Deutsche Bank AG

Deutsche bank is a universal bank, one of the biggest European banks in terms of total assets. Deutsche Bank has large presence in Europe, the Americas, Asia-Pasific countries and emerging markers. Deutsche Bank provides a wide range of retail, corporate and investment banking products as well as asset and wealth management.

In 2015 total assets of Deutsche Bank AG were 1 629,00 bln EUR.

Deutsche Bank AG is rated by Fitch, Moody's, Standard & Poor's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). Long-term credit rating assigned to the bank by Standard & Poor's is BBB+ (adequate capacity to meet its financial commitments). Deutsche Bank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Deutsche Bank AG is headquartered in Frankfurt Am Main.

Contacts 
    Address  Taunusanlage 12, 60325, Frankfurt am Main, Germany
    Phone  69 910 340 38
    Website  https://www.db.com/
Head of Group   Deutsche Bank (Germany)
Business Description 
    Services  retail banking
corporate banking
investment banking
asset and wealth management
    Products  current accounts
debit cards
credit cards
savings accounts
time deposit accounts (0.05 - 0.75 %)
retirement accounts
consumer loans
mortgage loans
business loans
sales and trading of financial market products
mergers and acquisitions
debt and equity advisory and origination
international trade finance
trust, agency, depositary, custody and related services
Financial Positions
    Total Assets (2015)  1 629.00 bln EUR ↓ (-4.68%)
Credit Ratings (as of Apr 2016)
    Fitch  A- (high credit quality)
    Moody's  A2 (upper medium grade)
    S&P's  BBB+ (adequate capacity to meet its financial commitments)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Bank Identifiers
    BIC (SWIFT)  DEUTDEFFXXX
    MFI ID  DE00001
European Presence  33 banks in 21 countries

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account. The following current account products are offered by Deutsche Bank AG:

ProductAccount CurrencyAnnual Costs (EUR)Monthly Income (EUR)Product Link
 Das Junge Konto [DE]EUR0anyView Product
 Das Junge Konto [DE]EUR0anyView Product
 db AktivKonto [DE]EUR59.88anyView Product
 db AktivKonto [DE]EUR59.88anyView Product
 db BestKonto [DE]EUR119.88anyView Product
 db BestKonto [DE]EUR119.88anyView Product

[DE] This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also: Current Accounts in Germany

Time Deposit Accounts

Time deposits accounts offer higher interest rates than savings accounts, however the money deposited to such account cannot be withdrawn for a specified period of time (term). Deutsche Bank AG offers the following time deposit products:

ProductInterest Rate (p.a.)Account CurrencyDeposit Term (months)Product Link
 FestzinsSparen [DE]0.05 %EUR6View Product
 FestzinsSparen [DE]0.75 %EUR6View Product
 FestzinsSparen [DE]0.05 %EUR12View Product
 FestzinsSparen [DE]0.05 %EUR24View Product
 FestzinsSparen [DE]0.05 %EUR36View Product
 FestzinsSparen [DE]0.05 %EUR48View Product
 FestzinsSparen [DE]0.10 %EUR60View Product
 FestzinsSparen [DE]0.15 %EUR72View Product
 FestzinsSparen [DE]0.20 %EUR84View Product
 FestzinsSparen [DE]0.25 %EUR96View Product

[DE] This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also: Time Deposit Accounts in Germany

Consumer Loans

Consumer loans are secured or unsecured loans given to customers for personal, family, or household purposes or for purchase of goods and services. Consumer loans offered by Deutsche Bank AG are shown in the table below:

ProductEffective Rate (p.a.)Loan CurrencyBorrowing Amount (EUR)Loan Term (months)Product Link
 PrivatKredit direkt [DE]3.99 %EUR1000 - 5000012 - 84View Product
 PrivatKredit direkt [DE]4.15 %EUR1000 - 5000012 - 84View Product
 PrivatKredit direkt [DE]6.99 %EUR1000 - 5000012 - 84View Product

[DE] This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also: Consumer Loans in Germany

Mortgage Loans

Mortgage loans are used to make real estate purchases without paying the entire value of the purchase up front. Mortgage loans offered by Deutsche Bank AG are shown in the table below:

ProductBorrowing Rate (p.a.)Loan CurrencyBorrowing Amount (EUR)Lending Amount (%)Loan Term (years)Product Link
 Baufinanzierung [DE]1.09 %EURfrom 10000060 %5View Product
 Baufinanzierung [DE]1.24 %EURfrom 10000080 %5View Product
 Baufinanzierung [DE]1.51 %EURfrom 10000060 %10View Product
 Baufinanzierung [DE]1.66 %EURfrom 10000080 %10View Product
 Baufinanzierung [DE]2.17 %EURfrom 10000060 %15View Product
 Baufinanzierung [DE]2.32 %EURfrom 10000080 %15View Product
 Baufinanzierung [DE]2.75 %EURfrom 10000060 %20View Product
 Baufinanzierung [DE]2.76 %EURfrom 10000080 %20View Product
 Baufinanzierung [DE]2.90 %EURfrom 10000080 %25View Product
 Baufinanzierung [DE]3.09 %EURfrom 10000060 %25View Product

[DE] This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also: Mortgage Loans in Germany

Financial Positions

In 2015 total assets of Deutsche Bank AG were 1 629.00 bln EUR. Decline compared to the previous period (2014) was -4.68%. The evolution of the total assets of Deutsche Bank AG is shown at Chart 1 below.

Total Assets of Deutsche Bank AG.
Chart 1. Total Assets of Deutsche Bank AG.

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Deutsche Bank AG is rated by Fitch and Standard & Poor's.

Credit ratings assigned to Deutsche Bank AG as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Deutsche Bank AG it is set to A- (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Deutsche Bank AG is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a-
Support Rating  5
Support Rating Floor  NF

Viability rating for Deutsche Bank AG is set to a- (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Deutsche Bank AG it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Bank financial strength rating is baa3. Short-term rating is set to Ba3.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Bank Financial Strength Rating  baa3
Short-Term Rating  Ba3
Outlook  ratings under review

Outlook for the ratings of Deutsche Bank AG is set to ratings under review (an issuer has one or more ratings under review, and thus overrides the outlook designation).

Standard & Poor's

Long-term foreign currency rating for Deutsche Bank AG is set to BBB+ (adequate capacity to meet its financial commitments). Long-term local currency rating is set to BBB+ (adequate capacity to meet its financial commitments).

Long-Term Foreign Currency Rating  BBB+
    Outlook  stable (not likely to change)
    Credit Watch  -
Long-Term Local Currency Rating  BBB+
    Outlook  stable (not likely to change)
    Credit Watch  -
Short-Term Foreign Currency Rating  A-2
Short-Term Local Currency Rating  A-2

Short-term foreign currency rating for Deutsche Bank AG is set to A-2 (satisfactory capacity to meet its financial commitments). Short-term local currency rating is set to A-2 (satisfactory capacity to meet its financial commitments).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of Deutsche Bank AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)
Covered Currencies  EU currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information: Deposit Guarantee Scheme in Germany

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Deutsche Bank AG and its components are shown in the table below.

BIC  DEUTDEFFXXX
Bank BIC Code  DEUT
Country Code  DE (Germany)
Location Code  FF
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Deutsche Bank AG is shown in the table below.

MFI ID  DE00001

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Austria

Belgium

Cayman Islands

Czech Republic

France

Germany

Greece

Hungary

Ireland

Italy

Luxembourg

Malta

Netherlands

Norway

Poland

Portugal

Spain

Sweden

Switzerland

Turkey

United Kingdom

Related Information on Germany

  Economy and Banking Sector of Germany

  List of Banks in Germany

Compare Banking Products

 Current Accounts in Germany

 Savings Accounts in Germany

 Time Deposit Accounts in Germany

 Credit Cards in Germany

 Consumer Loans in Germany

 Mortgage Loans in Germany


Country Information

  Economy and Banking Sector of Germany

  List of Banks in Germany


Related Articles

FATCA and European countries

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