Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 677

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 677
---
      12,095 |     |           2,344 |     |            6,655 |     | 53,780 |
| Post-tax return on averageshareholders’ equity1                              |     |        10.3 % |     |          9.3 % |     |       8.6 % |     |           7.3 % |     |              N/M |     |  8.2 % |
| Post-tax return on averagetangible shareholders’ equity1                     |     |        11.1 % |     |          9.6 % |     |       9.2 % |     |          17.0 % |     |              N/M |     |  9.1 % |

N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 Starting from the first quarter of 2024, the equity allocation framework has been updated. For more information please refer to section “Note 4 - Business segments and related information” of this report 2 Goodwill and other intangible assets related to the share of DWS that is not held by Deutsche Bank are excluded since the first quarter of 2018

| 423 |

| Deutsche Bank      |
| Annual Report 2024 |

Revenues excluding specific items Revenues excluding specific items is a performance indicator that is a Non-GAAP financial measure most directly comparable to the IFRS financial measure net revenues. Revenues excluding specific items is calculated by adjusting net revenues under IFRS for specific revenue items which generally fall outside the usual nature or scope of the business and are likely to distort an accurate assessment of the divisional operating performance. Excluded items are Debt Valuation Adjustment (DVA) and material transactions or events that are either one-off in nature or belong to a portfolio of connected transactions or events where the P&L impact is limited to a specific period of time. The Group believes that a presentation of net revenues excluding the impact of these items provides a more meaningful depiction of the revenues associated with the business.

|                                                                             |     |          2024 |     |                |     |             |     |                 |     |                  |     |                   |
| in € m.                                                                     |     | CorporateBank |     | InvestmentBank |     | PrivateBank |     | AssetManagement |     | Corporate &Other |     | Totalconsolidated |
| Revenues                                                                    |     |         7,506 |     |         10