Deutsche Bank AG — Earnings Release 2012

Jul 24, 2012

News Details

Ad-hoc | 24 July 2012 17:21

Deutsche Bank AG provides preliminary update on second quarter 2012 results: Costs impacted by currency movements

Deutsche Bank AG / Key word(s): Preliminary Results

24.07.2012 17:21

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Frankfurt am Main, 24 July 2012 - Deutsche Bank AG (XETRA: DBKGn.DE / NYSE:
DB) announced today, on a preliminary basis, key elements of its second
quarter 2012 financial performance.

Deutsche Bank expects total net revenues of approximately EUR 8.0 billion
for the second quarter (2Q2011: EUR 8.5 billion). Credit provisions were
approximately EUR 400 million (2Q2011: EUR 464 million). Noninterest
expenses were EUR 6.6 billion (2Q2011: EUR 6.3 billion). The increase in
noninterest expenses is mainly a result of the bank's U.S. dollar and pound
sterling cost base being negatively affected by the weakening of the euro.

As a result, Deutsche Bank currently anticipates an income before income
taxes for the second quarter 2012 of approximately EUR 1.0 billion (2Q2011:
EUR 1.8 billion), and a net income of approximately EUR 700 million
(2Q2011: EUR 1.2 billion).

The Bank's Core Tier 1 capital ratio was 10.2% at the end of the second
quarter (1Q2012: 10.0%), well ahead of regulatory requirements and
demonstrating achievement of management action to reduce risk weighted
assets. Deutsche Bank confirms its simulated, pro forma, Basel III fully
phased-in Core Tier 1 capital ratio of 7.2% at the beginning of 2013, as
previously published. Lower full year net income projections will be
mitigated by additional de-risking measures.

Deutsche Bank will publish its full Interim Report on the second quarter
and discuss the results as scheduled on 31 July 2012.

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Language: English
Company: Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt a. M.
Germany
Phone: +49 (0)69 910-00
Fax: +49 (0)69 910-38966
E-mail: Deutsche.Bank@db.com
Internet: www.deutsche-bank.de
ISIN: DE0005140008
WKN: 514000
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; NYSE

End of Announcement DGAP News-Service

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