Deutsche Bank AG Annual Report 2025

Deutsche Bank AG reported a record-breaking year in 2025, achieving all its ambitious financial goals. The bank's pre-tax profit reached €9.7 billion, a significant increase from the previous year, with net profit at €7.1 billion. Total revenues grew by 7% to €32.1 billion, marking the sixth consecutive annual increase. The cost/income ratio improved to 64% due to disciplined cost management and revenue growth, enabling investments in technology and client platforms. The post-tax return on tangible shareholders' equity (RoTE) rose to 10.3%, meeting the target of over 10%. The bank maintained a strong balance sheet with a Common Equity Tier 1 (CET1) ratio of 14.2%, exceeding its target range. Deutsche Bank proposed a dividend of €1.00 per share for 2025 and planned further share buybacks, bringing total capital distributions for 2021-2025 to €8.5 billion. All four business segments – Corporate Bank, Investment Bank, Private Bank, and Asset Management – showed improved profitability, with all achieving double-digit RoTE. The bank is committed to sustainability, setting a new target for cumulative sustainable and transition finance volumes of €900 billion by 2030. Investments in controls to combat financial crime exceeded €1 billion in 2025, with cumulative investments from 2019 to 2025 surpassing €7 billion. The bank aims to become the "European champion" by scaling its Global Hausbank model, targeting a post-tax RoTE of over 13% and a cost/income ratio below 60% by 2028. For 2026, revenues are projected around €33 billion with non-interest expenses slightly above €21 billion. The bank plans to increase its payout ratio to 50-60% from 2026 onwards.