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Key metrics include 6.0% revenue CAGR (FY 2021-25), 64% cost/income ratio, 10.3% RoTE, and 14.2% CET1 ratio, supported by capital distributions since 2022.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & 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achievements highlighted in the investor materials?","Question",{"text":63,"@type":64},"The presentation states that the €32bn revenue ambition was achieved with continued momentum, €2.5bn operational efficiencies were executed, profitability improved through positive operating leverage, and €31bn RWA optimization was delivered alongside organic capital generation.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Which KPIs are used to describe performance for FY 2025?",{"text":68,"@type":64},"Key indicators include 6.0% revenue CAGR for FY 2021-25, 64% cost/income ratio (CIR), 10.3% return on tangible equity (RoTE), and 14.2% CET1 ratio, along with liquidity and funding metrics (LCR and NSFR) referenced for Q4.",{"name":70,"@type":61,"acceptedAnswer":71},"What capital distribution information is provided since 2022 and for FY 2025?",{"text":72,"@type":64},"The materials mention €8.5bn capital distribution since 2022, and for FY 2025 they provide payout details including €1.0bn 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goals sets firm foundation to scale the Global Hausbank  \nFY 2025  \nAchieved  \n􀂲 € 32bn revenue ambition achieved with continued business momentum  \n􀂲 Executed € 2.5bn operational efficiencies and self-funded transformation  \n􀂲 Achieved sustainable profitability through positive operating leverage  \n􀂲 Delivered € 31bn RWA optimization alongside organic capital generation  \n􀂲 Full commitment to deliver the next phase of strategic execution  \n6.0%  \nRevenue CAGR FY 2021-251  \n64%  \nCost/income ratio (CIR)  \n10.3%  \nReturn on tangible equity (RoTE)2  \n14.2%  \nCET1 ratio  \n€ 8.5 bn  \nCapital distribution since 20223  \nNotes: throughout this presentation totals may not sum due to rounding differences and percentages may not precisely reflect the absolute figures; for footnotes refer to slides 42 and 43  \nDeutsche Bank Investor Relations Q4/FY 2025 results, January 29, 2026  \nA transformed bank delivering increasing profitability  \nIn € bn, unless stated otherwise  \nPre-provision profit1  \n11.4  \n~3x  \nFY 2021 FY 2022 FY 2023 FY 2024 FY 2025  Specific litigation items2  \nPositive operating leverage of 17% in FY 2025, driving significant profit growth  \nRevenues  \n32.1  \n30.1 +7%  \n75%  \nMore predictab le revenue streams3  \n+26%  \nFY 2021 FY 2022 FY 2023 FY2024 FY 2025  \nContinued franchise momentum from diversified and complementary revenue mix  \nNoninterest expenses  \nFY 2021 FY 2022 FY 2023 FY 2024 FY 2025  \nDisciplined cost management to self-fund growth and deliver flat adjusted costs in 2025  \nNotes: for footnotes refer to slides 42 and 43  \nDeutsche Bank Investor Relations Q4/FY 2025 results, January 29, 2026 3  \nDisciplined strategy execution driving higher returns across all businesses  \nSignificantly enhanced collaboration across divisions ofthe Global Hausbank  \nCorporate Bank Well-positioned for profitable growth  \n􀂲 Significantly increased revenues by >40% since FY 2021; well-positioned to further leverage global network and deep client relationships  \n􀂲 Sustainable growth in 2025 in commission and fee generating businesses coupled with strong deposit base, laying the foundation to accelerate growth  \nRoTE1  \n4%  \nFY 2021  \n15%  \nFY 2025  \n CIR   \n88% 62%  \nFY 2021 FY 2025  \n\n| \u003Cbr>Investment Bank Continued focus on supporting client needs | 􀂲\u003Cbr>􀂲 | Substantial divisional revenue and profitability increase since FY 2021, while repositioning IBCM for future growth\u003Cbr>Supporting clients through continued strength of FIC franchise, with client activity increasing 11% YoY | 9% | 11% | 63% | 58% |\n| --- | --- | --- | --- | --- | --- | --- |\n| \u003Cbr>Private Bank\u003Cbr>Delivering on transformation and growth | 􀂲\u003Cbr>􀂲 | Two distinct businesses with leading investment advisory and lending capabilities attracting € 110bn net new assets since FY 2021\u003Cbr>Deep business transformation enabling 11% operating leverage in FY 2025, driving significant profitability increase | (2)% | 10% | 96% | 70% |\n\nAsset Management Clients’ Gateway to Europe  \n􀂲 Leading German and European asset manager2, with strengthened position as a Gateway to Europe, supported by global scale across all major asset classes  \n􀂲 Attracted ~€ 85bn net new assets since FY 2021 with assets under management surpassing € 1 trillion  \n26% 29%3  \n62% 59%  \nNotes: IBCM – Investment Banking & Capital Markets, FIC – Fixed Income & Currencies; for footnotes refer to slides 42 and 43  \nDeutsche Bank Investor Relations Q4/FY 2025 results, January 29, 2026 4  \nCreating value and returning capital to shareholders  \nTangible book value per basic share outstanding  \nFY 2021 FY 2022 FY 2023 FY 2024 FY 2025  \nContinuously growing tangible book value per share  \nPayout details  \n€ 2 .9 bn  \nProposed capital distribution in respect of FY 2025, of which:  \n€ 1.0bn authorized buyback € 1.00 proposed dividend per share  \n€ 8.5bn  \nCumulative capital distributions since 20221  \n2.9  \n2022 2023 2024 2","cbCaip0AseAQT6T4","https://ap.wps.com/l/cbCaip0AseAQT6T4","pdf",617793,44,"English","# FY 2025 highlights\n## 2025 goals and key financial metrics\n# Business performance by division\n## Corporate Bank, Investment Bank, Private Bank, Asset Management\n# Value creation and capital distribution\n## Tangible book value, payout details\n# Strategic agenda and medium-term targets\n## Scaling the Global Hausbank, growth and resilience","[{\"question\":\"What were the main FY 2025 achievements highlighted in the investor materials?\",\"answer\":\"The presentation states that the €32bn revenue ambition was achieved with continued momentum, €2.5bn operational efficiencies were executed, profitability improved through positive operating leverage, and €31bn RWA optimization was delivered alongside organic capital generation.\"},{\"question\":\"Which KPIs are used to describe performance for FY 2025?\",\"answer\":\"Key indicators include 6.0% revenue CAGR for FY 2021-25, 64% cost/income ratio (CIR), 10.3% return on tangible equity (RoTE), and 14.2% CET1 ratio, along with liquidity and funding metrics (LCR and NSFR) referenced for Q4.\"},{\"question\":\"What capital distribution information is provided since 2022 and for FY 2025?\",\"answer\":\"The materials mention €8.5bn capital distribution since 2022, and for FY 2025 they provide payout details including €1.0bn authorized buyback and a €1.00 proposed dividend per share, alongside cumulative distributions to date.\"}]","Deutsche Bank Investor Relations - Q4/FY 2025 results - January 29, 2026 | PDF",111]