v3.25.4
Business Segments and Related Information - Corporate Divisions - Private Bank (Detail)
€ in Millions
 12 Months Ended
Dec. 31, 2025
EUR (€)
employee
Dec. 31, 2024
EUR (€)
employee
Dec. 31, 2023
EUR (€)
employee
Net revenues      
Total net revenues [1] € 31,434 € 31,504 € 31,155
Of which:      
Net interest income 15,673 15,161 16,122
Net commission and fee income 10,891 10,372 9,206
Provision for credit losses 1,707 1,830 1,505
Noninterest expenses      
Compensation and benefits 11,813 11,731 11,131
General and administrative expenses 8,860 11,243 10,112
Impairment of goodwill and other intangible assets 0 0 233
Restructuring activities (15) (3) 220
Total noninterest expenses 20,658 22,971 21,695
Noncontrolling interests 0 0 0
Profit (loss) before income taxes € 9,069 € 6,703 € 7,955
Employees (full-time equivalent) | employee 89,879 89,753 90,130
Assets € 1,440,000 € 1,391,000 € 1,317,000
of which: operational risk RWA 63,000 [2] 58,000 [3] 57,000 [4]
Deposits 695,000 668,000 625,000
Loans (gross of allowance for loan losses) € 484,000 € 490,000 € 485,000
Cost/income ratio 65.70% [5] 72.90% [6] 69.60% [7]
Private Bank      
Net revenues      
Personal Banking [8] € 5,284 € 5,253 € 5,442
Wealth Management and Private Banking [8],[9] 4,381 4,133 4,128
Total net revenues 9,665 9,386 9,571
Of which:      
Net interest income 6,169 5,786 6,156
Net commission and fee income 2,999 2,956 2,852
Remaining income 497 643 563
Provision for credit losses 578 851 783
Noninterest expenses      
Compensation and benefits 2,795 2,938 2,808
General and administrative expenses 3,958 4,395 4,718
Impairment of goodwill and other intangible assets 0 0 0
Restructuring activities (15) (3) 228
Total noninterest expenses 6,738 7,331 7,755
Noncontrolling interests 0 0 0
Profit (loss) before income taxes € 2,348 € 1,204 € 1,032
Employees (front office full time equivalent) | employee [10] 15,840 17,053 18,483
Employees (business aligned operations full time equivalent) | employee [10] 7,497 7,842 7,780
Employees (allocated central infrastructure, full-time equivalent) | employee [10] 12,106 12,164 12,202
Employees (full-time equivalent) | employee [10] 35,443 37,059 38,465
Assets [10],[11] € 316,000 € 324,000 € 331,000
Risk-weighted assets [10] 92,000 97,000 86,000
of which: operational risk RWA [10],[12] 15,000 [2] 14,000 [3] 8,000 [4]
Leverage exposure [10] 326,000 336,000 339,000
Deposits [9] 329,000 320,000 308,000
Loans (gross of allowance for loan losses) [10] 247,000 257,000 261,000
Assets under Management [10],[13] 685,000 634,000 579,000
Net flows € 27,000 € 29,000 € 23,000
Cost/income ratio [14] 69.70% [5] 78.10% [6] 81.00% [7]
Post-tax return on average shareholders equity [15],[16] 10.10% 5.10% 4.50%
Post-tax return on average tangible shareholders' equity [15],[16] 10.50% 5.10% 4.80%
[1] Consolidated net revenues comprise interest and similar income, interest expenses and total noninterest income (including net commission and fee income); revenues are
attributed to countries based on the location in which the Group’s booking office is located; the location of a transaction on the Group’s books is sometimes different
from the location of the headquarters or other offices of a customer and different from the location of the Group’s personnel who entered into or facilitated the
transaction; where the Group records a transaction involving its staff and customers and other third parties in different locations frequently depends on other
considerations, such as the nature of the transaction, regulatory considerations and transaction processing considerations
[2] 4 Starting from the first quarter of 2024, the allocation of operational risk RWA has changed. For more information, please refer to section “Note 04 - Business segments
and related information” of this report
[3] Starting from the first quarter of 2024, the allocation of operational risk RWA has changed. Prior periods have been updated accordingly. For more information, please
refer to section “Note 04 - Business segments and related information” of this report
[4] Starting from the first quarter of 2024, the allocation of operational risk RWA has changed. Prior periods have been updated accordingly. For more information, please
refer to section “Note 04 - Business segments and related information” of this report
[5] 7Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income
[6] 6Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income
[7] Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income
[8] 1 Starting from the first quarter of 2025, a portion of certain European Personal Banking clients have been transferred to the Wealth Management segment. This change
reflects adjustments in the Private Bank client's classification to better align financial reporting with the underlying business structure. Prior year’s comparatives are
presented in the current reporting structure
[9] 2Starting from the fourth quarter of 2025, the Private Bank renamed “Wealth Management & Private Banking” to “Wealth Management”
[10] 3As of year-end
[11] 4Segment assets are presented on a consolidated basis, i.e., the amounts do not include intersegment balances
[12] 5Starting from the first quarter of 2024, the allocation of operational risk RWA has changed. For more information, please refer to section “Note 04 - Business segments
and related information” of this report
[13] 6Assets under Management include assets held on behalf of customers for investment purposes and/or client assets that are advised or managed by Deutsche Bank. They
are managed on a discretionary or advisory basis or are deposited with the bank. Deposits are considered Assets under Management if they serve investment purposes. In
Personal Banking, this includes Term deposits and Savings deposits. In Wealth Management (excl. Business Banking), it is assumed that all customer deposits are held
with the bank primarily for investment purposes and accordingly are classified as Assets under Management. In instances in which the Private Bank distributes investment
products qualifying as Assets under Management which are managed by DWS, these assets are reported as Assets under Management for Private Bank and for Asset
Management (DWS) because they are two distinct, independent qualifying services
[14] 7Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income
[15] 8Starting from the first quarter of 2024, the equity allocation framework has been updated. For more information, please refer to section “Note 04 - Business segments and
related information” of this report
[16] 9For the post-tax return on average shareholders’ equity and average tangible shareholders’ equity of the segments, the Group effective tax rate was adjusted to exclude
the impact of permanent differences not attributed to the segments, so that the segment tax rates were 28% for the years 2025, 2024 and 2023; for further information,
please refer to “Supplementary Information (Unaudited): Non-GAAP Financial Measures” of this report