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Note 04 - Management Report - Corporate Divisions - Private Bank (Detail) - Private Bank [Member]
€ in Millions
12 Months Ended
Dec. 31, 2023
EUR (€)
Dec. 31, 2022
EUR (€)
Dec. 31, 2021
EUR (€)
Net revenues [Abstract]      
Private Bank Germany € 6,070 € 5,325 € 5,006
International Private Bank 3,505 3,828 3,226
Premium Banking 986 942 934
Wealth Management and Bank for Entrepreneurs 2,520 2,886 2,292
Total net revenues 9,575 9,153 8,233
Of which: [Abstract]      
Net interest income 6,160 5,223 4,601
Commission and fee income 2,852 3,155 3,206
Remaining income 563 775 426
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 income taxes € 1,015 € 1,722 € (133)
Employees (front office full time equivalent) [1] 20,599 21,092 21,973
Employees (business aligned operations full time equivalent) [1] 5,637 5,816 6,060
Employees (allocated central infrastructure, full-time equivalent) [1] 12,215 10,808 9,426
Total employees (full-time equivalent) [1] 38,451 37,716 37,458
Total assets [1],[2] € 331,000 € 333,000 € 310,000
Risk weighted assets (RWA) [1] 86,000 88,000 85,000
of which operational risk RWA [1] 8,000 8,000 8,000
Leverage exposure [1] 339,000 344,000 321,000
Deposits [1] 308,000 317,000 313,000
Loans (gross of allowance for loan losses) In Divisions [1] 261,000 265,000 254,000
Assets under Management [1],[3] 559,000 518,000 554,000
Net flows € 29,000 € 30,000 € 30,000
Cost Income Ratio 81.20% [4] 74.80% [5] 96.20% [6]
Post-tax return on average shareholders equity [7] 4.10% 8.30% (1.50%)
Post-tax return on average tangible shareholders' equity [7] 4.50% 9.00% (1.70%)
[1] As of year-end
[2] Segment assets are presented on a consolidated basis, i.e., the amounts do not include intersegment balances
[3] The Group defines assets under management as (a) assets held on behalf of customers for investment purposes and/or (b) client assets that are managed by the bank; assets under management are managed on a discretionary or advisory basis, or these assets are deposited with the bank; deposits are considered assets under management if they serve investment purposes; in the Private Bank Germany and Premium Banking, this includes term deposits and savings deposits; in Wealth Management & Bank for Entrepreneurs, it is assumed that all customer deposits are held with the bank primarily for investment purposes; in instances in which Private Bank distributes investment products qualifying as assets under management which are managed by DWS these are reported as assets under management for Private Bank and for Asset Management (DWS) because they are two distinct, independent qualifying services
[4] Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income
[5] Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income
[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] 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 years 2023, 2022 and 2021; for further information, please refer to “Supplementary Information (Unaudited): Non-GAAP Financial Measures” of this report