Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 7

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 7
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 investments and alliances – Other factors, including those the bank refers to in “Item 3: Key Information – Risk Factors” and elsewhere in this document and others to which the bank does not refer

| 6 |

| Deutsche Bank                   |
| Annual Report 2024 on Form 20-F |

Use of Non-GAAP financial measures This document and other documents Deutsche Bank has published or may publish contain Non-GAAP financial measures. Non-GAAP financial measures are measures of the bank’s historical or future performance, financial position or cash flows that contain adjustments that exclude or include amounts that are included or excluded, as the case may be, from the most directly comparable measure calculated and presented in accordance with IFRS in the financial statements. Examples of Deutsche Bank’s Non-GAAP financial measures, and the most directly comparable IFRS financial measures, are as follows:

| Non-GAAP financial measure                                                                                                                                                                                                                                                          | Most Directly Comparable IFRS financial measure |
| Profit (loss) attributable to Deutsche Bank shareholders for the segments, Profit (loss) attributable to Deutsche Bank shareholders and additional equity components for the segments                                                                                               | Profit (loss)                                   |
| Revenues excluding specific items, Revenues on a currency-adjusted basis                                                                                                                                                                                                            | Net revenues                                    |
| Net interest income in the key banking book segments                                                                                                                                                                                                                                | Net interest income                             |
| Adjusted costs, Costs on a currency-adjusted basis, Nonoperating costs                                                                                                                                                                                                              | Noninterest expenses                            |
| Net assets (adjusted)                                                                                                                                                                                                                                                               | Total assets                                    |
| Tangible shareholders’ equity, Average tangible shareholders’ equity, Tangible book value, Average tangible book value                                                                                                                                                              | Total shareholders’ equity (book value)         |
| Post-tax return on average shareholders’ equity (based on Profit (loss) attributable to Deutsche Bank shareholders after AT1 coupon), Post-tax return on average tangible shareholders’ equity (based on Profit (loss) attributable to Deutsche Bank shareholders after AT1 coupon) | Post-tax return on total shareholders’ equity   |
| Book value per basic share outstanding, Tangible book value per basic share outstanding                                                                                                                                                                                             | Book value per share outstanding                |

For descriptions of these Non-GAAP financial measures and the adjustments made to the most directly comparable financial measures under IFRS, please refer to “Supplementary Information (Unaudited): Non-GAAP financial measures”, which is included herein. When used with respect to future periods, Non-GAAP financial measures used by Deutsche Bank are also forward-looking statements. The bank cannot predict or