Business Context and Reporting Period
This Form 6-K filing by Deutsche Bank Aktiengesellschaft covers the month of May 2018, with the report dated May 30, 2018. The filing primarily serves to incorporate by reference a presentation given by CEO Christian Sewing at the DB Global Financial Services Conference on May 29, 2018 (Exhibit 99.1). The registrant files annual reports under Form 20-F.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The document focuses on defining financial methodologies rather than reporting period-specific results. Key definitions include:
- Non-GAAP Measures: The filing lists adjustments for Net income, Adjusted costs, and Tangible shareholders' equity compared to IFRS standards.
- Regulatory Capital: Solvency measures are calculated under CRR/CRD 4 (Basel 3) rules, utilizing both "transitional" (phase-in) and "fully loaded" (full application) bases.
Material Changes
The filing text does not provide data to compare current period performance against prior comparable periods. It references the 2017 Annual Report for historical context regarding risk factors and non-GAAP measure descriptions but does not present new comparative financial tables.
Guidance, Outlook, and Risks
Forward-Looking Statements: The report contains forward-looking statements regarding beliefs, expectations, and strategic initiatives. Management explicitly states it undertakes no obligation to update these statements.
Risk Factors: Material risks cited include:
- Conditions in financial markets (Germany, Europe, U.S.) affecting trading revenues.
- Potential defaults of borrowers or trading counterparties.
- Implementation of strategic initiatives and reliability of risk management policies.
Regulatory Outlook: The filing notes that "fully loaded" CRR/CRD 4 measures are forward-looking and may not be comparable to competitors due to varying assumptions about final implementation.
Investor Verification Checklist
- Review Exhibit 99.1 (CEO Presentation) for specific financial targets and strategic details not included in this cover text.
- Consult the 2017 Annual Report on Form 20-F (filed March 16, 2018) for detailed risk factors (pages 13-40) and non-GAAP reconciliation tables (pages 378-382).
- Verify the distinction between "transitional" and "fully loaded" regulatory capital ratios when comparing Deutsche Bank to peers.
- Monitor updates on the implementation of CRR/CRD 4 rules, as final outcomes may differ from current estimates.