Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Investor Day (November 2025)
21 slides from Deutsche Bank's investor day presentation, Nov 17, 2025
Slide 1: Corporate Bank Investor Deep Dive 2025
Deutsche Bank Investor Relations Corporate Bank Investor Deep Dive 2025 November 17, 2025
Slide 2: Best positioned to capture German opportunity
Best positioned Leverage Scalable to capture global network platform ready German capabilities to grow opportunity Deutsche Bank Investor Deep Dive 2025 Corporate Bank, Fabrizio Campelli 2
Slide 3: Corporate Bank at a glance
Corporate Bank at a glance Clear leader in Germany, at the heart of our Net revenues Institutional Client Services Hausbank offering to corporate clients 2025 FC, in € bn Global connectivity empowering cross- by border trade and capital flows Corporate business Treasury Services Services platform en
Slide 4: A unique network proposition
A unique network proposition Global network with deep local knowledge1 Cross-border powerhouse ~60 140+ #1 Gateway to Germany #1 Germany in-/out-bound Trade Local market Correspondent USD clearer among Finance and Cash Management6 presence network countries Eurozone banks2 Leading European Corporate
Slide 5: Foundations established for growth
Foundations established for growth Increased business momentum Platform investments – Performance positioned to scale indicators 2021-2025 Revenues in € bn 10% Expanded client footprint +~15% CAGR Revenue-generating staff 4% 8% CAGR 7.5 CAGR 7.4 Accelerated targeted client acquisition +3,600 Large C
Slide 6: Strategy 2028: European cross-border powerhouse
Strategy 2028: European cross-border powerhouse Performance indicators 2025-2028 ▪ Scale up current footprint: Corporate MNC, Institutional & NBFI platforms Focused growth ▪ Strengthen Germany: fiscal expansion ▪ Invest in acquiring clients: SME, MidCaps, FinTech and exporters ~8% Revenue CAGR ▪ Fur
Slide 7: Leverage platform to accelerate growth
Focused growth Leverage platform to accelerate growth Scaled growth Defined strategic actions Performance indicators 2025-2028 Revenues in € bn ~8% Scale up ▪ Hire +10% coverage & sales to deepen MNC product density ~25% CAGR current ▪ Deepen EUR clearing; regain market share in USD clearing Revenue
Slide 8: Leveraging the Global Hausbank
Leveraging the Global Hausbank ▪ Unified coverage tooling from 10 to 1 CRM system IB shared 13k+ ▪ Expanded joint CB-IB coverage of corporate clients Large Corps clients ▪ Integrated FX services into all CB clients 19k+ ~25k 11k+ Clients Mid- Inst. & jointly Caps Govt. covered Private ▪ Joint CB-PB
Slide 9: Scaling up our operating model
Scalable operating model Scaling up our operating model Cost/income ratio improvement <20% 88% Marginal CIR ▪ Digitization of client processes and workflows 62% <55% Client ▪ Reduced time for SME & MidCap onboarding & credit decisions by >95% experience ▪ Digital self-service capabilities & 100% API
Slide 10: Continued innovation to align to client needs
Continued innovation to align to client needs Core corporate franchise Global Custodians & NBFI FinTech, Platform & Digt. Economy Current ▪ Global network, local knowledge ▪ Treasury, Investor and Issuer ▪ From founding to IPO proposition ▪ Bank-wide solutions ▪ FastTrack onboarding & conversion ▪ G
Slide 11: Optimize and re-deploy capital
Strict capital discipline Optimize and re-deploy capital Disciplined capital deployment Optimized RWA allocation ▪ Optimize client-level capital through SVA analytics to Revenue/ Marginal revenue/ improve or exit non-SVA accretive portfolios RWA ratio1 RWA ratio1 9% 12% 15% 74 65 ▪ Maximize relation
Slide 12: Our path forward: 2028 ambitions
Our path forward 2028 ambitions ▪ Fundamentally transformed business platform poised for growth ▪ Clear strategy to deliver growth, leveraging global network ~8% Revenue CAGR capabilities and our strengths across the Hausbank ▪ Uniquely positioned to capture German opportunity <55% Cost/income ratio
Slide 13: Deutsche Bank Investor Deep Dive 2025 Corporate Bank, Fabrizio Campelli
Deutsche Bank Investor Deep Dive 2025 Corporate Bank, Fabrizio Campelli 13
Slide 14: Appendix
Appendix Deutsche Bank Investor Deep Dive 2025 Corporate Bank, Fabrizio Campelli 14
Slide 15: Corporate Bank at a glance
Corporate Bank at a glance Revenues by region (2025 FC) € 4.2bn Corporate APAC & MEA Integrated payment, liquidity and FX solutions in 2025 FC Cash Germany Corporate >130 currencies Rev Management Treasury ~9% Americas Services Trade Finance ’25-’28 Global financing and support working capital needs
Slide 16: Supporting Germany's growth
Supporting Germany’s growth ▪ Coverage of full Corporate spectrum and value chain: Business Banking to MNCs, at home and abroad, basic accounts to solutioning for complex transaction needs Corporates ▪ Existing access to clients at all levels: C-suite to treasury operations ▪ Strong relationship wit
Slide 17: Corporate Bank's development across key financials
Corporate Bank’s development across key financials Income statement, in € bn 2021 2022 2023 2024 9M 2025 Total net revenues 5.2 6.3 7.7 7.5 5.6 Provision for credit losses (0.0) 0.3 0.3 0.3 0.1 Noninterest expenses 4.5 4.2 4.6 5.1 3.4 Profit (loss) before tax 0.6 1.8 2.8 2.1 2.0 Balance sheet, in €
Slide 18: Footnotes
Footnotes Note: Throughout this presentation, figures are rounded and totals may not sum due to Slide 5 – Foundations established for growth rounding differences and percentages may not precisely reflect the absolute figures; 1. DB outperformance versus industry revenue pools H1 2024-H1 2025. Source
Slide 19: Glossary
Glossary AI Artificial Intelligence ML Machine learning AM Asset Management MNC Multi-National Corporates APAC Asia Pacific NBFI Non-Bank Financial Institutions API Application Programming Interface NII Net interest income AuC Assets under Custody OpRisk Operational risk BB Business Banking PB Priva
Slide 20: Speaker biography – Fabrizio Campelli
Speaker biography – Fabrizio Campelli Fabrizio Campelli is the head of the Corporate Bank and Investment Bank since May 2021. He joined the Management Board in November 2019 in his former role of Chief Transformation Officer, responsible for transformation and Human Resources. He took on additional
Slide 21: Cautionary statements
Cautionary statements Forward-Looking Statements This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based