Facts and Figures
| The Group at a Glance | 2009 | 2008 |
| Share price at period end | € 49.42 | € 27.83 |
| Share price high | € 58.29 | € 89.80 |
| Share price low | € 15.38 | € 18.59 |
| Basic earnings per share | € 7.92 | € (7.61) |
| Diluted earnings per share | € 7.59 | € (7.61) |
| Average shares outstanding, in m., basic | 628 | 504 |
| Average shares outstanding, in m., diluted | 655 | 504 |
| Return on average shareholders’ equity (post tax) | 14.6 % | (11.1) % |
| Pre-tax return on average shareholders’ equity | 15.3 % | (16.5) % |
| Pre-tax return on average active equity1 | 15.1 % | (17.7) % |
| Book value per basic share outstanding(basic)2 | € 57.81 | € 52.59 |
| Cost/income ratio3 | 72.0 % | 134.3 % |
| Compensation ratio4 | 40.5 % | 70.6 % |
| Noncompensation ratio5 | 31.5 % | 63.7 % |
| in € m. | in € m. | |
| Total net revenues | 27,952 | 13,613 |
| Provision for credit losses | 2,630 | 1,076 |
| Total noninterest expenses | 20,120 | 18,278 |
| Income (loss) before income taxes | 5,202 | (5,741) |
| Net income (loss) | 4,958 | (3,896) |
|
Dec 31, 2009 in € bn. |
Dec 31, 2008 in € bn. |
|
| Total assets | 1,501 | 2,202 |
| Shareholders’ equity | 36.6 | 30.7 |
| Tier 1 capital ratio | 12.6 % | 10.1 % |
| Number | Number | |
| Branches | 1,964 | 1,950 |
| thereof in Germany | 961 | 961 |
| Employees (full-time equivalent) | 77,053 | 80,456 |
| thereof in Germany | 27,321 | 27,942 |
| Long-term rating | ||
| Moody’s Investors Service | Aa1 | Aa1 |
| Standard & Poor’s | A+ | A+ |
| Fitch Ratings | AA- | AA- |
1We calculate this adjusted measure of our return on average shareholders' equity to make it easier to compare us to our competitors. We refer to this adjusted measure as our “Pre-tax return on average active equity”. However, this is not a measure of performance under IFRS and you should not compare our ratio to other companies’ ratios without considering the difference in calculation of the ratios. The item for which we adjust the average shareholders’ equity of € 34,016 million for 2009 and € 34,442 million for 2008 are the average unrealized net gains (losses) on assets available for sale/average fair value adjustment on cash flow hedges, net of applicable tax of € (884) million for 2009 and € 619 million for 2008 and the average dividend accruals of € 287 million for 2009 and € 1,743 million for 2008. The dividend payment is paid once a year following its approval by the general shareholders’ meeting.
2Book value per basic share outstanding is defined as shareholders’ equity divided by the number of basic shares outstanding (both at period end).
3 Total noninterest expenses as a percentage of total net interest income before provision for credit losses plus noninterest income.
4Compensation and benefits as a percentage of total net interest income before provision for credit losses plus noninterest income.
5Noncompensation noninterest expenses which is defined as total noninterest expenses less compensation and benefits, as a percentage of total net interest income before provision for credit losses plus noninterest income.
6The Tier 1 capital ratio excludes transitional items pursuant to Section 64h (3) German Banking Act.
2Book value per basic share outstanding is defined as shareholders’ equity divided by the number of basic shares outstanding (both at period end).
3 Total noninterest expenses as a percentage of total net interest income before provision for credit losses plus noninterest income.
4Compensation and benefits as a percentage of total net interest income before provision for credit losses plus noninterest income.
5Noncompensation noninterest expenses which is defined as total noninterest expenses less compensation and benefits, as a percentage of total net interest income before provision for credit losses plus noninterest income.
6The Tier 1 capital ratio excludes transitional items pursuant to Section 64h (3) German Banking Act.
