Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 468

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 468
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 (in € bn)1                                        |     |    10 |     |    10 |     |     9 |     |                                 0 |     |        4 |     |                                 0 |     |        3 |
| Assets under Management (in € bn)1,4                                |     | 1,012 |     |   896 |     |   821 |     |                               115 |     |       13 |     |                                75 |     |        9 |
| Net flows (in € bn)                                                 |     |    26 |     |    28 |     |   -20 |     |                                -3 |     |       -9 |     |                                48 |     |      N/M |
| Cost/income ratio5                                                  |     | 68.8% |     | 76.6% |     | 70.9% |     |                               N/M |     | (7.8)ppt |     |                               N/M |     |   5.6ppt |
| Post-tax return on average shareholders' equity6,7                  |     |  8.0% |     |  5.1% |     |  7.3% |     |                               N/M |     |   2.9ppt |     |                               N/M |     | (2.2)ppt |
| Post-tax return on average tangible shareholders’ equity6,7         |     | 18.0% |     | 12.0% |     | 17.0% |     |                               N/M |     |   6.1ppt |     |                               N/M |     | (5.1)ppt |

N/M – Not meaningful

Prior year’s comparatives aligned to presentation in the current year

1 As of year-end

2 Segment assets are presented on a consolidated basis, i.e., the amounts do not include intersegment balances

3 Starting from the first quarter of 2024, the allocation of operational risk RWA has changed. For more information, please refer to section “Note 4 - Business segments and related information” of this report

4 Assets under Management (AuM) means assets (a) the segment manages on a discretionary or non-discretionary advisory basis; including where it is the management company and portfolio management is outsourced to a third party; and (b) a third party holds or manages and on which the segment