Deutsche Bank –
Selected financial and non-financial figures

The Group at a glance

2014

2013

2012

1

To reflect the capital increase 2014, the historical share prices until and including June 5, 2014 (last trading day cum rights) have been adjusted with retroactive effect by multiplication with the correcting factor of 0.9538 (R-Factor).

2

All periods have been adjusted in order to reflect the effect of the bonus component of subscription rights issued in June 2014 in connection with the capital increase.

3

Total noninterest expenses as a percentage of total net interest income before provision for credit losses plus noninterest income.

4

Compensation and benefits as a percentage of total net interest income before provision for credit losses plus noninterest income.

5

Noncompensation noninterest expenses, which are defined as total noninterest expenses less compensation and benefits, as a percentage of total net interest income before provision for credit losses plus noninterest income.

6

Figures presented for 2014 are based on the transitional rules (“CRR/CRD 4”) and the full application (“CRR/CRD 4 fully loaded”) of the CRR/CRD 4 framework. Figures presented for 2013 are based on “Basel 2.5”. The capital ratios relate the respective capital to risk-weighted assets. Until 2013 transitional items pursuant to the former Section 64h (3) of the German Banking Act are excluded.

Share price at period end1

€ 24.99

€ 33.07

€ 32.95

Share price high1

€ 38.15

€ 36.94

€ 39.51

Share price low1

€ 22.66

€ 28.05

€ 22.11

Basic earnings per share2

€ 1.34

€ 0.64

€ 0.28

Diluted earnings per share2

€ 1.31

€ 0.62

€ 0.27

Average shares outstanding, in m., basic2

1,242

1,045

934

Average shares outstanding, in m., diluted2

1,269

1,073

960

Book value per share outstanding

€ 49.32

€ 50.802

€ 57.37

Tangible book value per share outstanding

€ 38.53

€ 37.872

€ 42.26

Pre-tax return on average shareholders’ equity

5.0 %

2.6 %

1.3 %

Pre-tax return on average active equity

5.1 %

2.6 %

1.4 %

Post-tax return on average shareholders’ equity

2.7 %

1.2 %

0.5 %

Post-tax return on average active equity

2.7 %

1.2 %

0.5 %

Cost/income ratio3

86.7 %

89.0 %

92.5 %

Compensation ratio4

39.2 %

38.6 %

40.0 %

Noncompensation ratio5

47.5 %

50.3 %

52.5 %

 

 

 

 

In € m.

 

 

 

Total net revenues

31,949

31,915

33,736

Provision for credit losses

1,134

2,065

1,721

Total noninterest expenses

27,699

28,394

31,201

Income before income taxes

3,116

1,456

814

Net income

1,691

681

316

 

 

 

 

 

Dec 31, 2014

Dec 31, 2013

Dec 31, 2012

Total assets in € bn.

1,718

1,611

2,022

Total Shareholders’ equity in € bn.

68.4

54.7

54.0

Common equity Tier 1 capital ratio6

11.7 %

12.8 %

11.4 %

Tier 1 capital ratio6

15.2 %

16.9 %

15.1 %

 

 

 

 

Long-term ratings

 

 

 

Moody’s Investors Service

A3

A2

A2

Standard & Poor’s

A

A

A+

Fitch Ratings

A+

A+

A+

 

 

 

 

Sustainability ratings

 

 

 

Carbon Disclosure Index (on a band from A to E)

92/Band B

91/Band A

90/Band A

OEKOM research (on a scale from A+ to D–)

C/Prime

C/Prime

C/Prime

RobecoSAM (on a scale from 0 to 100)

70

78

72

Sustainalytics (on a scale from 0 to 100)

62

61

59

The calculation of the regulatory capital numbers and ratios presented in this report includes the proposal of the Management Board to the Supervisory Board and Annual General Meeting of a dividend payment of €0.75 per share.

Our Controls

2014

2013

2012

1

Excluding legal entities outside of DB Corporate Title system: primarily Postbank, Sal Oppenheim, BHF (sold in 2014) and DB Investment Services.

2

Visitors at the Deutsche Guggenheim, Berlin.

3

Representative global B2B survey in 16 countries; top 2 ratings on a 5-point scale.

Employees with completed compliance training

97 %

97 %

87 %

Number of transactions reviewed within the ES Risk Framework

1,250

721

406

Number of transactions escalated to regional/divisional or Group Reputational Risk Committee

183

106

102

thereof due to environmental and social criteria

15

7

16

Our Business

Dec 31, 2014

Dec 31, 2013

Dec 31, 2012

Assets under management integrating environmental, social, and governance factors in € bn.

5.4

5.07

3.72

Estimated cumulative financing to micro-borrowers since 1997 in US $ bn.

1.75

1.67

1.49

Cumulative number of microloans financed since 1997 in m.

3.9

3.8

3.2

All KfW environmental programs, including energy-efficient construction and renovation in € m.

304.1

347.6

348.5

Volume of infrastructure and energy asset financing in € bn.

4.2

2.7

1.9

Our People and Society

 

 

 

Number of branches

2,814

2,907

2,984

thereof in Germany

1,845

1,924

1,944

Employees (full-time equivalent)

98,138

98,254

98,219

thereof in Germany

45,392

46,377

46,308

Gender diversity1

 

 

 

Female staff in total

41.7 %

41.7 %

41.7 %

Female staff (Officers)

31.7 %

31.1 %

30.8 %

Female Managing Directors and Directors

19.4 %

18.7 %

18.0 %

Female members on Supervisory Board

35 %

35 %

40 %

Female members in Group Executive Committee

2

0

0

Female members on Management Board

0

0

0

Training expenses in € m.

82

86

109

Hired global graduates

577

501

653

Share of female hired graduates

34.3 %

33.7 %

35.5 %

Voluntary staff turnover rate

6.6 %

6.4 %

6.2 %

Employees participating in the Bank’s volunteer programs in % of total staff (excluding Postbank)

21 %

25 %

24 %

Total employee donations and matching by Deutsche Bank in € m.

12.5

9.9

11.4

Corporate citizenship

 

 

 

Total investments in € m.

80.5

78.2

82.7

Participants in education/Born to Be projects

1,168,913

411,121

1,322,026

Beneficiaries of social projects

1,593,177

439,635

710,898

People reached with Deutsche Bank’s art and music programs

3,085,852

1,211,495

n/a

Visitors at Deutsche Bank KunstHalle, Berlin

83,454

125,000

153,7022

Participants in the Education Program of the Berliner Philharmoniker

4,568

4,222

6,235

External perception of Deutsche Bank as a responsible corporate citizen (global B2B market3)

64 %

51 %

49 %

Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Environmental data

 

2014

2013

2012

1

All data reported as 2014 is from October 1, 2013 to September 30, 2014.

2

The GHG reporting boundary is defi ned according to GHG Protocol’s operational control approach and includes businesses and sites where Deutsche Bank staff hold executive positions in the company, and Deutsche Bank’s operational policies are implemented. Where data center operations are outsourced, emissions from hardware owned by Deutsche Bank within a facility are within scope. Scope 1 GHG emissions are combustion of fossils fuels, owned and leased vehicles, and refrigerant leakage from cooling equipment; Scope 2 are delivered energy, e.g. electricity, district heating; Scope 3 are from purchasing goods or services where emissions sources are controlled by others, e.g. air travel. In previous years emissions from liquid fossil fuels contained estimated Scope 1 emissions from heating. This is now allocated to natural gas usage.

3

Total emissions are based on actual, estimated, or extrapolated data. All assumptions and calculation methodologies are in line with the ISO 14064 Standard Guidelines with supporting documentation. The most appropriate emission factors have been used for each activity data type, from internationally recognized sources, e.g. DEFRA (2014), GHG Protocol and IEA (2013), or if unavailable, from country specifi c sources, or manufacturers specifi cations where applicable.

4

Germany emissions cover Deutsche Bank and Postbank operations. Postbank emissions Scope 1: 15,747 t CO2e; Scope 2: 68,180 t CO2e; Scope 3: 1,100 t CO2e.

5

The net GHG emissions include renewable electricity with zero emissions factor from the purchase of renewable electricity in Australia, Austria, Belgium, Canada, Germany, Italy, the Netherlands, Spain, Switzerland, the UK and the US and exclude VERs.

6

For 2014, carbon neutrality was accomplished by the purchase and retirement of verifi ed emissions reduction units.

7

Calculated electricity and heating intensities are used to extrapolate electricity and heating demand where data is not available. For electricity, where these are more than 20 % higher or lower than comparable industry benchmarks (and for heating 20 % higher or 80 % lower), the benchmark fi gure (from CIBSE) is used. Calculated intensities from refrigerant gas loss are also used to extrapolate where data is not available.

8

Total energy consumption in gigawatt hours comprises all sources used in Scope 1 and 2: natural gas, liquid fossil fuels (mobile and stationary), renewable and grid electricity, district heating, cooling, and steam.

Greenhouse gas (GHG) emissions1

Variance from previous year in %

 

 

 

In t of CO2e (unless stated differently)

 

 

 

Total gross GHG emissions2,3

–5 %

540,626

568,211

574,867

Emissions from energy use

–4 %

434,362

452,377

457,853

Emissions from business travel

–8 %

98,774

106,366

107,208

Scope 1, direct GHG emissions4

–10 %

60,876

67,104

67,617

From natural gas consumption

–9 %

30,400

33,240

29,984

From liquid fossil fuels

–66 %

1,650

2,745

3,105

From HFCs

–26 %

7,489

9,469

9,806

From owned/leased vehicles

–1 %

21,336

21,651

24,721

Scope 2, indirect GHG emissions4

–3 %

402,312

416,392

424,764

From electricity consumption

–3 %

352,308

364,514

372,568

From steam, district heating and cooling

–4 %

50,004

51,879

52,196

Scope 3, other indirect GHG emissions4

–9 %

77,439

84,715

82,486

From air travel

–10 %

72,856

80,904

79,042

From rented vehicles and taxis

17 %

3,146

2,681

2,396

From rail travel

27 %

1,437

1,131

1,048

Emissions reductions

 

 

 

 

Net GHG emissions5

–2 %

297,303

304,682

346,983

Off set of net GHG emissions by retirement of high-quality carbon certificates6

0 %

100 %

100 %

100 %

Net GHG emissions (incl. renewables, excluding carbon credits)/rentable area per sqm

–9 %

0.07

0.08

0.09

Net GHG emissions (incl. renewables, excluding carbon credits) per FTE

2 %

3.04

2.97

3.40

Total energy consumption in GJ7

–5 %

3,989,714

4,190,719

4,197,030

Total energy consumption in GWh8

–5 %

1,108

1,164

1,166

Energy consumption

–3 %

737

762

779

Energy from primary fuel sources (oil, gas, etc.)

–10 %

156

174

159

Delivered heat and cooling

–5 %

215

228

228

Electricity from renewables

–6 %

565

602

524

Space-normalized energy consumption in kWh per sqm

–12 %

261

293

310

FTE-normalized energy consumption in kWh per FTE

0 %

11,344

11,359

11,414

ERM Certification and Verification Services (ERM CVS) was engaged to provide assurance in relation to specific environmental data. The table above shows only a selection of data. The full table, a description of the data collection process and the Independent Assurance Statement of ERM CVS are available on our website.


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