Document and Entity information
Document and Entity information | 6 Months Ended |
Jun. 30, 2022 | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | Deutsche Bank Aktiengesellschaft |
Entity Address Street | Taunusanlage 12 |
Entity Address City | Frankfurt am Main |
Entity Address Postal Code | 60325 |
Entity Address Country | DE |
Entity File Number | 1-15242 |
Entity Central Index Key | 0001159508 |
Current Fiscal Year End Date | --12-31 |
Document Type | 6-K |
Document Period End Date | Jun. 30, 2022 |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | Q2 |
Amendment Flag | false |
Consolidated statement of incom
Consolidated statement of income - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Consolidated Statement of Income [Line Items] | |||||
Interest and similar income | [1] | € 5,323 | € 3,994 | € 9,801 | € 8,269 |
Interest expense | 1,959 | 1,342 | 3,584 | 2,820 | |
Net interest income | 3,364 | 2,652 | 6,217 | 5,448 | |
Provision for credit losses | 233 | 75 | 525 | 144 | |
Net interest income after provision for credit losses | 3,131 | 2,577 | 5,692 | 5,304 | |
Commissions and fee income | 2,501 | 2,574 | 5,257 | 5,313 | |
Net gains (losses) on financial assets/liabilities at fair value through profit or loss | 1,815 | 983 | 3,119 | 2,584 | |
Net gains (losses) on financial assets at amortized cost | (4) | 6 | (4) | 4 | |
Net gains (losses) on financial assets at fair value through other comprehensive income | (39) | 22 | (34) | 130 | |
Net income (loss) from equity method investments | 67 | 40 | 95 | 64 | |
Other income (loss) | (5) | (33) | 237 | 248 | |
Total noninterest income | 4,335 | 3,591 | 8,670 | 8,343 | |
Compensation and benefits | 2,690 | 2,551 | 5,346 | 5,183 | |
General and administrative expenses | 2,217 | 2,361 | 4,981 | 5,287 | |
Impairment of goodwill and other intangible assets | 0 | 0 | 0 | 0 | |
Restructuring activities | (36) | 86 | (80) | 102 | |
Total noninterest expenses | 4,870 | 4,998 | 10,247 | 10,572 | |
Profit (loss) before tax | 2,596 | 1,170 | 4,115 | 3,075 | |
Income tax expense (benefit) | 561 | 333 | 959 | 995 | |
Profit (loss) | 2,035 | 837 | 3,155 | 2,081 | |
Profit (loss) attributable to noncontrolling interests | 33 | 33 | 73 | 69 | |
Profit (loss) attributable to Deutsche Bank shareholders and additional equity components | € 2,002 | € 804 | € 3,083 | € 2,012 | |
[1]Interest and similar income include € 4.3 billion € 3.2 billion € 7.9 billion € 6.6 billion |
Consolidated statement of inc_2
Consolidated statement of income (Parenthetical) - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Consolidated Statement of Income [Abstract] | |||||
Interest and similar income | [1] | € 5,323 | € 3,994 | € 9,801 | € 8,269 |
of which: calculated based on the effective interest rate method | € 4,300 | € 3,200 | € 7,900 | € 6,600 | |
[1]Interest and similar income include € 4.3 billion € 3.2 billion € 7.9 billion € 6.6 billion |
Earnings per common share
Earnings per common share - € / shares | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Earnings per share [Abstract] | |||||
Basic | [1] | € 0.73 | € 0.21 | € 1.25 | € 0.79 |
Diluted | [1] | € 0.72 | € 0.21 | € 1.22 | € 0.77 |
Number of shares in million [Abstract] | |||||
Denominator for basic earnings per share, weighted-average shares outstanding | 2,080.7 | 2,096.4 | 2,086.5 | 2,096.3 | |
Denominator for diluted earnings per share, adjusted weighted-average shares after assumed conversions | 2,115.2 | 2,141.8 | 2,128.4 | 2,137.9 | |
[1]Earnings were adjusted by € 479 million € 363 million |
Earnings per common share (Pare
Earnings per common share (Parenthetical) - EUR (€) | 3 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Earnings per Common Share [Abstract] | ||
Earnings adjusted for coupons paid in April for Additional Tier 1 Notes, before tax | € 479 | € 363 |
Consolidated statement of compr
Consolidated statement of comprehensive income - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Consolidated Statement of Comprehensive Income [Line Items] | ||||
Profit (loss) recognized in the income statement | € 2,035 | € 837 | € 3,155 | € 2,081 |
Other Comprehensive Income: Items that will not be reclassified to profit or loss [Abstract] | ||||
Remeasurement gains (losses) related to defined benefit plans, before tax | 797 | 287 | 946 | 499 |
Net fair value gains (losses) attributable to credit risk related to financial liabilities designated as at fair value through profit or loss, before tax | 55 | (17) | 54 | (12) |
Total of income tax related to items that will not be reclassified to profit or loss | (513) | (38) | (597) | (138) |
Items that are or may be reclassified to profit or loss: Financial assets at fair value through other comprehensive income [Abstract] | ||||
Unrealized net gains (losses) arising during the period, before tax | (554) | (74) | (971) | (325) |
Realized net (gains) losses arising during the period (reclassified to profit or loss), before tax | (39) | (22) | (34) | (130) |
Derivatives hedging variability of cash flows [Abstract] | ||||
Unrealized net gains (losses) arising during the period, before tax | (80) | (4) | (317) | 23 |
Realized net (gains) losses arising during the period (reclassified to profit or loss), before tax | (2) | (13) | (13) | (20) |
Foreign currency translation [Abstract] | ||||
Unrealized net gains (losses) arising during the period, before tax | 896 | (205) | 1,279 | 465 |
Realized net (gains) losses arising during the period (reclassified to profit or loss), before tax | (10) | (12) | ||
Equity Method Investments [Abstract] | ||||
Net gains (losses) arising during the period | 23 | (6) | 25 | (6) |
Total of income tax related to items that are or may be reclassified to profit or loss | 242 | 53 | 447 | 178 |
Other comprehensive income (loss), net of tax | 905 | (49) | 888 | 521 |
Total comprehensive income (loss), net of tax | 2,941 | 788 | 4,043 | 2,602 |
Attributable to [Abstract] | ||||
Noncontrolling interests | 91 | 27 | 150 | 96 |
Deutsche Bank shareholders and additional equity components | € 2,850 | € 760 | € 3,892 | € 2,506 |
Consolidated balance sheet
Consolidated balance sheet - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 | |
Assets [Abstract] | |||
Cash and central bank balances | € 177,070 | € 192,021 | |
Interbank balances (w/o central banks) | 7,902 | 7,342 | |
Central bank funds sold and securities purchased under resale agreements | 9,121 | 8,368 | |
Securities borrowed | 164 | 63 | |
Financial assets at fair value through profit or loss [Abstract] | |||
Trading assets | 103,953 | 102,396 | |
Positive market values from derivative financial instruments | 322,984 | 299,732 | |
Non-trading financial assets mandatory at fair value through profit and loss | 88,723 | 88,965 | |
Financial assets designated at fair value through profit or loss | 96 | 140 | |
Total financial assets at fair value through profit or loss | 515,756 | 491,233 | |
Financial assets at fair value through other comprehensive income | 31,515 | 28,979 | |
Equity method investments | 1,185 | 1,091 | |
Loans at amortized cost | 493,904 | 472,069 | |
Property and equipment | 5,595 | 5,536 | |
Goodwill and other intangible assets | 7,155 | 6,824 | |
Other assets | [1] | 135,104 | 103,784 |
Assets for current tax | 1,429 | 1,214 | |
Deferred tax assets | 6,020 | 6,180 | |
Total assets | 1,391,918 | 1,324,705 | |
Liabilities and equity [Abstract] | |||
Deposits | 617,144 | 604,396 | |
Central bank funds purchased and securities sold under repurchase agreements | 1,213 | 747 | |
Securities loaned | 8 | 24 | |
Financial liabilities at fair value through profit or loss [Abstract] | |||
Trading liabilities | 58,970 | 54,718 | |
Negative market values from derivative financial instruments | 303,482 | 287,109 | |
Financial liabilities designated at fair value through profit or loss | 60,101 | 58,468 | |
Investment contract liabilities | 494 | 562 | |
Total financial liabilities at fair value through profit or loss | 423,047 | 400,857 | |
Other short-term borrowings | 5,189 | 4,034 | |
Other liabilities | [1] | 127,179 | 97,795 |
Provisions | 2,539 | 2,641 | |
Liabilities for current tax | 690 | 600 | |
Deferred tax liabilities | 866 | 498 | |
Long-term debt | 143,924 | 144,485 | |
Trust preferred securities | 521 | 528 | |
Total liabilities | 1,322,319 | 1,256,606 | |
Common shares, no par value, nominal value of EUR 2.56 | 5,291 | 5,291 | |
Additional paid-in capital | 40,367 | 40,580 | |
Retained earnings | 15,239 | 12,680 | |
Common shares in treasury, at cost | (396) | (6) | |
Accumulated other comprehensive income (loss), net of tax | 1 | (449) | |
Total shareholders equity | 60,502 | 58,096 | |
Additional equity components | 7,328 | 8,305 | |
Noncontrolling interests | 1,769 | 1,698 | |
Total equity | 69,599 | 68,099 | |
Total liabilities and equity | € 1,391,918 | € 1,324,705 | |
[1]Includes non-current assets and disposal groups held for sale. |
Consolidated statement of chang
Consolidated statement of changes in equity - EUR (€) € in Millions | Total equity [Member] | Common shares (no par value) [Member] | Additional paid-in capital [Member] | Retained earnings [Member] | Common shares in treasury, at cost [Member] | Unrealized net gains (losses) on financial assets at FVOCI, net of tax and other | [1] | Unrealized net gains (losses) Attributable to change in own credit risk of financial liabilities designated at FVTPL, net of tax | [1] | Unrealized net gains (losses) on derivatives hedging variability of cash flows, net of tax [Member] | [1] | Unrealized net gains (losses) on assets classified as held for sale, net of tax [Member] | [1] | Foreign currency translation, net of tax [Member] | [1] | Unrealized net gains (losses) from equity method investments [Member] | Accumulated other comprehensive income, net of tax [Member] | Total shareholders equity [Member] | Additional equity components [Member] | [3] | Noncontrolling interests [Member] | ||
Equity, Balance at Dec. 31, 2020 | € 62,184 | € 5,291 | € 40,606 | € 10,002 | € (7) | € 278 | € 7 | € 7 | € 0 | € (1,411) | € (1) | € (1,118) | [2] | € 54,774 | € 5,824 | € 1,587 | |||||||
Total comprehensive income (loss), net of tax | [2] | 2,245 | 0 | 0 | 2,012 | 0 | (322) | (8) | 1 | 0 | 475 | (6) | 139 | 2,151 | 0 | 94 | |||||||
Gains (losses) attributable to Equity instruments designated at FVTOCI, net of tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 0 | 0 | 0 | |||||||
Gains (losses) upon early ext. attributable to change in own credit risk of financial liabilities designated at FVTPL, net of tax | (2) | 0 | 0 | (2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (2) | 0 | 0 | |||||||
Cash dividends paid | (79) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 0 | 0 | (79) | |||||||
Coupon on additional equity components, net of tax | (363) | 0 | 0 | (363) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (363) | 0 | 0 | |||||||
Remeasurement gains (losses) related to defined benefit plans, net of tax | 357 | 0 | 0 | 355 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 355 | 0 | 3 | |||||||
Net change in share awards in the reporting period | (219) | 0 | (218) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (218) | 0 | (2) | |||||||
Treasury shares distributed under share-based compensation plans | 248 | 0 | 0 | 0 | 248 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 248 | 0 | 0 | |||||||
Tax benefits related to share-based compensation plans | 15 | 0 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 15 | 0 | 0 | |||||||
Option premiums and other effects from options on common shares | (50) | 0 | (50) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (50) | 0 | 0 | |||||||
Purchases of treasury shares | (289) | 0 | 0 | 0 | (289) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (289) | 0 | 0 | |||||||
Sale of treasury shares | 20 | 0 | 0 | 0 | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 20 | 0 | 0 | |||||||
Net gains (losses) on treasury shares sold | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 0 | 0 | 0 | |||||||
Other | 1,340 | 0 | 107 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 107 | 1,243 | [4] | (11) | ||||||
Equity, Balance at Jun. 30, 2021 | 65,406 | 5,291 | 40,460 | 12,004 | (28) | (44) | (1) | 8 | 0 | (935) | (7) | (979) | [2] | 56,748 | 7,068 | 1,591 | |||||||
Equity, Balance at Dec. 31, 2021 | 68,099 | 5,291 | 40,580 | 12,680 | (6) | (124) | (3) | (33) | 0 | (282) | (6) | (449) | [2] | 58,096 | 8,305 | 1,698 | |||||||
Total comprehensive income (loss), net of tax | [2] | 3,678 | 0 | 0 | 3,083 | 0 | (666) | 38 | (245) | 0 | 1,305 | 18 | 450 | 3,533 | 0 | 145 | |||||||
Gains (losses) attributable to Equity instruments designated at FVTOCI, net of tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 0 | 0 | 0 | |||||||
Gains (losses) upon early ext. attributable to change in own credit risk of financial liabilities designated at FVTPL, net of tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 0 | 0 | 0 | |||||||
Cash dividends paid | (489) | 0 | 0 | (406) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (406) | 0 | (82) | |||||||
Coupon on additional equity components, net of tax | (479) | 0 | 0 | (479) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (479) | 0 | 0 | |||||||
Remeasurement gains (losses) related to defined benefit plans, net of tax | 365 | 0 | 0 | 360 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 360 | 0 | 5 | |||||||
Net change in share awards in the reporting period | (175) | 0 | (175) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (175) | 0 | 0 | |||||||
Treasury shares distributed under share-based compensation plans | 305 | 0 | 0 | 0 | 305 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 305 | 0 | 0 | |||||||
Tax benefits related to share-based compensation plans | 34 | 0 | 34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 34 | 0 | 0 | |||||||
Option premiums and other effects from options on common shares | (58) | 0 | (58) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (58) | 0 | 0 | |||||||
Purchases of treasury shares | (695) | 0 | 0 | 0 | (695) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | (695) | 0 | 0 | |||||||
Sale of treasury shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 0 | 0 | 0 | |||||||
Net gains (losses) on treasury shares sold | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 0 | 0 | 0 | |||||||
Other | (917) | 0 | 55 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [2] | 56 | (977) | [4] | 4 | ||||||
Equity, Balance at Jun. 30, 2022 | € 69,599 | € 5,291 | € 40,367 | € 15,239 | € (396) | € (791) | € 34 | € (277) | € 0 | € 1,023 | € 12 | € 1 | [2] | € 60,502 | € 7,328 | € 1,769 | |||||||
[1]Excluding unrealized net gains (losses) from equity method investments.[2]Excluding remeasurement gains (losses) related to defined benefit plans, net of tax.[3]Includes Additional Tier 1 Notes, which constitute unsecured and subordinated notes of Deutsche Bank and are classified as equity in accordance with IFRS.[4]Includes net effect from issuance, repayment, purchase and sale of Additional Equity Components. |
Consolidated statement of cash
Consolidated statement of cash flows - EUR (€) € in Millions | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | |||
Consolidated Statement of Cash Flows [Line Items] | ||||
Profit (loss) | € 3,155 | € 2,081 | ||
Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used in) operating activities [Abstract] | ||||
Provision for credit losses | 525 | 144 | ||
Restructuring activities | (80) | 102 | ||
Gain on sale of financial assets at fair value through other comprehensive income, equity method investments and other | 14 | (160) | ||
Deferred income taxes, net | 525 | 326 | ||
Impairment, depreciation and other amortization, and accretion | 1,911 | 1,598 | ||
Share of net income from equity method investments | (94) | (109) | ||
Income (loss) adjusted for noncash charges, credits and other items | 5,956 | 3,982 | ||
Adjustments for net change in operating assets and liabilities [Abstract] | ||||
Interest-earning time deposits with central banks and banks | (2,286) | 1,599 | ||
Central bank funds sold, securities purchased under resale agreements, securities borrowed | (853) | (18) | ||
Non-Trading financial assets mandatory at fair value through profit and loss | 1,403 | (5,821) | ||
Financial assets designated at fair value through profit or loss | 42 | 352 | ||
Loans at amortized cost | (18,239) | (12,908) | ||
Other assets | (18,190) | (30,090) | ||
Deposits | 9,761 | 12,927 | ||
Financial liabilities designated at fair value through profit or loss and investment contract liabilities | [1] | 462 | 5,936 | |
Central bank funds purchased, securities sold under repurchase agreements, securities loaned | 448 | 248 | ||
Other short-term borrowings | 1,143 | (126) | ||
Other liabilities | 26,819 | 24,841 | ||
Senior long-term debt | [2] | (4,121) | (980) | |
Trading assets and liabilities, positive and negative market values from derivative financial instruments, net | (3,340) | 14,096 | ||
Other, net | (2,584) | (332) | ||
Net cash provided by (used in) operating activities | (3,581) | 13,705 | ||
Cash flows from investing activities: Proceeds from [Abstract] | ||||
Sale of financial assets at fair value through other comprehensive income | 11,458 | 35,066 | ||
Maturities of financial assets at fair value through other comprehensive income | 7,550 | 11,862 | ||
Sale of debt securities held to collect at amortized cost | 0 | 42 | ||
Maturities of debt securities held to collect at amortized cost | 2,284 | 3,124 | ||
Sale of equity method investments | 2 | 17 | ||
Sale of property and equipment | 14 | 103 | ||
Purchase of [Abstract] | ||||
Financial assets at fair value through other comprehensive income | (22,653) | (28,991) | ||
Debt securities held to collect at amortized cost | (13,436) | (3,089) | ||
Equity method investments | (121) | (84) | ||
Property and equipment | (183) | (249) | ||
Net cash received in (paid for) business combinations/divestitures | 34 | 0 | ||
Other, net | (506) | (503) | ||
Net cash provided by (used in) investing activities | (15,559) | 17,299 | ||
Cash flows from financing activities [Abstract] | ||||
Issuances of subordinated long-term debt | 2,681 | [3] | 1,070 | |
Repayments and extinguishments of subordinated long-term debt | (52) | [3] | (25) | |
Issuances of trust preferred securities | 0 | [4] | 0 | |
Repayments and extinguishments of trust preferred securities | 0 | [4] | (4) | |
Principal portion of lease payments | (320) | (353) | ||
Purchases of treasury shares | (695) | (289) | ||
Sale of treasury shares | 0 | 20 | ||
Additional Equity Components (AT1) issued | 750 | 1,250 | ||
Additional Equity Components (AT1) repaid | (1,750) | |||
Purchases of Additional Equity Components (AT1) | (1,648) | (2,446) | ||
Sale of Additional Equity Components (AT1) | 1,641 | 2,450 | ||
Coupon on additional equity components, pre tax | (479) | (363) | ||
Dividends paid to noncontrolling interests | (82) | (79) | ||
Net change in noncontrolling interests | 4 | (11) | ||
Cash dividends paid to Deutsche Bank shareholders | (406) | 0 | ||
Other, net | 0 | 0 | ||
Net cash provided by (used in) financing activities | (357) | 1,221 | ||
Net effect of exchange rate changes on cash and cash equivalents | 2,234 | 442 | ||
Net increase (decrease) in cash and cash equivalents | (17,263) | 32,667 | ||
Cash and cash equivalents at beginning of period | 179,946 | 156,328 | ||
Cash and cash equivalents at end of period | 162,683 | 188,996 | ||
Net cash provided by (used in) operating activities include [Abstract] | ||||
Income taxes paid (received), net | 515 | 386 | ||
Interest paid | 3,335 | 2,808 | ||
Interest and dividends received [Abstract] | ||||
Interest received | 8,890 | 7,626 | ||
Dividend received | 50 | 173 | ||
Cash and cash equivalents comprise [Abstract] | ||||
Cash and central bank balances (not included Interest-earning time deposits with central banks) | 156,533 | 182,195 | ||
Interbank balances (w/o central banks) | 6,150 | 6,801 | ||
Total | € 162,683 | € 188,996 | ||
[1]Included are senior long-term debt issuances of € 1.6 billion € 285 million € 505 million € 612 million € 21.1 billion € 18.4 billion € 21.7 billion € 19.4 billion € 134 million € (314) million € 447 million € (7) million € (9) million |
Consolidated statement of cas_2
Consolidated statement of cash flows (Parenthetical) - EUR (€) € in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Financial Liabilities Designated at Fair Value Through Profit or Loss and Investment Contract Liabilities [Abstract] | ||
of which: Senior long-term debt issuances | € 1,600 | € 285 |
of which: Repayments and extinguishments | 505 | 612 |
Senior long-term debt [Abstract] | ||
of which: Issuances | 21,100 | 18,400 |
of which: Repayments and extinguishments | 21,700 | 19,400 |
Total non-cash changes for Subordinated Long Term Debt | 134 | |
of which: Driven by FX movements | (314) | |
of which: Driven by FV changes | 447 | |
Non-cash changes for Trust Preferred Securities | (7) | |
of which: Driven by FV Changes | (9) | |
Cash and cash equivalents comprise [Abstract] | ||
Of which at Russian Central Bank | 554 | |
Of which Demand Deposit at Russian Central Bank | 27 | |
Interest earning time deposits with central banks | 20,500 | 16,100 |
Interest earning time deposits with banks | € 1,800 | € 1,600 |
Accounting Policies, Basis of p
Accounting Policies, Basis of preparation/ impact of changes in accounting principles | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policy - Basis of Preparation/ Impact of changes in accounting principles [Abstract] | |
Accounting Policy - Basis of preparation/ impact of changes in accounting policies [text block] | Basis of preparation/impact of changes in accounting principles The consolidated interim financial statements of Deutsche Bank Aktiengesellschaft, Frankfurt am Main and its subsidiaries (collectively the “Group”, “Deutsche Bank” or “DB”) for the six-month period ended June 30, 2022 are stated in euros, the presentation currency of the Group. It has been prepared based on the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated interim financial statements take particular account of the requirements of IAS 34 relating to interim financial reporting. For purposes of the Group’s primary financial reporting outside the United States, the Group prepares its consolidated interim financial statements in accordance with IFRS as endorsed by the EU. For purposes of the Group’s consolidated interim financial statements prepared in accordance with IFRS as endorsed by the EU, the Group applies fair value hedge accounting for portfolio hedges of interest rate risk (fair value macro hedges) in accordance with the EU carve out version of IAS 39. The purpose of applying the EU carve out version of IAS 39 is to align the Group’s hedge accounting approach with its risk management practice and the accounting practice of its major European peers. Under the EU carve out version of IAS 39, fair value macro hedge accounting may be applied to core deposits and hedge ineffectiveness is only recognized when the revised estimate of the amount of cash flows in scheduled time buckets falls below the original designated amount of that bucket. If the revised amount of cash flows in scheduled time buckets is more than the original designated amount then there is no hedge ineffectiveness. Under IFRS as issued by the IASB, hedge accounting for fair value macro hedges cannot be applied to core deposits. In addition, under IFRS as issued by the IASB hedge ineffectiveness arises for all fair value macro hedge accounting relationships whenever the revised estimate of the amount of cash flows in scheduled time buckets is either more or less than the original designated amount of that bucket. The application of the EU carve out version of IAS 39 had a negative impact of € 1,049 million € 823 million € 5 million € 9 million € 910 million € 717 million € 321 million € 216 million 19 6 The Group’s consolidated interim financial statements are unaudited and include the consolidated balance sheet as of June 30, 2022, the related consolidated statements of income, comprehensive income, changes in equity and cash flows for the six-month period ended June 30, 2022 as well as other information (e.g., Basis of preparation/impact of changes in accounting principles). The Group’s consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements of Deutsche Bank for the year ended December 31, 2021, for which the same accounting policies, critical accounting estimates and changes in accounting estimates have been applied with the exception of the newly adopted accounting pronouncements outlined in section “Recently adopted accounting pronouncements”. The preparation of financial information under IFRS requires management to make estimates and assumptions for certain categories of assets and liabilities. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from management’s estimates, especially in relation to the COVID-19 pandemic and potential impacts from the war in Ukraine, and the results reported should not be regarded as necessarily indicative of results that may be expected for the entire year. The Group has considered the war in Ukraine and its impact on the financial statements. Further details on the related risks, exposures and the impact on the financial statements can be found in the financial statement sections: “Financial Instruments Carried at Fair Value”, “IFRS 9 impairment” and “Exposure to Russia. In the second quarter 2022, a recalibration of the discount curve for defined benefit plans was applied to the Eurozone curve in order to better align to market data which resulted in a change in accounting estimates. This recalibration resulted in a decrease of the defined benefit obligation by € 310 million, that was recognized through Other Comprehensive Income. The recalibration and significant widening of credit spreads in the Eurozone experienced during the second quarter 2022, contributed to the recognition of a remeasurement gain amounting to € 797 million before tax, presented in the Consolidated statement of comprehensive income. |
Accounting Policies, Recently a
Accounting Policies, Recently adopted and new accounting pronouncements | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policy - Basis of Preparation/ Impact of changes in accounting principles [Abstract] | |
Accounting Policy - Disclosure of changes in accounting policies [text block] | Recently adopted accounting pronouncements The following are those accounting pronouncements which are relevant to the Group and which have been newly applied in the first six months of 2022. IAS 37 “Provisions, Contingent Liabilities and Contingent Assets” On January 1, 2022, the Group adopted amendments to IAS 37, “Provisions, Contingent Liabilities and Contingent Assets” which clarified what costs an entity considers in assessing whether a contract is onerous. The amendments specified that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to the contract’. Costs that relate directly to a contract can either be incremental costs of fulfilling that contract or an allocation of other costs that relate directly to fulfilling contracts. The amendments did not have a material impact on the Group’s consolidated financial statements. Improvements to IFRS 2018-2020 Cycles On January 1, 2022, the Group adopted amendments to multiple IFRS standards, which resulted from the IASB’s annual improvement project for the 2018-2020 cycles. This comprised amendments that resulted in accounting changes for presentation, recognition or measurement purposes as well as terminology or editorial amendments related to IFRS 1 “First-time Adoption of International Financial Reporting Standards”, IFRS 9 “Financial Instruments”, IFRS 16 “Leases” and IAS 41 “Agriculture”. The amendments to IFRS 9 clarified which fees an entity includes when assessing whether to derecognize a financial liability. The amendments did not have a material impact on the Group’s consolidated financial statements. New accounting pronouncements The following accounting pronouncements were not effective as of June 30, 2022 and therefore have not been applied in the first six months of 2022. IFRS 17 “Insurance Contracts” In May 2017, the IASB issued IFRS 17, “Insurance Contracts”, which establishes the principles for the recognition, measurement, presentation and disclosure of insurance contracts within the scope of the standard. IFRS 17 replaces IFRS 4 which has given companies dispensation to carry on accounting for insurance contracts using national accounting standards, resulting in a multitude of different approaches. IFRS 17 solves the comparison problems created by IFRS 4 by requiring all insurance contracts to be accounted for in a consistent manner, benefiting both investors and insurance companies. Insurance obligations will be accounted for using current values – instead of historical cost. The information will be updated regularly, providing more useful information to users of financial statements. IFRS 17 is effective for annual periods beginning on or after January 1, 2023. Based on the Group’s current business activities it is expected that IFRS 17 will not have a material impact on the Group’s consolidated financial statements. In June 2020, the IASB issued amendments to IFRS 17 “Insurance Contracts” that address concerns and implementation challenges that were identified after IFRS 17 was published in 2017. The amendments are effective for annual periods beginning on or after January 1, 2023 with early adoption permitted. In December 2021, the IASB issued amendments to IFRS 17 “Insurance Contracts” that is a narrow-scope amendment to the transition requirements of IFRS 17 for entities that first apply IFRS 17 and IFRS 9 at the same time. The amendments (if elected) will be applicable when IFRS 17 is first applied. These narrow-scope amendments have yet to be endorsed by the EU. IAS 12 “Income Taxes” In May 2021, the IASB issued amendments to IAS 12 “Income Taxes”. They change the deferred tax treatment related to assets and liabilities in a single transaction such that they introduce an exemption from the initial recognition exemption provided in IAS 12.15(b) and IAS 12.24. Accordingly, the initial recognition exemption does not apply to transactions in which both deductible and taxable temporary differences arise on initial recognition that result in the recognition of equal deferred tax assets and liabilities. The amendments will be effective for annual periods beginning on or after January 1, 2023 with early adoption permitted. The amendment will not have a material impact on the Group’s consolidated financial statements. These amendments have yet to be endorsed by the EU. IAS 1 “Presentation of Financial Statements” In January 2020 and July 2020, the IASB issued amendments to IAS 1 “Presentation of Financial Statements: Classification of Liabilities as Current or Non-Current”. They clarify that the classification of liabilities as current or non-current should be based on rights that are in existence at the end of the reporting period. The amendments also clarify that the classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability and make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets or services. The amendments are expected to be effective for annual periods beginning on or after January 1, 2024 with early adoption permitted. The amendment will not have a material impact on the Group’s consolidated financial statements. These amendments have yet to be endorsed by the EU. |
Accounting Policies, Business s
Accounting Policies, Business segments | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policy - Basis of Preparation/ Impact of changes in accounting principles [Abstract] | |
Accounting Policy - Business Segments [text block] | Business Segments Commencing from the second quarter 2022 reporting, the breakdown of revenues within the International Private Bank (IPB) was refined to further align the reporting structure to the client coverage model. IPB revenues are now categorized into the client segments “Wealth Management & Bank for Entrepreneurs” and “Premium Banking”. “Wealth Management & Bank for Entrepreneurs” combines the coverage of private banking, high-net-worth and ultra-high-net-worth clients, as well as business clients that are covered as part of the Bank for Entrepreneurs (BfE) proposition. “IPB Premium Banking” includes retail and affluent customers as well as commercial banking clients (i.e. all small business clients and small sized corporate clients that are not covered as part of the BfE). Prior year comparatives are presented in the current structure. |
Accounting Policies, Strategic
Accounting Policies, Strategic Liquidity Reserve profit and loss allocation | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policy - Basis of Preparation/ Impact of changes in accounting principles [Abstract] | |
Accounting Policy - Strategic Liquidity Reserve profit and loss allocation [text block] | Strategic Liquidity Reserve Profit and Loss allocation Commencing from the first quarter of 2022, the methodology for divisional intra-year allocations of profit or loss earned on the Strategic Liquidity Reserves has been refined. As part of the introduction of the new methodology, the intra-year profit and loss volatility is held centrally in Corporate & Other in order to better reflect the underlying performance of the business divisions. The implementation of the new methodology does not impact the overall group revenues or the annual business allocations. Prior year’s comparatives have not been aligned to presentation in the current year. If the new methodology had been in place during the second quarter of 2021, revenues of the Corporate Bank, Investment Bank, Private Bank and Capital Release Unit would have been higher by € 38 million € 27 million € 15 million € 3 million € 83 million € 2.4 million € 2.1 million € 2.8 million € 0.6 million € 1.1 million |
Impact of DBs transformation
Impact of DBs transformation | 6 Months Ended |
Jun. 30, 2022 | |
Deutsche Banks Transformation [Abstract] | |
Impact of DB's transformation [text block] | Impact of Deutsche Bank’s transformation The Group achieved 97 % 98 % € 39 million € 99 million € 78 million € 215 million |
Segment information
Segment information | 6 Months Ended |
Jun. 30, 2022 | |
Segment Results of Operations [Abstract] | |
Disclosure of Segment Results [text block] | Segment results Three months ended Jun 30, 2022 in € m. Corporate Investment Private Asset Capital Corporate & Total Net revenues 1,551 2,646 2,160 656 7 679 7,699 Provision for credit losses 56 72 96 (0) (3) 12 233 Noninterest expenses: Compensation and benefits 356 588 702 224 14 805 2,690 General and administrative expenses 607 922 933 216 180 (640) 2,217 Impairment of goodwill and other intangible assets 0 0 0 0 0 0 0 Restructuring activities (2) 2 (35) 0 (1) 0 (36) Total noninterest expenses 960 1,512 1,601 440 192 165 4,870 Noncontrolling interests 0 2 (0) 46 0 (49) 0 Profit (loss) before tax 534 1,059 463 170 (181) 551 2,596 N/M – Not meaningful Three months ended Jun 30, 2021 in € m. Corporate Investment Private Asset Capital Corporate & Total Net revenues 1,230 2,394 2,018 626 (24) (1) 6,243 Provision for credit losses (20) 2 117 1 (25) (1) 75 Noninterest expenses: Compensation and benefits 355 532 683 202 35 744 2,551 General and administrative expenses 640 804 1,165 192 223 (662) 2,361 Impairment of goodwill and other intangible assets 0 0 0 0 0 0 0 Restructuring activities 5 11 69 1 1 (0) 86 Total noninterest expenses 1,000 1,347 1,916 395 258 81 4,998 Noncontrolling interests 0 (2) 0 49 0 (47) 0 Profit (loss) before tax 250 1,046 (15) 180 (257) (34) 1,170 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year Six months ended Jun 30, 2022 in € m. Corporate Investment Private Asset Capital Corporate & Total Net revenues 3,012 5,969 4,381 1,338 1 187 14,887 Provision for credit losses 204 108 197 (0) (7) 22 525 Noninterest expenses: Compensation and benefits 708 1,199 1,387 453 31 1,568 5,346 General and administrative expenses 1,274 2,088 1,995 407 498 (1,282) 4,981 Impairment of goodwill and other intangible assets 0 0 0 0 0 0 0 Restructuring activities (2) 3 (80) 0 (1) 0 (80) Total noninterest expenses 1,980 3,290 3,302 861 527 286 10,247 Noncontrolling interests 0 3 (0) 101 0 (104) 0 Profit (loss) before tax 828 2,567 881 376 (520) (17) 4,115 N/M – Not meaningful Six months ended Jun 30, 2021 in € m. Corporate Investment Private Asset Capital Corporate & Total Net revenues 2,543 5,491 4,196 1,263 57 241 13,792 Provision for credit losses (40) 3 215 1 (32) (2) 144 Noninterest expenses: Compensation and benefits 714 1,065 1,402 418 75 1,507 5,183 General and administrative expenses 1,368 1,877 2,253 380 681 (1,270) 5,287 Impairment of goodwill and other intangible assets 0 0 0 0 0 0 0 Restructuring activities 17 12 71 2 1 (0) 102 Total noninterest expenses 2,099 2,954 3,726 800 756 237 10,572 Noncontrolling interests 0 (1) 0 98 0 (97) 0 Profit (loss) before tax 485 2,535 255 364 (667) 104 3,075 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year Corporate Bank (CB) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues: Corporate Treasury Services 962 737 224 30 1,878 1,545 334 22 Institutional Client Services 394 313 81 26 744 628 116 19 Business Banking 195 179 16 9 390 371 19 5 Total net revenues 1,551 1,230 321 26 3,012 2,543 468 18 Of which: Net interest income 825 543 281 52 1,604 1,250 355 28 Commissions and fee income 622 533 89 17 1,191 1,081 110 10 Remaining income 104 154 (49) (32) 217 213 4 2 Provision for credit losses 56 (20) 76 N/M 204 (40) 244 N/M Noninterest expenses: Compensation and benefits 356 355 1 0 708 714 (6) (1) General and administrative expenses 607 640 (34) (5) 1,274 1,368 (93) (7) Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities (2) 5 (7) N/M (2) 17 (19) N/M Total noninterest expenses 960 1,000 (39) (4) 1,980 2,099 (119) (6) Noncontrolling interests 0 0 0 N/M 0 0 0 N/M Profit (loss) before tax 534 250 285 114 828 485 343 71 Total assets (in € bn) 1 258 245 12 5 258 245 12 5 Loans (gross of allowance for loan losses, in € bn) 1 129 116 12 11 129 116 12 11 Employees (front office full-time equivalent) 1 13,305 13,487 (182) (1) 13,305 13,487 (182) (1) N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end Investment Bank (IB) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues: Fixed Income, Currency (FIC) Sales & Trading 2,385 1,811 574 32 5,225 4,280 944 22 Debt Origination 21 399 (377) (95) 328 784 (456) (58) Equity Origination 45 114 (69) (60) 79 313 (234) (75) Advisory 166 110 55 50 299 182 118 65 Origination & Advisory 232 623 (391) (63) 707 1,279 (572) (45) Other 28 (40) 69 N/M 38 (68) 106 N/M Total net revenues 2,646 2,394 252 11 5,969 5,491 478 9 Provision for credit losses 72 2 70 N/M 108 3 105 N/M Noninterest expenses: Compensation and benefits 588 532 56 11 1,199 1,065 134 13 General and administrative expenses 922 804 118 15 2,088 1,877 211 11 Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities 2 11 (9) (81) 3 12 (9) (73) Total noninterest expenses 1,512 1,347 165 12 3,290 2,954 337 11 Noncontrolling interests 2 (2) 4 N/M 3 (1) 5 N/M Profit (loss) before tax 1,059 1,046 13 1 2,567 2,535 32 1 Total assets (in € bn) 1 706 586 121 21 706 586 121 21 Loans (gross of allowance for loan losses, in € bn) 1 99 75 25 33 99 75 25 33 Employees (front office full-time equivalent) 1 7,206 7,151 55 1 7,206 7,151 55 1 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end Private Bank (PB) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues: Private Bank Germany 1,326 1,198 128 11 2,684 2,545 139 5 International Private Bank 834 820 14 2 1,696 1,651 45 3 Premium Banking 235 229 6 3 486 475 11 2 Wealth Management & Bank for Entrepreneurs 598 591 8 1 1,210 1,176 34 3 Total net revenues 2,160 2,018 142 7 4,381 4,196 185 4 Of which: Net interest income 1,274 1,147 127 11 2,457 2,319 138 6 Commissions and fee income 783 737 47 6 1,741 1,626 115 7 Remaining income 102 134 (32) (24) 182 251 (69) (27) Provision for credit losses 96 117 (20) (17) 197 215 (18) (8) Noninterest expenses: Compensation and benefits 702 683 19 3 1,387 1,402 (16) (1) General and administrative expenses 933 1,165 (232) (20) 1,995 2,253 (257) (11) Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities (35) 69 (103) N/M (80) 71 (151) N/M Total noninterest expenses 1,601 1,916 (316) (16) 3,302 3,726 (424) (11) Noncontrolling interests (0) 0 (0) N/M (0) 0 (0) N/M Profit (loss) before tax 463 (15) 478 N/M 881 255 626 N/M Total assets (in € bn) 1 330 305 25 8 330 305 25 8 Loans (gross of allowance for loan losses, in € bn) 1 264 247 17 7 264 247 17 7 Assets under Management (in € bn) 1 528 537 (8) (2) 528 537 (8) (2) Net flows (in € bn) 7 10 (3) (29) 17 21 (4) (19) Employees (front office full-time equivalent) 1 27,720 29,117 (1,397) (5) 27,720 29,117 (1,397) (5) N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end Asset Management (AM) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues: Management Fees 619 584 34 6 1,239 1,131 108 10 Performance and transaction fees 31 19 13 69 58 58 (1) (1) Other 6 23 (17) (75) 41 73 (32) (44) Total net revenues 656 626 30 5 1,338 1,263 75 6 Provision for credit losses (0) 1 (2) N/M (0) 1 (1) N/M Noninterest expenses: Compensation and benefits 224 202 21 11 453 418 35 8 General and administrative expenses 216 192 24 13 407 380 27 7 Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities 0 1 (1) (94) 0 2 (1) (76) Total noninterest expenses 440 395 45 11 861 800 61 8 Noncontrolling interests 46 49 (3) (5) 101 98 3 3 Profit (loss) before tax 170 180 (10) (6) 376 364 12 3 Total assets (in € bn) 1 11 10 0 3 11 10 0 3 Assets under Management (in € bn) 1 833 859 (26) (3) 833 859 (26) (3) Net flows (in € bn) (25) 20 (45) N/M (26) 21 (47) N/M Employees (front office full-time equivalent) 1 4,233 3,953 280 7 4,233 3,953 280 7 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 Capital Release Unit (CRU) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues 7 (24) 31 N/M 1 57 (56) (99) Provision for credit losses (3) (25) 22 (87) (7) (32) 25 (79) Noninterest expenses: Compensation and benefits 14 35 (22) (61) 31 75 (44) (59) General and administrative expenses 180 223 (43) (19) 498 681 (183) (27) Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities (1) 1 (2) N/M (1) 1 (2) N/M Total noninterest expenses 192 258 (67) (26) 527 756 (229) (30) Noncontrolling interests 0 0 0 N/M 0 0 0 N/M Profit (loss) before tax (181) (257) 76 (30) (520) (667) 147 (22) Total assets (in € bn) 1 80 167 (88) (52) 80 167 (88) (52) Employees (front office full-time equivalent) 1 217 411 (194) (47) 217 411 (194) (47) N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end Corporate & Other (C&O) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues 679 (1) 680 N/M 187 241 (55) (23) Provision for credit losses 12 (1) 13 N/M 22 (2) 25 N/M Noninterest expenses: Compensation and benefits 805 744 62 8 1,568 1,507 61 4 General and administrative expenses (640) (662) 22 (3) (1,282) (1,270) (12) 1 Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities 0 (0) 0 N/M 0 (0) 0 N/M Total noninterest expenses 165 81 84 103 286 237 49 21 Noncontrolling interests (49) (47) (2) 3 (104) (97) (8) 8 Profit (loss) before tax 551 (34) 585 N/M (17) 104 (121) N/M Employees (full-time equivalent) 1 30,234 29,678 556 2 30,234 29,678 556 2 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end |
Net interest income and net gai
Net interest income and net gains (losses) on financial assets/liabilities at fair value through profit or loss | 6 Months Ended |
Jun. 30, 2022 | |
Net Interest Income and Net Gains (Losses) on Financial Assets/Liabilities at Fair Value through Profit or Loss [Abstract] | |
Disclosure of Net Interest Income and Net Gains (Losses) on Financial Assets/Liabilities at Fair Value through Profit or Loss [text block] | Net interest income and net gains (losses) on financial Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Net interest income 3,364 2,652 6,217 5,448 Trading income 1 1,812 820 2,771 2,281 Net gains (losses) on non-trading financial assets mandatory at fair value through profit or loss (107) 175 37 202 Net gains (losses) on financial assets/liabilities designated at fair value through profit or loss 110 (12) 311 101 Total net gains (losses) on financial assets/liabilities at fair value through profit or loss 1,815 983 3,119 2,584 Total net interest income and net gains (losses) on financial assets/liabilities 2 5,179 3,635 9,336 8,033 Corporate Treasury Services 597 371 1,171 870 Institutional Client Services 117 73 234 155 Business Banking 141 131 281 272 Corporate Bank 856 575 1,686 1,297 FIC Sales & Trading 2,356 1,775 5,156 4,153 Remaining Products (196) (7) (227) (39) Investment Bank 2,160 1,768 4,929 4,114 Private Bank Germany 1,309 776 2,255 1,628 International Private Bank 474 432 904 859 Private Bank 1,783 1,208 3,159 2,487 Asset Management (69) 56 (137) 135 Capital Release Unit (10) (18) (29) 51 Corporate & Other 459 45 (271) (51) Total net interest income and net gains (losses) on financial assets/liabilities 5,179 3,635 9,336 8,033 1 Trading income includes gains and losses from derivatives not qualifying for hedge accounting. 2 Prior year’s comparatives aligned to presentation in the current year. The Governing Council of the ECB decided on a number of modifications to the terms and conditions of its Targeted Longer-term Refinancing Operations III (“TLTRO III”)-refinancing program in order to support further the provision of credit to households and firms in the face of the current economic disruption and heightened uncertainty caused by the COVID-19 pandemic. The base interest rate under the TLTRO III is the average of the main refinancing operations rate with the exception of the period from June 24, 2020 to June 23, 2022, when a discount of 50 0 % 0.5% 0.5% 0 % € 44.7 billion € 40.8 billion The Group considers the benefits that arise from borrowing under TLTRO III as government grant from a below-market loan under IAS 20. The income from the government grant is recognized in interest income in the period in which the grant is intended to compensate the Group for the related borrowing costs. The Group previously accounted for all TLTRO III related benefits as government grant in the scope of IAS 20. In March 2022 the IASB approved the IFRS Interpretations Committee (IFRS IC) final agenda decision on accounting for TLTRO which clarified the accounting for below-market loans in the scope of IAS 20. The agenda decision stated that the component that is subject to IAS 20 is limited to the difference between the initial carrying amount of the financial liability that arises from borrowing under TLTRO III and the proceeds received. The initial carrying amount of the TLTRO III related financial liability differs from the proceeds received where at the time of initial recognition the Group has established reasonable assurance about the future receipt of the related benefits. Any residual benefits are accounted for in line with IFRS 9 under the financial liability’s effective interest rate. Implementation of the IFRS IC agenda decision resulted in an adjustment in the Group’s accounting treatment such that the benefits that arise from the base rate discount continue to be accounted for as government grant under IAS 20, while the benefits that arise from meeting the new lending discounts described above are accounted for under IFRS 9. This is because the Group was unable to establish reasonable assurance of meeting the net lending thresholds under the new lending discounts at the time of initial borrowing. The clarification did not have a material impact to the Group. As a result, for the three months ended June 30, 2022 the Group applied an all-in rate of (1) % € 109 million € 103 million € 223 million € 282 million 50 Interest and similar income included negative interest expense of € 388 million € 255 million € 745 million € 605 million In addition, interest expense included negative interest income of € 192 million € 171 million € 376 million € 402 million |
Commission and fee income
Commission and fee income | 6 Months Ended |
Jun. 30, 2022 | |
Commissions and Fee Income [Abstract] | |
Disclosure of fee and commission income (expense) [text block] | Commissions and fee income Disaggregation of revenues by product type and business segment Three months ended Jun 30, 2022 in € m.(unless stated otherwise) CorporateBank InvestmentBank PrivateBank AssetManagement CapitalRelease Unit Corporate &Other TotalConsolidated Major type of services: Commissions for administration 57 7 67 4 0 (1) 135 Commissions for assets under management 5 0 90 914 (0) 0 1,009 Commissions for other securities 151 0 12 0 0 0 163 Underwriting and advisory fees 7 336 3 0 0 (6) 341 Brokerage fees 4 82 283 20 1 (0) 390 Commissions for local payments 119 0 242 0 0 1 362 Commissions for foreign commercial business 120 8 19 0 0 (1) 145 Commissions for foreign currency/exchange business 5 0 1 0 0 (0) 6 Commissions for loan processing and guarantees 157 72 83 0 1 1 315 Intermediary fees 1 1 142 0 0 2 145 Fees for sundry other customer services 69 90 0 29 0 0 188 Total fee and commissions income 696 596 941 967 3 (4) 3,200 Gross expense (699) Net fees and commissions 2,502 Three months ended Jun 30, 2021 in € m.(unless stated otherwise) CorporateBank InvestmentBank PrivateBank AssetManagement CapitalRelease Unit Corporate &Other TotalConsolidated Major type of services: Commissions for administration 60 10 65 6 1 (1) 141 Commissions for assets under management 4 0 88 844 (0) 0 936 Commissions for other securities 106 0 10 0 0 0 117 Underwriting and advisory fees 9 566 3 0 0 (15) 564 Brokerage fees 5 66 318 22 25 1 |
Gains and losses on derecogniti
Gains and losses on derecognition of financial assets measured at amortized cost | 6 Months Ended |
Jun. 30, 2022 | |
Gain and Losses on derecognition of Financial Assets at Amortized Cost [Abstract] | |
Disclosure - Gain and Losses on derecognition of Financial Assets at Amortized costs [text block] | Gains and losses on derecognition of financial assets measured at amortized cost For the six months ended June 30, 2022, the Group sold financial assets measured at amortized cost of € 78 million € 216 million The table below presents the gains and (losses) arising from derecognition of these securities. Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021¹ Jun 30, 2022 Jun 30, 2021¹ Gains 1 9 3 11 Losses (5) (3) (7) (6) Net gains (losses) from derecognition of securities measured at amortized cost (4) 6 (4) 4 1 |
Restructuring
Restructuring | 6 Months Ended |
Jun. 30, 2022 | |
Restructuring [Abstract] | |
Disclosure of Restructuring [text block] | Restructuring Restructuring is primarily driven by the implementation of the Group’s strategic changes as announced in the third quarter 2019. The Group has defined and is in the process of implementing measures that aim to strengthen the bank, position it for growth and simplify its organizational set-up. The measures also aim to reduce adjusted costs through higher efficiency, by optimizing and streamlining processes, and by exploiting synergies. Restructuring expense is comprised of termination benefits, additional expenses covering the acceleration of deferred compensation awards not yet amortized due to the discontinuation of employment and contract termination costs related to real estate. In the first quarter of 2022, the Group decided to cancel certain measures related to a portion of a restructuring plan in the Private Bank. Hence, the related provision was partly reversed, and the Group recognized a credit of € 43 million In the second quarter of 2022, the underlying assumptions for the restructuring provisions were reviewed resulting in a partial release, and the Group recognized a credit of € 36 million Net restructuring expense by division Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Corporate Bank (2) 5 (2) 17 Investment Bank 2 11 3 12 Private Bank (35) 69 (80) 71 Asset Management 0 1 0 2 Capital Release Unit (1) 1 (1) 1 Corporate & Other 0 (0) 0 (0) Total Net Restructuring Charges (36) 86 (80) 102 Net restructuring expense by type Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Restructuring – Staff related (36) 65 (79) 83 Of which: Termination Payments (42) 63 (85) 81 Retention Acceleration 5 2 6 2 Social Security 0 (0) 0 (0) Restructuring – Non Staff related 1 (0) 20 (1) 19 Total net restructuring Charges (36) 86 (80) 102 1 Contract costs, mainly related to real estate. Provisions for restructuring amounted to € 387 million € 582 million During the six months ended June 30, 2022, 331 Organizational changes Full-time equivalent staff Three months ended Six months ended Corporate Bank 34 53 Investment Bank 13 24 Private Bank 116 197 Asset Management 0 0 Capital Release Unit 0 0 Infrastructure 34 57 Total full-time equivalent staff 197 331 |
Effective tax rate
Effective tax rate | 6 Months Ended |
Jun. 30, 2022 | |
Effective Tax Rate [Abstract] | |
Disclosure of effective tax rate [text block] | Effective tax rate 2022 to 2021 three months comparison Income tax expense in the current quarter was € 561 million € 333 million 22 % 28 % 2022 to 2021 six months comparison Income tax expense in the first six months of 2022 was € 959 million € 995 million 23 % 32 % |
Financial Instruments carried a
Financial Instruments carried at fair value | 6 Months Ended |
Jun. 30, 2022 | |
Financial Instruments carried at Fair Value [Abstract] | |
Disclosure of financial instruments carried at fair value [text block] | Financial instruments carried at fair value Fair value hierarchy The financial instruments carried at fair value have been categorized under the three levels of the IFRS fair value hierarchy as follows: Level 1 – Instruments valued using quoted prices in active markets are instruments where the fair value can be determined directly from prices which are quoted in active, liquid markets and where the instrument observed in the market is representative of that being priced in the Group’s inventory. These include: government bonds, exchange-traded derivatives and equity securities traded on active, liquid exchanges. Level 2 – Instruments valued with valuation techniques using observable market data are instruments where the fair value can be determined by reference to similar instruments trading in active markets, or where a technique is used to derive the valuation but where all inputs to that technique are observable. These include: many OTC derivatives; many investment-grade listed credit bonds; some CDS; many collateralized debt obligations (CDO); and many less-liquid equities. Level 3 – Instruments valued using valuation techniques using market data which is not directly observable are instruments where the fair value cannot be determined directly by reference to market-observable information, and some other pricing technique must be employed. Instruments classified in this category have an element which is unobservable and which has a significant impact on the fair value. These include: more-complex OTC derivatives; distressed debt; highly-structured bonds; illiquid asset-backed securities (ABS); illiquid CDO’s (cash and synthetic); monoline exposures; some private equity placements; many commercial real estate (CRE) loans; illiquid loans; and some municipal bonds. Carrying value of the financial instruments held at fair value1 Jun 30, 2022 Dec 31, 2021 in € m. Quotedprices inactivemarket(Level 1) Valuationtechniqueobservableparameters(Level 2) Valuationtechniqueunobservableparameters(Level 3) Quotedprices inactivemarket(Level 1) Valuationtechniqueobservableparameters(Level 2) Valuationtechniqueunobservableparameters(Level 3) Financial assets held at fair value: Trading assets 40,227 54,204 9,523 51,020 42,561 8,815 Trading securities 40,063 48,922 4,060 50,814 38,108 3,614 Other trading assets 163 5,281 5,462 206 4,453 5,201 Positive market values from derivative financial instruments 4,044 307,421 11,519 4,354 286,337 9,042 Non-trading financial assets mandatory at fair value through profit or loss 2,532 80,808 5,383 2,764 81,304 4,896 Financial assets designated at fair value through profit or loss 0 0 96 0 91 49 Financial assets at fair value through other comprehensive income 13,142 15,789 2,585 13,375 13,302 2,302 Other financial assets at fair value 1,218 (862)2 127 98 9282 78 Total financial assets held at fair value 61,162 457,359 29,232 71,611 424,524 25,182 Financial liabilities held at fair value: Trading liabilities 46,057 12,877 37 48,364 6,272 83 Trading securities 46,056 11,857 33 48,363 5,838 33 Other trading liabilities 1 1,020 4 0 434 49 Negative market values from derivative financial instruments 4,868 287,657 10,958 5,208 272,121 9,781 Financial liabilities designated at fair value through profit or loss 0 57,172 2,928 0 56,728 1,740 Investment contract liabilities 0 494 0 0 562 0 Other financial liabilities at fair value 19 3,8402 (630)3 5 3,0262 (179)3 Total financial liabilities held at fair value 50,943 362,039 13,293 53,576 338,707 11,424 1 Amounts in this table are generally presented on a gross basis, in line with the Group’s accounting policy regarding offsetting of financial instruments, as described in Note 1 “Significant Accounting Policies and Critical Accounting Estimates” of the Annual Report 2021. 2 Predominantly relates to derivatives qualifying for hedge accounting. 3 Relates to derivatives, which are embedded in contracts where the host contract is held at amortized cost but for which the embedded derivative is separated. The separated embedded derivatives may have a positive or a negative fair value but have been presented in this table to be consistent with the classification of the host contract. The separated embedded derivatives are held at fair value on a recurring basis and have been split between the fair value hierarchy classifications. Until June 30, 2022 there were transfers from Level 2 to Level 1 on trading securities (€ 1.5 billion of assets). The assessment of level 1 versus level 2 is based on liquidity testing procedures. During the first half of 2022, increased pricing dispersions due the war in Ukraine resulted in an increase of Level 3 of “Positive market values from derivative financial instruments” and “Negative market values from derivative financial instruments” by approximately € 1.2 billion and € 1.0 billion respectively. Valuation techniques The Group has an established valuation control framework which governs internal control standards, methodologies, valuation techniques and procedures over the valuation process and fair value measurement. The current market conditions including the war in Ukraine required additional focus and review in certain areas, including assessment of bid-offer spreads to ensure they were representative of fair value. The following is an explanation of the valuation techniques used in establishing the fair value of the different types of financial instruments that the Group trades. Sovereign, Quasi-sovereign and Corporate Debt and Equity Securities – Where there are no recent transactions then fair value may be determined from the last market price adjusted for all changes in risks and information since that date. Where a close proxy instrument is quoted in an active market then fair value is determined by adjusting the proxy value for differences in the risk profile of the instruments. Where close proxies are not available then fair value is estimated using more complex modeling techniques. These techniques include discounted cash flow models using current market rates for credit, interest, liquidity and other risks. For equity securities modeling techniques may also include those based on earnings multiples. Mortgage- and Other Asset-Backed Securities (MBS/ABS) include residential and commercial MBS and other ABS including CDOs. ABS have specific characteristics as it has different underlying assets and the issuing entities have different capital structures. The complexity increases further where the underlying assets are themselves ABS, as is the case with many of the CDO instruments. Where no reliable external pricing is available, ABS are valued, where applicable, using either relative value analysis which is performed based on similar transactions observable in the market, or industry standard valuation models incorporating available observable inputs. The industry standard external models calculate principal and interest payments for a given deal based on assumptions that can be independently price tested. The inputs include prepayment speeds, loss assumptions (timing and severity) and a discount rate (spread, yi |
Fair value of financial instrum
Fair value of financial instruments not carried at fair value | 6 Months Ended |
Jun. 30, 2022 | |
Fair Value of Financial Instruments not carried at Fair Value [Abstract] | |
Disclosure of fair value financial instruments not carried at fair value [text block] | This section should be read in conjunction with Note 14 “Fair Value of Financial Instruments not carried at Fair Value” of the Group’s Annual Report 2021. The valuation techniques used to establish fair value for the Group’s financial instruments which are not carried at fair value in the balance sheet are consistent with those outlined in Note 13 “Financial Instruments carried at Fair Value” of the Group’s Annual Report 2021. Financial instruments not carried at fair value are not managed on a fair value basis, for example, retail loans and deposits and credit facilities extended to corporate clients. For these instruments fair values are calculated for disclosure purposes only and do not impact the balance sheet or income statement. Additionally, since the instruments generally do not trade there is significant management judgment required to determine these fair values. Differences in carrying value versus fair value increased as of June 30, 2022 compared to December 31, 2021 due to increases in interest rates. Estimated fair value of financial instruments not carried at fair value on the balance sheet 1 Jun 30, 2022 Dec 31, 2021 in € m. Carrying value Fair value Carrying value Fair value Financial assets: Cash and central bank balances 177,070 177,070 192,021 192,021 Interbank balances (w/o central banks) 7,902 7,902 7,342 7,342 Central bank funds sold and securities purchased under resale agreements 9,121 9,200 8,368 8,429 Securities borrowed 164 164 63 63 Loans 493,904 476,381 472,069 476,674 Other financial assets 123,999 122,606 94,588 94,732 Financial liabilities: Deposits 617,144 617,352 604,396 604,645 Central bank funds purchased and securities sold under repurchase 1,213 1,211 747 745 Securities loaned 8 8 24 24 Other short-term borrowings 5,189 5,187 4,034 4,035 Other financial liabilities 104,746 104,746 81,047 81,047 Long-term debt 143,924 139,669 144,485 146,871 Trust preferred securities 521 481 528 587 1 Amounts are generally presented on a gross basis, in line with the Group’s accounting policy regarding offsetting of financial instruments as described in Note 1 “Significant Accounting Policies and Critical Accounting Estimates” of the Group’s Annual Report 2021. |
Shares issued and outstanding
Shares issued and outstanding | 6 Months Ended |
Jun. 30, 2022 | |
Shares Issued and Outstanding [Abstract] | |
Disclosure of Shares Issued and Outstanding [text block] | Shares issued and outstanding in million Jun 30, 2022 Dec 31, 2021 Shares issued 2,066.8 2,066.8 Shares in treasury 33.8 0.7 Of which: Buyback 33.8 0.7 Other 0.0 0.0 Shares outstanding 2,033.0 2,066.1 |
Allowance for credit losses
Allowance for credit losses | 6 Months Ended |
Jun. 30, 2022 | |
Allowance for Credit Losses [Abstract] | |
Disclosure of allowance for credit losses [text block] | Allowance for credit losses Development of allowance for credit losses for financial assets at amortized cost Six months ended Jun 30, 2022 Allowance for credit losses5 in € m. Stage 1 Stage 2 Stage 3 Stage 3 POCI Total Balance, beginning of year 440 532 3,740 182 4,895 Movements in financial assets including new business 15 177 295 1 488 Transfers due to changes in creditworthiness¹ 79 (85) 6 0 Changes due to modifications that did not result inderecognition Changes in models 0 0 0 0 0 Financial assets that have been derecognized during the period² 0 0 (439) 0 (439) Recovery of written off amounts 0 0 32 3 35 Foreign exchange and other changes 7 11 24 4 46 Balance, end of reporting period 541 634 3,658 190 5,024 Provision for credit losses excluding country risk3,4 94 92 301 1 488 1 Transfers due to changes in creditworthiness” shows the CLA Movements due to stage transfer prior to ECL remeasurement. 2 This position includes charge offs of allowance for credit losses. 3 Movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models add up to Provision for Credit Losses excluding country risk. 4 Credit Loss Provision does include € 29 million reimbursement gain as of June 30, 2022. 5 Allowance for credit losses does not include allowance for country risk amounting to € 12 million as of June 30, 2022. Six months ended Jun 30, 2021 Allowance for credit losses5 in € m. Stage 1 Stage 2 Stage 3 Stage 3 POCI Total Balance, beginning of year 544 648 3,614 139 4,946 Movements in financial assets including new business (201) 101 237 17 154 Transfers due to changes in creditworthiness¹ 98 (113) 15 0 Changes due to modifications that did not result inderecognition Changes in models 0 0 0 0 0 Financial assets that have been derecognized during the period² 0 0 (226) 0 (226) Recovery of written off amounts 0 0 26 8 33 Foreign exchange and other changes 8 (3) (28) 2 (21) Balance, end of reporting period 448 634 3,638 166 4,886 Provision for credit losses excluding country risk3,4 (104) (12) 252 17 154 1 Transfers due to changes in creditworthiness” shows the CLA Movements due to stage transfer prior to ECL remeasurement. 2 This position includes charge offs of allowance for credit losses. 3 The above table breaks down the impact on provision for credit losses from movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models. 4 Credit Loss Provision does include € 5 million reimbursement gain as of June 30, 2021. 5 Allowance for credit losses does not include allowance for country risk amounting to € 4 million as of June 30, 2021. Development of allowance for credit losses for off-balance sheet positions Six months ended Jun 30, 2022 Allowance for credit losses3 in € m. Stage 1 Stage 2 Stage 3 Stage 3 POCI Total Balance, beginning of year 108 111 225 0 443 Movements including new business 25 1 (25) 0 1 Transfers due to changes in creditworthiness1 9 (10) 2 0 Changes in models 0 0 0 0 0 |
IFRS 9 Impairment
IFRS 9 Impairment | 6 Months Ended |
Jun. 30, 2022 | |
IFRS 9 Impairment [Abstract] | |
IFRS 9 Impairment [text block] | IFRS 9 Impairment Model overview During the six months ended June 30, 2022, the Group continued to apply the same IFRS 9 Impairment model as disclosed in Deutsche Bank’s Annual Report 2021. On an ongoing basis and as part of the Group’s overall control and governance framework, the Group assesses at each reporting period whether any overlays to its IFRS 9 model are required. This model monitoring framework considers whether there are risks not captured in the model, such as a sudden change in the macroeconomic environment, and identifies any model limitations or routine model enhancements that have not yet been fully reflected. Overall, the model monitoring framework ensures that the Group reports management’s best estimate of its expected credit losses at each reporting date. Forward-looking information The tables below contain the macroeconomic variables (MEV) included in the application of forward-looking information its IFRS 9 model as of June 30, 2022 and as of December 31, 2021. Macroeconomic variables applied as of June 2022¹ ² Year 1 Year 2 Commodity - Gold 1,906.33 1,803.69 Commodity - WTI 101.54 90.41 Credit - CDX Emerging Markets 316.16 309.44 Credit - CDX High Yield 501.57 487.05 Credit - CDX IG 84.69 80.86 Credit - High Yield Index 4.78 4.56 Credit - ITX Europe 125 97.61 97.24 Equity - MSCI Asia 1,352 1,399 Equity - Nikkei 27,574 29,077 Equity - S&P500 4,216 4,471 GDP - Developing Asia 4.54 % 5.11 % GDP - Emerging Markets 3.62 % 4.35 % GDP - Eurozone 2.87 % 1.87 % GDP - Germany 1.36 % 2.32 % GDP - Italy 1.70 % 1.48 % GDP - USA 2.20 % 1.70 % Real Estate Prices - US CRE Index 367.45 381.42 Unemployment - Eurozone 6.91 % 6.82 % Unemployment - Germany 2.93 % 2.72 % Unemployment - Italy 8.62 % 8.58 % Unemployment - Japan 2.62 % 2.48 % Unemployment - Spain 13.48 % 13.00 % Unemployment - USA 3.60 % 3.81 % 1 2 as of December 2021¹ ² Year 1 Year 2 Commodity - Gold 1,764.58 1,696.51 Commodity - WTI 73.19 68.21 Credit - CDX Emerging Markets 231.80 268.64 Credit - CDX High Yield 353.42 399.62 Credit - CDX IG 59.53 63.98 Credit - High Yield Index 3.95 4.46 Credit - ITX Europe 125 61.37 69.93 Equity - MSCI Asia 1,543 1,514 Equity - Nikkei 29,673 30,764 Equity - S&P500 4,777 5,033 GDP - Developing Asia 3.78 % 6.26 % GDP - Emerging Markets 3.72 % 5.38 % GDP - Eurozone 4.67 % 2.91 % GDP - Germany 3.35 % 2.86 % GDP - Italy 5.17 % 2.33 % GDP - USA 4.46 % 2.79 % Real Estate Prices - US CRE Index 348.86 377.26 Unemployment - Eurozone 7.41 % 7.07 % Unemployment - Germany 3.13 % 2.83 % Unemployment - Italy 9.18 % 8.92 % Unemployment - Japan 2.73 % 2.53 % Unemployment - Spain 14.26 % 13.66 % Unemployment - USA 4.05 % 3.68 % 1 2 Overlays applied to the IFRS 9 model output Development of overlays from December 31, 2021 to June 30, 2022 in € m. (unless stated otherwise) Overlays as of Dec 31, 2021 Changes in the first quarter 2022 Changes in the second quarter 2022 Overlays as of Jun 30, 2022 Overlay description Impact on Construction Risk following increased prices for building materials Mortgage portfolios in the Private Bank in Stage 1 and 2 15 (15) 0 0 Model calibration (MEV outside calibrated range of the FLI model) Financial assets in Stage 1 and 2 56 (16) (40) 0 Recalibrations required due to the new Definition of Default Financial assets primarily in the Private Bank in Stage 3 (57) (35) 0 (92) Uncertainty related to Russia/Ukraine in the first quarter 2022 All financial assets in Stage 1 and 2 0 44 (44) 0 Uncertainty related to Russia/Ukraine in the second quarter 2022 All financial assets in Stage 1 and 2 0 0 83 83 Model calibration (WTI oil price Index disabled for one portfolio) Financial assets in Stage 1 and 2 in the Investment Bank 0 42 (3) 39 Total 14 20 (4) 30 The Group applied the following overlays to its IFRS 9 model output as of December 31, 2021 until June 30, 2022. Construction Risk following increased prices for building materials The Group decided to release the € 15 million Model calibration (MEV outside the calibrated range) The Group applied a management overlay to address the model uncertainty associated with extreme year on year MEV projections from the economic forecast, in particular GDPs, which are identified as being outside the calibrated range of the FLI model. Since the model was not calibrated based on such extreme MEV movements, it was management’s view that the model underestimated expected credit losses in such situations. As of December 31, 2021, the overlay was € 56 million € 16 million € 40 million Recalibrations required due to the new Definition of Default In the third quarter of 2021, the Group implemented the new Definition of Default which is the trigger for Stage 3 in the Group’s IFRS 9 framework. The implementation of the new Definition of Default mainly affected the Private Bank, where the Stage 3 population in the homogeneous portfolios increased. As an adjustment in the Definition of Default is not expected to materially change the total loss expectation related to this portfolio, management is of the view that this change resulted in an overstatement of Stage 3 provisions and did not reflect management’s loss expectations for the impacted portfolios as the Loss Given Default (LGD) parameter had not yet been updated in the model. The LGD settings are reviewed on an annual basis with independent validation performed by the Model Risk Management function, and the next recalibration is only expected to occur in the second half of 2022 once empirical data is available for a statistical recalibration, and consequently an overlay continues to be recorded to address the expected LGD recalibration effects. The estimate of the recalibration effect has been refined in the first quarter 2022 and was increased to € 92 million € 92 million Uncertainty related to Russia/Ukraine In the first quarter 2022, the Group introduced a management overlay amounting to € 44 million Towards the end of June 2022, the macro-economic outlook weakened further. The main reason was the growing concerns over the gas supply from Russia to Europe (Germany in particular), as well as market expectation of significantly more aggressive monetary tightening in the U.S. and other markets to combat persistent inflation. Both developments accelerated in late June and resulted in € 135 million € 83 million The overlay was computed by applying a downward shift in the MEVs feeding into the IFRS 9 model. The downward shift across all MEVs is 50 Model calibration (WTI oil price Index) The Group introduced a management overlay to address methodological considerations related to the incorporation of forward-looking information for oil prices in the ECL calculation. In the past, increases in oil prices were typically demand driven and reflective of a positive economic environment, which is why the IFRS 9 model was designed to release ECL provisions in this scenario. However, the increase in oil prices in first quarter 2022 was driven by expected supply risks and associated geopolitical developments because of the war in Ukraine and a worsening economic environment. Although higher oil prices tend to always have a positive effect on industries such as oil and gas producers, higher oil prices driven by supply issues generally have a negative impact on many other industries and portfolios. Therefore, an overlay was recorded in the amount of € 42 million € 39 million Considering the existing and newly recorded overlays, the IFRS 9 provision reflects management’s best estimate of its expected credit losses at the end of the second quarter 2022. Model sensitivity The sensitivity of the ECL model with respect to potential changes in projections for key MEVs is shown in the tables below, which provides ECL impacts for Stages 1 and 2 from one sigma downward and upward shifts applied separately to each group of MEV as of June 30, 2022 and December 31, 2021. Each of these groups consists of MEVs from the same category: – – – – – – The sensitivity analysis below only includes the impact of the aggregated MEV group (i.e. potential correlation between different MEV groups or the impact of management overlays is not taken into consideration). Due to the economic uncertainty from the effects of the war in Ukraine, potential gas supply issues from Russia to Europe, and tightening monetary policy by central banks, the MEV’s have deteriorated as of June 30, 2022 compared to December 31, 2021. ECL for Stage 3 is not affected and not reflected in the following tables as its calculation is independent of the macroeconomic scenarios. Model sensitivity Jun 30, 2022 Upward sensitivity Downward sensitivity Upward shift ECL impact Downward shift ECL impact GDP growth rates 1pp (66.7) (1)pp 73.3 Unemployment rates (0.5)pp (30.6) 0.5pp 35.8 Real estate prices 5% (5.3) (5)% 6.0 Equities 10% (11.6) (10)% 14.7 Credit spreads (40)% (38.3) 40% 44.3 Commodities¹ 10% (20.0) (10)% 20.1 1 ECL impacts for Stages 1 and 2 are determined from one sigma downward and upward shift. A sigma shift is a standard deviation used in statistics and probability calculations and is a measure of the dispersion of the values of a random variable December 31, 2021 Upward sensitivity Downward sensitivity Upward shift ECL impact Downward shift ECL impact GDP growth rates 1pp (49.4) (1)pp 55.5 Unemployment rates (0.5)pp (23.8) 0.5pp 25.4 Real estate prices 5% (3.9) (5)% 4.2 Equities 10% (7.2) (10)% 9.4 Credit spreads (40)% (20.9) 40% 23.5 Commodities¹ 10% (15.0) (10)% 16.2 1 The Group has considered a variety of scenarios to assess a downside scenario if the Russian gas supply to Europe is completely shut off, including information from the ECB’s published downside scenario. The Group’s estimated downside forecast assumes the negative impact to begin in 2022, if an immediate gas supply shutdown occurs, with further impacts to materialize in subsequent periods. Based on such factors, the Group estimates that if such an event occurs it will potentially result in additional allowances for credit losses of up to approximately 20 IFRS 9 Model results In the first six months of 2022, the provision for credit losses was € 525 million € 144 million € 233 million € 292 million In regard to the Business Divisions, the Corporate Bank recorded loan loss provisions of € 56 million € 20 million € 72 million € 2 million € 96 million € 117 million |
Exposure to Russia
Exposure to Russia | 6 Months Ended |
Jun. 30, 2022 | |
Exposure to Russia [Abstract] | |
Exposure to Russia [text block] | Exposure to Russia One of management’s key focus areas in the first half of 2022 was the identification and assessment of direct and indirect impacts from the war in Ukraine. Since 2014, the Group has significantly reduced its footprint in Russia due to the heightened risk of sanctions and potential countermeasures. The Bank has continued to reduce its risk positions through the first half of 2022 as a result of active exposure management, client repayments and roll-offs from guarantees. As of June 30, 2022, the Group’s loan exposure to Russia amounted to € 1.3 billion € 1.4 billion 0.3 0.3 € 0.5 billion € 0.6 billion € 0.4 billion € 1.0 billion As of June 30, 2022, the Group had € 0.1 billion € 0.5 billion The Bank’s overall net loan exposure to Ukraine is € 0.1 billion € 0.1 billion The broader geopolitical implications of the war in Ukraine remain uncertain, which has led to a further deterioration in the economic outlook and strongly rising inflationary pressures. The Group has assessed the impacts of the conflict on inputs to Deutsche Bank’s IFRS 9 model and recorded two new overlays in the first half of 2022 to address the increased uncertainty. These overlays are described in more detail in the section “Overlays applied to IFRS 9 model output”. In addition to the overlays, some of the aforementioned factors have resulted in immediate portfolio impacts in the first half of 2022, including negative rating migration on Russian names, resulting in higher credit risk weighted assets, as well as moderate increases in provisions for credit losses and higher impacts from prudential valuation. More broadly, in instances where there is a concern that counterparty credit quality has deteriorated or appears likely to deteriorate, the respective exposure has been placed on the “watchlist” and included in Stage 2. The objective of this early warning system is to address potential problems while adequate options for action are still available. As of June 30, 2022, beyond Russian names which have been added to the watchlist, the Group has not observed any material structural credit deterioration across other portfolios or industries. The following table provides an overview of total Russian exposures, including overnight deposits with the Central Bank of Russia in the amount of € 0.6 billion € 0.5 billion Breakdown of total exposure and allowance for credit losses by stages Jun 30, 2022 Dec 31, 2021 in € m. Total Exposure Allowance for Credit Losses 1 Total collateral and guarantees Total Exposure Allowance for Credit Losses 1 Total collateral and guarantees Stage 1 732 0 237 3,198 1 648 Stage 2 1,560 25 614 332 2 263 Stage 3 291 59 125 3 0 2 Total 2,583 84 977 3,534 3 913 1 Total Exposure of € 2.6 billion € 1.3 billion € 0.4 billion € 0.6 billion Market Risk The Group has managed its market risk to Russia by performing regular risk assessments of its risk profile. To mitigate a broader contagion risk, action was taken to reduce direct exposure prior to and immediately after events unfolded. This was achieved by entering into additional hedges and selective de-risking. The Group continues to closely monitor the situation by performing further contagion stress testing on different scenarios. On June 1, 2022 the Credit Committee agreed a Russian credit event had occurred on the non-payment of interest. As of June 30, 2022, we have overall low levels of direct market risk exposure to Russia. Russian operations The Group has an operating subsidiary in Russia, OOO "Deutsche Bank" (DB Moscow), which provides corporate banking services to local subsidiaries of international companies. As of June 30, 2022, the Group’s total capital position in Russia was € 0.4 billion € 0.2 billion 45 80 € 1.6 billion € 1.5 billion € 0.6 billion € 0.5 billion The Group also operates a technology service centre in Russia, OOO Deutsche Bank TechCentre (DBTC), which is one of several technology centers around the world. DBTC is focused on delivering “change-the-bank” activities for the Investment Bank and Corporate Bank. The Group continues to de-risk its operations in DBTC by reassigning tasks to other technology centers around the world. We have stress-tested the ability of the bank’s other technology centers around the world, including in Asia, to cover the Russian service center’s development capabilities. There is no data or code in the Russian TechCentre. The Group has announced that it will establish its next Technology Centre in Berlin, Germany. The center will primarily support the ambitions of the Investment Bank and Corporate Bank through application development and the integration of new technologies. While the Group will continue to grow the Berlin Technology Centre, there has also been transfer of resources from its Tech centre in Russia to Berlin as it consolidates the hub for Artificial Intelligence and Machine Learning expertise, which represents a key opportunity for the Group to create significant value for its clients and further enhance the efficient running of its operations. The Group has accrued for the committed relocation costs of certain resources from DBTC. Compliance and Anti Financial Crime risks We continue to rapidly adapt to the sanctions landscape that has and continues to evolve after the invasion of Ukraine. After the implementation of sanctions, the Bank reacts with several actions including but not limited to prompt updates of the Bank’s relevant lists for Name List Screening and Transaction Filtering, the formulation and dissemination of guidance to the businesses, engagement with governmental bodies on interpretive issues and the seeking of special licenses to allow for orderly wind-downs of open positions. The AFC function, and specifically its Sanctions & Embargoes department, plays a crucial role in the current situation given the rapidly changing regulatory environment and provides, where needed, up-to-date guidance to the businesses. |
Measures In Context of Covid 19
Measures In Context of Covid 19 | 6 Months Ended |
Jun. 30, 2022 | |
Measures in Context of Covid 19 [Abstract] | |
Measures in Context of Covid 19 [text block] | Measures in context of COVID-19 pandemic Legislative and non-legislative moratoria and public guarantee schemes in light of COVID-19 pandemic In 2020, the European Banking Association (EBA) issued a “Statement on the application of the prudential framework regarding Default, Forbearance and IFRS 9 in light of COVID-19 measures”, along with guidance on legislative and non-legislative moratoria. For additional details on the Statement and guidelines issued by EBA, see Deutsche Bank’s “IFRS 9 – Application of EBA guidance regarding Default, Forbearance and legislative and non-legislative moratoria and public guarantee schemes in light of COVID-19 Pandemic” in Deutsche Bank’s Annual Report 2021. The following table provides an overview of expired loans and advances subject to EBA-compliant moratoria, loans and advances subject to COVID-19 related forbearance measures and newly originated loans and advances subject to a public guarantee scheme in the context of the COVID-19 pandemic as of June 30, 2022 and December 31, 2021. Breakdown of COVID-19 related measures by stages Jun 30, 2022 Legislative and non-legislative Moratoria COVID-19 related forbearance measures Public guarantee schemes in € m. Gross Carrying Amount Expected Credit Losses Gross Carrying Amount Expected Credit Losses Gross Carrying Amount Expected Credit Losses Stage 1 4,779 (7) 2,674 (5) 2,919 (3) Stage 2 1,233 (25) 2,091 (23) 963 (9) Stage 3 669 (167) 698 (69) 129 (24) Total 6,681 (199) 5,463 (98) 4,011 (36) Dec 31, 2021 Legislative and non-legislative Moratoria COVID-19 related forbearance measures Public guarantee schemes in € m. Gross Carrying Amount Expected Credit Losses Gross Carrying Amount Expected Credit Losses Gross Carrying Amount Expected Credit Losses Stage 1 5,381 (10) 3,330 (6) 3,079 (2) Stage 2 1,288 (30) 2,602 (31) 770 (9) Stage 3 698 (162) 965 (122) 103 (14) Total 7,368 (202) 6,897 (158) 3,952 (25) COVID-19 related forbearance measures: As of June 30, 2022, the remaining balance of COVID-19 related forbearance measures was € 5.5 billion 87 EBA-compliant moratoria: As of June 30, 2022, more than 95 Newly originated loans and advances subject to a public guarantee scheme: The Group has € 4.3 billion € 0.30 billion € 1.6 billion € 1.9 billion € 0.5 billion € 2.1 billion € 1.8 billion 97 |
Goodwill and other intangible a
Goodwill and other intangible assets in light of geopolitical events | 6 Months Ended |
Jun. 30, 2022 | |
Goodwill and other intangible assets in light of geopolitical events [Abstract] | |
Goodwill and other intangible assets in light of geopolitical events [text block] | Impact on goodwill and other intangible assets from geopolitical events Goodwill, indefinite and definite life intangible assets are tested for impairment annually in the fourth quarter or more frequently if there are indications that the carrying value may be impaired. Goodwill is tested for impairment purposes on cash-generating unit (CGU) level. Definite life intangible assets are generally tested on CGU level as they do not generate cash inflows that are largely independent of those from other assets. Indefinite life intangible assets are tested at the individual asset level. As of June 30, 2022, an analysis was performed to evaluate if an impairment loss had to be recognized for the Group’s goodwill or the indefinite life intangible asset related to retail investment management agreements (shown under unamortized intangible assets) allocated to the Asset Management CGU. That analysis did not result in an impairment. As part of the analysis, the assumptions and their sensitivities of the annual goodwill impairment test were reviewed and did not indicate an impairment. In addition, the analysis included review of the main input parameters for the retail investment management agreement intangible valuation and did not indicate an impairment either. |
Provisions
Provisions | 6 Months Ended |
Jun. 30, 2022 | |
Provisions [Abstract] | |
Disclosure of provisions [text block] | Provisions As of June 30, 2022, the Group recognized € 2.5 billion (December 31, 2021: € 2.6 billion) in provisions on its balance sheet. These relate to operational risk, civil litigation, regulatory enforcement, restructuring, allowances for credit related off-balance sheet positions and other matters, including bank levies. The consolidated financial statements contained in our Annual Report 2021 describe our provisions as of December 31, 2021, in Note 19 “Allowance for credit losses”, and Note 27 “Provisions”. Civil litigation and regulatory enforcement matters Within provisions as of June 30, 2022, the Group recognized provisions relating to civil litigation of € 0.6 billion (December 31, 2021: € 0.6 billion) and provisions relating to regulatory enforcement matters of € 0.6 billion (December 31, 2021: € 0.5 billion). Civil litigation provisions decreased by € 57 million, primarily because of the release of € 71 million in respect of the BGH customer consents matter. Regulatory enforcement provisions increased by € 165 million, including additional provisions relating to regulatory investigations by the U.S. SEC and CFTC regarding employees’ use of unapproved devices and the firm’s recording-keeping requirements. For some matters for which the Group believes an outflow of funds is probable, no provisions were recognized, as the Group could not reliably estimate the amount of the potential outflow. For the matters for which a reliable estimate can be made, the Group currently estimates that, as of June 30, 2022, the aggregate future loss of which the possibility is more than remote but less than probable is approximately € 1.8 billion for civil litigation matters (December 31, 2021: € 1.7 billion) and € 0.1 billion for regulatory enforcement matters (December 31, 2021: € 0.1 billion). These figures include matters where the Group’s potential liability is joint and several and where the Group expects any such liability to be paid by a third party. For other significant civil litigation and regulatory enforcement matters, the Group believes the possibility of an outflow of funds is more than remote but less than probable, but the amount is not reliably estimable, and accordingly such matters are not included in the contingent liability estimates. For still other significant civil litigation and regulatory enforcement matters, the Group believes the possibility of an outflow of funds is remote and therefore has neither recognized a provision nor included them in the contingent liability estimates. Note 27 “Provisions” to the consolidated financial statements contained in our Annual Report 2021 sets forth, in the section thereof captioned “Current Individual Proceedings”, descriptions as of the date of such consolidated financial statements of civil litigation and regulatory enforcement matters or groups of matters for which the Group has taken material provisions, or for which there are material contingent liabilities that are more than remote, or for which there is the possibility of material business or reputational risk; similar matters are grouped together and some matters consist of a number of proceedings or claims. The disclosed matters include matters for which the possibility of a loss is more than remote but for which the Group cannot reliably estimate the possible loss. |
Long-term debt
Long-term debt | 6 Months Ended |
Jun. 30, 2022 | |
Long-Term Debt and Trust Preferred Securities [Abstract] | |
Disclosure of Long-Term Debt [text block] | Long-term debt in € m. Jun 30, 2022 Dec 31, 2021 Senior debt: Bonds and notes Fixed rate 62,926 63,446 Floating rate 15,657 18,182 Other 53,682 53,960 Subordinated debt: Bonds and notes Fixed rate 9,839 7,191 Floating rate 1,526 1,412 Other 293 293 Total long-term debt 143,924 144,485 |
Credit related commitments and
Credit related commitments and contingent liabilities | 6 Months Ended |
Jun. 30, 2022 | |
Credit related Commitments and Contingent Liabilities [Abstract] | |
Disclosure of commitments and contingent liabilities [text block] | Credit related commitments and contingent liabilities Lending commitments and lending related contingent liabilities In the normal course of business the Group regularly enters into irrevocable lending commitments, including fronting commitments as well as contingent liabilities consisting of financial and performance guarantees, standby letters of credit and indemnity agreements on behalf of its customers. Under these contracts the Group is required to perform under an obligation agreement or to make payments to the beneficiary based on third party’s failure to meet its obligations. For these instruments it is not known to the Group in detail if, when and to what extent claims will be made. In the event that the Group has to pay out cash in respect of its fronting commitments, the Group would immediately seek reimbursement from the other syndicate lenders. The Group considers all the above instruments in monitoring the credit exposure and may require collateral to mitigate inherent credit risk. If the credit risk monitoring provides sufficient perception about a loss from an expected claim, a provision is established and recorded on the balance sheet. The following table shows the Group’s revocable lending commitments, irrevocable lending commitments and lending related contingent liabilities without considering collateral or provisions. It shows the maximum potential utilization of the Group in case all these liabilities entered into must be fulfilled. The table therefore does not show the expected future cash flows from these liabilities as many of them will expire without being drawn and arising claims will be honored by the customers or can be recovered from proceeds of arranged collateral. in € m. Jun 30, 2022 Dec 31, 2021 Irrevocable lending commitments 195,566 177,334 Revocable lending commitments 47,977 49,798 Contingent liabilities 64,899 59,394 Total 308,442 286,525 Other commitments and other contingent liabilities The following table shows the Group’s other irrevocable commitments and other contingent liabilities without considering collateral or provisions. It shows the maximum potential utilization of the Group in case all these liabilities entered into must be fulfilled. The table therefore does not show the expected future cash flows from these liabilities as many of them will expire without being drawn and arising claims will be honored by the customers or can be recovered from proceeds of arranged collateral. in € m. Jun 30, 2022 Dec 31, 2021 Other commitments 125 163 Other contingent liabilities 75 77 Total 200 240 Irrevocable payment commitments with regard to levies Irrevocable payment commitments related to bank levy according to Bank Recovery and Resolution Directive (BRRD), the Single Resolution Fund (SRF) and to the German deposit protection schemes amounted to € 1,198.2 million as of June 30, 2022 and to € 1,078.8 million as of December 31, 2021. |
Related party transactions
Related party transactions | 6 Months Ended |
Jun. 30, 2022 | |
Related Party Transactions [Abstract] | |
Disclosure of related party transactions [text block] | Related party transactions Parties are considered to be related if one party has the ability to directly or indirectly control the other party or exercise significant influence over the other party in making financial or operational decisions. The Group’s related parties include: – key management personnel including close family members and entities which are controlled, significantly influenced by, or for which significant voting power is held by key management personnel or their close family members, – subsidiaries, joint ventures and associates and their respective subsidiaries, and – post-employment benefit plans for the benefit of Deutsche Bank employees. Transactions with key management personnel Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of Deutsche Bank Group, directly or indirectly. The Group considers the members of the Management Board as currently mandated and the Supervisory Board of the parent company to constitute key management personnel for purposes of IAS 24. Among the Group’s transactions with key management personnel as of June 30, 2022, were loans and commitments of € 5 million and deposits of € 13 million. As of December 31, 2021, there were loans and commitments of € 8 million and deposits of € 13 million among the Group’s transactions with key management personnel. In addition, the Group provides banking services, such as payment and account services as well as investment advice, to key management personnel and their close family members. Transactions with subsidiaries, associates and joint ventures Transactions between Deutsche Bank AG and its subsidiaries meet the definition of related party transactions. If these transactions are eliminated on consolidation, they are not disclosed as related party transactions. Transactions between the Group and its associated companies and joint ventures and their respective subsidiaries also qualify as related party transactions. Transactions for subsidiaries, joint ventures and associates are presented combined in below table as these are not material individually. Loans issued and guarantees granted in € m. Jun 30, 2022 Dec 31, 2021 Loans outstanding, beginning of period 153 214 Net movement in loans during the period (50) 159 Changes in the group of consolidated companies 0 0 Exchange rate changes/other1 2 (221) Loans outstanding, end of period1,2 105 153 Other credit risk related transactions: Allowance for loan losses 0 0 Provision for loan losses 0 0 Guarantees and commitments 91 28 1 Prior years' comparatives aligned to presentation in the current year. 2 There were no past due loans as of June 30, 2022 and December 31, 2021. For the above loans, the Group held collateral of € 0 million and € 0 million as of June 30, 2022 and December 31, 2021, respectively. Deposits received in € m. Jun 30, 2022 Dec 31, 2021 Deposits, beginning of period 63 49 Net movement in deposits during the period (23) 14 Changes in the group of consolidated companies 0 0 Exchange rate changes/other 0 0 Deposits, end of period 41 63 Other transactions Trading assets and positive market values from derivative financial transactions with associated companies amounted to € 18 million as of June 30, 2022, and € 2 million as of December 31, 2021. Trading liabilities and negative market values from derivative financial transactions with associated companies were € 0 million as of June 30, 2022, and € 0 million as of December 31, 2021. Other assets related to transactions with associated companies amounted to € 38 million as of June 30, 2022, and € 42 million as of December 31, 2021. Other liabilities related to transactions with associated companies were € 5 million as of June 30, 2022, and € 1 million as of December 31, 2021. Transactions with pension plans The Group has business relationships with a number of pension plans pursuant to which it provides financial services, including investment management. Pension funds may hold or trade Deutsche Bank AG shares or securities. As of June 30, 2022, transactions with these plans were not material for the Group. |
Non-current assets and disposal
Non-current assets and disposal groups held for sale | 6 Months Ended |
Jun. 30, 2022 | |
Components of Other Non-Current Assets and Disposal Groups Held for Sale [Abstract] | |
Disclosure of non-current assets or disposal groups classified as held for sale [text block] | Non-current assets and disposal groups held for sale Within the balance sheet, non-current assets and disposal groups held for sale are reported in Other assets and Other liabilities. This note provides further explanation on the nature and the financial impact of the non-current assets and disposal groups held for sale as of June 30, 2022. Non-current assets and disposal groups held for sale at the reporting date Total assets held for sale amounted to € 908 million as of June 30, 2022 (December 31, 2021: € 398 million) and the disposal groups included liabilities of € 2.1 billion as of June 30, 2022 (December 31, 2021: € 252 million). As of June 30, 2022, there were no unrealized net gains or losses (December 31, 2021: € 0 million) relating to non-current assets and disposal groups classified as held for sale recognized directly in accumulated other comprehensive income (loss). As of June 30, 2022, the assets and liabilities held for sale still included the disposal group formed back in the third quarter 2021 to transfer DWS’ digital investment platform into a joint venture with BlackFin, maintaining a stake of 30 %. Closing of the transaction is still expected for the second half of 2022. In August 2021, Deutsche Bank SpA had signed an agreement to sell its financial advisors network in Italy (Deutsche Bank Financial Advisors) to Zurich Insurance Group Italy. Following the receipt of outstanding substantive approvals, the transaction was considered as a disposal group held for sale within the interim financial statements of the second quarter 2022. Accordingly, as of June 30, 2022 the related balance sheet was reclassified to the assets and liabilities held for sale included in the Private Bank business segment. Closing of the transaction is expected for the second half of 2022. |
IBOR transition
IBOR transition | 6 Months Ended |
Jun. 30, 2022 | |
IBOR transition [Abstract] | |
IBOR transition [Text Block] | Interest rate benchmark reform The following table shows the notional values of financial instruments, external to the Group, which reference IBORs where it is expected that there will no longer be a requirement to quote IBOR rates. The table includes those financial instruments with a maturity date that extends past the date when the requirement to submit quotes is expected to end. All the positions previously referencing GBP LIBOR, CHF LIBOR, JPY LIBOR, EUR LIBOR, EONIA and those USD LIBOR tenors that ceased in early 2022 have either been transitioned to an alternative reference rate or utilize GBP and JPY synthetic IBOR until the transition arrangements are finalized. Contracts utilizing GBP and JPY synthetic LIBOR as of June 30, 2022 had an immaterial impact to the notional values of the group (December 31, 2021: approximately € 1.15 billion Jun 30,2022 in € m. USD IBOR Non-Derivative Financial assets 44,392 Loans 41,563 Other 2,830 Derivative Financial assets 1 3,128,387 Total financial assets 3,172,780 Non-Derivative Financial liabilities 28,081 Bonds 8,284 Deposits 19,637 Other 159 Derivative Financial liabilities 1 3,028,939 Total financial liabilities 3,057,020 Off-balance sheet 59,460 1 The Group also has exposure to interest rate benchmark reform in respect of its cash collateral balances across some of its Credit Support Annex agreements. This exposure is not presented in the table due to its short term nature Dec 31, 2021 in € m. USD IBOR GBP IBOR CHF IBOR JPY IBOR EONIA Other IBORs Multiple basis² Non-Derivative Financial assets 64,584 5,605 182 66 536 469 - Loans 62,403 5,478 182 59 363 469 - Other 2,181 127 - 7 173 - - Derivative Financial assets 1 2,829,421 351,302 47,065 523,527 9,042 40,503 167,050 Total financial assets 2,894,005 356,907 47,247 523,593 9,578 40,971 167,050 Non-Derivative Financial liabilities 17,403 41 - - 689 - - Bonds 6,561 - - - - - - Deposits 10,809 - - - 664 - - Other 32 41 - - 25 - - Derivative Financial liabilities 1 2,669,363 321,430 45,442 502,571 7,151 38,650 144,217 Total financial liabilities 2,686,766 321,471 45,442 502,571 7,840 38,650 144,217 Off-balance sheet 73,166 498 40 95 1,963 33 - 1 The Group also has exposure to interest rate benchmark reform in respect of its cash collateral balances across some of its Credit Support Annex agreements. This exposure is not presented in the table due to its short term nature 2 Multiple basis relates to underlying contracts utilizing multiple benchmarks subject to reforms, (e.g. floating- floating interest rate swaps which have cash flows in GBP IBOR and USD IBOR). |
Capital expenditures and divest
Capital expenditures and divestitures | 6 Months Ended |
Jun. 30, 2022 | |
Capital expenditures and divestitures [Abstract] | |
Disclosure of capital expenditures and divestitures [text block] | Capital expenditures and divestitures During the first six months of 2022, the Group did not make any significant capital expenditures or divestitures. |
Events after the reporting peri
Events after the reporting period | 6 Months Ended |
Jun. 30, 2022 | |
Events after the Reporting Period [Abstract] | |
Disclosure of events after the reporting period [text block] | Events after the reporting period After the reporting date no material events occurred which had a significant impact on our results of operations, financial position and net assets. |
Management Report - Segment Res
Management Report - Segment Results of Operations (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Segment Results of Operations [Abstract] | |
Segment Results of Operations [text block table] | Segment results Three months ended Jun 30, 2022 in € m. Corporate Investment Private Asset Capital Corporate & Total Net revenues 1,551 2,646 2,160 656 7 679 7,699 Provision for credit losses 56 72 96 (0) (3) 12 233 Noninterest expenses: Compensation and benefits 356 588 702 224 14 805 2,690 General and administrative expenses 607 922 933 216 180 (640) 2,217 Impairment of goodwill and other intangible assets 0 0 0 0 0 0 0 Restructuring activities (2) 2 (35) 0 (1) 0 (36) Total noninterest expenses 960 1,512 1,601 440 192 165 4,870 Noncontrolling interests 0 2 (0) 46 0 (49) 0 Profit (loss) before tax 534 1,059 463 170 (181) 551 2,596 N/M – Not meaningful Three months ended Jun 30, 2021 in € m. Corporate Investment Private Asset Capital Corporate & Total Net revenues 1,230 2,394 2,018 626 (24) (1) 6,243 Provision for credit losses (20) 2 117 1 (25) (1) 75 Noninterest expenses: Compensation and benefits 355 532 683 202 35 744 2,551 General and administrative expenses 640 804 1,165 192 223 (662) 2,361 Impairment of goodwill and other intangible assets 0 0 0 0 0 0 0 Restructuring activities 5 11 69 1 1 (0) 86 Total noninterest expenses 1,000 1,347 1,916 395 258 81 4,998 Noncontrolling interests 0 (2) 0 49 0 (47) 0 Profit (loss) before tax 250 1,046 (15) 180 (257) (34) 1,170 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year Six months ended Jun 30, 2022 in € m. Corporate Investment Private Asset Capital Corporate & Total Net revenues 3,012 5,969 4,381 1,338 1 187 14,887 Provision for credit losses 204 108 197 (0) (7) 22 525 Noninterest expenses: Compensation and benefits 708 1,199 1,387 453 31 1,568 5,346 General and administrative expenses 1,274 2,088 1,995 407 498 (1,282) 4,981 Impairment of goodwill and other intangible assets 0 0 0 0 0 0 0 Restructuring activities (2) 3 (80) 0 (1) 0 (80) Total noninterest expenses 1,980 3,290 3,302 861 527 286 10,247 Noncontrolling interests 0 3 (0) 101 0 (104) 0 Profit (loss) before tax 828 2,567 881 376 (520) (17) 4,115 N/M – Not meaningful Six months ended Jun 30, 2021 in € m. Corporate Investment Private Asset Capital Corporate & Total Net revenues 2,543 5,491 4,196 1,263 57 241 13,792 Provision for credit losses (40) 3 215 1 (32) (2) 144 Noninterest expenses: Compensation and benefits 714 1,065 1,402 418 75 1,507 5,183 General and administrative expenses 1,368 1,877 2,253 380 681 (1,270) 5,287 Impairment of goodwill and other intangible assets 0 0 0 0 0 0 0 Restructuring activities 17 12 71 2 1 (0) 102 Total noninterest expenses 2,099 2,954 3,726 800 756 237 10,572 Noncontrolling interests 0 (1) 0 98 0 (97) 0 Profit (loss) before tax 485 2,535 255 364 (667) 104 3,075 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year |
Segment Results of Operations, Corporate Bank [text block table] | Corporate Bank (CB) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues: Corporate Treasury Services 962 737 224 30 1,878 1,545 334 22 Institutional Client Services 394 313 81 26 744 628 116 19 Business Banking 195 179 16 9 390 371 19 5 Total net revenues 1,551 1,230 321 26 3,012 2,543 468 18 Of which: Net interest income 825 543 281 52 1,604 1,250 355 28 Commissions and fee income 622 533 89 17 1,191 1,081 110 10 Remaining income 104 154 (49) (32) 217 213 4 2 Provision for credit losses 56 (20) 76 N/M 204 (40) 244 N/M Noninterest expenses: Compensation and benefits 356 355 1 0 708 714 (6) (1) General and administrative expenses 607 640 (34) (5) 1,274 1,368 (93) (7) Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities (2) 5 (7) N/M (2) 17 (19) N/M Total noninterest expenses 960 1,000 (39) (4) 1,980 2,099 (119) (6) Noncontrolling interests 0 0 0 N/M 0 0 0 N/M Profit (loss) before tax 534 250 285 114 828 485 343 71 Total assets (in € bn) 1 258 245 12 5 258 245 12 5 Loans (gross of allowance for loan losses, in € bn) 1 129 116 12 11 129 116 12 11 Employees (front office full-time equivalent) 1 13,305 13,487 (182) (1) 13,305 13,487 (182) (1) N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end |
Segment Results of Operations, Investment Bank [text block table] | Investment Bank (IB) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues: Fixed Income, Currency (FIC) Sales & Trading 2,385 1,811 574 32 5,225 4,280 944 22 Debt Origination 21 399 (377) (95) 328 784 (456) (58) Equity Origination 45 114 (69) (60) 79 313 (234) (75) Advisory 166 110 55 50 299 182 118 65 Origination & Advisory 232 623 (391) (63) 707 1,279 (572) (45) Other 28 (40) 69 N/M 38 (68) 106 N/M Total net revenues 2,646 2,394 252 11 5,969 5,491 478 9 Provision for credit losses 72 2 70 N/M 108 3 105 N/M Noninterest expenses: Compensation and benefits 588 532 56 11 1,199 1,065 134 13 General and administrative expenses 922 804 118 15 2,088 1,877 211 11 Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities 2 11 (9) (81) 3 12 (9) (73) Total noninterest expenses 1,512 1,347 165 12 3,290 2,954 337 11 Noncontrolling interests 2 (2) 4 N/M 3 (1) 5 N/M Profit (loss) before tax 1,059 1,046 13 1 2,567 2,535 32 1 Total assets (in € bn) 1 706 586 121 21 706 586 121 21 Loans (gross of allowance for loan losses, in € bn) 1 99 75 25 33 99 75 25 33 Employees (front office full-time equivalent) 1 7,206 7,151 55 1 7,206 7,151 55 1 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end |
Segment Results of Operations, Private Bank [text block table] | Private Bank (PB) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues: Private Bank Germany 1,326 1,198 128 11 2,684 2,545 139 5 International Private Bank 834 820 14 2 1,696 1,651 45 3 Premium Banking 235 229 6 3 486 475 11 2 Wealth Management & Bank for Entrepreneurs 598 591 8 1 1,210 1,176 34 3 Total net revenues 2,160 2,018 142 7 4,381 4,196 185 4 Of which: Net interest income 1,274 1,147 127 11 2,457 2,319 138 6 Commissions and fee income 783 737 47 6 1,741 1,626 115 7 Remaining income 102 134 (32) (24) 182 251 (69) (27) Provision for credit losses 96 117 (20) (17) 197 215 (18) (8) Noninterest expenses: Compensation and benefits 702 683 19 3 1,387 1,402 (16) (1) General and administrative expenses 933 1,165 (232) (20) 1,995 2,253 (257) (11) Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities (35) 69 (103) N/M (80) 71 (151) N/M Total noninterest expenses 1,601 1,916 (316) (16) 3,302 3,726 (424) (11) Noncontrolling interests (0) 0 (0) N/M (0) 0 (0) N/M Profit (loss) before tax 463 (15) 478 N/M 881 255 626 N/M Total assets (in € bn) 1 330 305 25 8 330 305 25 8 Loans (gross of allowance for loan losses, in € bn) 1 264 247 17 7 264 247 17 7 Assets under Management (in € bn) 1 528 537 (8) (2) 528 537 (8) (2) Net flows (in € bn) 7 10 (3) (29) 17 21 (4) (19) Employees (front office full-time equivalent) 1 27,720 29,117 (1,397) (5) 27,720 29,117 (1,397) (5) N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end |
Segment Results of Operations, Asset Management [text block table] | Asset Management (AM) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues: Management Fees 619 584 34 6 1,239 1,131 108 10 Performance and transaction fees 31 19 13 69 58 58 (1) (1) Other 6 23 (17) (75) 41 73 (32) (44) Total net revenues 656 626 30 5 1,338 1,263 75 6 Provision for credit losses (0) 1 (2) N/M (0) 1 (1) N/M Noninterest expenses: Compensation and benefits 224 202 21 11 453 418 35 8 General and administrative expenses 216 192 24 13 407 380 27 7 Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities 0 1 (1) (94) 0 2 (1) (76) Total noninterest expenses 440 395 45 11 861 800 61 8 Noncontrolling interests 46 49 (3) (5) 101 98 3 3 Profit (loss) before tax 170 180 (10) (6) 376 364 12 3 Total assets (in € bn) 1 11 10 0 3 11 10 0 3 Assets under Management (in € bn) 1 833 859 (26) (3) 833 859 (26) (3) Net flows (in € bn) (25) 20 (45) N/M (26) 21 (47) N/M Employees (front office full-time equivalent) 1 4,233 3,953 280 7 4,233 3,953 280 7 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 |
Segment Results of Operations, Capital Release Unit [text block table] | Capital Release Unit (CRU) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues 7 (24) 31 N/M 1 57 (56) (99) Provision for credit losses (3) (25) 22 (87) (7) (32) 25 (79) Noninterest expenses: Compensation and benefits 14 35 (22) (61) 31 75 (44) (59) General and administrative expenses 180 223 (43) (19) 498 681 (183) (27) Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities (1) 1 (2) N/M (1) 1 (2) N/M Total noninterest expenses 192 258 (67) (26) 527 756 (229) (30) Noncontrolling interests 0 0 0 N/M 0 0 0 N/M Profit (loss) before tax (181) (257) 76 (30) (520) (667) 147 (22) Total assets (in € bn) 1 80 167 (88) (52) 80 167 (88) (52) Employees (front office full-time equivalent) 1 217 411 (194) (47) 217 411 (194) (47) N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end |
Segment Results of Operations, Corporate & Other [text block table] | Corporate & Other (C&O) Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Absolute Change Jun 30, 2022 Jun 30, 2021 Absolute Change Net revenues 679 (1) 680 N/M 187 241 (55) (23) Provision for credit losses 12 (1) 13 N/M 22 (2) 25 N/M Noninterest expenses: Compensation and benefits 805 744 62 8 1,568 1,507 61 4 General and administrative expenses (640) (662) 22 (3) (1,282) (1,270) (12) 1 Impairment of goodwill and other intangible assets 0 0 0 N/M 0 0 0 N/M Restructuring activities 0 (0) 0 N/M 0 (0) 0 N/M Total noninterest expenses 165 81 84 103 286 237 49 21 Noncontrolling interests (49) (47) (2) 3 (104) (97) (8) 8 Profit (loss) before tax 551 (34) 585 N/M (17) 104 (121) N/M Employees (full-time equivalent) 1 30,234 29,678 556 2 30,234 29,678 556 2 N/M – Not meaningful Prior year’s comparatives aligned to presentation in the current year 1 As of quarter-end |
Net Interest Income and Net G_2
Net Interest Income and Net Gains (Losses) on Financial Assets/Liabilities at Fair Value through Profit or Loss (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Net Interest Income and Net Gains (Losses) on Financial Assets/Liabilities at Fair Value through Profit or Loss [Abstract] | |
Net Interest Income and Net Gains (Losses) on Financial Assets/Liabilities at Fair Value through Profit or Loss [text block table] | 1 Trading income includes gains and losses from derivatives not qualifying for hedge accounting. 2 Prior year’s comparatives aligned to presentation in the current year. |
Commission and Fee Income (Tabl
Commission and Fee Income (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Commissions and Fee Income [Abstract] | |
Disaggregation of revenues by product type and business segment based on IFRS 15 [text block table] | Disaggregation of revenues by product type and business segment Three months ended Jun 30, 2022 in € m. Corporate Investment Private Asset Capital Corporate & Total Major type of services: Commissions for administration 57 7 67 4 0 (1) 135 Commissions for assets under management 5 0 90 914 (0) 0 1,009 Commissions for other securities 151 0 12 0 0 0 163 Underwriting and advisory fees 7 336 3 0 0 (6) 341 Brokerage fees 4 82 283 20 1 (0) 390 Commissions for local payments 119 0 242 0 0 1 362 Commissions for foreign commercial business 120 8 19 0 0 (1) 145 Commissions for foreign currency/exchange business 5 0 1 0 0 (0) 6 Commissions for loan processing and guarantees 157 72 83 0 1 1 315 Intermediary fees 1 1 142 0 0 2 145 Fees for sundry other customer services 69 90 0 29 0 0 188 Total fee and commissions income 696 596 941 967 3 (4) 3,200 Gross expense (699) Net fees and commissions 2,502 Three months ended Jun 30, 2021 in € m. Corporate Investment Private Asset Capital Corporate & Total Major type of services: Commissions for administration 60 10 65 6 1 (1) 141 Commissions for assets under management 4 0 88 844 (0) 0 936 Commissions for other securities 106 0 10 0 0 0 117 Underwriting and advisory fees 9 566 3 0 0 (15) 564 Brokerage fees 5 66 318 22 25 1 437 Commissions for local payments 112 1 151 0 0 3 267 Commissions for foreign commercial business 111 6 25 0 0 (1) 142 Commissions for foreign currency/exchange business 2 0 1 0 0 (0) 3 Commissions for loan processing and guarantees 135 79 74 0 2 0 290 Intermediary fees 2 (1) 154 0 0 2 157 Fees for sundry other customer services 62 128 12 27 (0) 1 230 Total fee and commissions income 609 855 903 899 27 (8) 3,284 Gross expense (711) Net fees and commissions 2,574 Prior years’ comparatives aligned to presentation in the current year Six months ended Jun 30, 2022 in € m. Corporate Investment Private Asset Capital Corporate & Total Major type of services: Commissions for administration 112 13 132 9 0 (1) 265 Commissions for assets under management 10 0 193 1,829 (0) 0 2,032 Commissions for other securities 262 (0) 24 0 0 0 286 Underwriting and advisory fees 19 832 6 0 0 (22) 835 Brokerage fees 11 149 696 36 1 (0) 894 Commissions for local payments 236 2 485 0 0 7 730 Commissions for foreign commercial business 237 14 39 0 0 (2) 288 Commissions for foreign currency/exchange business 10 0 2 0 0 (0) 12 Commissions for loan processing and guarantees 299 130 162 0 1 2 595 Intermediary fees 6 1 330 0 0 6 344 Fees for sundry other customer services 139 173 3 62 1 1 379 Total fee and commissions income 1,341 1,315 2,072 1,937 4 (9) 6,658 Gross expense (1,401) Net fees and commissions 5,257 Six months ended Jun 30, 2021 in € m. Corporate Investment Private Asset Capital Corporate & Total Major type of services: Commissions for administration 120 23 128 11 2 (2) 283 Commissions for assets under management 8 0 176 1,660 (0) 0 1,844 Commissions for other securities 201 (0) 21 1 0 0 222 Underwriting and advisory fees 21 1,151 9 0 (0) (30) 1,151 Brokerage fees 12 129 715 40 58 (0) 954 Commissions for local payments 221 2 385 0 0 5 612 Commissions for foreign commercial business 221 11 50 0 0 (1) 280 Commissions for foreign currency/exchange business 4 0 3 0 0 (0) 6 Commissions for loan processing and guarantees 275 130 151 0 3 2 560 Intermediary fees 7 1 306 0 0 6 321 Fees for sundry other customer services 134 242 23 59 2 2 461 Total fee and commissions income 1,223 1,689 1,965 1,771 65 (18) 6,695 Gross expense (1,382) Net fees and commissions 5,313 Prior years’ comparatives aligned to presentation in the current year |
Gains and Losses on derecogni_2
Gains and Losses on derecognition of Financial Assets at measured at Amortized Cost (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Gain and Losses on derecognition of Financial Assets at Amortized Cost [Abstract] | |
Gain and Losses on derecognition of Financial Assets at Amortized Cost [Table Text] | The table below presents the gains and (losses) arising from derecognition of these securities. Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021¹ Jun 30, 2022 Jun 30, 2021¹ Gains 1 9 3 11 Losses (5) (3) (7) (6) Net gains (losses) from derecognition of securities measured at amortized cost (4) 6 (4) 4 1 |
Restructuring (Tables)
Restructuring (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Restructuring [Abstract] | |
Net Restructuring Expense by Division [text block table] | Net restructuring expense by division Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Corporate Bank (2) 5 (2) 17 Investment Bank 2 11 3 12 Private Bank (35) 69 (80) 71 Asset Management 0 1 0 2 Capital Release Unit (1) 1 (1) 1 Corporate & Other 0 (0) 0 (0) Total Net Restructuring Charges (36) 86 (80) 102 |
Net Restructuring by Type [text block table] | Net restructuring expense by type Three months ended Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Restructuring – Staff related (36) 65 (79) 83 Of which: Termination Payments (42) 63 (85) 81 Retention Acceleration 5 2 6 2 Social Security 0 (0) 0 (0) Restructuring – Non Staff related 1 (0) 20 (1) 19 Total net restructuring Charges (36) 86 (80) 102 1 Contract costs, mainly related to real estate. |
Organizational Changes [text block table] | Organizational changes Full-time equivalent staff Three months ended Six months ended Corporate Bank 34 53 Investment Bank 13 24 Private Bank 116 197 Asset Management 0 0 Capital Release Unit 0 0 Infrastructure 34 57 Total full-time equivalent staff 197 331 |
Financial Instruments carried_2
Financial Instruments carried at Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Financial Instruments carried at Fair Value [Abstract] | |
Carrying Value of The Financial Instruments held at Fair Value [text block table] | Carrying value of the financial instruments held at fair value 1 Jun 30, 2022 Dec 31, 2021 in € m. Quoted Valuation Valuation Quoted Valuation Valuation Financial assets held at fair value: Trading assets 40,227 54,204 9,523 51,020 42,561 8,815 Trading securities 40,063 48,922 4,060 50,814 38,108 3,614 Other trading assets 163 5,281 5,462 206 4,453 5,201 Positive market values from derivative financial instruments 4,044 307,421 11,519 4,354 286,337 9,042 Non-trading financial assets mandatory at fair value through profit or loss 2,532 80,808 5,383 2,764 81,304 4,896 Financial assets designated at fair value through profit or loss 0 0 96 0 91 49 Financial assets at fair value through other comprehensive income 13,142 15,789 2,585 13,375 13,302 2,302 Other financial assets at fair value 1,218 (862) 2 127 98 928 2 78 Total financial assets held at fair value 61,162 457,359 29,232 71,611 424,524 25,182 Financial liabilities held at fair value: Trading liabilities 46,057 12,877 37 48,364 6,272 83 Trading securities 46,056 11,857 33 48,363 5,838 33 Other trading liabilities 1 1,020 4 0 434 49 Negative market values from derivative financial instruments 4,868 287,657 10,958 5,208 272,121 9,781 Financial liabilities designated at fair value through profit or loss 0 57,172 2,928 0 56,728 1,740 Investment contract liabilities 0 494 0 0 562 0 Other financial liabilities at fair value 19 3,840 2 (630) 3 5 3,026 2 (179) 3 Total financial liabilities held at fair value 50,943 362,039 13,293 53,576 338,707 11,424 1 Amounts in this table are generally presented on a gross basis, in line with the Group’s accounting policy regarding offsetting of financial instruments, as described in Note 1 “Significant Accounting Policies and Critical Accounting Estimates” of the Annual Report 2021. 2 Predominantly relates to derivatives qualifying for hedge accounting 3 Relates to derivatives, which are embedded in contracts where the host contract is held at amortized cost but for which the embedded derivative is separated. The separated embedded derivatives may have a positive or a negative fair value but have been presented in this table to be consistent with the classification of the host contract. The separated embedded derivatives are held at fair value on a recurring basis and have been split between the fair value hierarchy classifications |
Reconciliation of Financial Instruments Categorized in Level 3 [text block table] | Reconciliation of financial instruments classified in Level 3 Jun 30, 2022 in € m. Balance, Changes Total 1 Purchases Sales Issu- 2 Settle- 3 Transfers 4 Transfers 4 Balance, Financial assets Trading securities 3,614 0 (316) 1,646 (1,274) 80 (79) 1,174 (785) 4,060 Positive market 9,042 0 (2,034) 0 0 0 13 6,976 (2,477) 11,519 Other trading 5,201 0 37 579 (1,063) 1,431 (660) 505 (567) 5,462 Non-trading financial assets mandatory at fair value through profit or loss 4,896 0 547 162 (61) 1,109 (535) 177 (912) 5,383 Financial assets 49 0 4 0 0 0 (45) 88 0 96 Financial assets at fair value through other comprehensive income 2,302 0 5 5 62 (156) 313 (349) 566 (158) 2,585 Other financial 78 0 0 0 0 0 0 0 49 127 Total financial assets 25,182 0 (1,757) 6,7 2,449 (2,553) 2,932 (1,655) 9,486 (4,851) 29,232 Financial liabilities Trading securities 33 0 (1) 0 0 0 0 0 0 33 Negative market 9,781 0 (2,182) 0 0 0 (254) 5,517 (1,904) 10,958 Other trading 49 0 (45) 0 0 0 0 0 0 4 Financial liabilities 1,740 0 125 0 0 1,163 (129) 80 (50) 2,928 Other financial (179) 0 (485) 0 0 0 (7) 1 40 (630) Total financial 11,424 0 (2,588) 6,7 0 0 1,163 (390) 5,598 (1,914) 13,293 1 2 3 4 5 € 104 million 6 € 537 million € 73 million 7 Jun 30, 2021 in € m. Balance, Changes in Total 1 Purchases Sales Issu- 2 Settle- 3 Transfers 4 Transfers 4 Balance, Financial assets Trading securities 3,066 0 394 1,709 (1,476) 0 (80) 663 (611) 3,666 Positive market 8,725 0 (275) 0 0 0 (465) 2,951 (2,418) 8,518 Other trading 5,117 0 114 497 (1,439) 390 (592) 542 (477) 4,152 Non-trading financial assets mandatory at fair value through profit or loss 4,618 0 229 218 (184) 132 (207) 47 (506) 4,347 Financial assets 0 0 0 0 0 5 0 0 0 6 Financial assets at fair value through other comprehensive income 2,037 0 37 5 43 (22) 338 (236) 274 (220) 2,252 Other financial 20 0 (2) 0 0 0 0 3 (17) 4 Total financial assets 23,583 0 496 6,7 2,468 (3,120) 865 (1,580) 4,479 (4,248) 22,943 Financial liabilities Trading securities 2 0 0 0 0 0 (2) 18 (0) 18 Negative market 8,200 0 (656) 0 0 0 (166) 3,016 (1,464) 8,930 Other trading 0 0 (6) 0 0 0 0 64 0 58 Financial liabilities 960 0 (12) 0 0 45 (202) 180 (93) 878 Other financial (294) 0 95 0 0 0 (8) 2 37 (168) Total financial 8,867 0 (579) 6,7 0 0 45 (378) 3,281 (1,520) 9,717 1 2 3 4 5 € 7 million 6 € 168 million € 16 million 7 |
Sensitivity Analysis by Type of Instrument [text block table] | Breakdown of the sensitivity analysis by type of instrument 1 Jun 30, 2022 Dec 31, 2021 in € m. Positive fair value Negative fair value Positive fair value Negative fair value Securities: Debt securities 384 398 267 256 Commercial mortgage-backed securities 20 16 18 15 Mortgage and other asset-backed securities 10 18 13 9 Corporate, sovereign and other debt securities 353 364 236 233 Equity securities 118 94 94 65 Derivatives: Credit 217 135 163 109 Equity 86 79 105 100 Interest related 267 230 409 232 Foreign exchange 56 47 34 31 Other 273 69 98 82 Loans: Loans 560 434 570 340 Other 0 0 0 0 Total 1,961 1,487 1,739 1,215 1 Where the exposure to an unobservable parameter is offset across different instruments then only the net impact is disclosed in the table. |
Quantitative Information about Fair Value (Level 3) 1 [text block table] | Financial instruments classified in Level 3 and quantitative information about unobservable inputs Jun 30, 2022 Fair value in € m. Assets Liabilities Valuation technique(s) 1 Significant unobservable Range Financial instruments held at fair value – Mortgage- and other asset-backed Commercial mortgage-backed 74 0 Price based Price 0 % 102 % Discounted cash flow Credit spread (bps) 183 1,520 Mortgage- and other asset-backed 76 0 Price based Price 0 % 100 % Discounted cash flow Credit spread (bps) 54 1,500 Recovery rate 0 % 90 % Constant default rate 0 % 12 % Constant prepayment rate 0 % 81 % Total mortgage- and other asset-backed 151 0 Debt securities and other debt 5,138 2,809 Price based Price 0 % 595 % Held for trading 3,729 33 Discounted cash flow Credit spread (bps) 87 601 Corporate, sovereign and other 3,729 Non-trading financial assets mandatory at fair value through profit or loss 1,286 Designated at fair value through profit or loss 0 2,777 Financial assets at fair value through other comprehensive income 123 Equity securities 836 0 Market approach Price per net asset value 0 % 108 % Held for trading 181 0 Enterprise value/EBITDA 5 16 Non-trading financial assets mandatory at fair value through profit or loss 655 Discounted cash flow Weighted average cost capital 9 % 20 % Price based Price 0 % 270 % Loans 8,426 4 Price based Price 0 % 220 % Held for trading 5,131 4 Discounted cash flow Credit spread (bps) 149 2,100 Non-trading financial assets mandatory at fair value through profit or loss 755 Designated at fair value through profit or loss 96 0 Recovery rate 40 % 75 % Financial assets at fair value through other comprehensive income 2,444 Loan commitments 0 21 Discounted cash flow Credit spread (bps) 105 775 Recovery rate 60 % 76 % Loan pricing model Utilization 0 % 100 % Other financial instruments 3,036 2 130 3 Discounted cash flow IRR 7 % 13 % Repo rate (bps.) (18) 330 Total non-derivative financial 17,587 2,965 1 2 € 331 million € 2.7 billion € 17 million 3 € 130 million Dec 31, 2021 Fair value in € m. Assets Liabilities Valuation technique(s) 1 Significant unobservable Range Financial instruments held at fair value – Mortgage- and other asset-backed Commercial mortgage-backed 47 0 Price based Price 0 % 114 % Discounted cash flow Credit spread (bps) 81 1,235 Mortgage- and other asset-backed 81 0 Price based Price 0 % 112 % Discounted cash flow Credit spread (bps) 85 1,495 Recovery rate 0 % 85 % Constant default rate 0 % 2 % Constant prepayment rate 0 % 27 % Total mortgage- and other asset-backed 128 0 Debt securities and other debt 5,074 1,654 Price based Price 0 % 212 % Held for trading 3,383 33 Discounted cash flow Credit spread (bps) 12 571 Corporate, sovereign and other 3,383 Non-trading financial assets mandatory at fair value through profit or loss 1,568 Designated at fair value through profit or loss 0 1,621 Financial assets at fair value through other comprehensive income 123 Equity securities 660 0 Market approach Price per net asset value 0 % 101 % Held for trading 103 0 Enterprise value/EBITDA 5 17 Non-trading financial assets mandatory at fair value through profit or loss 557 Discounted cash flow Weighted average cost capital 6 % 20 % Price based Price 0 % 139 % Loans 8,184 49 Price based Price 0 % 275 % Held for trading 5,188 49 Discounted cash flow Credit spread (bps) 34 2,117 Non-trading financial assets mandatory at fair value through profit or loss 769 Designated at fair value through profit or loss 48 0 Recovery rate 40 % 85 % Financial assets at fair value through other comprehensive income 2,179 Loan commitments 0 7 Discounted cash flow Credit spread (bps) 128 906 Recovery rate 40 % 75 % Loan pricing model Utilization 0 % 100 % Other financial instruments 2,016 2 112 3 Discounted cash flow IRR 7 % 16 % Repo rate (bps.) (27) 400 Total non-derivative financial 16,062 1,823 1 2 € 13 million € 2.0 billion 3 € 112 million |
Quantitative Information about Fair Value (Level 3) 2 [text block table] | 1 Includes derivatives which are embedded in contracts where the host contract is held at amortized cost but for which the embedded derivative is separated. Dec 31, 2021 Fair value in € m. Assets Liabilities Valuation technique(s) Significant unobservable Range Financial instruments held at fair value: Market values from derivative financial Interest rate derivatives 4,725 4,724 Discounted cash flow Swap rate (bps) (80) 817 Inflation swap rate 1 % 5 % Constant default rate 0 % 20 % Constant prepayment rate 4 % 24 % Option pricing model Inflation volatility 0 % 9 % Interest rate volatility 0 % 31 % IR - IR correlation (1) % 99 % Hybrid correlation (70) % 100 % Credit derivatives 686 827 Discounted cash flow Credit spread (bps) 2 6,630 Recovery rate 0 % 40 % Correlation pricing Credit correlation 30 % 63 % Equity derivatives 766 1,749 Option pricing model Stock volatility 25 % 68 % Index volatility 11 % 80 % Index - index correlation 88 % 91 % Stock - stock correlation 0 % 0 % Stock Forwards 0 % 9 % Index Forwards 0 % 5 % FX derivatives 1,816 1,913 Option pricing model Volatility (33) % 59 % Quoted Vol 0 % 0 % Other derivatives 1,127 388 1 Discounted cash flow Credit spread (bps) – – Option pricing model Index volatility 0 % 131 % Commodity correlation 15 % 86 % Total market values from derivative 9,120 9,601 1 |
Unrealized Gains or Losses on Level 3 Instruments Held or in Issue at the Reporting Date [text block table] | Six months ended in € m. Jun 30, 2022 Jun 30, 2021 Financial assets held at fair value: Trading securities (433) 298 Positive market values from derivative financial instruments (1,257) 184 Other trading assets (96) 64 Non-trading financial assets mandatory at fair value through profit or loss 453 156 Financial assets designated at fair value through profit or loss 1 1 Financial assets at fair value through other comprehensive income 0 3 Other financial assets at fair value 13 (3) Total financial assets held at fair value (1,318) 702 Financial liabilities held at fair value: Trading securities 1 0 Negative market values from derivative financial instruments 1,504 159 Other trading liabilities 45 6 Financial liabilities designated at fair value through profit or loss (113) 14 Other financial liabilities at fair value 460 (95) Total financial liabilities held at fair value 1,897 84 Total 579 785 |
Recognitions of Trade Date Profit [text block table] | in € m. Jun 30, 2022 Jun 30, 2021 Balance, beginning of year 462 454 New trades during the period 99 55 Amortization (49) (77) Matured trades (30) (47) Subsequent move to observability (9) (0) Exchange rate changes 4 1 Balance, end of period 477 386 |
Fair Value of Financial Instr_2
Fair Value of Financial Instruments not carried at Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Fair Value of Financial Instruments not carried at Fair Value [Abstract] | |
Estimated Fair Value of the Financial Instruments not carried at Fair Value [text block table] | Estimated fair value of financial instruments not carried at fair value on the balance sheet 1 Jun 30, 2022 Dec 31, 2021 in € m. Carrying value Fair value Carrying value Fair value Financial assets: Cash and central bank balances 177,070 177,070 192,021 192,021 Interbank balances (w/o central banks) 7,902 7,902 7,342 7,342 Central bank funds sold and securities purchased under resale agreements 9,121 9,200 8,368 8,429 Securities borrowed 164 164 63 63 Loans 493,904 476,381 472,069 476,674 Other financial assets 123,999 122,606 94,588 94,732 Financial liabilities: Deposits 617,144 617,352 604,396 604,645 Central bank funds purchased and securities sold under repurchase 1,213 1,211 747 745 Securities loaned 8 8 24 24 Other short-term borrowings 5,189 5,187 4,034 4,035 Other financial liabilities 104,746 104,746 81,047 81,047 Long-term debt 143,924 139,669 144,485 146,871 Trust preferred securities 521 481 528 587 1 Amounts are generally presented on a gross basis, in line with the Group’s accounting policy regarding offsetting of financial instruments as described in Note 1 “Significant Accounting Policies and Critical Accounting Estimates” of the Group’s Annual Report 2021. |
Shares Issued and Outstanding (
Shares Issued and Outstanding (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Shares Issued and Outstanding [Abstract] | |
Shares Issued and Outstanding [text block table] | in million Jun 30, 2022 Dec 31, 2021 Shares issued 2,066.8 2,066.8 Shares in treasury 33.8 0.7 Of which: Buyback 33.8 0.7 Other 0.0 0.0 Shares outstanding 2,033.0 2,066.1 |
Allowance for Credit Losses (Ta
Allowance for Credit Losses (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Allowance for Credit Losses [Abstract] | |
Development Of Allowance For Credit Losses For Financial Assets At Amortized Cost [Text Block Table] | Development of allowance for credit losses for financial assets at amortized cost Six months ended Jun 30, 2022 Allowance for credit losses 5 in € m. Stage 1 Stage 2 Stage 3 Stage 3 POCI Total Balance, beginning of year 440 532 3,740 182 4,895 Movements in financial assets including new business 15 177 295 1 488 Transfers due to changes in creditworthiness¹ 79 (85) 6 0 Changes due to modifications that did not result in Changes in models 0 0 0 0 0 Financial assets that have been derecognized during the period² 0 0 (439) 0 (439) Recovery of written off amounts 0 0 32 3 35 Foreign exchange and other changes 7 11 24 4 46 Balance, end of reporting period 541 634 3,658 190 5,024 Provision for credit losses excluding country risk 3,4 94 92 301 1 488 1 Transfers due to changes in creditworthiness” shows the CLA Movements due to stage transfer prior to ECL remeasurement. 2 This position includes charge offs of allowance for credit losses 3 Movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models add up to Provision for Credit Losses excluding country risk. 4 Credit Loss Provision does include € 29 million 5 Allowance for credit losses does not include allowance for country risk amounting to € 12 million Six months ended Jun 30, 2021 Allowance for credit losses 5 in € m. Stage 1 Stage 2 Stage 3 Stage 3 POCI Total Balance, beginning of year 544 648 3,614 139 4,946 Movements in financial assets including new business (201) 101 237 17 154 Transfers due to changes in creditworthiness¹ 98 (113) 15 0 Changes due to modifications that did not result in Changes in models 0 0 0 0 0 Financial assets that have been derecognized during the period² 0 0 (226) 0 (226) Recovery of written off amounts 0 0 26 8 33 Foreign exchange and other changes 8 (3) (28) 2 (21) Balance, end of reporting period 448 634 3,638 166 4,886 Provision for credit losses excluding country risk 3,4 (104) (12) 252 17 154 1 Transfers due to changes in creditworthiness” shows the CLA Movements due to stage transfer prior to ECL remeasurement. 2 This position includes charge offs of allowance for credit losses. 3 The above table breaks down the impact on provision for credit losses from movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models 4 Credit Loss Provision does include € 5 million 5 Allowance for credit losses does not include allowance for country risk amounting to € 4 million |
Development Of Allowance For Off Balance Sheet Positions [Text Block Table] | Development of allowance for credit losses for off-balance sheet positions Six months ended Jun 30, 2022 Allowance for credit losses 3 in € m. Stage 1 Stage 2 Stage 3 Stage 3 POCI Total Balance, beginning of year 108 111 225 0 443 Movements including new business 25 1 (25) 0 1 Transfers due to changes in creditworthiness 1 9 (10) 2 0 Changes in models 0 0 0 0 0 Foreign exchange and other changes 7 4 9 0 19 Balance, end of reporting period 147 105 211 0 464 of which: Financial guarantees 110 59 132 0 300 Provision for credit losses excluding country risk 2 33 (9) (23) 0 1 1 Transfers due to changes in creditworthiness” shows the CLA Movements due to stage transfer prior to ECL remeasurement 2 The above table breaks down the impact on provision for credit losses from movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models 3 Allowance for credit losses does not include allowance for country risk amounting to € 9 million Six months ended Jun 30, 2021 Allowance for credit losses 3 in € m. Stage 1 Stage 2 Stage 3 Stage 3 POCI Total Balance, beginning of year 144 74 200 0 419 Movements including new business (41) 21 (3) 0 (23) Transfers due to changes in creditworthiness 1 (5) 1 4 0 Changes in models 0 0 0 0 0 Foreign exchange and other changes 2 5 (2) 0 4 Balance, end of reporting period 100 101 199 0 400 of which: Financial guarantees 64 61 143 0 268 Provision for credit losses excluding country risk 2 (46) 22 1 0 (23) 1 Transfers due to changes in creditworthiness” shows the CLA Movements due to stage transfer prior to ECL remeasurement 2 The above table breaks down the impact on provision for credit losses from movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models. 3 Allowance for credit losses does not include allowance for country risk amounting to € 5 million |
IFRS 9 Impairment (Tables)
IFRS 9 Impairment (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
IFRS 9 Impairment [Abstract] | |
IFRS 9 Impairment Forward Looking Information [text block table] | Macroeconomic variables applied as of June 2022¹ ² Year 1 Year 2 Commodity - Gold 1,906.33 1,803.69 Commodity - WTI 101.54 90.41 Credit - CDX Emerging Markets 316.16 309.44 Credit - CDX High Yield 501.57 487.05 Credit - CDX IG 84.69 80.86 Credit - High Yield Index 4.78 4.56 Credit - ITX Europe 125 97.61 97.24 Equity - MSCI Asia 1,352 1,399 Equity - Nikkei 27,574 29,077 Equity - S&P500 4,216 4,471 GDP - Developing Asia 4.54 % 5.11 % GDP - Emerging Markets 3.62 % 4.35 % GDP - Eurozone 2.87 % 1.87 % GDP - Germany 1.36 % 2.32 % GDP - Italy 1.70 % 1.48 % GDP - USA 2.20 % 1.70 % Real Estate Prices - US CRE Index 367.45 381.42 Unemployment - Eurozone 6.91 % 6.82 % Unemployment - Germany 2.93 % 2.72 % Unemployment - Italy 8.62 % 8.58 % Unemployment - Japan 2.62 % 2.48 % Unemployment - Spain 13.48 % 13.00 % Unemployment - USA 3.60 % 3.81 % 1 2 as of December 2021¹ ² Year 1 Year 2 Commodity - Gold 1,764.58 1,696.51 Commodity - WTI 73.19 68.21 Credit - CDX Emerging Markets 231.80 268.64 Credit - CDX High Yield 353.42 399.62 Credit - CDX IG 59.53 63.98 Credit - High Yield Index 3.95 4.46 Credit - ITX Europe 125 61.37 69.93 Equity - MSCI Asia 1,543 1,514 Equity - Nikkei 29,673 30,764 Equity - S&P500 4,777 5,033 GDP - Developing Asia 3.78 % 6.26 % GDP - Emerging Markets 3.72 % 5.38 % GDP - Eurozone 4.67 % 2.91 % GDP - Germany 3.35 % 2.86 % GDP - Italy 5.17 % 2.33 % GDP - USA 4.46 % 2.79 % Real Estate Prices - US CRE Index 348.86 377.26 Unemployment - Eurozone 7.41 % 7.07 % Unemployment - Germany 3.13 % 2.83 % Unemployment - Italy 9.18 % 8.92 % Unemployment - Japan 2.73 % 2.53 % Unemployment - Spain 14.26 % 13.66 % Unemployment - USA 4.05 % 3.68 % 1 2 |
IFRS 9 Development Of Overlays [text block table] | Development of overlays from December 31, 2021 to June 30, 2022 in € m. (unless stated otherwise) Overlays as of Dec 31, 2021 Changes in the first quarter 2022 Changes in the second quarter 2022 Overlays as of Jun 30, 2022 Overlay description Impact on Construction Risk following increased prices for building materials Mortgage portfolios in the Private Bank in Stage 1 and 2 15 (15) 0 0 Model calibration (MEV outside calibrated range of the FLI model) Financial assets in Stage 1 and 2 56 (16) (40) 0 Recalibrations required due to the new Definition of Default Financial assets primarily in the Private Bank in Stage 3 (57) (35) 0 (92) Uncertainty related to Russia/Ukraine in the first quarter 2022 All financial assets in Stage 1 and 2 0 44 (44) 0 Uncertainty related to Russia/Ukraine in the second quarter 2022 All financial assets in Stage 1 and 2 0 0 83 83 Model calibration (WTI oil price Index disabled for one portfolio) Financial assets in Stage 1 and 2 in the Investment Bank 0 42 (3) 39 Total 14 20 (4) 30 |
IFRS 9 Model Sensitivity [text block table] | Model sensitivity Jun 30, 2022 Upward sensitivity Downward sensitivity Upward shift ECL impact Downward shift ECL impact GDP growth rates 1pp (66.7) (1)pp 73.3 Unemployment rates (0.5)pp (30.6) 0.5pp 35.8 Real estate prices 5% (5.3) (5)% 6.0 Equities 10% (11.6) (10)% 14.7 Credit spreads (40)% (38.3) 40% 44.3 Commodities¹ 10% (20.0) (10)% 20.1 1 ECL impacts for Stages 1 and 2 are determined from one sigma downward and upward shift. A sigma shift is a standard deviation used in statistics and probability calculations and is a measure of the dispersion of the values of a random variable December 31, 2021 Upward sensitivity Downward sensitivity Upward shift ECL impact Downward shift ECL impact GDP growth rates 1pp (49.4) (1)pp 55.5 Unemployment rates (0.5)pp (23.8) 0.5pp 25.4 Real estate prices 5% (3.9) (5)% 4.2 Equities 10% (7.2) (10)% 9.4 Credit spreads (40)% (20.9) 40% 23.5 Commodities¹ 10% (15.0) (10)% 16.2 1 |
Breakdown of total exposure and
Breakdown of total exposure and allowance for credit losses by stages to Russia (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Exposure to Russia [Abstract] | |
Breakdown of total exposure and allowance for credit losses by stages [text block table] | Breakdown of total exposure and allowance for credit losses by stages Jun 30, 2022 Dec 31, 2021 in € m. Total Exposure Allowance for Credit Losses 1 Total collateral and guarantees Total Exposure Allowance for Credit Losses 1 Total collateral and guarantees Stage 1 732 0 237 3,198 1 648 Stage 2 1,560 25 614 332 2 263 Stage 3 291 59 125 3 0 2 Total 2,583 84 977 3,534 3 913 1 |
Breakdown Of Covid 19 Related M
Breakdown Of Covid 19 Related Measures by Stages (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Measures in Context of Covid 19 [Abstract] | |
Breakdown Of Covid19 Related Measures By Stages [text block table] | Breakdown of COVID-19 related measures by stages Jun 30, 2022 Legislative and non-legislative Moratoria COVID-19 related forbearance measures Public guarantee schemes in € m. Gross Carrying Amount Expected Credit Losses Gross Carrying Amount Expected Credit Losses Gross Carrying Amount Expected Credit Losses Stage 1 4,779 (7) 2,674 (5) 2,919 (3) Stage 2 1,233 (25) 2,091 (23) 963 (9) Stage 3 669 (167) 698 (69) 129 (24) Total 6,681 (199) 5,463 (98) 4,011 (36) Dec 31, 2021 Legislative and non-legislative Moratoria COVID-19 related forbearance measures Public guarantee schemes in € m. Gross Carrying Amount Expected Credit Losses Gross Carrying Amount Expected Credit Losses Gross Carrying Amount Expected Credit Losses Stage 1 5,381 (10) 3,330 (6) 3,079 (2) Stage 2 1,288 (30) 2,602 (31) 770 (9) Stage 3 698 (162) 965 (122) 103 (14) Total 7,368 (202) 6,897 (158) 3,952 (25) |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Long-Term Debt and Trust Preferred Securities [Abstract] | |
Long-Term Debt [text block table] | Long-term debt in € m. Jun 30, 2022 Dec 31, 2021 Senior debt: Bonds and notes Fixed rate 62,926 63,446 Floating rate 15,657 18,182 Other 53,682 53,960 Subordinated debt: Bonds and notes Fixed rate 9,839 7,191 Floating rate 1,526 1,412 Other 293 293 Total long-term debt 143,924 144,485 |
Credit related Commitments an_2
Credit related Commitments and Contingent Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Credit related Commitments and Contingent Liabilities [Abstract] | |
Commitments and Contingent Liabilities [text block table] | in € m. Jun 30, 2022 Dec 31, 2021 Irrevocable lending commitments 195,566 177,334 Revocable lending commitments 47,977 49,798 Contingent liabilities 64,899 59,394 Total 308,442 286,525 |
Other Commitments and Contingent Liabilities [text block table] | in € m. Jun 30, 2022 Dec 31, 2021 Other commitments 125 163 Other contingent liabilities 75 77 Total 200 240 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Related Party Transactions [Abstract] | |
Loans Issued and Guarantees Granted (Transactions with Subsidiaries, Joint Ventures and Associates) [text block table] | Loans issued and guarantees granted in € m. Jun 30, 2022 Dec 31, 2021 Loans outstanding, beginning of period 153 214 Net movement in loans during the period (50) 159 Changes in the group of consolidated companies 0 0 Exchange rate changes/other 1 2 (221) Loans outstanding, end of period 1,2 105 153 Other credit risk related transactions: Allowance for loan losses 0 0 Provision for loan losses 0 0 Guarantees and commitments 91 28 1 Prior years' comparatives aligned to presentation in the current year. 2 There were no past due loans as of June 30, 2022 and December 31, 2021. For the above loans, the Group held collateral of € 0 million € 0 million |
Deposits Received (Transactions with Subsidiaries, Joint Ventures and Associates) [text block table] | Deposits received in € m. Jun 30, 2022 Dec 31, 2021 Deposits, beginning of period 63 49 Net movement in deposits during the period (23) 14 Changes in the group of consolidated companies 0 0 Exchange rate changes/other 0 0 Deposits, end of period 41 63 |
IBOR Transition (Tables)
IBOR Transition (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
IBOR transition [Abstract] | |
IBOR Transition [Text Block Table] | Jun 30,2022 in € m. USD IBOR Non-Derivative Financial assets 44,392 Loans 41,563 Other 2,830 Derivative Financial assets 1 3,128,387 Total financial assets 3,172,780 Non-Derivative Financial liabilities 28,081 Bonds 8,284 Deposits 19,637 Other 159 Derivative Financial liabilities 1 3,028,939 Total financial liabilities 3,057,020 Off-balance sheet 59,460 1 The Group also has exposure to interest rate benchmark reform in respect of its cash collateral balances across some of its Credit Support Annex agreements. This exposure is not presented in the table due to its short term nature Dec 31, 2021 in € m. USD IBOR GBP IBOR CHF IBOR JPY IBOR EONIA Other IBORs Multiple basis² Non-Derivative Financial assets 64,584 5,605 182 66 536 469 - Loans 62,403 5,478 182 59 363 469 - Other 2,181 127 - 7 173 - - Derivative Financial assets 1 2,829,421 351,302 47,065 523,527 9,042 40,503 167,050 Total financial assets 2,894,005 356,907 47,247 523,593 9,578 40,971 167,050 Non-Derivative Financial liabilities 17,403 41 - - 689 - - Bonds 6,561 - - - - - - Deposits 10,809 - - - 664 - - Other 32 41 - - 25 - - Derivative Financial liabilities 1 2,669,363 321,430 45,442 502,571 7,151 38,650 144,217 Total financial liabilities 2,686,766 321,471 45,442 502,571 7,840 38,650 144,217 Off-balance sheet 73,166 498 40 95 1,963 33 - 1 The Group also has exposure to interest rate benchmark reform in respect of its cash collateral balances across some of its Credit Support Annex agreements. This exposure is not presented in the table due to its short term nature 2 Multiple basis relates to underlying contracts utilizing multiple benchmarks subject to reforms, (e.g. floating- floating interest rate swaps which have cash flows in GBP IBOR and USD IBOR). |
Basis of Preparation_impact of
Basis of Preparation/impact of changes in accounting principles - Basis of Preparation (Detail: Text Values) € in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 EUR (€) | Jun. 30, 2021 EUR (€) | Jun. 30, 2022 EUR (€) | Jun. 30, 2021 EUR (€) | |
Application of the EU carve out version of IAS 39 [Abstract] | ||||
Positive impact on profit before tax | € 1,049 | € 5 | € 910 | € 321 |
Positive impact on profit after tax | € 823 | € 9 | € 717 | € 216 |
Calculation impact on CET capital ratio (in bps) | 19 | 6 |
Impact of changes in accounting
Impact of changes in accounting principles - Strategic Liquidity Reserve Profit and Loss allocation (Detail: Text Value) - EUR (€) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2021 | Jun. 30, 2021 | |
Accounting Policy - Basis of Preparation/ Impact of changes in accounting principles [Abstract] | ||
SLR: Of which Corporate Bank | € 38,000,000 | € 2,400,000 |
SLR: Of which Investment Bank | 27,000,000 | 2,100,000 |
SLR: Of which Private Bank | 15,000,000 | 2,800,000 |
SLR: Of which Capital Release Unit | 3,000,000 | 600,000 |
SLR: Of which Corporate and Other | € 83,000,000 | € 1,100,000 |
Deutsche Bank's Transformation
Deutsche Bank's Transformation - Deutsche Banks Transformation (Detail: Text Values) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 EUR (€) | Jun. 30, 2021 EUR (€) | Jun. 30, 2022 EUR (€) | Jun. 30, 2021 EUR (€) | Dec. 31, 2021 EUR (€) | |
Software impairments [Abstract] | |||||
Completion status of Groups transformation in percentage | 98,000,000 | 98,000,000 | 97,000,000 | ||
Transformation related charges for the Group | € 39,000,000 | € 99,000,000 | € 78,000,000 | € 215,000,000 |
Segment Results - Segment Resul
Segment Results - Segment Results of Operations (Detail) - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |||
Segment Results of Operations [Line Items] | ||||||
Net revenues | € 7,699 | € 6,243 | € 14,887 | € 13,792 | ||
Provision for credit losses | 233 | 75 | 525 | 144 | ||
Noninterest expenses [Abstract] | ||||||
Compensation and benefits | 2,690 | 2,551 | 5,346 | 5,183 | ||
General and administrative expenses | 2,217 | 2,361 | 4,981 | 5,287 | ||
Impairment of goodwill and other intangible assets | 0 | 0 | 0 | 0 | ||
Restructuring activities | (36) | 86 | (80) | 102 | ||
Total noninterest expenses | 4,870 | 4,998 | 10,247 | 10,572 | ||
Noncontrolling interests | 0 | 0 | 0 | 0 | ||
Profit (loss) before tax | 2,596 | 1,170 | 4,115 | 3,075 | ||
Corporate Bank [Member] | ||||||
Segment Results of Operations [Line Items] | ||||||
Net revenues | 1,551 | 1,230 | [1] | 3,012 | 2,543 | [1] |
Provision for credit losses | 56 | (20) | [1] | 204 | (40) | [1] |
Noninterest expenses [Abstract] | ||||||
Compensation and benefits | 356 | 355 | [1] | 708 | 714 | [1] |
General and administrative expenses | 607 | 640 | [1] | 1,274 | 1,368 | [1] |
Impairment of goodwill and other intangible assets | 0 | 0 | [1] | 0 | 0 | [1] |
Restructuring activities | (2) | 5 | [1] | (2) | 17 | [1] |
Total noninterest expenses | 960 | 1,000 | [1] | 1,980 | 2,099 | [1] |
Noncontrolling interests | 0 | 0 | [1] | 0 | 0 | [1] |
Profit (loss) before tax | 534 | 250 | [1] | 828 | 485 | [1] |
Investment Bank [Member] | ||||||
Segment Results of Operations [Line Items] | ||||||
Net revenues | 2,646 | 2,394 | [2] | 5,969 | 5,491 | [2] |
Provision for credit losses | 72 | 2 | [2] | 108 | 3 | [2] |
Noninterest expenses [Abstract] | ||||||
Compensation and benefits | 588 | 532 | [2] | 1,199 | 1,065 | [2] |
General and administrative expenses | 922 | 804 | [2] | 2,088 | 1,877 | [2] |
Impairment of goodwill and other intangible assets | 0 | 0 | [2] | 0 | 0 | [2] |
Restructuring activities | 2 | 11 | [2] | 3 | 12 | [2] |
Total noninterest expenses | 1,512 | 1,347 | [2] | 3,290 | 2,954 | [2] |
Noncontrolling interests | 2 | (2) | [2] | 3 | (1) | [2] |
Profit (loss) before tax | 1,059 | 1,046 | [2] | 2,567 | 2,535 | [2] |
Private Bank [Member] | ||||||
Segment Results of Operations [Line Items] | ||||||
Net revenues | 2,160 | 2,018 | [3] | 4,381 | 4,196 | [3] |
Provision for credit losses | 96 | 117 | [3] | 197 | 215 | [3] |
Noninterest expenses [Abstract] | ||||||
Compensation and benefits | 702 | 683 | [3] | 1,387 | 1,402 | [3] |
General and administrative expenses | 933 | 1,165 | [3] | 1,995 | 2,253 | [3] |
Impairment of goodwill and other intangible assets | 0 | 0 | [3] | 0 | 0 | [3] |
Restructuring activities | (35) | 69 | [3] | (80) | 71 | [3] |
Total noninterest expenses | 1,601 | 1,916 | [3] | 3,302 | 3,726 | [3] |
Noncontrolling interests | 0 | 0 | [3] | 0 | 0 | [3] |
Profit (loss) before tax | 463 | (15) | [3] | 881 | 255 | [3] |
Asset Management [Member] | ||||||
Segment Results of Operations [Line Items] | ||||||
Net revenues | 656 | 626 | [4] | 1,338 | 1,263 | [4] |
Provision for credit losses | 0 | 1 | [4] | 0 | 1 | [4] |
Noninterest expenses [Abstract] | ||||||
Compensation and benefits | 224 | 202 | [4] | 453 | 418 | [4] |
General and administrative expenses | 216 | 192 | [4] | 407 | 380 | [4] |
Impairment of goodwill and other intangible assets | 0 | 0 | [4] | 0 | 0 | [4] |
Restructuring activities | 0 | 1 | [4] | 0 | 2 | [4] |
Total noninterest expenses | 440 | 395 | [4] | 861 | 800 | [4] |
Noncontrolling interests | 46 | 49 | [4] | 101 | 98 | [4] |
Profit (loss) before tax | 170 | 180 | [4] | 376 | 364 | [4] |
Capital Release Unit [Member] | ||||||
Segment Results of Operations [Line Items] | ||||||
Net revenues | 7 | (24) | [5] | 1 | 57 | [5] |
Provision for credit losses | (3) | (25) | [5] | (7) | (32) | [5] |
Noninterest expenses [Abstract] | ||||||
Compensation and benefits | 14 | 35 | [5] | 31 | 75 | [5] |
General and administrative expenses | 180 | 223 | [5] | 498 | 681 | [5] |
Impairment of goodwill and other intangible assets | 0 | 0 | [5] | 0 | 0 | [5] |
Restructuring activities | (1) | 1 | [5] | (1) | 1 | [5] |
Total noninterest expenses | 192 | 258 | [5] | 527 | 756 | [5] |
Noncontrolling interests | 0 | 0 | [5] | 0 | 0 | [5] |
Profit (loss) before tax | (181) | (257) | [5] | (520) | (667) | [5] |
Corporate & Other [Member] | ||||||
Segment Results of Operations [Line Items] | ||||||
Net revenues | 679 | (1) | [6] | 187 | 241 | [6] |
Provision for credit losses | 12 | (1) | [6] | 22 | (2) | [6] |
Noninterest expenses [Abstract] | ||||||
Compensation and benefits | 805 | 744 | [6] | 1,568 | 1,507 | [6] |
General and administrative expenses | (640) | (662) | [6] | (1,282) | (1,270) | [6] |
Impairment of goodwill and other intangible assets | 0 | 0 | [6] | 0 | 0 | [6] |
Restructuring activities | 0 | 0 | [6] | 0 | 0 | [6] |
Total noninterest expenses | 165 | 81 | [6] | 286 | 237 | [6] |
Noncontrolling interests | (49) | (47) | [6] | (104) | (97) | [6] |
Profit (loss) before tax | € 551 | € (34) | [6] | € (17) | € 104 | [6] |
[1] Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year |
Segment Results - Corporate Div
Segment Results - Corporate Divisions - Corporate Bank (Detail) - Corporate Bank [Member] - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2022 | Jun. 30, 2021 | [1] | Jun. 30, 2022 | Jun. 30, 2021 | [1] | ||
Net revenues [Abstract] | |||||||
Corporate Treasury Services | € 962 | € 737 | € 1,878 | € 1,545 | |||
Institutional Client Services | 394 | 313 | 744 | 628 | |||
Business Banking | 195 | 179 | 390 | 371 | |||
Total net revenues | 1,551 | 1,230 | 3,012 | 2,543 | |||
Of which [Abstract] | |||||||
Net interest income | 825 | 543 | 1,604 | 1,250 | |||
Commission and fee income | 622 | 533 | 1,191 | 1,081 | |||
Remaining income | 104 | 154 | 217 | 213 | |||
Provision for credit losses | 56 | (20) | 204 | (40) | |||
Noninterest expenses [Abstract] | |||||||
Compensation and benefits | 356 | 355 | 708 | 714 | |||
General and administrative expenses | 607 | 640 | 1,274 | 1,368 | |||
Impairment of goodwill and other intangible assets | 0 | 0 | 0 | 0 | |||
Restructuring activities | (2) | 5 | (2) | 17 | |||
Total noninterest expenses | 960 | 1,000 | 1,980 | 2,099 | |||
Noncontrolling interests | 0 | 0 | 0 | 0 | |||
Profit (loss) before tax | 534 | 250 | 828 | 485 | |||
Total assets | [2] | 258,000 | 245,000 | 258,000 | 245,000 | ||
Loans gross of allowances for loan losses | [2] | € 129,000 | € 116,000 | € 129,000 | € 116,000 | ||
[1] Prior year’s comparatives aligned to presentation in the current year |
Segment Results - Corporate D_2
Segment Results - Corporate Divisions - Investment Bank (Detail) - Investment Bank [Member] - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||||
Net revenues [Abstract] | |||||||
Fixed Income, Currency (FIC) Sales & Trading | € 2,385 | € 1,811 | € 5,225 | € 4,280 | |||
Equity Origination | 45 | 114 | 79 | 313 | |||
Debt Origination | 21 | 399 | 328 | 784 | |||
Advisory | 166 | 110 | 299 | 182 | |||
Origination and Advisory | 232 | 623 | 707 | 1,279 | |||
Other | 28 | (40) | 38 | (68) | |||
Total net revenues | 2,646 | 2,394 | [1] | 5,969 | 5,491 | [1] | |
Provision for credit losses | 72 | 2 | [1] | 108 | 3 | [1] | |
Noninterest expenses [Abstract] | |||||||
Compensation and benefits | 588 | 532 | [1] | 1,199 | 1,065 | [1] | |
General and administrative expenses | 922 | 804 | [1] | 2,088 | 1,877 | [1] | |
Impairment of goodwill and other intangible assets | 0 | 0 | [1] | 0 | 0 | [1] | |
Restructuring activities | 2 | 11 | [1] | 3 | 12 | [1] | |
Total noninterest expenses | 1,512 | 1,347 | [1] | 3,290 | 2,954 | [1] | |
Noncontrolling interests | 2 | (2) | [1] | 3 | (1) | [1] | |
Profit (loss) before tax | 1,059 | 1,046 | [1] | 2,567 | 2,535 | [1] | |
Total assets | [2] | 706,000 | 586,000 | [1] | 706,000 | 586,000 | [1] |
Loans gross of allowances for loan losses | [2] | € 99,000 | € 75,000 | [1] | € 99,000 | € 75,000 | [1] |
[1] Prior year’s comparatives aligned to presentation in the current year |
Segment Results - Corporate D_3
Segment Results - Corporate Divisions - Private Bank (Detail) - Private Bank [Member] - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||||
Net revenues [Abstract] | |||||||
Private Bank Germany | € 1,326 | € 1,198 | € 2,684 | € 2,545 | |||
International Private Bank | 834 | 820 | 1,696 | 1,651 | |||
Premium Banking | 235 | 229 | 486 | 475 | |||
Wealth Management and Bank for Entrpreneurs | 598 | 591 | 1,210 | 1,176 | |||
Total net revenues | 2,160 | 2,018 | [1] | 4,381 | 4,196 | [1] | |
Of which [Abstract] | |||||||
Net interest income | 1,274 | 1,147 | [1] | 2,457 | 2,319 | [1] | |
Commission and fee income | 783 | 737 | [1] | 1,741 | 1,626 | [1] | |
Remaining income | 102 | 134 | [1] | 182 | 251 | [1] | |
Provision for credit losses | 96 | 117 | [1] | 197 | 215 | [1] | |
Noninterest expenses [Abstract] | |||||||
Compensation and benefits | 702 | 683 | [1] | 1,387 | 1,402 | [1] | |
General and administrative expenses | 933 | 1,165 | [1] | 1,995 | 2,253 | [1] | |
Impairment of goodwill and other intangible assets | 0 | 0 | [1] | 0 | 0 | [1] | |
Restructuring activities | (35) | 69 | [1] | (80) | 71 | [1] | |
Total noninterest expenses | 1,601 | 1,916 | [1] | 3,302 | 3,726 | [1] | |
Noncontrolling interests | 0 | 0 | [1] | 0 | 0 | [1] | |
Profit (loss) before tax | 463 | (15) | [1] | 881 | 255 | [1] | |
Total assets | [2] | 330,000 | 305,000 | [1] | 330,000 | 305,000 | [1] |
Loans gross of allowances for loan losses | [2] | 264,000 | 247,000 | [1] | 264,000 | 247,000 | [1] |
Assets under Management | [2] | 528,000 | 537,000 | [1] | 528,000 | 537,000 | [1] |
Net flows | [2] | € 7,000 | € 10,000 | [1] | € 17,000 | € 21,000 | [1] |
[1] Prior year’s comparatives aligned to presentation in the current year |
Segment Results - Corporate D_4
Segment Results - Corporate Divisions - Asset Management (Detail) - Asset Management [Member] - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |||
Net revenues [Abstract] | ||||||
Management Fees | € 619 | € 584 | € 1,239 | € 1,131 | ||
Performance and transaction fees | 31 | 19 | 58 | 58 | ||
Other | 6 | 23 | 41 | 73 | ||
Total net revenues | 656 | 626 | [1] | 1,338 | 1,263 | [1] |
Provision for credit losses | 0 | 1 | [1] | 0 | 1 | [1] |
Noninterest expenses [Abstract] | ||||||
Compensation and benefits | 224 | 202 | [1] | 453 | 418 | [1] |
General and administrative expenses | 216 | 192 | [1] | 407 | 380 | [1] |
Impairment of goodwill and other intangible assets | 0 | 0 | [1] | 0 | 0 | [1] |
Restructuring activities | 0 | 1 | [1] | 0 | 2 | [1] |
Total noninterest expenses | 440 | 395 | [1] | 861 | 800 | [1] |
Noncontrolling interests | 46 | 49 | [1] | 101 | 98 | [1] |
Profit (loss) before tax | 170 | 180 | [1] | 376 | 364 | [1] |
Total assets | 11,000 | 10,000 | [1] | 11,000 | 10,000 | [1] |
Assets under Management | 833,000 | 859,000 | [1] | 833,000 | 859,000 | [1] |
Net flows | € (25,000) | € 20,000 | [1] | € (26,000) | € 21,000 | [1] |
[1] Prior year’s comparatives aligned to presentation in the current year |
Segment Results - Corporate D_5
Segment Results - Corporate Divisions - Capital Release Unit (Detail) - Capital Release Unit [Member] - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2022 | Jun. 30, 2021 | [1] | Jun. 30, 2022 | Jun. 30, 2021 | [1] | ||
Capital Release Unit [Line Items] | |||||||
Net revenues | € 7 | € (24) | € 1 | € 57 | |||
Provision for credit losses | (3) | (25) | (7) | (32) | |||
Noninterest expenses [Abstract] | |||||||
Compensation and benefits | 14 | 35 | 31 | 75 | |||
General and administrative expenses | 180 | 223 | 498 | 681 | |||
Impairment of goodwill and other intangible assets | 0 | 0 | 0 | 0 | |||
Restructuring activities | (1) | 1 | (1) | 1 | |||
Total noninterest expenses | 192 | 258 | 527 | 756 | |||
Noncontrolling interests | 0 | 0 | 0 | 0 | |||
Profit (loss) before tax | (181) | (257) | (520) | (667) | |||
Total assets | [2] | € 80,000 | € 167,000 | € 80,000 | € 167,000 | ||
[1] Prior year’s comparatives aligned to presentation in the current year |
Segment Results - Corporate D_6
Segment Results - Corporate Divisions - Corporate & Other (Detail) - Corporate & Other [Member] - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2022 | Jun. 30, 2021 | [1] | Jun. 30, 2022 | Jun. 30, 2021 | [1] | |
Corporate & Other [Line Items] | ||||||
Net revenues | € 679 | € (1) | € 187 | € 241 | ||
Provision for credit losses | 12 | (1) | 22 | (2) | ||
Noninterest expenses [Abstract] | ||||||
Compensation and benefits | 805 | 744 | 1,568 | 1,507 | ||
General and administrative expenses | (640) | (662) | (1,282) | (1,270) | ||
Impairment of goodwill and other intangible assets | 0 | 0 | 0 | 0 | ||
Restructuring activities | 0 | 0 | 0 | 0 | ||
Total noninterest expenses | 165 | 81 | 286 | 237 | ||
Noncontrolling interests | (49) | (47) | (104) | (97) | ||
Profit (loss) before tax | € 551 | € (34) | € (17) | € 104 | ||
[1] Prior year’s comparatives aligned to presentation in the current year |
Segment Results - Corporate D_7
Segment Results - Corporate Divisions - Employees Only (Detail) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||||
Corporate Bank [Member] | |||||||
Segment Results of Operations [Line Items] | |||||||
Number of Employees | [1] | 13,305 | 13,487 | [2] | 13,305 | 13,487 | [2] |
Investment Bank [Member] | |||||||
Segment Results of Operations [Line Items] | |||||||
Number of Employees | [3] | 7,206 | 7,151 | [4] | 7,206 | 7,151 | [4] |
Private Bank [Member] | |||||||
Segment Results of Operations [Line Items] | |||||||
Number of Employees | [5] | 27,720 | 29,117 | [6] | 27,720 | 29,117 | [6] |
Asset Management [Member] | |||||||
Segment Results of Operations [Line Items] | |||||||
Number of Employees | 4,233 | 3,953 | [7] | 4,233 | 3,953 | [7] | |
Capital Release Unit [Member] | |||||||
Segment Results of Operations [Line Items] | |||||||
Number of Employees | [8] | 217 | 411 | [9] | 217 | 411 | [9] |
Corporate & Other [Member] | |||||||
Segment Results of Operations [Line Items] | |||||||
Number of Employees | [10] | 30,234 | 29,678 | [11] | 30,234 | 29,678 | [11] |
[1]As of quarter-end[2] Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year |
Net Interest Income and Net G_3
Net Interest Income and Net Gains (Losses) on Financial Assets/Liabilities at Fair Value through Profit or Loss (Detail) - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Net Interest Income and Net Gains (Losses) on Financial Assets/Liabilities at Fair Value through Profit or Loss [Line Items] | |||||
Net interest income | € 3,364 | € 2,652 | € 6,217 | € 5,448 | |
Trading income | [1] | 1,812 | 820 | 2,771 | 2,281 |
Net gains (losses) on non-trading financial assets mandatory at fair value through profit or loss | (107) | 175 | 37 | 202 | |
Net gains (losses) on financial assets/liabilities designated at fair value through profit or loss | 110 | (12) | 311 | 101 | |
Total net gains (losses) on financial assets/liabilities at fair value through profit or loss | 1,815 | 983 | 3,119 | 2,584 | |
Total net interest income and net gains (losses) on financial assets/liabilities at fair value through profit or loss | [2] | 5,179 | 3,635 | 9,336 | 8,033 |
Corporate Bank | 856 | 575 | 1,686 | 1,297 | |
Corporate Treasury Services | 597 | 371 | 1,171 | 870 | |
Institutional Client Services | 117 | 73 | 234 | 155 | |
Business Banking | 141 | 131 | 281 | 272 | |
Investment Bank | 2,160 | 1,768 | 4,929 | 4,114 | |
FIC Sales & Trading | 2,356 | 1,775 | 5,156 | 4,153 | |
Remaining Products | (196) | (7) | (227) | (39) | |
Private Bank | 1,783 | 1,208 | 3,159 | 2,487 | |
Private Bank Germany | 1,309 | 776 | 2,255 | 1,628 | |
International Private Bank | 474 | 432 | 904 | 859 | |
Asset Management | (69) | 56 | (137) | 135 | |
Capital Release Unit | (10) | (18) | (29) | 51 | |
Corporate & Other | 459 | 45 | (271) | (51) | |
Total net interest income and net gains (losses) on financial assets/liabilities at fair value through profit or loss | € 5,179 | € 3,635 | € 9,336 | € 8,033 | |
[1]Trading income includes gains and losses from derivatives not qualifying for hedge accounting.[2]Prior year’s comparatives aligned to presentation in the current year. |
Net Interest Income and Net G_4
Net Interest Income and Net Gains (Losses) on Financial Assets/Liabilities at Fair Value through P&L (Detail: Text Values) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 EUR (€) | Jun. 30, 2021 EUR (€) | Jun. 30, 2022 EUR (€) | Jun. 30, 2021 EUR (€) | |
Net Interest Income [Abstract] | ||||
Base Rate discount under the TLTRO III from June 24, 2020 to June 23, 2022 (in basis points) | 50,000,000 | |||
Lending discounts applied under TLTRO III program from June 24, 2020 and June 23, 2021 | 0.005 | |||
Eligible net lending threshold under TLTRO III between March 1, 2020 and March 31, 2021 | 0 | |||
Lending discounts applied under TLTRO III program from June 24, 2021 and June 23, 2022 | 0.005 | |||
Eligible net lending threshold under TLTRO III between October 1, 2020 and December 31, 2021 | 0 | |||
Base Rate discount under the TLTRO III from June 24, 2021 to June 23, 2022 (in basis points) | 50,000,000 | |||
All in rate applied by the Group under the TLTRO III program | € (0.01) | |||
Group borrowing under the TLTRO III-refinancing program June 2022 | 44,700,000,000 | |||
Group borrowing under the TLTRO III-refinancing program June 2021 | 40,800,000,000 | |||
Net interest income related to EU government grants under the Targeted Longer-Term Refinancing Operations III (TLTRO III) program | 109,000,000 | € 103,000,000 | € 223,000,000 | € 282,000,000 |
Negative interest expense included in interest and similar income | 388,000,000 | 255,000,000 | 745,000,000 | 605,000,000 |
Negative interest income included in interest expense | € 192,000,000 | € 171,000,000 | € 376,000,000 | € 402,000,000 |
Commissions and Fee Income - Di
Commissions and Fee Income - Disaggregation of revenues by product type and business segment - based on IFRS 15 (Detail) - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Total Consolidated Segments [Domain Member] | ||||
Major type of services: [Abstract] | ||||
Commissions for administration | € 135 | € 141 | € 265 | € 283 |
Commissions for assets under management | 1,009 | 936 | 2,032 | 1,844 |
Commissions for other securities | 163 | 117 | 286 | 222 |
Underwriting and advisory fees | 341 | 564 | 835 | 1,151 |
Brokerage fees | 390 | 437 | 894 | 954 |
Commissions for local payments | 362 | 267 | 730 | 612 |
Commissions for foreign commercial business | 145 | 142 | 288 | 280 |
Commissions for foreign currency/exchange business | 6 | 3 | 12 | 6 |
Commissions for loan processing and guarantees | 315 | 290 | 595 | 560 |
Intermediary fees | 145 | 157 | 344 | 321 |
Fees for sundry other customer services | 188 | 230 | 379 | 461 |
Total fee and commissions income | 3,200 | 3,284 | 6,658 | 6,695 |
Gross expense | (699) | (711) | (1,401) | (1,382) |
Net fees and commissions | 2,502 | 2,574 | 5,257 | 5,313 |
Corporate Bank [Member] | ||||
Major type of services: [Abstract] | ||||
Commissions for administration | 57 | 60 | 112 | 120 |
Commissions for assets under management | 5 | 4 | 10 | 8 |
Commissions for other securities | 151 | 106 | 262 | 201 |
Underwriting and advisory fees | 7 | 9 | 19 | 21 |
Brokerage fees | 4 | 5 | 11 | 12 |
Commissions for local payments | 119 | 112 | 236 | 221 |
Commissions for foreign commercial business | 120 | 111 | 237 | 221 |
Commissions for foreign currency/exchange business | 5 | 2 | 10 | 4 |
Commissions for loan processing and guarantees | 157 | 135 | 299 | 275 |
Intermediary fees | 1 | 2 | 6 | 7 |
Fees for sundry other customer services | 69 | 62 | 139 | 134 |
Total fee and commissions income | 696 | 609 | 1,341 | 1,223 |
Investment Bank [Member] | ||||
Major type of services: [Abstract] | ||||
Commissions for administration | 7 | 10 | 13 | 23 |
Commissions for assets under management | 0 | 0 | 0 | 0 |
Commissions for other securities | 0 | 0 | 0 | 0 |
Underwriting and advisory fees | 336 | 566 | 832 | 1,151 |
Brokerage fees | 82 | 66 | 149 | 129 |
Commissions for local payments | 0 | 1 | 2 | 2 |
Commissions for foreign commercial business | 8 | 6 | 14 | 11 |
Commissions for foreign currency/exchange business | 0 | 0 | 0 | 0 |
Commissions for loan processing and guarantees | 72 | 79 | 130 | 130 |
Intermediary fees | 1 | (1) | 1 | 1 |
Fees for sundry other customer services | 90 | 128 | 173 | 242 |
Total fee and commissions income | 596 | 855 | 1,315 | 1,689 |
Private Bank [Member] | ||||
Major type of services: [Abstract] | ||||
Commissions for administration | 67 | 65 | 132 | 128 |
Commissions for assets under management | 90 | 88 | 193 | 176 |
Commissions for other securities | 12 | 10 | 24 | 21 |
Underwriting and advisory fees | 3 | 3 | 6 | 9 |
Brokerage fees | 283 | 318 | 696 | 715 |
Commissions for local payments | 242 | 151 | 485 | 385 |
Commissions for foreign commercial business | 19 | 25 | 39 | 50 |
Commissions for foreign currency/exchange business | 1 | 1 | 2 | 3 |
Commissions for loan processing and guarantees | 83 | 74 | 162 | 151 |
Intermediary fees | 142 | 154 | 330 | 306 |
Fees for sundry other customer services | 0 | 12 | 3 | 23 |
Total fee and commissions income | 941 | 903 | 2,072 | 1,965 |
Asset Management [Member] | ||||
Major type of services: [Abstract] | ||||
Commissions for administration | 4 | 6 | 9 | 11 |
Commissions for assets under management | 914 | 844 | 1,829 | 1,660 |
Commissions for other securities | 0 | 0 | 0 | 1 |
Underwriting and advisory fees | 0 | 0 | 0 | 0 |
Brokerage fees | 20 | 22 | 36 | 40 |
Commissions for local payments | 0 | 0 | 0 | 0 |
Commissions for foreign commercial business | 0 | 0 | 0 | 0 |
Commissions for foreign currency/exchange business | 0 | 0 | 0 | 0 |
Commissions for loan processing and guarantees | 0 | 0 | 0 | 0 |
Intermediary fees | 0 | 0 | 0 | 0 |
Fees for sundry other customer services | 29 | 27 | 62 | 59 |
Total fee and commissions income | 967 | 899 | 1,937 | 1,771 |
Capital Release Unit [Member] | ||||
Major type of services: [Abstract] | ||||
Commissions for administration | 0 | 1 | 0 | 2 |
Commissions for assets under management | 0 | 0 | 0 | 0 |
Commissions for other securities | 0 | 0 | 0 | 0 |
Underwriting and advisory fees | 0 | 0 | 0 | 0 |
Brokerage fees | 1 | 25 | 1 | 58 |
Commissions for local payments | 0 | 0 | 0 | 0 |
Commissions for foreign commercial business | 0 | 0 | 0 | 0 |
Commissions for foreign currency/exchange business | 0 | 0 | 0 | 0 |
Commissions for loan processing and guarantees | 1 | 2 | 1 | 3 |
Intermediary fees | 0 | 0 | 0 | 0 |
Fees for sundry other customer services | 0 | 0 | 1 | 2 |
Total fee and commissions income | 3 | 27 | 4 | 65 |
Corporate & Other [Member] | ||||
Major type of services: [Abstract] | ||||
Commissions for administration | (1) | (1) | (1) | (2) |
Commissions for assets under management | 0 | 0 | 0 | 0 |
Commissions for other securities | 0 | 0 | 0 | 0 |
Underwriting and advisory fees | (6) | (15) | (22) | (30) |
Brokerage fees | 0 | 1 | 0 | 0 |
Commissions for local payments | 1 | 3 | 7 | 5 |
Commissions for foreign commercial business | (1) | (1) | (2) | (1) |
Commissions for foreign currency/exchange business | 0 | 0 | 0 | 0 |
Commissions for loan processing and guarantees | 1 | 0 | 2 | 2 |
Intermediary fees | 2 | 2 | 6 | 6 |
Fees for sundry other customer services | 0 | 1 | 1 | 2 |
Total fee and commissions income | € (4) | € (8) | € (9) | € (18) |
Commissions and Fee Income - _2
Commissions and Fee Income - Disaggregation of revenues by product type and business segment - based on IFRS 15 (Detail: Text values) - EUR (€) € in Millions | Jun. 30, 2022 | Jun. 30, 2021 |
Disaggregation of revenues by product type and business segment - based on IFRS 15 [Abstract] | ||
Balance of receivables from commission and fee income | € 865 | € 914 |
Balance of contract liabilities associated to commission and fee income | € 79 | € 65 |
Gains and Losses on derecogni_3
Gains and Losses on derecognition of Financial Assets measured at Amortized Cost (Detail) - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2022 | Jun. 30, 2021 | [1] | Jun. 30, 2022 | Jun. 30, 2021 | [1] | |
Gain and Losses on derecognition of Financial Assets at Amortized Cost [Abstract] | ||||||
Gains | € 1 | € 9 | € 3 | € 11 | ||
Losses | (5) | (3) | (7) | (6) | ||
Net gains (losses) from derecognition of securities measured at amortized cost | € (4) | € 6 | € (4) | € 4 | ||
[1] 1 |
Gains and Losses on derecogni_4
Gains and Losses on derecognition of Financial Assets measured at Amortized Cost (Detail: Text Value) - EUR (€) € in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Derecognition of Financial Assets at amortized cost [Abstract] | ||
Total Derecognition | € 78 | € 216 |
Restructuring - Net Restructuri
Restructuring - Net Restructuring Expense by Division (Detail) - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |||
Corporate Bank [Member] | ||||||
Net Restructuring Expense by Division [Line Items] | ||||||
Total Net Restructuring Charges | € (2) | € 5 | [1] | € (2) | € 17 | [1] |
Investment Bank [Member] | ||||||
Net Restructuring Expense by Division [Line Items] | ||||||
Total Net Restructuring Charges | 2 | 11 | [2] | 3 | 12 | [2] |
Private Bank [Member] | ||||||
Net Restructuring Expense by Division [Line Items] | ||||||
Total Net Restructuring Charges | (35) | 69 | [3] | (80) | 71 | [3] |
Asset Management [Member] | ||||||
Net Restructuring Expense by Division [Line Items] | ||||||
Total Net Restructuring Charges | 0 | 1 | [4] | 0 | 2 | [4] |
Capital Release Unit [Member] | ||||||
Net Restructuring Expense by Division [Line Items] | ||||||
Total Net Restructuring Charges | (1) | 1 | [5] | (1) | 1 | [5] |
Corporate & Other [Member] | ||||||
Net Restructuring Expense by Division [Line Items] | ||||||
Total Net Restructuring Charges | 0 | 0 | [6] | 0 | 0 | [6] |
Total Net Restructuring Charges [Member] | ||||||
Net Restructuring Expense by Division [Line Items] | ||||||
Total Net Restructuring Charges | € (36) | € 86 | € (80) | € 102 | ||
[1] Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year Prior year’s comparatives aligned to presentation in the current year |
Restructuring - Net Restructu_2
Restructuring - Net Restructuring Expense by Type (Detail) - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Net Restructuring Expense by Type | |||||
Restructuring, Staff related | € (36) | € 65 | € (79) | € 83 | |
of which [Abstract] | |||||
Termination Payments | (42) | 63 | (85) | 81 | |
Retention Acceleration | 5 | 2 | 6 | 2 | |
Social Security | 0 | 0 | 0 | 0 | |
Restructuring, Non Staff related | [1] | 0 | 20 | (1) | 19 |
Total Net Restructuring Charges | € (36) | € 86 | € (80) | € 102 | |
[1]Contract costs, mainly related to real estate. |
Restructuring - Organizational
Restructuring - Organizational Changes (Detail) - Full Time Equivalent Staff [Member] | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 | Jun. 30, 2022 | |
Organizational Changes [Line Items] | ||
Corporate Bank | 34 | 53 |
Investment Bank | 13 | 24 |
Private Bank | 116 | 197 |
Asset Management | 0 | 0 |
Capital Release Unit | 0 | 0 |
Infrastructure | 34 | 57 |
Total Full Time Equivalent Staff | 197 | 331 |
Restructuring - Net Restructu_3
Restructuring - Net Restructuring Expense by Division (Detail: Text Values) - EUR (€) | Jun. 30, 2022 | Dec. 31, 2021 |
Net Restructuring Expense by Division | ||
Provisions for restructuring | € 387 | € 582 |
Restructuring (Detail_ Text val
Restructuring (Detail: Text value) | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2022 EUR (€) | Mar. 31, 2022 EUR (€) | Jun. 30, 2022 | |
Organizational Changes | |||
Release of Provisions in Restructuring due to partial reversal in PB | € 43 | ||
Partial release of Provisions for restructuring from ongoing review of assumptions in 2Q2022 | € 36 | ||
Total Full Time Equivalent Staff Reduced Organizational Changes | 331 |
Effective Tax Rate (Detail_ Tex
Effective Tax Rate (Detail: Text Values) | 3 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Effective Tax Rate [Abstract] | ||
Effective tax rate | 22% | 2,800% |
Financial Instruments carried_3
Financial Instruments carried at Fair Value - Carrying Value of The Financial Instruments held at Fair Value (Detail) - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 | |
Quoted prices in active market (Level 1) | |||
Financial assets held at fair value: | |||
Trading assets | [1] | € 40,227 | € 51,020 |
Trading securities, assets | [1] | 40,063 | 50,814 |
Other trading assets | [1] | 163 | 206 |
Positive market values from derivative financial instruments | [1] | 4,044 | 4,354 |
Non-trading financial assets mandatory at fair value through profit and loss | [1] | 2,532 | 2,764 |
Financial assets designated at fair value through profit or loss | [1] | 0 | 0 |
Financial assets at fair value through other comprehensive income | [1] | 13,142 | 13,375 |
Other financial assets at fair value | [1] | 1,218 | 98 |
Total financial assets held at fair value | [1] | 61,162 | 71,611 |
Financial liabilities held at fair value: | |||
Trading liabilities | [1] | 46,057 | 48,364 |
Trading securities, liabilities | [1] | 46,056 | 48,363 |
Other trading liabilities | [1] | 1 | 0 |
Negative market values from derivative financial instruments | [1] | 4,868 | 5,208 |
Financial liabilities designated at fair value through profit or loss | [1] | 0 | 0 |
Investment contract liabilities | [1] | 0 | 0 |
Other financial liabilities at fair value | [1] | 19 | 5 |
Total financial liabilities held at fair value | [1] | 50,943 | 53,576 |
Valuation technique observable parameters (Level 2) | |||
Financial assets held at fair value: | |||
Trading assets | [1] | 54,204 | 42,561 |
Trading securities, assets | [1] | 48,922 | 38,108 |
Other trading assets | [1] | 5,281 | 4,453 |
Positive market values from derivative financial instruments | [1] | 307,421 | 286,337 |
Non-trading financial assets mandatory at fair value through profit and loss | [1] | 80,808 | 81,304 |
Financial assets designated at fair value through profit or loss | [1] | 0 | 91 |
Financial assets at fair value through other comprehensive income | [1] | 15,789 | 13,302 |
Other financial assets at fair value | [1],[2] | (862) | 928 |
Total financial assets held at fair value | [1] | 457,359 | 424,524 |
Financial liabilities held at fair value: | |||
Trading liabilities | [1] | 12,877 | 6,272 |
Trading securities, liabilities | [1] | 11,857 | 5,838 |
Other trading liabilities | [1] | 1,020 | 434 |
Negative market values from derivative financial instruments | [1] | 287,657 | 272,121 |
Financial liabilities designated at fair value through profit or loss | [1] | 57,172 | 56,728 |
Investment contract liabilities | [1] | 494 | 562 |
Other financial liabilities at fair value | [1],[2] | 3,840 | 3,026 |
Total financial liabilities held at fair value | [1] | 362,039 | 338,707 |
Valuation technique unobservable parameters (Level 3) | |||
Financial assets held at fair value: | |||
Trading assets | [1] | 9,523 | 8,815 |
Trading securities, assets | [1] | 4,060 | 3,614 |
Other trading assets | [1] | 5,462 | 5,201 |
Positive market values from derivative financial instruments | [1] | 11,519 | 9,042 |
Non-trading financial assets mandatory at fair value through profit and loss | [1] | 5,383 | 4,896 |
Financial assets designated at fair value through profit or loss | [1] | 96 | 49 |
Financial assets at fair value through other comprehensive income | [1] | 2,585 | 2,302 |
Other financial assets at fair value | [1] | 127 | 78 |
Total financial assets held at fair value | [1] | 29,232 | 25,182 |
Financial liabilities held at fair value: | |||
Trading liabilities | [1] | 37 | 83 |
Trading securities, liabilities | [1] | 33 | 33 |
Other trading liabilities | [1] | 4 | 49 |
Negative market values from derivative financial instruments | [1] | 10,958 | 9,781 |
Financial liabilities designated at fair value through profit or loss | [1] | 2,928 | 1,740 |
Investment contract liabilities | [1] | 0 | 0 |
Other financial liabilities at fair value | [1],[3] | (630) | (179) |
Total financial liabilities held at fair value | [1] | € 13,293 | € 11,424 |
[1]Amounts in this table are generally presented on a gross basis, in line with the Group’s accounting policy regarding offsetting of financial instruments, as described in Note 1 “Significant Accounting Policies and Critical Accounting Estimates” of the Annual Report 2021.[2]Predominantly relates to derivatives qualifying for hedge accounting[3]Relates to derivatives, which are embedded in contracts where the host contract is held at amortized cost but for which the embedded derivative is separated. The separated embedded derivatives may have a positive or a negative fair value but have been presented in this table to be consistent with the classification of the host contract. The separated embedded derivatives are held at fair value on a recurring basis and have been split between the fair value hierarchy classifications |
Financial Instruments carried_4
Financial Instruments carried at Fair Value - Carrying Value of The Financial Instruments held at Fair Value (Detail: Text Values) € in Millions | Jun. 30, 2022 EUR (€) |
Carrying Value of The Financial Instruments held at Fair Value | |
Increase in Positive market values from derivative financial instruments due to Russia Ukraine War | € 1,200 |
Increase in Negative market values from derivative financial instruments due to Russia Ukraine War | 1,000 |
Transfers from Level 2 to Level 1 on trading securities (assets) | € 1,500 |
Financial Instruments carried_5
Financial Instruments carried at Fair Value - Reconciliation of Financial Instruments Categorized in Level 3 (Detail) - EUR (€) € in Millions | Jun. 30, 2022 | Jun. 30, 2021 |
Balance, beginning of period [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | € 3,614 | € 3,066 |
Positive market values from derivative financial instruments | 9,042 | 8,725 |
Other trading assets | 5,201 | 5,117 |
Non-trading financial assets mandatory at fair value through profit and loss | 4,896 | 4,618 |
Financial assets designated at fair value through profit or loss | 49 | 0 |
Financial assets at fair value through other comprehensive income | 2,302 | 2,037 |
Other financial assets at fair value | 78 | 20 |
Total financial assets held at fair value | 25,182 | 23,583 |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 33 | 2 |
Negative market values from derivative financial instruments | 9,781 | 8,200 |
Other trading liabilities | 49 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,740 | 960 |
Other financial liabilities at fair value | (179) | (294) |
Total financial liabilities held at fair value | 11,424 | 8,867 |
Changes in the group of consolidated companies [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | 0 | 0 |
Positive market values from derivative financial instruments | 0 | 0 |
Other trading assets | 0 | 0 |
Non-trading financial assets mandatory at fair value through profit and loss | 0 | 0 |
Financial assets designated at fair value through profit or loss | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 |
Other financial assets at fair value | 0 | 0 |
Total financial assets held at fair value | 0 | 0 |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 0 | 0 |
Negative market values from derivative financial instruments | 0 | 0 |
Other trading liabilities | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 |
Other financial liabilities at fair value | 0 | 0 |
Total financial liabilities held at fair value | 0 | 0 |
Total gains/ losses [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | (316) | 394 |
Positive market values from derivative financial instruments | (2,034) | (275) |
Other trading assets | 37 | 114 |
Non-trading financial assets mandatory at fair value through profit and loss | 547 | 229 |
Financial assets designated at fair value through profit or loss | 4 | 0 |
Financial assets at fair value through other comprehensive income | 5 | 37 |
Other financial assets at fair value | 0 | (2) |
Total financial assets held at fair value | (1,757) | 496 |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | (1) | 0 |
Negative market values from derivative financial instruments | (2,182) | (656) |
Other trading liabilities | (45) | (6) |
Financial liabilities designated at fair value through profit or loss | 125 | (12) |
Other financial liabilities at fair value | (485) | 95 |
Total financial liabilities held at fair value | (2,588) | (579) |
Purchases [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | 1,646 | 1,709 |
Positive market values from derivative financial instruments | 0 | 0 |
Other trading assets | 579 | 497 |
Non-trading financial assets mandatory at fair value through profit and loss | 162 | 218 |
Financial assets designated at fair value through profit or loss | 0 | 0 |
Financial assets at fair value through other comprehensive income | 62 | 43 |
Other financial assets at fair value | 0 | 0 |
Total financial assets held at fair value | 2,449 | 2,468 |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 0 | 0 |
Negative market values from derivative financial instruments | 0 | 0 |
Other trading liabilities | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 |
Other financial liabilities at fair value | 0 | 0 |
Total financial liabilities held at fair value | 0 | 0 |
Sales [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | (1,274) | (1,476) |
Positive market values from derivative financial instruments | 0 | 0 |
Other trading assets | (1,063) | (1,439) |
Non-trading financial assets mandatory at fair value through profit and loss | (61) | (184) |
Financial assets designated at fair value through profit or loss | 0 | 0 |
Financial assets at fair value through other comprehensive income | (156) | (22) |
Other financial assets at fair value | 0 | 0 |
Total financial assets held at fair value | (2,553) | (3,120) |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 0 | 0 |
Negative market values from derivative financial instruments | 0 | 0 |
Other trading liabilities | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 |
Other financial liabilities at fair value | 0 | 0 |
Total financial liabilities held at fair value | 0 | 0 |
Issuances [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | 80 | 0 |
Positive market values from derivative financial instruments | 0 | 0 |
Other trading assets | 1,431 | 390 |
Non-trading financial assets mandatory at fair value through profit and loss | 1,109 | 132 |
Financial assets designated at fair value through profit or loss | 0 | 5 |
Financial assets at fair value through other comprehensive income | 313 | 338 |
Other financial assets at fair value | 0 | 0 |
Total financial assets held at fair value | 2,932 | 865 |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 0 | 0 |
Negative market values from derivative financial instruments | 0 | 0 |
Other trading liabilities | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,163 | 45 |
Other financial liabilities at fair value | 0 | 0 |
Total financial liabilities held at fair value | 1,163 | 45 |
Settlements [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | (79) | (80) |
Positive market values from derivative financial instruments | 13 | (465) |
Other trading assets | (660) | (592) |
Non-trading financial assets mandatory at fair value through profit and loss | (535) | (207) |
Financial assets designated at fair value through profit or loss | (45) | 0 |
Financial assets at fair value through other comprehensive income | (349) | (236) |
Other financial assets at fair value | 0 | 0 |
Total financial assets held at fair value | (1,655) | (1,580) |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 0 | (2) |
Negative market values from derivative financial instruments | (254) | (166) |
Other trading liabilities | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | (129) | (202) |
Other financial liabilities at fair value | (7) | (8) |
Total financial liabilities held at fair value | (390) | (378) |
Transfers into Level 3 [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | 1,174 | 663 |
Positive market values from derivative financial instruments | 6,976 | 2,951 |
Other trading assets | 505 | 542 |
Non-trading financial assets mandatory at fair value through profit and loss | 177 | 47 |
Financial assets designated at fair value through profit or loss | 88 | 0 |
Financial assets at fair value through other comprehensive income | 566 | 274 |
Other financial assets at fair value | 0 | 3 |
Total financial assets held at fair value | 9,486 | 4,479 |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 0 | 18 |
Negative market values from derivative financial instruments | 5,517 | 3,016 |
Other trading liabilities | 0 | 64 |
Financial liabilities designated at fair value through profit or loss | 80 | 180 |
Other financial liabilities at fair value | 1 | 2 |
Total financial liabilities held at fair value | 5,598 | 3,281 |
Transfers out of Level 3 [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | (785) | (611) |
Positive market values from derivative financial instruments | (2,477) | (2,418) |
Other trading assets | (567) | (477) |
Non-trading financial assets mandatory at fair value through profit and loss | (912) | (506) |
Financial assets designated at fair value through profit or loss | 0 | 0 |
Financial assets at fair value through other comprehensive income | (158) | (220) |
Other financial assets at fair value | 49 | (17) |
Total financial assets held at fair value | (4,851) | (4,248) |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 0 | 0 |
Negative market values from derivative financial instruments | (1,904) | (1,464) |
Other trading liabilities | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | (50) | (93) |
Other financial liabilities at fair value | 40 | 37 |
Total financial liabilities held at fair value | (1,914) | (1,520) |
Balance, end of period [Member] | ||
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | 4,060 | 3,666 |
Positive market values from derivative financial instruments | 11,519 | 8,518 |
Other trading assets | 5,462 | 4,152 |
Non-trading financial assets mandatory at fair value through profit and loss | 5,383 | 4,347 |
Financial assets designated at fair value through profit or loss | 96 | 6 |
Financial assets at fair value through other comprehensive income | 2,585 | 2,252 |
Other financial assets at fair value | 127 | 4 |
Total financial assets held at fair value | 29,232 | 22,943 |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 33 | 18 |
Negative market values from derivative financial instruments | 10,958 | 8,930 |
Other trading liabilities | 4 | 58 |
Financial liabilities designated at fair value through profit or loss | 2,928 | 878 |
Other financial liabilities at fair value | (630) | (168) |
Total financial liabilities held at fair value | € 13,293 | € 9,717 |
Financial Instruments carried_6
Financial Instruments carried at Fair Value - Reconciliation of Financial Instruments Categorized in Level 3 (Detail: Text Values) - Total gains/ losses [Member] - EUR (€) € in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Financial assets at fair value through other comprehensive income [Abstract] | ||
of which gain (loss) recognized in other comprehensive income | € 104 | € 7 |
Financial assets held at fair value: | ||
of which effect of exchange rate changes | 537 | 168 |
Financial liabilities held at fair value: | ||
of which effect of exchange rate changes | € 73 | € 16 |
Financial Instruments carried_7
Financial Instruments carried at Fair Value - Sensitivity Analysis by Type of Instrument (Detail) - Valuation technique unobservable parameters (Level 3) - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 | ||
Positive fair value movement from using reasonable possible alternatives [Member] | ||||
Securities: | ||||
Debt securities | € 384 | € 267 | [1] | |
Commercial mortgage-backed securities | 20 | 18 | [1] | |
Mortgage and other asset-backed securities | [1] | 10 | 13 | |
Corporate, sovereign and other debt securities | [1] | 353 | 236 | |
Equity securities | [1] | 118 | 94 | |
Derivatives [Abstract] | ||||
Credit | [1] | 217 | 163 | |
Equity | [1] | 86 | 105 | |
Interest related | [1] | 267 | 409 | |
Foreign exchange | [1] | 56 | 34 | |
Other | [1] | 273 | 98 | |
Loans [Abstract] | ||||
Loans | [1] | 560 | 570 | |
Other | [1] | 0 | 0 | |
Total | [1] | 1,961 | 1,739 | |
Negative fair value movement from using reasonable possible alternatives [Member] | ||||
Securities: | ||||
Debt securities | [1] | 398 | 256 | |
Commercial mortgage-backed securities | [1] | 16 | 15 | |
Mortgage and other asset-backed securities | [1] | 18 | 9 | |
Corporate, sovereign and other debt securities | [1] | 364 | 233 | |
Equity securities | [1] | 94 | 65 | |
Derivatives [Abstract] | ||||
Credit | [1] | 135 | 109 | |
Equity | [1] | 79 | 100 | |
Interest related | [1] | 230 | 232 | |
Foreign exchange | [1] | 47 | 31 | |
Other | [1] | 69 | 82 | |
Loans [Abstract] | ||||
Loans | [1] | 434 | 340 | |
Other | [1] | 0 | 0 | |
Total | [1] | € 1,487 | € 1,215 | |
[1]Where the exposure to an unobservable parameter is offset across different instruments then only the net impact is disclosed in the table. |
Financial Instruments carried_8
Financial Instruments carried at Fair Value - Sensitivity Analysis by Type of Instrument (Detail: Text Values) | 6 Months Ended | |
Jun. 30, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | |
Changes in sensitive amounts from December 31 | ||
Changes in positive fair value movement | € 222,000,000 | |
Changes in negative fair value movement | € 272,000,000 | |
Percentage change in positive fair value movements | 0.13 | |
Percentage change in negative fair value movements | 0.22 | |
Percentage move in gross Level 3 assets and liabilities | 0.16 | |
Positive fair value movement from using reasonable possible alternatives, Level 3 | € 2,000,000,000 | € 1,700,000,000 |
Negative fair value movement from using reasonable possible alternatives, Level 3 | 1,500,000,000 | 1,200,000,000 |
Group Level 3 Assets | 29,200,000,000 | 25,200,000,000 |
Group Level 3 Liabilities | € 13,300,000,000 | € 11,400,000,000 |
Financial Instruments carried_9
Financial Instruments carried at Fair Value - Financial instruments classified in Level 3 and quantitative information about unobservable inputs (Detail) - Valuation technique unobservable parameters (Level 3) € in Millions | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | ||
Assets [Member] | Fair Value Level 3 | Fair Value Level 3 | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Commercial mortgage-backed securities | € 74 | € 47 | |
Mortgage and other asset-backed securities | 76 | 81 | |
Total mortgage- and other asset-backed securities | 151 | 128 | |
Debt securities and other debt obligations [Abstract] | |||
Debt securites and other debt obligations | 5,138 | 5,074 | |
Equity securities [Abstract] | |||
Equity securities | 836 | 660 | |
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | 8,426 | 8,184 | |
Loan commitments [Abstract] | |||
Loan commitments (financial instruments) | 0 | 0 | |
Other financial instruments [Abstract] | |||
Other financial instruments | 3,036 | 2,016 | |
Total non-derivative financial instruments held at fair value | 17,587 | 16,062 | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives | 6,599 | 4,725 | |
Credit derivatives | 2,078 | 686 | |
Equity derivatives | 606 | 766 | |
FX derivatives | 1,686 | 1,816 | |
Other derivatives | 676 | 1,127 | |
Total market values from derivative financial instruments | 11,646 | 9,120 | |
Liabilities [Member] | Fair Value Level 3 | Fair Value Level 3 | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Commercial mortgage-backed securities | 0 | 0 | |
Mortgage and other asset-backed securities | 0 | 0 | |
Total mortgage- and other asset-backed securities | 0 | 0 | |
Debt securities and other debt obligations [Abstract] | |||
Debt securites and other debt obligations | 2,809 | 1,654 | |
Equity securities [Abstract] | |||
Equity securities | 0 | 0 | |
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | 4 | 49 | |
Loan commitments [Abstract] | |||
Loan commitments (financial instruments) | 21 | 7 | |
Other financial instruments [Abstract] | |||
Other financial instruments | 130 | 112 | |
Total non-derivative financial instruments held at fair value | 2,965 | 1,823 | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives | 5,261 | 4,724 | |
Credit derivatives | 1,667 | 827 | |
Equity derivatives | 1,380 | 1,749 | |
FX derivatives | 2,213 | 1,913 | |
Other derivatives | [1] | (193) | 388 |
Total market values from derivative financial instruments | € 10,328 | € 9,601 | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Price based | Price, in percent [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Commercial Mortgage Backed Securities, significant unobservable input, percent | 0% | 0% | |
Mortgage and other asset-backed securities, significant unobsevable input, percent | 0% | 0% | |
Debt securities and other debt obligations [Abstract] | |||
Debt securities and other debt obligations, significant unobservable input, percent | 0% | 0% | |
Equity securities [Abstract] | |||
Equity securities, significant unobservable input, percent | 0% | 0% | |
Loans, at fair value [Abstract] | |||
Loans, significant unobservable input, percent | 0% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Discounted Cashflow | Credit Spread, in bps [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Commercial Mortgage Backed Securities, significant unobservable input, absolute | 183 | 81 | |
Mortgage and other asset-backed securities, significant unobservable input, absolute | 54 | 85 | |
Debt securities and other debt obligations [Abstract] | |||
Debt securities and other debt obligations, significant unobservable input, absolute | 87 | 12 | |
Loans, at fair value [Abstract] | |||
Loans, significant unobservable input, absolute | 149 | 34 | |
Loan commitments [Abstract] | |||
Loan commitments, significant unobservable input, absolute | 105 | 128 | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Credit derivatives, significant unobservable input, absolute | 3 | 2 | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Discounted Cashflow | Recovery Rate, in percent [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Mortgage and other asset-backed securities, significant unobsevable input, percent | 0% | 0% | |
Loans, at fair value [Abstract] | |||
Loans, significant unobservable input, absolute | 40 | 40 | |
Loan commitments [Abstract] | |||
Loan commitments, significant unobservable input, percent | 60% | 40% | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Credit derivatives, significant unobservable input, percent | 0% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Discounted Cashflow | Constant Default Rate, in percent [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Mortgage and other asset-backed securities, significant unobsevable input, percent | 0% | 0% | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 0% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Discounted Cashflow | Constant Prepayment Rate, in percent [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Mortgage and other asset-backed securities, significant unobsevable input, percent | 0% | 0% | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 4% | 4% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Discounted Cashflow | Weighted Average Cost Capital, in percent [Member] | |||
Equity securities [Abstract] | |||
Equity securities, significant unobservable input, percent | 9% | 6% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Discounted Cashflow | IRR, in percent [Member] | |||
Other financial instruments [Abstract] | |||
Other financial instruments, significant unobservable input, percent | 7% | 7% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Discounted Cashflow | Repo Rate, in bps [Member] | |||
Other financial instruments [Abstract] | |||
Other financial instruments, significant unobservable input, absolute | (18) | (27) | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Discounted Cashflow | Swap rate, in bps [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, absolute | (16,516) | (80) | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Discounted Cashflow | Inflation Swap Rate, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | (4.00%) | 1% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Market Approach | Price, in percent [Member] | |||
Equity securities [Abstract] | |||
Equity securities, significant unobservable input, percent | 0% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : Market Approach | Enterprise value EBITDA, multiple [Member] | |||
Equity securities [Abstract] | |||
Equity securities, significant unobservable input, absolute | 5 | 5 | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Loan pricing model | Utilization, in percent [Member] | |||
Loan commitments [Abstract] | |||
Loan commitments, significant unobservable input, percent | 0% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Inflation Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 0% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Interest Rate Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 0% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | IR correlation, in percent [member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | (1.00%) | (1.00%) | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Hybrid correlation, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | (90.00%) | (70.00%) | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Stock Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 4% | 25% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Index Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 16% | 11% | |
Other derivatives, significant unobservable input, percent | 1% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Index Correlation [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, absolute | 88 | 88 | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Stock Correlation, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 0% | ||
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Stock Forwards, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 0% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Index Forwards, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 0% | 0% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
FX derivatives, significant unobservable input, percent | (16.00%) | (33.00%) | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Valuation technique(s) : option pricing model | Commodity Correlation, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Other derivatives, significant unobservable input, percent | 0% | 15% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Bottom [Member] | Correlation pricing model | Credit correlation, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Credit derivatives, significant unobservable input, percent | 30% | 30% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Price based | Price, in percent [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Commercial Mortgage Backed Securities, significant unobservable input, percent | 102% | 114% | |
Mortgage and other asset-backed securities, significant unobsevable input, percent | 100% | 112% | |
Debt securities and other debt obligations [Abstract] | |||
Debt securities and other debt obligations, significant unobservable input, percent | 595% | 212% | |
Equity securities [Abstract] | |||
Equity securities, significant unobservable input, percent | 270% | 139% | |
Loans, at fair value [Abstract] | |||
Loans, significant unobservable input, percent | 220% | 275% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Discounted Cashflow | Credit Spread, in bps [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Commercial Mortgage Backed Securities, significant unobservable input, absolute | 1,520 | 1,235 | |
Mortgage and other asset-backed securities, significant unobservable input, absolute | 1,500 | 1,495 | |
Debt securities and other debt obligations [Abstract] | |||
Debt securities and other debt obligations, significant unobservable input, absolute | 601 | 571 | |
Loans, at fair value [Abstract] | |||
Loans, significant unobservable input, absolute | 2,100 | 2,117 | |
Loan commitments [Abstract] | |||
Loan commitments, significant unobservable input, absolute | 775 | 906 | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Credit derivatives, significant unobservable input, absolute | 28,286 | 6,630 | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Discounted Cashflow | Recovery Rate, in percent [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Mortgage and other asset-backed securities, significant unobsevable input, percent | 90% | 85% | |
Loans, at fair value [Abstract] | |||
Loans, significant unobservable input, absolute | 75 | 85 | |
Loan commitments [Abstract] | |||
Loan commitments, significant unobservable input, percent | 76% | 75% | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Credit derivatives, significant unobservable input, percent | 40% | 40% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Discounted Cashflow | Constant Default Rate, in percent [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Mortgage and other asset-backed securities, significant unobsevable input, percent | 12% | 2% | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 20% | 20% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Discounted Cashflow | Constant Prepayment Rate, in percent [Member] | |||
Financial instruments held at fair value - Non-Derivative financial instruments held at fair value: Mortgage and other asset backed securities held for trading: | |||
Mortgage and other asset-backed securities, significant unobsevable input, percent | 81% | 27% | |
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 21% | 24% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Discounted Cashflow | Weighted Average Cost Capital, in percent [Member] | |||
Equity securities [Abstract] | |||
Equity securities, significant unobservable input, percent | 20% | 20% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Discounted Cashflow | IRR, in percent [Member] | |||
Other financial instruments [Abstract] | |||
Other financial instruments, significant unobservable input, percent | 13% | 16% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Discounted Cashflow | Repo Rate, in bps [Member] | |||
Other financial instruments [Abstract] | |||
Other financial instruments, significant unobservable input, absolute | 330 | 400 | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Discounted Cashflow | Swap rate, in bps [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, absolute | 1,287 | 817 | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Discounted Cashflow | Inflation Swap Rate, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 7% | 5% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Market Approach | Price, in percent [Member] | |||
Equity securities [Abstract] | |||
Equity securities, significant unobservable input, percent | 108% | 101% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : Market Approach | Enterprise value EBITDA, multiple [Member] | |||
Equity securities [Abstract] | |||
Equity securities, significant unobservable input, absolute | 16 | 17 | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Loan pricing model | Utilization, in percent [Member] | |||
Loan commitments [Abstract] | |||
Loan commitments, significant unobservable input, percent | 100% | 100% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Inflation Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 9% | 9% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Interest Rate Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 43% | 31% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | IR correlation, in percent [member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 99% | 99% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Hybrid correlation, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Interest rates derivatives, significant unobservable input, percent | 100% | 100% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Stock Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 90% | 68% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Index Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 42% | 80% | |
Other derivatives, significant unobservable input, percent | 99% | 131% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Index Correlation [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, absolute | 96 | 91 | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Stock Correlation, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 0% | ||
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Stock Forwards, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 7% | 9% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Index Forwards, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Equity derivatives, significant unobservable input, percent | 6% | 5% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Volatility, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
FX derivatives, significant unobservable input, percent | 64% | 59% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Valuation technique(s) : option pricing model | Commodity Correlation, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Other derivatives, significant unobservable input, percent | 85% | 86% | |
Financial Instruments classified in Level 3, Valuation Techniques, Significant unobservable input, Range Top [Member] | Correlation pricing model | Credit correlation, in percent [Member] | |||
Financial instruments held at fair value: Market values from derivative financial instruments: | |||
Credit derivatives, significant unobservable input, percent | 80% | 63% | |
Assets: Held for Trading [Member] | Fair Value Level 3 | Fair Value Level 3 | |||
Debt securities and other debt obligations [Abstract] | |||
Debt securites and other debt obligations | € 3,729 | € 3,383 | |
Corporate, sovereign and other debt securities (held for trading) | 3,729 | 3,383 | |
Equity securities [Abstract] | |||
Equity securities | 181 | 103 | |
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | 5,131 | 5,188 | |
Assets: Non-Trading mandatory at fair value through profit or loss [Member] | Fair Value Level 3 | Fair Value Level 3 | |||
Debt securities and other debt obligations [Abstract] | |||
Debt securites and other debt obligations | 1,286 | 1,568 | |
Equity securities [Abstract] | |||
Equity securities | 655 | 557 | |
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | 755 | 769 | |
Assets: Designated at fair value through profit or loss [Member] | Fair Value Level 3 | Unobservable Input Paramenters [Member] | |||
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | 48 | ||
Assets: Designated at fair value through profit or loss [Member] | Fair Value Level 3 | Fair Value Level 3 | |||
Debt securities and other debt obligations [Abstract] | |||
Debt securites and other debt obligations | 0 | 0 | |
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | 96 | ||
Assets: At fair value through other comprehensive income [Member] | Fair Value Level 3 | Fair Value Level 3 | |||
Debt securities and other debt obligations [Abstract] | |||
Debt securites and other debt obligations | 123 | 123 | |
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | 2,444 | 2,179 | |
Liabilities: Held for Trading [Member] | Fair Value Level 3 | Fair Value Level 3 | |||
Debt securities and other debt obligations [Abstract] | |||
Debt securites and other debt obligations | 33 | 33 | |
Equity securities [Abstract] | |||
Equity securities | 0 | 0 | |
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | 4 | 49 | |
Liabilities: Designated at fair value through profit or loss [Member] | Fair Value Level 3 | Unobservable Input Paramenters [Member] | |||
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | 0 | ||
Liabilities: Designated at fair value through profit or loss [Member] | Fair Value Level 3 | Fair Value Level 3 | |||
Debt securities and other debt obligations [Abstract] | |||
Debt securites and other debt obligations | 2,777 | € 1,621 | |
Loans, at fair value [Abstract] | |||
Loans, at Fair Value | € 0 | ||
[1]Includes derivatives which are embedded in contracts where the host contract is held at amortized cost but for which the embedded derivative is separated. |
Financial Instruments carrie_10
Financial Instruments carried at Fair Value - Financial instruments classified in Level 3 and quantitative information about unobservable inputs (Detail: Text Values) - Valuation technique unobservable parameters (Level 3) - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Assets [Member] | ||
Included in other financial assets [Abstract] | ||
Other trading assets | € 331 | € 13 |
Other financial assets mandatory at fair value | 2,700 | 2,000 |
Other financial assets at fair value through other comprehensive income | 17 | |
Liabilities [Member] | ||
Included in other financial liabilities [Abstract] | ||
Securities sold under repurchase agreements designated at fair value | € 130 | € 112 |
Financial Instruments carrie_11
Financial Instruments carried at Fair Value - Unrealized Gains or Losses on Level 3 Instruments Held or in Issue at the Reporting Date (Detail) - Unrealized Gains or Losses [Member] - Valuation technique unobservable parameters (Level 3) - EUR (€) € in Millions | Jun. 30, 2022 | Jun. 30, 2021 |
Financial assets held at fair value [Abstract] | ||
Trading securities, assets | € (433) | € 298 |
Positive market values from derivative financial instruments | (1,257) | 184 |
Other trading assets | (96) | 64 |
Non-trading financial assets mandatory at fair value through profit and loss | 453 | 156 |
Financial assets designated at fair value through profit or loss | 1 | 1 |
Financial assets at fair value through other comprehensive income | 0 | 3 |
Other financial assets at fair value | 13 | (3) |
Total financial assets held at fair value | (1,318) | 702 |
Financial liabilities held at fair value: | ||
Trading securities, liabilities | 1 | 0 |
Negative market values from derivative financial instruments | 1,504 | 159 |
Other trading liabilities | 45 | 6 |
Financial liabilities designated at fair value through profit or loss | (113) | 14 |
Other financial liabilities at fair value | 460 | (95) |
Total financial liabilities held at fair value | 1,897 | 84 |
Total | € 579 | € 785 |
Financial Instruments carrie_12
Financial Instruments carried at Fair Value - Recognition of Trade Date Profit (Detail) - EUR (€) € in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Recognitions of Trade Date Profit | ||
Balance, beginning of period | € 462 | € 454 |
New trades during the period | 99 | 55 |
Amortization | (49) | (77) |
Matured trades | (30) | (47) |
Subsequent move to observability | (9) | 0 |
Exchange rate changes | 4 | 1 |
Balance, end of period | € 477 | € 386 |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments not carried at Fair Value - Estimated Fair Value of the Financial Instruments not carried at Fair Value (Detail) - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 | |
Carrying value [Member] | |||
Financial assets: | |||
Cash and central bank balances | [1] | € 177,070 | € 192,021 |
Interbank balances (w/o central banks) | [1] | 7,902 | 7,342 |
Central bank funds sold and securities purchased under resale agreements | [1] | 9,121 | 8,368 |
Securities borrowed | [1] | 164 | 63 |
Loans | [1] | 493,904 | 472,069 |
Other financial assets | [1] | 123,999 | 94,588 |
Financial liabilities: | |||
Deposits | [1] | 617,144 | 604,396 |
Central bank funds purchased and securities sold under repurchase agreements | [1] | 1,213 | 747 |
Securities loaned | [1] | 8 | 24 |
Other short-term borrowings | [1] | 5,189 | 4,034 |
Other financial liabilities | [1] | 104,746 | 81,047 |
Long-term debt | [1] | 143,924 | 144,485 |
Trust preferred securities | [1] | 521 | 528 |
Fair value [Member] | |||
Financial assets: | |||
Cash and central bank balances | [1] | 177,070 | 192,021 |
Interbank balances (w/o central banks) | [1] | 7,902 | 7,342 |
Central bank funds sold and securities purchased under resale agreements | [1] | 9,200 | 8,429 |
Securities borrowed | [1] | 164 | 63 |
Loans | [1] | 476,381 | 476,674 |
Other financial assets | [1] | 122,606 | 94,732 |
Financial liabilities: | |||
Deposits | [1] | 617,352 | 604,645 |
Central bank funds purchased and securities sold under repurchase agreements | [1] | 1,211 | 745 |
Securities loaned | [1] | 8 | 24 |
Other short-term borrowings | [1] | 5,187 | 4,035 |
Other financial liabilities | [1] | 104,746 | 81,047 |
Long-term debt | [1] | 139,669 | 146,871 |
Trust preferred securities | [1] | € 481 | € 587 |
[1]Amounts are generally presented on a gross basis, in line with the Group’s accounting policy regarding offsetting of financial instruments as described in Note 1 “Significant Accounting Policies and Critical Accounting Estimates” of the Group’s Annual Report 2021. |
Shares Issued and Outstanding_2
Shares Issued and Outstanding (Detail) - Shares Issued and Outstanding [Member] - shares | Jun. 30, 2022 | Dec. 31, 2021 |
Shares Issued and Outstanding, in million [Line Items] | ||
Shares issued | 2,066.8 | 2,066.8 |
Shares in treasury | 33.8 | 0.7 |
of which [Abstract] | ||
Buyback | 33.8 | 0.7 |
Other | 0 | 0 |
Shares outstanding | 2,033 | 2,066.1 |
Allowance for Credit Losses (De
Allowance for Credit Losses (Detail: Text Values) - EUR (€) € in Millions | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Allowance for Credit Losses on/off Balance Sheet Positions [Abstract] | |||
Allowance for country risk not included in Allowance for credit losses for Financial Assets at Amortized Cost | € 12 | € 4 | € 4 |
Reimbursement gain included in Provision for credit losses excluding country risk | 29 | 5 | |
Allowance for country risk not included in Allowance for credit losses for Off-balance Sheet Positions | € 9 | € 5 | € 6 |
Allowance for Credit Losses For
Allowance for Credit Losses Forward Looking Information (Detail: Text Values) - EUR (€) € in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Information Credit Risk Management IFRS 9 subchapter [Abstract] | ||||
Provision for credit losses | € 233 | € 75 | € 525 | € 144 |
Development Of Allowance For Cr
Development Of Allowance For Credit Losses For Financial Assets At Ammortized Cost (Detail) - EUR (€) € in Millions | 6 Months Ended | ||||
Jun. 30, 2022 | [1] | Jun. 30, 2021 | |||
Total Stages [Member] | |||||
Development Of Allowance For Credit Losses For Financial Assets At Amortized Cost [Line item] | |||||
Balance, beginning of year | € 4,895 | € 4,946 | [2] | ||
Movements In Financial Assets Including New Business | 488 | 154 | [2] | ||
Transfers Due To Credit Worthiness | [2],[3] | 0 | |||
Financial Assets That Have Been Derecognized During The Period | (439) | [4] | (226) | [2],[5] | |
Recovery Of Written Off Amounts For Financial Assets At Amortized Cost | 35 | 33 | [2] | ||
Foreign Exchange And Other Changes | 46 | (21) | [2] | ||
Balance, end of reporting period | 5,024 | 4,886 | [2] | ||
Provision For Credit Losses Excluding Country Risk For Financial Assets At Amortized Cost | 488 | [6],[7] | 154 | [2],[8],[9] | |
Stage 1 [Member] | |||||
Development Of Allowance For Credit Losses For Financial Assets At Amortized Cost [Line item] | |||||
Balance, beginning of year | 440 | 544 | [2] | ||
Movements In Financial Assets Including New Business | 15 | (201) | [2] | ||
Transfers Due To Credit Worthiness | 79 | [10] | 98 | [2],[3] | |
Foreign Exchange And Other Changes | 7 | 8 | [2] | ||
Balance, end of reporting period | 541 | 448 | [2] | ||
Provision For Credit Losses Excluding Country Risk For Financial Assets At Amortized Cost | 94 | [6],[7] | (104) | [2],[8],[9] | |
Stage 2 [Member] | |||||
Development Of Allowance For Credit Losses For Financial Assets At Amortized Cost [Line item] | |||||
Balance, beginning of year | 532 | 648 | [2] | ||
Movements In Financial Assets Including New Business | 177 | 101 | [2] | ||
Transfers Due To Credit Worthiness | (85) | [10] | (113) | [2],[3] | |
Foreign Exchange And Other Changes | 11 | (3) | [2] | ||
Balance, end of reporting period | 634 | 634 | [2] | ||
Provision For Credit Losses Excluding Country Risk For Financial Assets At Amortized Cost | 92 | [6],[7] | (12) | [2],[8],[9] | |
Stage 3 [Member] | |||||
Development Of Allowance For Credit Losses For Financial Assets At Amortized Cost [Line item] | |||||
Balance, beginning of year | 3,740 | 3,614 | [2] | ||
Movements In Financial Assets Including New Business | 295 | 237 | [2] | ||
Transfers Due To Credit Worthiness | 6 | [10] | 15 | [2],[3] | |
Financial Assets That Have Been Derecognized During The Period | (439) | [4] | (226) | [2],[5] | |
Recovery Of Written Off Amounts For Financial Assets At Amortized Cost | 32 | 26 | [2] | ||
Foreign Exchange And Other Changes | 24 | (28) | [2] | ||
Balance, end of reporting period | 3,658 | 3,638 | [2] | ||
Provision For Credit Losses Excluding Country Risk For Financial Assets At Amortized Cost | 301 | [6],[7] | 252 | [2],[8],[9] | |
Stage 3 POCI [Member] | |||||
Development Of Allowance For Credit Losses For Financial Assets At Amortized Cost [Line item] | |||||
Balance, beginning of year | 182 | 139 | [2] | ||
Movements In Financial Assets Including New Business | 1 | 17 | [2] | ||
Recovery Of Written Off Amounts For Financial Assets At Amortized Cost | 3 | 8 | [2] | ||
Foreign Exchange And Other Changes | 4 | 2 | [2] | ||
Balance, end of reporting period | 190 | 166 | [2] | ||
Provision For Credit Losses Excluding Country Risk For Financial Assets At Amortized Cost | € 1 | [6],[7] | € 17 | [2],[8],[9] | |
[1]Allowance for credit losses does not include allowance for country risk amounting to € 12 million € 4 million € 29 million € 5 million |
Development Of Allowance For _2
Development Of Allowance For Credit Losses For Off Balance Sheet Positions (Detail) - EUR (€) € in Millions | 6 Months Ended | |||
Jun. 30, 2022 | [1] | Jun. 30, 2021 | [2] | |
Total Stages [Member] | ||||
Development Of Allowance For Credit Losses For Off Balance Sheet Positions [Line Item] | ||||
Balance, beginning of the year | € 443 | € 419 | ||
Movements Including New Business | 1 | (23) | ||
Transfers Due To Changes In Credit Worthiness | 0 | [3] | 0 | [4] |
Foreign Exchange And Other Changes | 19 | 4 | ||
Balance, end of reporting period | 464 | 400 | ||
Of Which: Financial Guarantees | 300 | 268 | ||
Provision For Credit Losses Excluding Country Risk | 1 | [5] | (23) | [6] |
Stage 1 [Member] | ||||
Development Of Allowance For Credit Losses For Off Balance Sheet Positions [Line Item] | ||||
Balance, beginning of the year | 108 | 144 | ||
Movements Including New Business | 25 | (41) | ||
Transfers Due To Changes In Credit Worthiness | 9 | [3] | (5) | [4] |
Foreign Exchange And Other Changes | 7 | 2 | ||
Balance, end of reporting period | 147 | 100 | ||
Of Which: Financial Guarantees | 110 | 64 | ||
Provision For Credit Losses Excluding Country Risk | 33 | [5] | (46) | [6] |
Stage 2 [Member] | ||||
Development Of Allowance For Credit Losses For Off Balance Sheet Positions [Line Item] | ||||
Balance, beginning of the year | 111 | 74 | ||
Movements Including New Business | 1 | 21 | ||
Transfers Due To Changes In Credit Worthiness | (10) | [3] | 1 | [4] |
Foreign Exchange And Other Changes | 4 | 5 | ||
Balance, end of reporting period | 105 | 101 | ||
Of Which: Financial Guarantees | 59 | 61 | ||
Provision For Credit Losses Excluding Country Risk | (9) | [5] | 22 | [6] |
Stage 3 [Member] | ||||
Development Of Allowance For Credit Losses For Off Balance Sheet Positions [Line Item] | ||||
Balance, beginning of the year | 225 | 200 | ||
Movements Including New Business | (25) | (3) | ||
Transfers Due To Changes In Credit Worthiness | 2 | [3] | 4 | [4] |
Foreign Exchange And Other Changes | 9 | (2) | ||
Balance, end of reporting period | 211 | 199 | ||
Of Which: Financial Guarantees | 132 | 143 | ||
Provision For Credit Losses Excluding Country Risk | € (23) | [5] | € 1 | [6] |
[1]Allowance for credit losses does not include allowance for country risk amounting to € 9 million € 5 million |
IFRS 9 Impairment Forward Looki
IFRS 9 Impairment Forward Looking information (Detail) - EUR (€) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | [1],[2] | Dec. 31, 2021 | [3],[4] | |
Year 1 (4 quarter avg) [Member] | ||||
Commodity [Abstract] | ||||
Commodity - Gold | 1,906.33 | 1,764.58 | ||
Commodity - WTI | 101.54 | 73.19 | ||
Credit [Abstract] | ||||
Credit - CDX Emerging Markets | 316.16 | 231.80 | ||
Credit - CDX High Yield | 501.57 | 353.42 | ||
Credit - CDX IG | 84.69 | 59.53 | ||
Credit - High Yield Index | 4.78 | 3.95 | ||
Credit - ITX Europe 125 | 97.61 | 61.37 | ||
Equity [Abstract] | ||||
Equity - MSCI Asia | 1,352 | 1,543 | ||
Equity - Nikkei | 27,574 | 29,673 | ||
Equity - S&P500 | 4,216 | 4,777 | ||
GDP [Abstract] | ||||
GDP - Developing Asia | 4.54 | 3.78 | ||
GDP - Emerging Markets | 3.62 | 3.72 | ||
GDP - Eurozone | 2.87 | 4.67 | ||
GDP - Germany | 1.36 | 3.35 | ||
GDP - Italy | 1.70 | 5.17 | ||
GDP - USA | 2.20 | 4.46 | ||
Real Estate Prices - US CRE Index | 367.45 | 348.86 | ||
Unemployment [Abstract] | ||||
Unemployment - Eurozone | 6.91 | 7.41 | ||
Unemployment - Germany | 2.93 | 3.13 | ||
Unemployment - Italy | 8.62 | 9.18 | ||
Unemployment - Japan | 2.62 | 2.73 | ||
Unemployment - Spain | 13.48 | 14.26 | ||
Unemployment - USA | 3.60 | 4.05 | ||
Year 2 (4 quarter avg) [Member] | ||||
Commodity [Abstract] | ||||
Commodity - Gold | 1,803.69 | 1,696.51 | ||
Commodity - WTI | 90.41 | 68.21 | ||
Credit [Abstract] | ||||
Credit - CDX Emerging Markets | 309.44 | 268.64 | ||
Credit - CDX High Yield | 487.05 | 399.62 | ||
Credit - CDX IG | 80.86 | 63.98 | ||
Credit - High Yield Index | 4.56 | 4.46 | ||
Credit - ITX Europe 125 | 97.24 | 69.93 | ||
Equity [Abstract] | ||||
Equity - MSCI Asia | 1,399 | 1,514 | ||
Equity - Nikkei | 29,077 | 30,764 | ||
Equity - S&P500 | 4,471 | 5,033 | ||
GDP [Abstract] | ||||
GDP - Developing Asia | 5.11 | 6.26 | ||
GDP - Emerging Markets | 4.35 | 5.38 | ||
GDP - Eurozone | 1.87 | 2.91 | ||
GDP - Germany | 2.32 | 2.86 | ||
GDP - Italy | 1.48 | 2.33 | ||
GDP - USA | 1.70 | 2.79 | ||
Real Estate Prices - US CRE Index | 381.42 | 377.26 | ||
Unemployment [Abstract] | ||||
Unemployment - Eurozone | 6.82 | 7.07 | ||
Unemployment - Germany | 2.72 | 2.83 | ||
Unemployment - Italy | 8.58 | 8.92 | ||
Unemployment - Japan | 2.48 | 2.53 | ||
Unemployment - Spain | 13 | 13.66 | ||
Unemployment - USA | 3.81 | 3.68 | ||
[1] 1 2 1 2 |
IFRS 9 Development Of Overlays
IFRS 9 Development Of Overlays (Detail) - EUR (€) € in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
IFRS 9 Overlays Beginning Balance [Member] | ||
IFRS 9 Development Of Overlays [Line Items] | ||
Construction Risk Following Increased Prices For Building Materials on Mortgage portfolios in the Private Bank in Stage 1 and 2 | € 15 | |
Model Calibration (MEV Outside Calibrated Range Of The FLI Model) on Financial assets in Stage 1 and 2 | 56 | |
Recalibrations Required Due To The New Definition Of Default On Financial assets primarily in the Private Bank in Stage 3 | (57) | |
Overlays Total | € 39 | € 14 |
Changes to existing overlays in the first quarter of 2022 [Member] | ||
IFRS 9 Development Of Overlays [Line Items] | ||
Construction Risk Following Increased Prices For Building Materials on Mortgage portfolios in the Private Bank in Stage 1 and 2 | (15) | |
Model Calibration (MEV Outside Calibrated Range Of The FLI Model) on Financial assets in Stage 1 and 2 | (16) | |
Recalibrations Required Due To The New Definition Of Default On Financial assets primarily in the Private Bank in Stage 3 | (35) | |
Uncertainty Related To Russia Ukraine in the first quarter On All financial assets in Stage 1 and 2 | 44 | |
Model Calibration (WTI Oil Price Index Disabled For One Portfolio) On Financial assets in Stage 1 and 2 in the Investment Bank | 42 | |
Overlays Total | 20 | |
Changes to existing overlays in the second quarter of 2022 [Member] | ||
IFRS 9 Development Of Overlays [Line Items] | ||
Model Calibration (MEV Outside Calibrated Range Of The FLI Model) on Financial assets in Stage 1 and 2 | (40) | |
Uncertainty Related To Russia Ukraine in the first quarter On All financial assets in Stage 1 and 2 | (44) | |
Uncertainty Related To Russia Ukraine in the second quarter On All financial assets in Stage 1 and 2 | 83 | |
Model Calibration (WTI Oil Price Index Disabled For One Portfolio) On Financial assets in Stage 1 and 2 in the Investment Bank | (3) | |
Overlays Total | (4) | |
IFRS 9 Ending Balance [Member] | ||
IFRS 9 Development Of Overlays [Line Items] | ||
Recalibrations Required Due To The New Definition Of Default On Financial assets primarily in the Private Bank in Stage 3 | (92) | |
Uncertainty Related To Russia Ukraine in the second quarter On All financial assets in Stage 1 and 2 | 83 | |
Overlays Total | € 30 |
IFRS 9 Model Sensitivity (Detai
IFRS 9 Model Sensitivity (Detail) - EUR (€) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Dec. 31, 2021 | |||
Upward Sensitivity - Upward Shift [Member] | ||||
IFRS 9 Model Sensitivity [Line Items] | ||||
GDP Growth Rates In PP | 1 | 1 | ||
Unemployment Rates in pp | (0.5) | (0.5) | ||
Real Estate Prices In Percent | 0.05 | 0.05 | ||
Equities In Percent | 0.10 | 0.10 | ||
Credit Spreads In Percent | (0.40) | (0.40) | ||
Commodities In Percent | 0.10 | [1] | 0.10 | [2] |
Upward Sensitivity - ECL Impact On Upward Sensitivity [Member] | ||||
IFRS 9 Model Sensitivity [Line Items] | ||||
GDP Growth Rates In Mn | € (66.7) | € (49.4) | ||
Unemployment Rates in mn | (30.6) | (23.8) | ||
Real Estate Prices in mn | (5.3) | (3.9) | ||
Equities in mn | (11.6) | (7.2) | ||
Credit Spreads in mn | (38.3) | (20.9) | ||
Commodities in mn | € (20) | [1] | € (15) | [2] |
Downward Sensitivity - Downward Shift [Member] | ||||
IFRS 9 Model Sensitivity [Line Items] | ||||
GDP Growth Rates In PP | (1) | (1) | ||
Unemployment Rates in pp | 0.5 | 0.5 | ||
Real Estate Prices In Percent | (0.05) | (0.05) | ||
Equities In Percent | (0.10) | (0.10) | ||
Credit Spreads In Percent | 0.40 | 0.40 | ||
Commodities In Percent | (0.10) | [1] | (0.10) | [2] |
Downward Sensitivity - ECL Impact On Downward Sensitivity [Member] | ||||
IFRS 9 Model Sensitivity [Line Items] | ||||
GDP Growth Rates In Mn | € 73.3 | € 55.5 | ||
Unemployment Rates in mn | 35.8 | 25.4 | ||
Real Estate Prices in mn | 6 | 4.2 | ||
Equities in mn | 14.7 | 9.4 | ||
Credit Spreads in mn | 44.3 | 23.5 | ||
Commodities in mn | € 20.1 | [1] | € 16.2 | [2] |
[1] 1 ECL impacts for Stages 1 and 2 are determined from one sigma downward and upward shift. A sigma shift is a standard deviation used in statistics and probability calculations and is a measure of the dispersion of the values of a random variable 1 |
IFRS 9 Impairment (Detail_ Text
IFRS 9 Impairment (Detail: Text Values) | 3 Months Ended | ||
Jun. 30, 2022 EUR (€) | Mar. 31, 2022 EUR (€) | Jun. 30, 2021 EUR (€) | |
IFRS 9 Impairment [Abstract] | |||
Release Of Overlays For Addressing Construction Risk | € 15,000,000 | ||
Of Which Released In First Quarter 2022 | 16,000,000 | ||
Of Which Released In Second Quarter 2022 | 40,000,000 | ||
Overlay Estimate For Recalibration Effect | 92,000,000 | ||
Provision For Credit Losses Due To Model Results First Quarter | € 292,000,000 | ||
Provision For Credit Losses Due To Model Results Second Quarter | 233,000,000 | ||
Of Which Corporate Bank In Second Quarter | 56,000,000 | € 20,000,000 | |
Of Which Investment Bank In Second Quarter | 72,000,000 | 2,000,000 | |
Of Which Private Bank In Second Quarter | 96,000,000 | 117,000,000 | |
Increase In Provision For Credit Losses Due To Model Results | 525,000,000 | € 144,000,000 | |
Allowance for credit losses related to forward looking information over concerns from gas supply from Russia and other market impacts | € 135,000,000 | ||
Downward shift across all MEVs of the sigma shocks reported in the sensitivity analysis | 50,000,000 | ||
Additional allowances for credit losses from Russian gas pipeline closure in bps | 20,000,000 |
Breakdown of total exposure a_2
Breakdown of total exposure and allowance for credit losses by stages to Russia (Detail) - EUR (€) € in Millions | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | ||
Total Exposure [Member] | |||
Breakdown of total exposure and allowance for credit losses to Russia by stages [Line Items] | |||
Stage 1 | € 732 | € 3,198 | |
Stage 2 | 1,560 | 332 | |
Stage 3 | 291 | 3 | |
Total exposure to Russia by stages | 2,583 | 3,534 | |
Allowance For Credit Losses [Member] | |||
Breakdown of total exposure and allowance for credit losses to Russia by stages [Line Items] | |||
Stage 1 | [1] | 0 | 1 |
Stage 2 | [1] | 25 | 2 |
Stage 3 | [1] | 59 | 0 |
Total exposure to Russia by stages | [1] | 84 | 3 |
Total Collateral and Gurantees [Member] | |||
Breakdown of total exposure and allowance for credit losses to Russia by stages [Line Items] | |||
Stage 1 | 237 | 648 | |
Stage 2 | 614 | 263 | |
Stage 3 | 125 | 2 | |
Total exposure to Russia by stages | € 977 | € 913 | |
[1] 1 |
Exposure To Russia (Detail_ Tex
Exposure To Russia (Detail: Text Values) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | |
Exposure to Russia [Abstract] | ||
Total Groups loan exposure to Russia | € 1,300,000,000 | € 1,400,000,000 |
Loan exposure to Russia as a percentage to total Groups Loan book in Percent | 300,000,000 | 300,000,000 |
Total Groups loan exposure to Russia after risk mitigants | € 500,000,000 | € 600,000,000 |
Additional undrawn loan commitment to Russia subject to ECA coverage and contractual drawdown protection | 400,000,000 | 1,000,000,000 |
Contingent exposure to Russia via written financial and trade guarantees | 100,000,000 | 500,000,000 |
Total Group exposure to Ukraine Net | 100,000,000 | 100,000,000 |
Overnight deposits with the Central Bank of Russia | 600,000,000 | 500,000,000 |
Total Groups capital position in Russia | € 400,000,000 | € 200,000,000 |
Of which foreign currency risk actively managed and fully hedged in percent | 45,000,000,000 | 80,000,000,000 |
Total assets of DB Moscow | € 1,600,000,000 | € 1,500,000,000 |
Total Group exposure to Russia | 2,600,000,000 | |
Total Groups undrawn commitments to Russia | € 400,000,000 |
Breakdown Of Covid 19 Related_2
Breakdown Of Covid 19 Related Measures by Stages (Detail) - EUR (€) € in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Legislative and non-legislative moratoria [Member] | Gross Carrying Amount [Member] | ||
Breakdown of COVID-19 related measures by stages [Line Items] | ||
Stage 1 | € 4,779 | € 5,381 |
Stage 2 | 1,233 | 1,288 |
Stage 3 | 669 | 698 |
Total exposure in light of COVID-19 | 6,681 | 7,368 |
Legislative and non-legislative moratoria [Member] | Expected Credit Losses [Member] | ||
Breakdown of COVID-19 related measures by stages [Line Items] | ||
Stage 1 | (7) | (10) |
Stage 2 | (25) | (30) |
Stage 3 | (167) | (162) |
Total exposure in light of COVID-19 | (199) | (202) |
COVID-19 related forbearance measures [Member] | Gross Carrying Amount [Member] | ||
Breakdown of COVID-19 related measures by stages [Line Items] | ||
Stage 1 | 2,674 | 3,330 |
Stage 2 | 2,091 | 2,602 |
Stage 3 | 698 | 965 |
Total exposure in light of COVID-19 | 5,463 | 6,897 |
COVID-19 related forbearance measures [Member] | Expected Credit Losses [Member] | ||
Breakdown of COVID-19 related measures by stages [Line Items] | ||
Stage 1 | (5) | (6) |
Stage 2 | (23) | (31) |
Stage 3 | (69) | (122) |
Total exposure in light of COVID-19 | (98) | (158) |
Public guarantee schemes [Member] | Gross Carrying Amount [Member] | ||
Breakdown of COVID-19 related measures by stages [Line Items] | ||
Stage 1 | 2,919 | 3,079 |
Stage 2 | 963 | 770 |
Stage 3 | 129 | 103 |
Total exposure in light of COVID-19 | 4,011 | 3,952 |
Public guarantee schemes [Member] | Expected Credit Losses [Member] | ||
Breakdown of COVID-19 related measures by stages [Line Items] | ||
Stage 1 | (3) | (2) |
Stage 2 | (9) | (9) |
Stage 3 | (24) | (14) |
Total exposure in light of COVID-19 | € (36) | € (25) |
Breakdown Of Covid 19 Related_3
Breakdown Of Covid 19 Related Measures by Stages (Detail: Text Values) | 6 Months Ended |
Jun. 30, 2022 EUR (€) | |
Measures in Context of Covid 19 [Abstract] | |
Clients who continue to perform their obligations under forbearance measures in percent | 87,000,000,000 |
Clients who took advantage of moratoria continue to make regular payments in percent | 95,000,000,000 |
Loans granted in Germany via programs sponsored by KfW | € 1,600,000,000 |
of which derecognized as the terms of the loan and guarantee met the criteria for derecognition under IFRS 9 | 300,000,000 |
Loans originated in Spain | 1,900,000,000 |
Loans originated in Luxembourg | 500,000,000 |
Loans granted in Corporate Bank | 2,100,000,000 |
Loans granted in Private Bank | € 1,800,000,000 |
Loans that were granted public guarantees that continue to make regular repayments in percent | 97,000,000,000 |
Loans outstanding under the public guarantee scheme | € 4,300,000,000 |
Remaining balance of COVID-19 elated forbearance measures | € 5,500,000,000 |
Provisions - Parenthetical Inf
Provisions - Parenthetical Information Provisions (Detail: Text Values) - EUR (€) € in Millions | 6 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | |
Provisions [Abstract] | ||
Total Provisions recognized by the Group on balance sheet | € 2,500 | € 2,600 |
Civil litigation matters [Abstract] | ||
Provisions | 600 | 600 |
Aggregate future loss, more than remote but less than probable | 1,800 | 1,700 |
Decrease in civil litigation provisions | 57 | |
Release in litigation provisions regarding BGH | 71 | |
Regulatory enforcement matters [Abstract] | ||
Provisions | 600 | 500 |
Aggregate future loss, more than remote but less than probable | 100 | € 100 |
Increase in provisions for Regulatory enforcement matters | € 165 |
Long-Term Debt (Detail)
Long-Term Debt (Detail) - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Debt Seniority [Domain Member] | ||
By remaining maturities [Abstract] | ||
Total long-term debt | € 143,924 | € 144,485 |
Senior debt, Bonds and notes [Member] | ||
By remaining maturities [Abstract] | ||
Fixed rate | 62,926 | 63,446 |
Floating rate | 15,657 | 18,182 |
Other | 53,682 | 53,960 |
Subordinated debt, Bonds and notes [Member] | ||
By remaining maturities [Abstract] | ||
Fixed rate | 9,839 | 7,191 |
Floating rate | 1,526 | 1,412 |
Other | € 293 | € 293 |
Credit related Commitments an_3
Credit related Commitments and Contingent Liabilities - Credit Related Commitments and Contingent Liabilities (Detail) - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Commitments and Contingent Liabilities [Line Items] | ||
Irrevocable lending commitments | € 195,566 | € 177,334 |
Revocable lending commitments | 47,977 | 49,798 |
Contingent liabilities | 64,899 | 59,394 |
Total | € 308,442 | € 286,525 |
Credit related Commitments an_4
Credit related Commitments and Contingent Liabilities - Other Commitments and Contingent Liabilities (Detail) - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Other Commitments and Contingent Liabilities [Abstract] | ||
Other commitments | € 125 | € 163 |
Other contingent liabilities | 75 | 77 |
Total | € 200 | € 240 |
Credit related Commitments an_5
Credit related Commitments and Contingent Liabilities - Irrevocable payment commitments with regard to levies (Detail: Text Values) - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Commitments and Contingent Liabilities [Abstract] | ||
Irrevocable payment commitments related to bank levy according to Bank Recovery and Resolution Directive (BRRD), the Single Resolution Fund (SRF) and the German statutory deposit protection | € 1,198.2 | € 1,078.8 |
Related Party Transactions - Tr
Related Party Transactions - Transactions with Subsidiaries, Joint Ventures and Associates - Loans Issued and Guarantees Granted (Detail) - EUR (€) € in Millions | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2022 | Dec. 31, 2021 | ||||
Loans (Transactions with Subsidiaries, Joint Ventures and Associates) | |||||
Loans outstanding, beginning of period | € 153 | [1],[2] | € 214 | ||
Movement in loans during the period | (50) | 159 | |||
Changes in the group of consolidated companies | 0 | 0 | |||
Exchange rate changes/other | 2 | (221) | [1] | ||
Loans outstanding, end of period | [2] | 105 | 153 | [1] | |
Other credit risk related transactions: | |||||
Allowance for loan losses | 0 | 0 | |||
Provision for loan losses | 0 | 0 | |||
Guarantees and commitments | € 91 | € 28 | |||
[1]Prior years' comparatives aligned to presentation in the current year.[2]There were no past due loans as of June 30, 2022 and December 31, 2021. For the above loans, the Group held collateral of € 0 million € 0 million |
Related Party Transactions - _2
Related Party Transactions - Transactions with Subsidiaries, Joint Ventures and Associates - Deposits Received (Detail) - EUR (€) € in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Deposits (Transactions with Subsidiaries, Joint Ventures and Associates) | ||
Deposits, beginning of period | € 63 | € 49 |
Movement in deposits during the period | (23) | 14 |
Changes in the group of consolidated companies | 0 | 0 |
Exchange rate changes/other | 0 | 0 |
Deposits, end of period | € 41 | € 63 |
Related Party Transactions - Ke
Related Party Transactions - Key Mgm - Guarantees - Loans past due - Other Transactions (Detail: Text Values) - EUR (€) € in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Loans Issued and Guarantees Granted [Abstract] | ||
Key Management Loans and commitments | € 5 | € 8 |
Key Management Deposits | 13 | 13 |
Collateral held for loans outstanding | 0 | 0 |
Trading assets and positive market values from derivative financial transactions with associated companies | 18 | 2 |
Trading liabilities and negative market values from derivative financial transactions with associated companies | 0 | 0 |
Other assets related to transactions with associated companies | 38 | 42 |
Other liabilities related to transactions with associated companies | € 5 | € 1 |
Non-Current Assets and Dispos_2
Non-Current Assets and Disposal Groups Held for Sale - Components of Other Non-Current Assets and Disposal Groups Held for Sale (Detail: Text Values) - EUR (€) | Jun. 30, 2022 | Dec. 31, 2021 |
Components of Other Non-Current Assets and Disposal Groups Held for Sale [Abstract] | ||
Total assets held for sale | € 908,000,000 | € 398,000,000 |
Liabilities included in disposal groups | € 2,100,000,000 | 252,000,000 |
Unrealized net gains or losses relating to non-current assets and disposal groups classified as held for sale recognized directly in accumulated other comprehensive income (loss) | € 0 | |
Transfer of Global Prime Finance and Electronic Equities platform to BNP Paribas S.A. [Abstract] | ||
Percentage Stake in jointventure with BlackFin | 0.30 |
IBOR Transition (Detail)
IBOR Transition (Detail) - EUR (€) € in Millions | Jun. 30, 2022 | Dec. 31, 2021 | |||
USD LIBOR [Member] | |||||
Interest Rate Benchmark Reform [Line Items] | |||||
Total financial assets | € 3,172,780 | € 2,894,005 | |||
Non-Derivative Financial assets [Abstract] | |||||
Non-Derivative Financial Assets | 44,392 | 64,584 | |||
Loans | 41,563 | 62,403 | |||
Other | 2,830 | 2,181 | |||
Derivative Financial assets [Abstract] | |||||
Derivative Financial Assets | 3,128,387 | [1] | 2,829,421 | [2] | |
Total financial liabilities | 3,057,020 | 2,686,766 | |||
Non-Derivative Financial liabilities [Abstract] | |||||
Total Non-Derivative Financial Liabilities | 28,081 | 17,403 | |||
Bonds | 8,284 | 6,561 | |||
Deposits | 19,637 | 10,809 | |||
Other | 159 | 32 | |||
Derivative Financial liabilities [Abstract] | |||||
Derivative Financial Liabilities | 3,028,939 | [1] | 2,669,363 | [2] | |
Off-balance sheet [Abstract] | |||||
Off-balance sheet | € 59,460 | 73,166 | |||
GBP LIBOR [Member] | |||||
Interest Rate Benchmark Reform [Line Items] | |||||
Total financial assets | 356,907 | ||||
Non-Derivative Financial assets [Abstract] | |||||
Non-Derivative Financial Assets | 5,605 | ||||
Loans | 5,478 | ||||
Other | 127 | ||||
Derivative Financial assets [Abstract] | |||||
Derivative Financial Assets | [2] | 351,302 | |||
Total financial liabilities | 321,471 | ||||
Non-Derivative Financial liabilities [Abstract] | |||||
Total Non-Derivative Financial Liabilities | 41 | ||||
Other | 41 | ||||
Derivative Financial liabilities [Abstract] | |||||
Derivative Financial Liabilities | [2] | 321,430 | |||
Off-balance sheet [Abstract] | |||||
Off-balance sheet | 498 | ||||
CHF LIBOR [Member] | |||||
Interest Rate Benchmark Reform [Line Items] | |||||
Total financial assets | 47,247 | ||||
Non-Derivative Financial assets [Abstract] | |||||
Non-Derivative Financial Assets | 182 | ||||
Loans | 182 | ||||
Derivative Financial assets [Abstract] | |||||
Derivative Financial Assets | [2] | 47,065 | |||
Total financial liabilities | 45,442 | ||||
Derivative Financial liabilities [Abstract] | |||||
Derivative Financial Liabilities | [2] | 45,442 | |||
Off-balance sheet [Abstract] | |||||
Off-balance sheet | 40 | ||||
JPY LIBOR [Member] | |||||
Interest Rate Benchmark Reform [Line Items] | |||||
Total financial assets | 523,593 | ||||
Non-Derivative Financial assets [Abstract] | |||||
Non-Derivative Financial Assets | 66 | ||||
Loans | 59 | ||||
Other | 7 | ||||
Derivative Financial assets [Abstract] | |||||
Derivative Financial Assets | [2] | 523,527 | |||
Total financial liabilities | 502,571 | ||||
Derivative Financial liabilities [Abstract] | |||||
Derivative Financial Liabilities | [2] | 502,571 | |||
Off-balance sheet [Abstract] | |||||
Off-balance sheet | 95 | ||||
EONIA [Member] | |||||
Interest Rate Benchmark Reform [Line Items] | |||||
Total financial assets | 9,578 | ||||
Non-Derivative Financial assets [Abstract] | |||||
Non-Derivative Financial Assets | 536 | ||||
Loans | 363 | ||||
Other | 173 | ||||
Derivative Financial assets [Abstract] | |||||
Derivative Financial Assets | [2] | 9,042 | |||
Total financial liabilities | 7,840 | ||||
Non-Derivative Financial liabilities [Abstract] | |||||
Total Non-Derivative Financial Liabilities | 689 | ||||
Deposits | 664 | ||||
Other | 25 | ||||
Derivative Financial liabilities [Abstract] | |||||
Derivative Financial Liabilities | [2] | 7,151 | |||
Off-balance sheet [Abstract] | |||||
Off-balance sheet | 1,963 | ||||
Other IBORs [Member] | |||||
Interest Rate Benchmark Reform [Line Items] | |||||
Total financial assets | 40,971 | ||||
Non-Derivative Financial assets [Abstract] | |||||
Non-Derivative Financial Assets | 469 | ||||
Loans | 469 | ||||
Derivative Financial assets [Abstract] | |||||
Derivative Financial Assets | [2] | 40,503 | |||
Total financial liabilities | 38,650 | ||||
Derivative Financial liabilities [Abstract] | |||||
Derivative Financial Liabilities | [2] | 38,650 | |||
Off-balance sheet [Abstract] | |||||
Off-balance sheet | 33 | ||||
Multiple basis [Member] | |||||
Interest Rate Benchmark Reform [Line Items] | |||||
Total financial assets | [3] | 167,050 | |||
Derivative Financial assets [Abstract] | |||||
Derivative Financial Assets | [2],[3] | 167,050 | |||
Total financial liabilities | [3] | 144,217 | |||
Derivative Financial liabilities [Abstract] | |||||
Derivative Financial Liabilities | [2],[3] | € 144,217 | |||
[1]The Group also has exposure to interest rate benchmark reform in respect of its cash collateral balances across some of its Credit Support Annex agreements. This exposure is not presented in the table due to its short term nature[2]The Group also has exposure to interest rate benchmark reform in respect of its cash collateral balances across some of its Credit Support Annex agreements. This exposure is not presented in the table due to its short term nature[3]Multiple basis relates to underlying contracts utilizing multiple benchmarks subject to reforms, (e.g. floating- floating interest rate swaps which have cash flows in GBP IBOR and USD IBOR). |
IBOR Transition (Detail_ Text V
IBOR Transition (Detail: Text Values) € in Millions | Dec. 31, 2021 EUR (€) |
IBOR transition [Abstract] | |
Notional value of tough legacy contracts | € 1,150 |