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Deutsche Bank’s Prime Finance and Electronic Equities platform: — Release capital and leverage — Recover operating costs — Transfer of up to 1,300 employees — Migrate 110 IT applications — Provide continuity of service to Prime Finance and Electronic Equities clients and markets —Transaction closed on 29th November 2019
- E Bank: Profit Before Tax Rises 37% to € 6.5 Billion
- Growth and Diversification of CORE Bank Earnings
- Capital Release Unit: Capital Accretion Through De-Risking and Cost Reduction
- Net Revenues: Significant Progress in ‘Stable Revenue’ Businesses in 2022
- Continued Reductions in Noninterest Expenses
- Credit Provisions Remain Contained in A More Challenging Credit Environment
- Sustained, Significant Reduction in Russia Exposure During 2022
- Capital, Leverage and Liquidity: in Line with Goals
- 2025 Goals Reaffirmed
- Sustainable Finance: Cumulative Volumes Ahead of Target
In the Core Bank, which excludes the Capital Release Unit, profit before tax was € 6.5 billion, up 37% year on year and the highest since the Core Bank’s formation in 2019. Profit growth was driven by 7% growth in net revenues to € 27.2 billion and a reduction in noninterest expenses of 3%, or 5% if adjusted for FX movements, despite an increase in...
The contribution of core businesses to Core Bank profit before tax was as follows: 1. Corporate Bank: € 2.1 billion, more than double the 2021 level of € 1.0 billion, with post-tax RoTE¹ of 12.5% and a cost/income ratio of 62% 2. Investment Bank: € 3.5 billion, down 6%, with post-tax RoTE¹ of 9.2% and a cost/income ratio of 62% 3. Private Bank: € 2...
The Capital Release Unit delivered further de-risking and cost reduction in 2022. By year-end, leverage exposure was reduced to € 22 billion, down 43% from the end of 2021 and down 91% since the creation of the Capital Release Unit in mid-2019. Risk Weighted Assets (RWA) were € 24 billion, down by 13% year on year and by 63% since the Capital Relea...
Net revenues were € 27.2 billion in 2022, up 7% year on year, and € 6.3 billion, up 7%, in the fourth quarter. In both the full year and fourth quarter of 2022, revenues were the highest since 2016, despite business perimeter reductions as part of the bank’s transformation launched in 2019. Revenue development in the core businesses was as follows:...
Noninterest expenses were € 20.4 billion, down 5% year on year. This partly reflected a significant decline in transformation charges as Deutsche Bank completed the transformation initiatives announced in 2019. This more than offset a year-on-year rise in bank levies of 38%, or approximately € 200 million. Adjusted costs ex-transformation charges a...
Provision for credit losses was € 1.2 billion in 2022, up from € 515 million in 2021. The year-on-year development reflected more challenging macro-economic conditions during most of 2022 against the backdrop of the war in Ukraine, while 2021 benefited from economic recovery following the easing of COVID-19 restrictions. Provisions were 25 basis po...
Deutsche Bank significantly reduced its Russian credit exposure during 2022. Gross loan exposure was reduced by 42% to € 806 million while net loan exposure was cut by 36% to € 379 million. Additional contingent risk was reduced by 90% to € 154 million. This comprised undrawn commitments of € 78 million, down from € 1.0 billion at the end of 2021 a...
The CET1 ratio was 13.4% at the end of the fourth quarter of 2022, up from 13.3% at the end of the third quarter. This development reflected the positive capital impact of fourth-quarter earnings, largely offset by regulatory deductions for deferred tax assets, dividends and Additional Tier 1 (AT1) coupons. A small positive impact from FX movements...
Deutsche Bank reaffirmed its financial targets and capital objectives for 2025. The bank aims for a post-tax RoTE¹ of above 10%, compound annual revenue growth of between 3.5% and 4.5% from 2021, and a cost/income ratio of below 62.5%. The bank further aims for a CET1 ratio of around 13% in 2025, reaffirms its target for a payout ratio of 50% from ...
ESG-related financing and investment volumes²in the fourth quarter were € 18 billion. This brought the cumulative total since January 1, 2020, to € 215 billion for the Deutsche Bank Group ex-DWS, up from € 157 billion at the end of 2021. This exceeds the bank’s year-end 2022 target for a cumulative total of € 200 billion, despite a challenging envi...
The Capital Release Unit segment covers the equities sales and trading business. The Corporate and Other segment includes revenues, costs, and resources that are held centrally.
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- Deutsche Bank Aktiengesellschaft
Jul 7, 2019 · Returning 5 billion euros of capital to shareholders starting in 2022, facilitated by a new Capital Release Unit (CRU) to which the bank plans initially to transfer approximately 288 billion euros, or about 20% of Deutsche Bank’s leverage exposure, and 74 billion euros of risk weighted assets (RWA) for wind-down or disposal¹.
Jun 28, 2024 · The Capital Release Unit segment covers the equities sales and trading business. The Corporate and Other segment includes revenues, costs, and resources that are held centrally.
Jun 14, 2024 · The Capital Release Unit segment covers the equities sales and trading business. The Corporate and Other segment includes revenues, costs, and resources that are held centrally.
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What is a capital release unit?
Jul 16, 2021 · • Creation of a 'Capital Release Unit' (CRU) to which the Bank initially transferred approximately EUR 288 billion of non-core assets, or about 20% of DB’s leverage exposure, and 74 billion euros of risk weighted assets (RWA) for wind -down or disposal.
