Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 220

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 220
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                                                  |     | 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 provides, on the basis of contract, advice of an ongoing nature including regular or periodic assessment, monitoring and/or review. AuM represent both collective investments (including mutual funds and exchange-traded funds) and separate client mandates. AuM are measured at current market value based on the local regulatory rules for asset managers at each reporting date, which might differ from the fair value rules applicable under IFRS. Measurable levels are available daily for most retail products but may only update monthly, quarterly or even yearly for some products. While AuM do not include the segment’s investments accounted for under equity method, they do include seed capital and any committed capital on which the segment earns management fees. In instances in which Private Bank distributes investment products qualifying as Assets under Management which are managed by DWS, these assets are reported as Assets under