). Shareholders and the public are regularly kept up to date, above all, through the Annual Report including the Consolidated Financial Statements, as well as the Interim Reports. Deutsche Bank Groups reporting is in accordance with International Financial Reporting Standards (IFRS). This provides for a high degree of transparency and facilitates comparability with international peers. Deutsche Bank continuously reviews its corporate governance in light of new events, statutory requirements and developments in domestic and international standards, and makes the appropriate adjustments.

Shareholders
The declines in value sustained by Deutsche Bank shareholders in the immediate aftermath of the crisis have been signicantly recouped thanks to a strong recovery in protability and share price 2009. The bank is consolidating the competitive advantage gained over its competitors by continuing to focus on cost-efciency and by concentrating on products that are aligned to the needs of the customers. In 2009, the number of shareholders increased slightly; by the end of the year the bank had roughly 586.000 shareholders. Institutional investors held 74% of the capital; 26% of the share capital were held by private investors. All in all, the percentage of shares held abroad rose to 54%, while the percentage of shares held in Germany accordingly fell to 46%. Deutsche Bank informs its shareholders and analysts regularly about the development of its business and strategy primarily through a toll-free shareholder hotline and the Internet. Interested parties can obtain comprehensive up-to-date information about the company from the website and use the interactive tools, for example, to analyze the share price. Additional information is available in analyst meetings and regular conference calls, live broadcasts through the internet and internet chats.
Long-term value
1,900 1,600 1,300 1,000 700 400 100

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Total Return Index, beginning of 1980 =100, quarterly figures Deutsche Bank DAX Source: Datastream

The volume of trading in Deutsche Banks share on Xetra rose in 2009 by just over 60 billion to 191 billion, the highest of any DAX company for the rst time ever. The share price rose by 78% to 49.42; only one other DAX company performed better. Thanks, in particular, to the much higher year-end closing price of the Deutsche Bank share, the market capitalization almost doubled to 30.7 billion at the end of 2009 (2008: 15.9 billion). The weighting of Deutsche Banks share in the DAX increased from 3.6% in the previous year to 5.8% in 2009. Although equity markets picked up again in 2009, the severe share price decline of the previous year continued to impact the long-term total shareholder return. An investor who bought Deutsche Bank shares for the equivalent of 10,000 at the start of 1980, reinvested dividends and subscribed to capital increases without injecting additional funds would have held a portfolio worth 90,208 at the end of 2009. This corresponds to an average annual return of 7.6%.

Useful information on the Deutsche Bank share 2009

Change in total return1 Share in equities trading (Xetra) Average daily trading volume 2 Share price high Share price low Dividend per share (proposed for 2009) 79.4 % 5.8 % 7.6 million shares 58.29 15.38 0.75

As of December 31, 2009

Issued shares Outstanding shares Share capital Market capitalization Share price 3 Weighting in the DAX Weighting in the Dow Jones STOXX 50
1 2 3

620,859,015 620,175,320 1,589,399,078.40 30.68 billion 49.42 5.8 % 1.2 %

Share price based on Xetra Orderbook statistics (Xetra) Xetra closing price

Clients
In a difcult environment, Deutsche Bank acts as a reliable partner to its customers, and the bank has proved its ability to provide constructive solutions which are tailored to their individual nancial position. More than ever, the bank seeks personal dialogue with its customers and recognises their desire for transparent banking products that are easy to understand. Trust, expert advice and the ability not only to understand its customers needs but also to meet them with rst-class solutions benets both parties: Deutsche Banks customers success is the essential basis of the banks own success. Deutsche Bank offers its clients a broad range of rst-class banking services. It provides private clients as well as small to medium-sized businesses with an all-round service extending from account-keeping and cash and securities investment advisory to asset management. The bank offers corporate and institutional clients the full product assortment of an international corporate and investment bank from payments processing and corporate nance to IPOs and M&A advisory. In addition, the bank has a leading position in international foreign exchange, xedincome and equities trading.
Number of clients (rounded) 2009 2008 2007
Corporate and Investment Bank 55,100 53,100 56,900 Private Clients and Asset Management Private & Business Clients 14,600,000 14,600,000 13,800,000 Asset and Wealth Management Retail Asset Management 1 (Germany/Luxembourg) 4,150,000 3,410,000 2,926,000 Institutional Asset Management 2,300 2,300 2,400 Private Wealth Management 2 78,000 3 92,000 92,000
1 2 3

Number of accounts Number of relationships excluding Private Client Services (U.S.A.) Decline due to change in counting

Staff
As of the end of 2009, Deutsche Bank employed more than 77,000 people and operated in 72 countries out of approximately 2,000 branches worldwide. As an employer of people from 139 nations, it is essential for the bank to provide a bias-free, stimulating and inclusive working environment.
Regional distribution of employees Total staff: 77,0531
Germany 35.5% Europe (excluding Germany), Middle East and Africa 28.6%

Asia/Pacific 21.4% Americas 14.5%

1

Full-time equivalent (as of December 31, 2009)

If Deutsche Bank has emerged stronger from the crisis, it is rst and foremost thanks to its highly competent staff, with their skill, their commitment and their performance culture. The diversity of its staff helps the bank to understand better and faster not only its diverse customer base, but also the risks and trends of the globalized world. The bank sees diversity as an integral part of its corporate culture and a commercial imperative. Its guiding principle is performance, irrespective of nationality, religion race, sexual orientation, gender, age or ethnic origin. Deutsche Bank offers its staff an attractive and motivational working environment. In addition to performance-linked compensation, the bank provides numerous benets, from medical check-ups, advice on personal issues, to support in caring for children or family members. The bank seeks to foster a balance between career and family for example through exible working hours.

Society
Deutsche Bank regards Corporate Social Responsibility as an investment in society and in its own future. Its goal as a responsible corporate citizen is to create social capital. The bank leverages its core competencies in ve areas of activity: Sustainability: An integral part of all Deutsche Bank activities in the core business and beyond is being responsible to the shareholders, clients, employees, society and the environment. Corporate Volunteering: A growing number of employees are committed to civic leadership and responsibility with the support and encouragement of Deutsche Bank. In 2009, 14% of the banks employees around the globe contributed more than 30,000 days as corporate volunteers in various projects. Social Investments: The bank creates opportunities for people and communities and helps them overcome unemployment and poverty, and shape their own futures. Art & Music: Deutsche Bank believes that creativity and inspiration open minds to innovative solutions. That is why the bank supports young aspiring artists as well as art and music. Education: The bank enables talent across all disciplines as one of the most important sources of growth and progress.
Global investments by area of activity
In 2009 total of 81.1 m. 39 % 29 % Social Investments Education

27 % 5%

Art & Music Corporate Volunteering

With a total investment of more than 80 million in 2009, Deutsche Bank was again among the worlds most active corporate citizens.
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Milestones
1870 Deutsche Bank is founded in Berlin its purpose: to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries, and overseas markets. 1871/72 First branches in Bremen and Hamburg, followed by more branches in, for example, Frankfurt am Main, Munich, Leipzig and Dresden. 1873 Opening of the rst European foreign branch in London. from 1880 Deutsche Bank begins to supply industry with loans and capital market products. Foreign investments in North and South America, Eastern Asia, and Turkey. from 1914 As a result of the acquisition of several regional banks, Deutsche Bank establishes a branch network all over Germany. 1929 The biggest ever merger in German banking history creates the Deutsche Bank und Disconto-Gesellschaft. 1937 The company name is changed back to Deutsche Bank. 1945 Closure of Deutsche Banks Berlin Head Ofce and of all branches in the Soviet-occupied zone. 1947/48 In the western zones of occupation, Deutsche Bank is decentralized into ten regional institutions. 1952 The so-called Big Banks Act allows the amalgamation of the ten successor institutions into three joint stock companies: Norddeutsche Bank AG, Rheinisch-Westflische Bank AG und Sddeutsche Bank AG. 1957 Re-amalgamation of the three successor banks to form Deutsche Bank AG, a joint stock corporation with its registered ofce in Frankfurt am Main. 1959 Deutsche Bank enters retail banking by introducing small personal loans. 1989 Acquisition of Morgan Grenfell Group; with this step, Deutsche Bank strengthens its position in the international securities business and expands its presence on the important London capital market. 1999 Acquisition and integration of Bankers Trust in the U.S.A.; Deutsche Bank starts expansion in Middle East and opens a branch in Abu Dhabi (U.A.E.) 2006 Complete acquisition of the Russian investment bank United Financial Group (UFG) and acquisition of the German norisbank. 2007 Deutsche Bank closes the acquisition of Berliner Bank. 2010 Deutsche Bank closes the acquisition of Sal. Oppenheim Group.

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A Profile in Figures
2009
Basic earnings per share Diluted earnings per share Average shares outstanding, in m., basic Average shares outstanding, in m., diluted Return on average shareholders equity (post tax) Pre-tax return on average shareholders equity Pre-tax return on average active equity Book value per basic share outstanding Cost/income ratio Compensation ratio Noncompensation ratio in m. Total net revenues Provision for credit losses Total noninterest expenses Income (loss) before income taxes Net income (loss) in bn. Total assets Shareholders equity Tier 1 capital ratio Number Branches thereof in Germany Employees (full-time equivalent) thereof in Germany Long-term rating Moodys Investors Service Standard & Poors Fitch Ratings
Dates and gures as of December 31, 2009

2008
(7.61) (7.61) 504 504 (11.1) % (16.5) % (17.7) % 52.59 134.3 % 70.6 % 63.7 % 2008 13,613 1,076 18,278 (5,741) (3,896)

7.92 7.59 628 655 14.6 % 15.3 % 15.1 % 57.81 72.0 % 40.5 % 31.5 % 2009 27,952 2,630 20,120 5,202 4,958

Dec 31, 2009 Dec 31, 2008 1,501 36.6 12.6 % 2,202 30.7 10.1 %

Dec 31, 2009 Dec 31, 2008 1,964 961 77,053 27,321 1,950 961 80,456 27,942

Dec 31, 2009 Dec 31, 2008 Aa1 A+ AA Aa1 A+ AA

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Our identity We compete to be the leading global provider of nancial solutions, creating lasting value for our clients, our shareholders, our people and the communities in which we operate. Our brand Deutsche is clear: we are here to perform in business and beyond. We do this with a unique mix of passion and precision. This measured approach gives us the condence to enable agile minds to look beyond the obvious, gaining advantage for everyone we work with. Our values Performance. Trust. Teamwork. Innovation. Client Focus. Our promise Excellence. Relevant Client Solutions. Responsibility.

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Further information On the internet: www.db.com 003 72020 02 4/10