Deutsche Bank Aktiengesellschaft (DB): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de las finanzas globales, Deutsche Bank Aktiengesellschaft emerge como un jugador fundamental, tejiendo un intrincado modelo de negocio que trasciende los paradigmas bancarios tradicionales. Al integrar estratégicamente las tecnologías digitales de vanguardia, los servicios financieros integrales y una red global robusta, Deutsche Bank ha creado un enfoque sofisticado que aborda las complejas necesidades de los gigantes corporativos, las personas de alto valor de la red y las empresas emergentes del mercado. Este lienzo de modelo de negocio deconstruye el marco innovador del banco, revelando cómo navega por las intrincadas intersecciones de tecnología, relaciones con los clientes y experiencia financiera para ofrecer un valor incomparable en un ecosistema financiero cada vez más competitivo.

Deutsche Bank Aktiengesellschaft (DB) - Modelo de negocio: asociaciones clave

Alianzas estratégicas con empresas de tecnología financiera global

Deutsche Bank ha establecido asociaciones de tecnología estratégica con las siguientes empresas clave:

Socio tecnológico	Enfoque de asociación	Año iniciado
SAVIA	Infraestructura financiera basada en la nube	2019
Microsoft Azure	Computación en la nube e integración de IA	2020
Salesforce	Gestión de la relación con el cliente	2018

Colaboración con bancos de inversión internacionales

La red de colaboración de banca de inversión de Deutsche Bank incluye:

• Goldman Sachs - Transacciones conjuntas de mercados de capitales
• JPMorgan Chase - Estrategias de inversión transfronteriza
• Morgan Stanley - Servicios al cliente institucionales

Asociaciones con proveedores de tecnología de cumplimiento regulatorio

Socio de cumplimiento	Solución tecnológica	Inversión anual
Nasdaq	Sistemas de informes regulatorios	42 millones de euros
IBM	Tecnologías contra el lavado de dinero	35 millones de euros

Empresas conjuntas en servicios financieros del mercado emergente

Las asociaciones del mercado emergente de Deutsche Bank incluyen:

• China Construction Bank - Alianza estratégica en el mercado chino
• Credicorp (Perú) - Servicios de banca corporativa
• Standard Bank Group (Sudáfrica) - Soluciones financieras transfronterizas

Asociaciones del ecosistema con plataformas de pago digital

Plataforma de pago	Servicios de integración	Volumen de transacción
Apple Pay	Integración de pagos móviles	€ 2,3 mil millones (2023)
Pago de Google	Servicios de billetera digital	1.700 millones de euros (2023)
Paypal	Soluciones de pago transfronterizas	1.500 millones de euros (2023)

Deutsche Bank Aktiengesellschaft (DB) - Modelo de negocio: actividades clave

Servicios de banca corporativa y de inversión

La división de banca corporativa y de inversión de Deutsche Bank generó € 8.4 mil millones en ingresos en 2023. Las actividades clave incluyen:

• Suscripción de deuda y capital
• Aviso de fusiones y adquisiciones
• Financiación de los mercados de capitales

Categoría de servicio	Ingresos (2023)	Cuota de mercado
Suscripción de deuda	3.200 millones de euros	7.5%
Suscripción de capital	1.800 millones de euros	5.9%
Aviso de fusiones y adquisiciones	2,4 mil millones de euros	6.3%

Gestión de patrimonio y gestión de activos

El segmento de gestión de patrimonio reportó 4,1 mil millones de euros en ingresos para 2023.

• Gestión de patrimonio privado
• Servicios de gestión de activos
• Aviso de inversión

Métricas de gestión de activos	Valor 2023
Activos totales bajo administración	782 mil millones de euros
Número de clientes de gestión de patrimonio	1.3 millones

Banca de transacciones globales

Global Transaction Banking generó 3,6 mil millones de euros en ingresos en 2023.

• Gestión de efectivo
• Finanzas comerciales
• Servicios de valores

Servicios de banca de transacción	Volumen de transacción	Ganancia
Gestión de efectivo	€ 1.7 billones	1.500 millones de euros
Finanzas comerciales	482 mil millones de euros	1.100 millones de euros

Transformación e innovación bancaria digital

Deutsche Bank invirtió € 1.2 mil millones en iniciativas de transformación digital en 2023.

• Plataformas de banca digital
• IA e integración de aprendizaje automático
• Mejoras de ciberseguridad

Gestión de riesgos y asesoramiento financiero

La división de gestión de riesgos asignó € 2.5 mil millones para el cumplimiento y la mitigación de riesgos en 2023.

• Cumplimiento regulatorio
• Gestión de riesgos de crédito
• Evaluación de riesgos de mercado

Métricas de gestión de riesgos	Valor 2023
Presupuesto de cumplimiento	2.500 millones de euros
Inversiones de mitigación de riesgos	1.300 millones de euros

Deutsche Bank Aktiengesellschaft (DB) - Modelo de negocio: recursos clave

Extensa red financiera global e infraestructura

Deutsche Bank opera en 58 países de todo el mundo con 1,959 sucursales y oficinas a partir de 2023. La inversión total en infraestructura física es de € 3.4 mil millones.

Presencia geográfica	Número de ubicaciones
Total de países	58
Total de ramas/oficinas	1,959
Inversión en infraestructura	3.400 millones de euros

Plataformas avanzadas de tecnología de banca digital

Deutsche Bank ha invertido 1.200 millones de euros en transformación digital e infraestructura tecnológica en 2023.

• Plataformas de banca digital: sistemas tecnológicos de 5 centrales
• Presupuesto anual de I + D de tecnología: 752 millones de euros
• Inversión de ciberseguridad: 286 millones de euros

Profesionales y analistas financieros altamente calificados

Categoría de empleado	Número
Total de empleados	85,126
Titulares de grado avanzado	62% de la fuerza laboral
Grupo de talentos globales	40 nacionalidades representadas

Reservas de capital fuertes y estabilidad financiera

Las reservas financieras y las métricas de capital de Deutsche Bank a partir del cuarto trimestre de 2023:

• Relación de nivel de equidad común 1 (CET1): 13.7%
• Reservas totales de capital: € 68.3 mil millones
• Relación de cobertura de liquidez: 146%

Capacidades completas de análisis de datos

Métricas de análisis de datos	Figuras
Inversión anual de análisis de datos	412 millones de euros
AI y sistemas de aprendizaje automático	37 plataformas activas
Capacidad de procesamiento de datos	2.6 petabytes por día

Deutsche Bank Aktiengesellschaft (DB) - Modelo de negocio: propuestas de valor

Soluciones financieras integradas para clientes corporativos e individuales

Deutsche Bank reportó ingresos totales de € 26.4 mil millones en 2023. El segmento de banca corporativa generó € 10.2 mil millones en ingresos. La división de banca de inversión contribuyó con € 7.8 mil millones.

Segmento de clientes	Ingresos (mil millones)	Cuota de mercado
Clientes corporativos	10.2	18.5%
Clientes individuales	6.5	12.3%

Experiencia bancaria digital avanzada

El volumen de transacciones digitales alcanzó los 487 millones en 2023. Los usuarios de la banca móvil aumentaron a 14.6 millones. Las plataformas de banca en línea procesaron 215 mil millones de euros en transacciones.

• Descargas de aplicaciones de banca móvil: 3.2 millones
• Transacciones de pago digital: 287 millones
• Tiempo de actividad de la plataforma de banca digital: 99.98%

Servicios financieros globales integrales

Deutsche Bank opera en 58 países con 85,000 empleados. Los ingresos de la banca de transacciones globales alcanzaron los 4,6 mil millones de euros en 2023.

Región	Ingresos (mil millones)	Base de clientes
Europa	15.7	2.3 millones
América	6.9	1.1 millones
Asia-Pacífico	4.2	0.7 millones

Estrategias de gestión de patrimonio personalizadas

El segmento privado de gestión de patrimonio generó € 3.8 mil millones en ingresos. Tamaño promedio de la cartera: € 2.4 millones por cliente.

• Clientes de alto nivel de red: 45,000
• Rendimiento anual promedio: 6.7%
• Estrategias de inversión personalizadas: 92% de satisfacción del cliente

Opciones de inversión sostenibles y éticas

Portafolio de inversión sostenible valorada en € 47.5 mil millones. Las inversiones centradas en ESG crecieron un 22% en 2023.

Categoría de inversión	Valor (€ mil millones)	Índice de crecimiento
Enlaces verdes	12.3	18%
Fondos de capital sostenible	22.7	25%
Inversión de impacto	12.5	15%

Deutsche Bank Aktiengesellschaft (DB) - Modelo de negocio: Relaciones con los clientes

Equipos dedicados de gestión de relaciones

Deutsche Bank opera 1,536 gerentes de relaciones orientados al cliente a nivel mundial a partir del cuarto trimestre de 2023. El Banco atiende a aproximadamente 18 millones de clientes minoristas y corporativos en 58 países.

Segmento de clientes	Gerentes de relaciones	Tamaño promedio de la cartera
Banca corporativa	687	425 millones de euros por gerente
Banca privada	459	215 millones de euros por gerente
Banca minorista	390	85 millones de euros por gerente

Plataformas de autoservicio digital

Las plataformas digitales de Deutsche Bank registraron 9.2 millones de usuarios digitales activos en 2023, con el 76% de las interacciones de los clientes a través de canales digitales.

• Descargas de aplicaciones de banca móvil: 3.4 millones
• Usuarios activos de banca en línea: 6.8 millones
• Volumen de transacción digital: € 287 mil millones

Consultoría financiera personalizada

El banco invirtió 124 millones de euros en servicios de asesoramiento financiero personalizado en 2023, ofreciendo estrategias de inversión personalizadas para personas de alto nivel de red.

Servicio de consultoría	Inversión promedio de clientes	Ingresos anuales
Gestión de patrimonio	€ 2.3 millones	876 millones de euros
Planificación de jubilación	€675,000	342 millones de euros

Estrategias de comunicación multicanal

Deutsche Bank utiliza 5 canales de comunicación primarios con un enfoque integrado:

• Soporte telefónico: 2.1 millones de interacciones con el cliente mensualmente
• Comunicación por correo electrónico: 3.7 millones de intercambios mensuales
• Chat en vivo: 890,000 interacciones mensuales
• Participación en las redes sociales: 1.2 millones de seguidores
• Consultas de sucursales: 425,000 reuniones mensuales en persona

Compromiso y soporte continuo del cliente

El banco mantiene un 92% Tasa de retención de clientes A través de estrategias de participación continua, invirtiendo 215 millones de euros en mejoras en la experiencia del cliente en 2023.

Métrico de compromiso	Rendimiento anual
Puntuación de satisfacción del cliente	8.7/10
Inversión de retención de clientes	215 millones de euros
Puntos de contacto anuales del cliente	62.4 millones

Deutsche Bank Aktiengesellschaft (DB) - Modelo de negocio: canales

Plataformas de banca en línea

La plataforma de banca en línea de Deutsche Bank atiende a 13.4 millones de clientes de banca digital a partir de 2023. La plataforma procesa aproximadamente 2.7 mil millones de transacciones digitales anuales con una confiabilidad del tiempo de actividad del 99.7%.

Métrica de banca digital	2023 estadísticas
Usuarios bancarios digitales totales	13.4 millones
Transacciones digitales anuales	2.7 mil millones
Tiempo de actividad de la plataforma	99.7%

Aplicaciones de banca móvil

La aplicación móvil de Deutsche Bank admite 8.6 millones de usuarios activos en las plataformas iOS y Android. La aplicación facilita 1,5 mil millones de transacciones móviles por año con una clasificación de satisfacción del usuario de 4.3/5.

• Usuarios totales de aplicaciones móviles: 8.6 millones
• Transacciones móviles anuales: 1.500 millones
• Satisfacción del usuario de la aplicación móvil: 4.3/5

Red de sucursales físicas

Deutsche Bank mantiene 1.721 sucursales físicas en 58 países a partir de 2023. La red de sucursales atiende a aproximadamente 17.9 millones de clientes minoristas y corporativos.

Detalles de la red de sucursales	2023 estadísticas
Ramas físicas totales	1,721
Países con presencia de ramas	58
Total de los clientes atendidos	17.9 millones

Servicios de banca telefónica

El Centro de Banca Teléfono de Deutsche Bank maneja 6.2 millones de interacciones del cliente mensualmente, con un tiempo de respuesta promedio de 2.7 minutos y una tasa de satisfacción del cliente del 92%.

Interfaces de asesoramiento financiero digital

La plataforma de asesoramiento financiero digital del banco atiende a 3,8 millones de usuarios, que ofrece recomendaciones de inversión personalizadas a través de algoritmos impulsados ​​por IA con una tasa de participación del usuario del 76%.

Métricas de la plataforma de asesoramiento digital	2023 estadísticas
Usuarios de asesoramiento digital total	3.8 millones
Tasa de participación del usuario	76%

Deutsche Bank Aktiengesellschaft (DB) - Modelo de negocio: segmentos de clientes

Clientes corporativos e institucionales

A partir de 2024, Deutsche Bank atiende a 15,000 clientes corporativos e institucionales a nivel mundial. Ingresos bancarios corporativos totales: € 8.3 mil millones.

Tipo de cliente	Ingresos anuales	Número de clientes
Corporaciones multinacionales	4,7 mil millones de euros	3,200
Instituciones financieras	2.100 millones de euros	5,600
Entidades gubernamentales	1.500 millones de euros	1,200

Individuos de alto nivel de red

Deutsche Bank administra € 245 mil millones en riqueza privada para clientes de alto nivel de red.

• Valor promedio de la cartera del cliente: € 12.5 millones
• Total de clientes de alto nivel de red: 19,600
• Distribución geográfica: 40% Europa, 35% América, 25% Asia-Pacífico

Empresas pequeñas y medianas

Deutsche Bank apoya a 85,000 empresas pequeñas y medianas (PYME) en los mercados.

Segmento de PYME	Préstamo total	Tamaño promedio del préstamo
Pymes de fabricación	17.6 mil millones de euros	€ 1.2 millones
PYME tecnológicas	12.3 mil millones de euros	€890,000
PYME del sector de servicios	€ 9.8 mil millones	€650,000

Clientes de banca minorista

Deutsche Bank atiende a 16.4 millones de clientes de banca minorista en 2024.

• Usuarios de banca digital: 9.2 millones
• Usuarios de banca móvil: 6.8 millones
• Saldo promedio de la cuenta: € 45,600

Inversores corporativos internacionales

Deutsche Bank administra € 672 mil millones en activos internacionales de inversión corporativa.

Región de inversión	Valor de activo	Número de inversores corporativos
Europa	312 mil millones de euros	2,800
América del norte	224 mil millones de euros	1,950
Asia-Pacífico	136 mil millones de euros	1,350

Deutsche Bank Aktiengesellschaft (DB) - Modelo de negocio: Estructura de costos

Inversiones de infraestructura tecnológica

En 2023, Deutsche Bank asignó 1.600 millones de euros por tecnología e inversiones de infraestructura digital. El gasto de infraestructura de TI del banco representó aproximadamente el 11.3% de sus gastos operativos totales.

Categoría de inversión tecnológica	Cantidad (€ millones)
Infraestructura de computación en la nube	462
Sistemas de ciberseguridad	378
Plataformas de análisis de datos	294
Actualización de sistemas bancarios centrales	466

Cumplimiento y gastos regulatorios

Los costos de cumplimiento de Deutsche Bank en 2023 totalizaron 1.200 millones de euros, lo que representa una parte significativa de sus gastos operativos.

• Cumplimiento contra el lavado de dinero (AML): 412 millones de euros
• Sistemas de informes regulatorios: 276 millones de euros
• Infraestructura de gestión de riesgos: € 512 millones

Compensación y capacitación de empleados

Los gastos totales de personal para Deutsche Bank en 2023 ascendieron a € 12.4 mil millones.

Categoría de compensación	Cantidad (€ millones)
Salarios base	8,760
Bonos de rendimiento	2,480
Programas de capacitación de empleados	164
Desarrollo profesional	96

Iniciativas de transformación digital

Deutsche Bank invirtió 1.100 millones de euros en iniciativas de transformación digital durante 2023.

• IA e implementación de aprendizaje automático: 324 millones de euros
• Desarrollo de la plataforma de banca digital: 412 millones de euros
• Integración de blockchain y fintech: 364 millones de euros

Costos de mantenimiento operativo global

Los gastos mundiales de mantenimiento operativo para Deutsche Bank en 2023 alcanzaron € 2.300 millones.

Categoría de mantenimiento operacional	Cantidad (€ millones)
Mantenimiento de la infraestructura física	612
Sistemas de red y comunicación	456
Costos operativos de la oficina global	782
Licencia de software y mantenimiento	450

Deutsche Bank Aktiengesellschaft (DB) - Modelo de negocio: flujos de ingresos

Tarifas de banca de inversión

En 2023, la división de banca de inversión de Deutsche Bank generó € 6.2 mil millones en ingresos. El desglose de las tarifas de banca de inversión incluye:

Categoría de tarifa	Ingresos (mil millones)
Aviso de fusiones y adquisiciones	1.8
Servicios de suscripción	2.4
Mercados de capital de deuda	1.5
Mercados de capital de renta variable	0.5

Ingresos de intereses de los préstamos

Los ingresos por intereses de Deutsche Bank para 2023 totalizaron € 14.3 mil millones, con la siguiente distribución del segmento:

• Ingresos de intereses bancarios corporativos: 7.200 millones de euros
• Ingresos de intereses bancarios minoristas: € 5.1 mil millones
• Ingresos por intereses de los mercados globales: € 2.0 mil millones

Comisiones de gestión de activos

Los ingresos de gestión de activos en 2023 alcanzaron € 3.6 mil millones, estructurados de la siguiente manera:

Segmento de gestión de activos	Ingresos de la Comisión (millones de euros)
Clientes institucionales	2,100
Clientes minoristas	1,000
Inversiones alternativas	500

Ingresos de la banca de transacciones

La banca de transacción generó € 4.5 mil millones en ingresos para 2023:

• Servicios de gestión de efectivo: € 2.3 mil millones
• Finanzas comerciales: 1.200 millones de euros
• Servicios de pago: € 1.0 mil millones

Cargos de servicio de asesoramiento financiero

Los servicios de asesoramiento financiero produjeron 2.100 millones de euros en ingresos durante 2023:

Tipo de servicio de asesoramiento	Ingresos (millones de euros)
Aviso de estrategia corporativa	850
Consultoría de gestión de riesgos	650
Aviso de transformación digital	600

Deutsche Bank Aktiengesellschaft (DB) - Canvas Business Model: Value Propositions

You're looking at the core offerings Deutsche Bank Aktiengesellschaft (DB) is using to anchor its position as the European champion. These value propositions are backed by concrete, recent financial performance, showing where the bank is directing its efforts as of late 2025.

Global Hausbank: Integrated Corporate and Investment Bank services.

The integrated approach is clearly translating into top-line performance. For the first half of 2025, net revenues for the group reached €16.3 billion. Looking at the longer nine-month period of 2025, net revenues were €24.4 billion, reflecting a 7% year-on-year growth. The bank emphasizes its leading franchises, such as holding the #1 Global non-US FIC (Fixed Income & Currencies) franchise and being recognized as the #1 World's Best Bank for Corporates. This integrated strength is key; for instance, cross-regional corridors contribute approximately 40% of revenues derived from multinational clients. That's a solid chunk of business flowing through their global network.

Cross-border financing and risk management for multinational firms.

This value proposition is intrinsically linked to the Global Hausbank strength. Deutsche Bank Aktiengesellschaft (DB) supports global supply chain shifts and offers strong capabilities across key cross-regional corridors. The bank also highlights its leading European position in SSA (Sovereigns, Supranationals and Agencies) issuance and EMEA cash rates. While specific NAV financing figures for Asia aren't public in these reports, the focus on cross-regional strength shows where the cross-border value is being realized.

Personalized wealth management for High-Net-Worth (HNW) clients.

Deutsche Bank Aktiengesellschaft (DB) is actively refining its service model here, recently restructuring its German business to consolidate services for wealthy and HNW clients into the Wealth Management unit for better efficiency. Assets under management across the Private Bank and Asset Management divisions stood at €645 billion as of H1 2025. Within the Private Bank specifically, net revenues in the second quarter of 2025 were €2.4 billion, with revenues in Wealth Management & Private Banking rising 2% year-on-year in H1 2025 to €1.1 billion. They are establishing specialized units like Wealth Planning Germany to advise on complex family assets and intergenerational wealth transfers. They are definitely putting structure behind the personalized advice.

Sustainable finance and ESG products.

This is a major area of focus, with tangible results reported through H1 2025. Deutsche Bank Aktiengesellschaft (DB) is pushing hard toward its goal of achieving €500 billion in cumulative sustainable financing and investment volumes between 2020 and 2025. By the end of H1 2025, the cumulative volume since January 1, 2020, reached €417 billion (excluding DWS). The second quarter of 2025 was the strongest sustainable finance quarter in four years, adding €28 billion. The breakdown of this cumulative volume shows where the activity is concentrated:

Business Division	Cumulative Volume Since Jan 2020 (by H1 2025)	Volume Added in Q2 2025
Investment Bank	€253 billion	€17 billion
Corporate Bank	€81 billion	€7 billion
Private Bank	€74 billion	€5 billion growth in ESG assets/lending

The Investment Bank has been the primary driver, accounting for €253 billion of the cumulative total.

Innovative financing solutions like NAV financing in Asia.

The bank is actively involved in landmark sustainable transactions, which demonstrates its capability in structuring complex, innovative deals. For example, in Q2 2025, Deutsche Bank Aktiengesellschaft (DB) was involved in:

• Acting as Joint Lead Manager for Slovenia's inaugural €1 billion sustainability-linked bond.
• Acting as Global Coordinator for NeXtWind's €1.4 billion debt financing deal.
• Lender, Mandated Lead Arranger, and Hedge Provider for Australia's first Renewable Energy Zone transmission network PPP.

These deals show the bank's capacity to structure significant, transition-linked financing, which is a core part of its value proposition for clients needing specialized solutions.

Deutsche Bank Aktiengesellschaft (DB) - Canvas Business Model: Customer Relationships

You're looking at how Deutsche Bank Aktiengesellschaft (DB) manages its client interactions across its core segments as of late 2025. The approach is clearly segmented, focusing high-touch service on high-value clients while pushing digital adoption elsewhere.

For the most affluent private clients, the relationship model is paramount. This segment, defined by significant assets, shows remarkable stickiness. Key performance indicators from 2024 demonstrated the success of this strategic shift, including a 95% client retention rate for private clients with assets over €1 million. Furthermore, revenue per relationship within the private bank increased by 5% in 2024.

This high-value focus is supported by dedicated human capital. Deutsche Bank Aktiengesellschaft (DB) intends to hire up to 250 bankers to support the expansion of its wealth management business across key regions, with most appointments scheduled for next year. The growth in client assets under management across the Private Bank and Asset Management sectors reached an increase of EUR 140 billion in the first nine months of 2025.

The advisory-led model is central to serving complex needs in the Corporate Bank and Private Bank. For corporate clients, the bank emphasizes financing and sales and trading for corporate clients, and the Corporate Bank's transaction banking is noted as a strategic moat that scales with corporate globalization and complexity. The Private Bank delivers advisory fees and lending. The growth in investment product revenues has been a key driver for the Private Bank.

Here's a look at the Private Bank's scale in the third quarter of 2025:

Metric	Value (End of Q3 2025)	Value (End of Q2 2025)
Assets under Management	€675 billion	€645 billion
Private Bank Net Revenues	€2.4 billion (Q3 2025)	€2.4 billion (Q2 2025)

On the retail and personal banking side, the relationship is heavily digitized. The banking client in 2025 is described as being empowered by digital bots and digitally assisted client advisors. These digital channels help customers perform a range of operations, including account balance checks, transfer transactions, bill payments, and even securities deals. Still, Deutsche Bank Aktiengesellschaft (DB) has faced challenges attracting older customers to use mobile services, which has slowed its adaptation to new digital demands. The bank significantly increased its investment in digital transformation in 2023, with total ICT investments amounting to approximately USD 4.9 billion.

The key relationship drivers for the high-value segments include:

• Dedicated coverage teams for Corporate Bank FIC clients showing revenue growth per FTE between 2021 and the forecast for 2025.
• A focus on relationship-driven acquisition blended with a service-based retention model.
• Net inflows into Private Bank and Asset Management of €66 billion during the first nine months of 2025.
• The Corporate Bank's cash management and trade finance revenues display high client retention.

Finance: draft 13-week cash view by Friday.

Deutsche Bank Aktiengesellschaft (DB) - Canvas Business Model: Channels

You're mapping out how Deutsche Bank Aktiengesellschaft (DB) gets its value propositions to its customers as of late 2025. It's a mix of massive global infrastructure and aggressive digital transformation, especially in the home market.

Global network of Investment Banking and Corporate Bank offices

Deutsche Bank Aktiengesellschaft maintains its global reach, which is a key channel for its Investment Bank and Corporate Bank segments. As of Q3 2025, the bank's Total Assets stood at €1.391 trillion. While the most recent specific country count is from 2018, at that time the network spanned 58 countries across Europe, the Americas, and Asia, positioning it to serve global corporate and institutional clients. The bank reaffirmed its FY 2025 net revenue target at around €32 billion, showing the scale of activity flowing through these global channels. The Investment Bank unit is expected to see revenue consensus estimates around €11.3 billion for 2025.

Here's a look at the scale of the Investment Bank's activity, which heavily relies on these global desks:

Metric	Value (2025 Data)	Period/Context
Investment Bank Revenue Estimate	€11.3 billion	Consensus for FY 2025
Investment Bank Bonus Pool Growth (2024)	32 per cent	Year-over-year increase for 2024 work
High Earners (> €1M Total Pay)	647 individuals	As of year-end 2024

Physical branch network in Germany (undergoing significant reduction)

The physical footprint in Germany, the bank's home market, is actively being streamlined. Deutsche Bank Aktiengesellschaft is executing a planned reduction in its retail distribution channels. This involved closing a 'mid-double-digit number' of smaller outlets, with reports indicating around 50 closures planned for 2025. This follows a network that previously stood at approximately 400 branches. Furthermore, the bank is trimming headcount in the retail bank by around 2,000 people in 2025 as part of this efficiency drive. The strategic goal for 2025 included finalizing IT platform consolidation in Germany to support this shift.

The Corporate Bank segment showed strong resilience in its physical/digital interface channel performance, with a Q3 2025 Post-Tax Return on Tangible Equity (RoTE) of 16.2% and a Cost-Income Ratio of 63% for the quarter.

Dedicated digital platforms and mobile apps for all segments

Digital channels are central to the strategy, especially for the Private Bank and Retail segments. The bank is actively investing to upgrade its app and add more digital services in 2025. This aligns with broader market trends; in Germany, it is estimated that over 70% of all banking transactions will be conducted digitally in 2025. Across the globe, a survey indicated that 77% of banking interactions are now happening through digital channels. This digital focus helps concentrate personal contact where it's most needed.

• Digital banking interactions globally: 77%
• Estimated digital transaction share in Germany: Over 70% (2025)
• FY 2025 Net Interest Income (NII) guidance across key segments: ~€13.6 billion

Sales and trading desks for market access and execution

The Sales and Trading desks remain critical for market access and liquidity provision, particularly for the Investment Bank. The bank reported 7% year-on-year revenue growth in Q3 2025, with Fixed Income & Currencies expected to grow by at least a high single-digit percent compared to the prior year quarter. The total variable compensation awarded for 2024 work reached €2.5 billion, marking the largest bonus pool in a decade, driven by strong trading and deals activity.

You see the scale of compensation reflecting the activity on these desks:

• Total variable compensation (2024 work): €2.5 billion
• Number of employees earning over €1 million (2024): 647
• Reported Sales Revenues (Q ending June 2025): €7.82 billion

Finance: draft 13-week cash view by Friday.

Deutsche Bank Aktiengesellschaft (DB) - Canvas Business Model: Customer Segments

Deutsche Bank Aktiengesellschaft focuses its business model on four primary, high-value customer segments, central to its Global Hausbank strategy.

Multinational Corporations and large-cap companies

This group forms a critical part of the Corporate Bank and Investment Bank client base, requiring complex cross-border financing and capital markets solutions.

• The B2B segment, which includes these corporations, was the largest revenue contributor, generating approximately 60% of Deutsche Bank Aktiengesellschaft's total revenue in 2024.
• Deutsche Bank Aktiengesellschaft serves over 70% of Germany's DAX-listed companies.
• Customer deposits across the Group stood at €663 billion in the third quarter of 2025.
• Total net revenues for the first nine months of 2025 grew 7% year on year to €24.4 billion.

German Mittelstand (mid-sized corporate backbone of Germany)

The Mittelstand remains a dominant and critical segment, deeply integrated with the Corporate Bank for advisory and financing needs.

Metric	Value (as of late 2025 data)	Context
Segment Focus	Deep client relationships in Germany	Core to the Global Hausbank strategy.
Sustainable Finance Volume (Cumulative since 2020)	€84 billion (Corporate Bank contribution)	As of the third quarter of 2025.
Loan Volume (Corporate Bank)	Declined by €5 billion compared to the prior year quarter (Q3 2024)	Reported in Q3 2025 earnings context.

Affluent and High-Net-Worth Individuals (HNWI) with >€500,000 assets

This B2C group is served by the Private Bank and Wealth Management, which targets individuals with investable assets above the €500,000 threshold.

The Private Bank and Asset Management sectors saw a combined increase in assets under management by €140 billion over the initial nine months of 2025.

• Assets under Management (AuM) for the Private Bank were €645 billion as at June 30, 2025.
• Net inflows across Private Bank and Asset Management totaled €41 billion for the first half of 2025.
• Private Bank net revenues in the second quarter of 2025 were €2.4 billion ($2.82 billion).
• Wealth Management and Private Banking revenues rose by 2% to €1.1 billion in Q2 2025.
• Client retention rate for private clients with assets over €1 million reached 95% in 2024.

Financial Institutions, Sovereigns, and Governments

These institutional clients are served across the Corporate Bank and Investment Bank segments, often through Institutional Client Services.

Metric	Value (as of late 2025 data)	Context
Institutional Client Services Revenue (Q3 2025)	€1.5 billion	Down 1% year on year.
Investment Bank Sustainable Finance Contribution (Cumulative since 2020)	€271 billion	Includes capital market issuance and market making.
Total Assets (Group)	€1.391 trillion	As of Q3 2025.

Deutsche Bank Aktiengesellschaft's Asset Management arm is positioned to act as a gateway to Europe for global investors, building on its diversified assets under management of more than €1,000,000,000,000.

Deutsche Bank Aktiengesellschaft (DB) - Canvas Business Model: Cost Structure

You're looking at the expense side of Deutsche Bank Aktiengesellschaft's business model as of late $\text{2025}$, and the story is one of targeted investment against a backdrop of significant cost discipline. The bank is clearly focused on driving efficiency to meet its profitability goals.

Compensation and benefits remain a major cost driver, reflecting the competitive environment, especially in revenue-generating units. For the $\text{2024}$ performance year, Deutsche Bank Aktiengesellschaft increased its total variable compensation pool to €2.5 billion, which represented an approximate 25% increase over the prior year's pool of $\text{€2.0}$ billion. The Investment Bank unit saw its specific bonus pool gain 32% for $\text{2024}$. To put this into perspective on individual compensation, Chief Executive Officer Christian Sewing's total pay for $\text{2024}$ was €9.8 million, while the highest-earning unnamed employee received up to €18 million. This structure is influenced by a new remuneration system that allows for a larger number of staff to receive bonuses.

Technology and digitalization investment costs are being managed through strategic hiring and platform modernization. While a specific total investment figure for $\text{2025}$ isn't immediately available, the commitment is evident in personnel additions; in $\text{2024}$, Deutsche Bank Aktiengesellschaft hired 1,300 technology specialists to support long-term cost improvement and growth. The bank continues to further invest in its app and other digitization efforts, leveraging its unified IT environment.

Regulatory and compliance costs are structural and ongoing, particularly in areas like anti-money laundering. Deutsche Bank Aktiengesellschaft has been actively building out its control functions. By the end of $\text{2024}$, the bank had hired around 600 anti-financial crime specialists across $\text{2023}$ and $\text{2024}$, bringing the total headcount in this area to 2,492. Furthermore, a dedicated Chief Compliance and Anti-Financial Crime Officer was appointed at the Management Board level to oversee these critical functions.

Provision for credit losses is a key variable cost influenced by the economic outlook. For the full year $\text{2025}$, Deutsche Bank Aktiengesellschaft expects annual credit loss provisions to remain elevated, guided at 35-40 basis points (bps) of average loans, reflecting ongoing challenges, especially in the U.S. commercial real estate lending book. For context, the provision for credit losses in the first half of $\text{2025}$ was reported at 36 basis points of average loans. Management projects these provisions will decrease toward approximately 30 bps annually starting from $\text{2026}$.

The overarching goal for operating costs reduction is centered on achieving a target Cost-to-Income Ratio (CIR) below 65% for the full year $\text{2025}$. The bank reported success in this area through the first nine months of $\text{2025}$, with the CIR standing at 63.0%, an improvement from $\text{73.2%}$ in the prior year period. The $\text{2025}$ outlook for adjusted costs was set to be held flat at €20.3 billion, following adjusted costs of €20.4 billion in $\text{2024}$.

Here is a summary of the key cost structure metrics and targets:

Cost Component/Metric	Latest Reported Figure	Guidance/Context
Cost-to-Income Ratio (CIR)	63.0% (9M 2025)	Full-year 2025 target: below 65%
Total Bonus Pool (2024 Performance)	€2.5 billion	25% increase versus 2023 pool
Provision for Credit Losses (2025 Guidance)	35-40 bps	Expected to decrease to approx. 30 bps from 2026
Anti-Financial Crime Specialists (Total Headcount)	2,492 (End of 2024)	Approx. 600 hired in 2023 and 2024
Technology Hiring (2024)	1,300 specialists	Part of ongoing digitization investment
Adjusted Costs (2024)	€20.4 billion	2025 Outlook: Adjusted costs flat at €20.3 billion

The bank is managing its expense base by normalizing non-operating costs, which were substantial in $\text{2024}$ (e.g., $\text{€2.6}$ billion including $\text{€1.7}$ billion in litigation charges). The expectation for $\text{2025}$ is that the risk profile is dramatically changed, running unburdened from many of those legacy costs.

• Compensation Structure Change: Long-term bonuses shifted from a three-year lookback to future performance over the same period starting in $\text{2024}$.
• Investment Bank Cost Focus: The Investment Bank segment achieved a cost-to-income ratio of 55% in the first nine months of $\text{2025}$.
• Private Bank Cost Focus: The Private Bank segment reported a cost-to-income ratio of 70% in the first nine months of $\text{2025}$.

Deutsche Bank Aktiengesellschaft (DB) - Canvas Business Model: Revenue Streams

You're looking at how Deutsche Bank Aktiengesellschaft (DB) brings in money as we wrap up 2025. The overall ambition for the year is clear: a net revenues target of around €32 billion for the full year 2025. This top-line goal is supported by strong performance across the core businesses.

Interest income remains a foundational piece. Net Interest Income (NII) generated from lending and deposits showed solid momentum, specifically growing up 9% in Q3 2025. This growth helps offset some of the pressure from the interest rate environment, as noted in earlier quarters.

Fee-based income from the Investment Bank is a major contributor. For the first nine months of 2025 (9M 2025), the Profit Before Tax (PBT) from Investment Bank fees, covering Fixed Income & Currencies (FIC) and Origination & Advisory (O&A), reached €3.3 billion. This performance reflects the strength of the FIC franchise and improved Origination & Advisory results.

The Corporate Bank also delivers significant, transaction-driven revenue. For the same 9M 2025 period, the PBT from Corporate Bank transaction fees was reported at €2.0 billion. This segment maintained high profitability, with its post-tax Return on Tangible Equity (RoTE) at 16.0% and a cost/income ratio of 62% for the nine-month period.

The Private Bank and Asset Management streams are heavily influenced by the scale of Assets under Management (AuM). As of the end of the first half of 2025, the combined AuM stood at €1,010 billion, driven by net inflows of €41 billion in the first half of 2025 alone. Looking at the nine-month performance, net inflows across Private Bank and Asset Management reached €66 billion. The Asset Management division, for instance, saw its management fees reach €1.3 billion in the first half of 2025, with performance and transaction fees adding €95 million.

Here is a quick look at the reported divisional PBT figures for the first nine months of 2025:

Revenue Source	9M 2025 Profit Before Tax (PBT)
Investment Bank (FIC, O&A)	€3.3 billion
Corporate Bank (Transaction Fees)	€2.0 billion
Private Bank	€1.8 billion
Asset Management	€666 million

The Private Bank delivered a strong PBT of €1.8 billion for 9M 2025, up 71% year on year. Meanwhile, Asset Management PBT was €666 million, marking a 48% increase year on year.

You can see the breakdown of the key fee-related revenue drivers:

• Net Interest Income (NII) growth in Q3 2025: up 9%.
• Private Bank net revenues in Q3 2025: €2.4 billion.
• Asset Management net revenues in Q3 2025: €734 million.
• Investment Bank Q3 net revenues: €3.0 billion.

Finance: draft Q4 2025 revenue forecast by next Tuesday.