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Note 04 - Management Report - Segment Results of Operations (Detail)
€ in Millions
 12 Months Ended
Dec. 31, 2023
EUR (€)
Dec. 31, 2022
EUR (€)
Dec. 31, 2021
EUR (€)
Segment Results of Operations [Line Items]      
Net revenues [1] € 31,155 € 27,063 € 25,538
Provision for credit losses 1,505 1,226 515
Noninterest expenses [Abstract]      
Compensation and benefits 11,131 10,712 10,418
General and administrative expenses 10,112 9,728 10,821
Impairment of goodwill and other intangible assets 233 68 5
Restructuring activities 220 (118) 261
Total noninterest expenses 21,695 20,390 21,505
Noncontrolling interests 0 0 0
Profit (loss) before tax 7,955 5,447 3,518
Assets 1,317,266 1,344,217 1,325,000
Loans (gross of allowance for loan losses) 485,000 496,000 477,000
Additions to non-current assets 2,118 2,494 1,939
Deposits 625,000 629,000 604,000
Average allocated shareholders' equity 63,149 60,109 56,537
Risk-weighted assets 350,000 360,000 352,000
Risk Weighted Assets in Divisions Of which Operational 57,000 58,000 62,000
Leverage Exposure (fully-loaded) € 1,240,000 € 1,240,000 € 1,125,000 [2]
Total employees (full-time equivalent) 90,130 84,930 82,969
Post-tax return on average shareholders equity 9.10% [3] 8.20% [4] 3.60% [5]
Post-tax return on average tangible shareholders' equity 10.20% [3] 9.10% [4] 4.00% [5]
Cost Income Ratio 69.60% [6] 75.30% [7] 84.20% [8]
Includes:      
Net interest income € 16,122 € 13,983 € 11,117
Net income (loss) from equity method investments (38) 152 98
Includes:      
Equity method investment 1,013 1,124 1,091
Corporate Bank [Member]      
Segment Results of Operations [Line Items]      
Net revenues 7,716 6,337 5,153
Provision for credit losses 266 335 (3)
Noninterest expenses [Abstract]      
Compensation and benefits 1,537 1,422 1,447
General and administrative expenses 2,934 2,786 3,053
Impairment of goodwill and other intangible assets 0 0 5
Restructuring activities (4) (19) 42
Total noninterest expenses 4,466 4,188 4,547
Noncontrolling interests 0 0 0
Profit (loss) before tax 2,984 1,814 609
Assets [9],[10] 264,000 258,000 246,000
Loans (gross of allowance for loan losses) [9] 117,000 122,000 122,000
Additions to non-current assets 13 3 17
Deposits [9] 289,000 289,000 270,000
Average allocated shareholders' equity 13,306 12,015 11,101
Risk-weighted assets 69,000 74,000 65,000
Risk Weighted Assets in Divisions Of which Operational [9] 6,000 5,000 6,000
Leverage Exposure (fully-loaded) € 307,000 € 321,000 € 300,000 [2]
Total employees (full-time equivalent) [9] 25,520 22,161 20,560
Post-tax return on average shareholders equity 15.20% [3] 10.00% [4] 3.20% [5]
Post-tax return on average tangible shareholders' equity 16.60% [3] 10.90% [4] 3.50% [5]
Cost Income Ratio 57.90% [6] 66.10% [7] 88.20% [8]
Includes:      
Net interest income € 5,113 € 3,628 € 2,605
Net income (loss) from equity method investments (6) 4 3
Includes:      
Equity method investment 91 90 72
Investment Bank [Member]      
Segment Results of Operations [Line Items]      
Net revenues 9,160 10,016 9,631
Provision for credit losses 431 319 104
Noninterest expenses [Abstract]      
Compensation and benefits 2,524 2,376 2,197
General and administrative expenses 4,136 4,075 3,843
Impairment of goodwill and other intangible assets 233 0 0
Restructuring activities (3) 15 47
Total noninterest expenses 6,890 6,466 6,087
Noncontrolling interests 3 15 (17)
Profit (loss) before tax 1,836 3,217 3,458
Assets [11],[12] 658,000 677,000 616,000
Loans (gross of allowance for loan losses) [11] 101,000 103,000 93,000
Additions to non-current assets 89 4 6
Deposits [11] 18,000 16,000 13,000
Average allocated shareholders' equity 27,593 26,036 25,281
Risk-weighted assets 140,000 139,000 141,000
Risk Weighted Assets in Divisions Of which Operational [11] 22,000 23,000 25,000
Leverage Exposure (fully-loaded) € 546,000 € 530,000 € 530,000 [2]
Total employees (full-time equivalent) [11] 19,979 18,420 16,927
Post-tax return on average shareholders equity 3.80% [3] 8.00% [4] 9.00% [5]
Post-tax return on average tangible shareholders' equity 4.00% [3] 8.40% [4] 9.40% [5]
Cost Income Ratio 75.20% [6] 64.60% [7] 63.20% [8]
Includes:      
Net interest income € 3,013 € 3,467 € 3,332
Net income (loss) from equity method investments (70) 50 (34)
Includes:      
Equity method investment 413 501 462
Private Bank [Member]      
Segment Results of Operations [Line Items]      
Net revenues 9,575 9,153 8,233
Provision for credit losses 783 583 446
Noninterest expenses [Abstract]      
Compensation and benefits 2,806 2,785 2,808
General and administrative expenses 4,742 4,176 4,939
Impairment of goodwill and other intangible assets 0 0 0
Restructuring activities 228 (113) 173
Total noninterest expenses 7,777 6,848 7,920
Noncontrolling interests 0 0 0
Profit (loss) before tax 1,015 1,722 (133)
Assets [13],[14] 331,000 333,000 310,000
Loans (gross of allowance for loan losses) [13] 261,000 265,000 254,000
Additions to non-current assets 90 177 149
Deposits [13] 308,000 317,000 313,000
Average allocated shareholders' equity 14,477 13,557 13,041
Risk-weighted assets 86,000 88,000 85,000
Risk Weighted Assets in Divisions Of which Operational [13] 8,000 8,000 8,000
Leverage Exposure (fully-loaded) € 339,000 € 344,000 € 321,000 [2]
Total employees (full-time equivalent) [13] 38,451 37,716 37,458
Post-tax return on average shareholders equity 4.10% [3] 8.30% [4] (1.50%) [5]
Post-tax return on average tangible shareholders' equity 4.50% [3] 9.00% [4] (1.70%) [5]
Cost Income Ratio 81.20% [6] 74.80% [7] 96.20% [8]
Includes:      
Net interest income € 6,160 € 5,223 € 4,601
Net income (loss) from equity method investments (5) 27 40
Includes:      
Equity method investment 84 99 180
Asset Management [Member]      
Segment Results of Operations [Line Items]      
Net revenues 2,383 2,608 2,708
Provision for credit losses (1) (2) 5
Noninterest expenses [Abstract]      
Compensation and benefits 891 899 822
General and administrative expenses 934 883 846
Impairment of goodwill and other intangible assets 0 68 0
Restructuring activities 0 0 2
Total noninterest expenses 1,825 1,850 1,670
Noncontrolling interests 163 174 223
Profit (loss) before tax 396 584 809
Assets [15],[16] 10,000 10,000 10,000
Loans (gross of allowance for loan losses) 0 0 0
Additions to non-current assets 73 41 32
Deposits 0 0 0
Average allocated shareholders' equity 5,318 5,395 5,128
Risk-weighted assets 15,000 13,000 14,000
Risk Weighted Assets in Divisions Of which Operational [15] 3,000 3,000 3,000
Leverage Exposure (fully-loaded) € 10,000 € 9,000 € 11,000 [2]
Total employees (full-time equivalent) [15] 4,962 4,778 4,514
Post-tax return on average shareholders equity 4.90% [3] 7.40% [4] 11.00% [5]
Post-tax return on average tangible shareholders' equity 11.30% [3] 17.10% [4] 25.80% [5]
Cost Income Ratio 76.60% [6] 71.00% [7] 61.70% [8]
Includes:      
Net interest income € (124) € (65) € (5)
Net income (loss) from equity method investments 42 66 81
Includes:      
Equity method investment 420 415 349
Corporate & Other [Member]      
Segment Results of Operations [Line Items]      
Net revenues 2,321 (1,051) (186)
Provision for credit losses 26 (9) (36)
Noninterest expenses [Abstract]      
Compensation and benefits 3,372 3,231 3,145
General and administrative expenses (2,634) (2,192) (1,862)
Impairment of goodwill and other intangible assets 0 0 0
Restructuring activities (1) (2) (2)
Total noninterest expenses 738 1,037 1,281
Noncontrolling interests (166) (190) (206)
Profit (loss) before tax 1,724 (1,890) (1,225)
Assets 54,000 67,000 142,000
Loans (gross of allowance for loan losses) 6,000 6,000 7,000
Additions to non-current assets 1,853 2,267 1,733
Deposits 10,000 7,000 8,000
Average allocated shareholders' equity 2,456 3,105 1,987
Risk-weighted assets 40,000 46,000 46,000
Risk Weighted Assets in Divisions Of which Operational 19,000 19,000 20,000
Leverage Exposure (fully-loaded) € 39,000 € 36,000 € 62,000 [2]
Total employees (full-time equivalent) [17] 1,218 1,856 3,510
Includes:      
Net interest income € 1,960 € 1,730 € 584
Net income (loss) from equity method investments 2 6 9
Includes:      
Equity method investment € 5 € 20 € 29
[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] The leverage ratio exposure is calculated according to CRR as applicable at the reporting date; starting with September 30, 2020, the Group was allowed to exclude certain Euro-based exposures facing Eurosystem central banks from the leverage ratio exposure based on the ECB-decision (EU) 2020/1306 and EU 2021/1074; this exclusion applied until March 31, 2022; the segmental leverage exposures are presented without that exclusion
[3]
3 The post-tax return on average shareholders’ equity and average tangible shareholders’ equity at the Group level reflects the reported effective tax rate for the Group, which was 19% for the year ended December 31, 2023; for 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 year ended December 31, 2023; for further information, please refer to “Supplementary Information (Unaudited): Non-GAAP Financial Measures” of this report
[4] The post-tax return on average shareholders’ equity and average tangible shareholders’ equity at the Group level reflects the reported effective tax rate for the Group, which was (2) % for the year ended December 31, 2022; for 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 year ended December 31, 2022; for further information, please refer to “Supplementary Information (Unaudited): Non-GAAP Financial Measures” of this report
[5] The post-tax return on average shareholders’ equity and average tangible shareholders’ equity at the Group level reflects the reported effective tax rate for the Group, which was 26 % for the year ended December 31, 2021; for 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 year ended December 31, 2021; for further information, please refer to “Supplementary Information (Unaudited): Non-GAAP Financial Measures” of this report
[6] Noninterest 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] Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income
[9] As of year-end
[10] Segment assets are presented on a consolidated basis, i.e., the amounts do not include intersegment balances
[11] As of year-end
[12] Segment assets are presented on a consolidated basis, i.e., the amounts do not include intersegment balances
[13] As of year-end
[14] Segment assets are presented on a consolidated basis, i.e., the amounts do not include intersegment balances
[15] As of year-end
[16] Segment assets are presented on a consolidated basis, i.e. the amounts do not include intersegment balances
[17] As of year-end