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Deutsche Bank Media Release Frankfurt am Main Deutsche Bank reports profit before tax of € 554 million in the third quarter of 2021 Profit before tax rises 15 % year on year despite significant rise in transformation charges¹ Adjusted profit before tax¹ rises 39 % to € 1.2 billion ● ● ● Net revenues rise 2 % to € 6.0 billion as business growth offsets normalising markets Loan growth of € 11 billion in the quarter Private Bank : business growth of € 9 billion lifts year to date total to € 38 billion Asset Management : net inflows of € 12 billion drive assets under management to a record € 880 billion ● Adjusted costs reduced while transformation charges impact noninterest expenses Noninterest expenses rise 4 % year on year to € 5.4 billion Adjusted costs ex - transformation charges¹ down 3 % year on year to € 4.7 billion 90 % of total expected transformation - related effects¹ now recognised ● ● Transformation charges¹ of € 583 million versus € 104 million in prior year quarter Core Bank profit before tax of € 898 million , in line with prior year quarter Capital Release Unit improves result : loss before taxes down 19 % to € 344 million Group net income rises 6 % to € 329 million Capital , risk and balance sheet discipline maintained ● Common Equity Tier 1 ( CET1 ) capital ratio of 13.0 % , in line with guidance Provision for credit losses down 57 % year on year to € 117 million Capital Release Unit further reduces RWAs to € 30 billion , ahead of end - 2022 target 27 October 2021 Full - year 2021 sustainability targets exceeded after nine months ● ● ● Third quarter ESG financing and investment volumes of € 27 billion First nine months of 2021 : significant year on year profit growth Net income of € 2.2 billion , up more than fivefold Cumulative volumes since beginning of 2020 rise to € 125 billion , above year - end 2021 target of € 100 billion Group profit before tax rises nearly fourfold to € 3.3 billion , reflecting : 5 % growth in net revenues to € 19.5 billion 4 % reduction in adjusted costs ex - transformation charges¹ to € 14.6 billion O 83 % reduction in provision for credit losses to € 261 million Core Bank profit before tax up 64 % to € 4.3 billion O / Post - tax RoTE¹ rises from 4.3 % to 7.5 % with cost / income ratio of 76 % Issued by the media relations department of Deutsche Bank AG Taunusanlage 12 , 60325 Frankfurt am Main Phone +49 ( 0 ) 69 910 43800 , Fax +49 ( 0 ) 69 910 33422 ¹ For a description of this and other non - GAAP financial measures , see ' Use of non - GAAP financial measures ' on pp 17-25 of the third quarter 2021 Financial Data Supplement Internet : db.com/news Email : db.presse@db.com Release 1 | 19