Business Context and Reporting Period
This Form 6-K filing by Deutsche Bank Aktiengesellschaft covers the month of June 2018. The report primarily serves to distribute a presentation delivered by James von Moltke, Chief Financial Officer, at the Goldman Sachs European Financials Conference on June 6, 2018. The filing explicitly states that the report and its exhibit are not intended to be incorporated by reference into registration statements under the Securities Act of 1933.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. Instead, the document focuses on defining the methodology for financial reporting:
- Non-GAAP Measures: The filing lists adjustments made to IFRS measures, including Net income attributable to shareholders, Adjusted costs, and Tangible shareholders' equity.
- Regulatory Capital: The bank reports solvency measures under CRR/CRD 4 (Basel 3) regulations. It distinguishes between "transitional" rules (with phase-in provisions) and "fully loaded" measures (reflecting full application of the framework).
Material Changes
The filing text does not contain data comparing current period performance to prior comparable periods. No specific material changes in financial position or operating results are quantified in this document.
Guidance, Outlook, and Risks
Forward-Looking Statements: The report contains forward-looking statements regarding beliefs, expectations, and predictions. Management disclaims any obligation to update these statements based on new information.
Risk Factors: The filing highlights several risks that could cause actual results to differ materially from expectations:
- Conditions in financial markets in Germany, Europe, the United States, and elsewhere.
- Potential defaults of borrowers or trading counterparties.
- Implementation of strategic initiatives.
- Reliability of risk management policies and procedures.
Regulatory Outlook: The bank notes that fully loaded CRR/CRD 4 measures may not be comparable with competitors due to varying assumptions regarding the final implementation of regulations.
Investor Verification Checklist
- Verify the specific financial figures and strategic details in the Exhibit 99.1 presentation referenced in this filing, as the Form 6-K text itself contains no numerical data.
- Review the 2017 Annual Report on Form 20-F (pages 13-40) for a detailed description of risk factors.
- Consult the 2017 Annual Report (pages 378-382) for definitions and reconciliations of Non-GAAP financial measures.
- Confirm the distinction between "transitional" and "fully loaded" CRR/CRD 4 capital ratios when comparing Deutsche Bank to peers.