Deutsche Bank reports third quarter 2006 net income up 25% to EUR 1.2 billion, a record for a third quarter

1 November 2006

Source: Deutsche Bank Press Office

Location: Frankfurt am Main

Report Highlights:

Net income up 37% to EUR 4.2 billion for the first nine months Total revenues of EUR 6.4 billion for the third quarter and EUR 21.2 billion for the first nine months Income before income taxes of EUR 1.8 billion for the third quarter and EUR 6.3 billion for the first nine months Pre-tax return on equity, per target definition, of 26% for the third quarter and 32% for the first nine months Diluted earnings per share of EUR 2.45 for the third quarter and EUR 8.11 for the first nine months Invested asset growth of EUR 34 billion, including net newmoney: inflows of EUR 13 billion, in the third quarter

Deutsche Bank reported income before income taxes of EUR 1.8 billion, and net income of EUR 1.2 billion, for the third quarter 2006. Reported pre-tax return on average active equity was 27%. Per the Group's target definition, which excludes restructuring charges and substantial gains on sale of industrial holdings, pre-tax return on average active equity was 26%, equal to the prior year quarter, while diluted earnings per share for the quarter were EUR 2.45, compared to EUR 1.89 in the prior year quarter.

For the first nine months of 2006, income before income taxes was EUR 6.3 billion. Reported pre-tax return on average active equity was 32%. Pre-tax return on average active equity, per target definition, was also 32%, compared to 28% in the first nine months of 2005. Net income was EUR 4.2 billion, up 37% versus the prior year period. Diluted earnings per share for the first nine months were EUR 8.11, compared to EUR 5.95 in the prior year period.

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