Deutsche Bank (NYSE: DB) files June 2026 IASB IFRS interim report
Deutsche Bank AG furnishes an interim reporting package for the period ended June 30, 2026, prepared under IFRS as issued by the IASB, together with a separate capitalization table. These materials are attached as Exhibits 99.1 and 99.2 and are incorporated by reference into Registration Statement No. 333-278331.
The bank explains its parallel use of EU IFRS with the EU carve out for non-U.S. purposes, notably fair value hedge accounting for portfolio interest rate hedges, while U.S. reporting relies on IASB IFRS, which does not permit that carve out. The interim report includes non-GAAP financial measures such as tangible shareholders’ equity and currency-adjusted revenues, with detailed descriptions and reconciliations cross-referenced to the interim report and the 2025 Form 20-F. A “Risks and Opportunities” section supplements, but does not replace, the existing Risk Factors, and extensive forward-looking statement cautions highlight market, credit, strategic and risk-management uncertainties.
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Key Figures
Interim reporting date: June 30, 2026
Capitalization table date: June 30, 2026
Registration Statement Number: 333-278331
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4 metrics
Interim reporting date
June 30, 2026
Date for Deutsche Bank AG’s IASB IFRS Interim Report attached as Exhibit 99.1
Capitalization table date
June 30, 2026
Reference date for the capitalization table presented in Exhibit 99.2
Registration Statement Number
333-278331
Form 6-K and its exhibits are incorporated by reference into this registration statement
Form 20-F report year
2025
Year of the Annual Report whose Risk Factors are supplemented by the interim “Risks and Opportunities” section
Key Terms
EU carve out, fair value hedge accounting, non-GAAP financial measures, post-tax return on average tangible shareholders’ equity
4 terms
EU carve out financial
"including application of fair value hedge accounting for portfolio hedges of interest rate risk in accordance with the EU carve out version of IAS 39"
fair value hedge accounting financial
"Fair value hedge accounting under the EU carve out is employed to minimize the accounting exposure to both positive and negative moves in interest rates"
An accounting method that records the gains and losses on an asset or liability and the gains and losses on a matching hedging instrument together in profit and loss, so their effects offset each other. Think of it like locking the value of an item and the insurance against its price swings together on the same page; investors can more clearly see the company’s true exposure to market movements and the effectiveness of its risk management.
non-GAAP financial measures financial
"This document and other documents Deutsche Bank has published or may publish contain non-GAAP financial measures"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
post-tax return on average tangible shareholders’ equity financial
"Post-tax return on average tangible shareholders’ equity (based on Profit (loss) attributable to Deutsche Bank shareholders after AT1 coupon)"
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FAQ
What does Deutsche Bank (DB) provide in this July 2026 Form 6-K?
Deutsche Bank provides an interim report and capitalization table as of June 30, 2026, prepared under IASB IFRS. These exhibits are incorporated into Registration Statement No. 333-278331 and supplement disclosures in the bank’s 2025 Form 20-F.
Which accounting frameworks does Deutsche Bank (DB) use in the interim report?
Deutsche Bank uses IFRS as issued by the IASB for this interim report and also applies EU IFRS with the EU carve out for non-U.S. purposes. The carve out permits fair value hedge accounting for portfolio interest rate hedges, which IASB IFRS does not.
What exhibits accompany Deutsche Bank’s (DB) June 30, 2026 interim disclosure?
Two exhibits are included: Exhibit 99.1, Deutsche Bank AG’s Interim Report as of June 30, 2026 under IASB IFRS, and Exhibit 99.2, a capitalization table as of the same date. Both are incorporated into Registration Statement No. 333-278331.
How are non-GAAP financial measures used by Deutsche Bank (DB) in this context?
Deutsche Bank highlights several non-GAAP financial measures, including tangible shareholders’ equity, currency-adjusted revenues and costs, and net assets (adjusted). Descriptions and reconciliations are provided in the interim report’s non-GAAP section and in the 2025 Form 20-F supplementary information.
How does the "Risks and Opportunities" section affect Deutsche Bank (DB) risk disclosures?
The interim report’s “Risks and Opportunities” section is intended to supplement, not replace, the “Risk Factors” section in Deutsche Bank’s 2025 Form 20-F. Investors are directed to read both discussions together for a fuller view of the bank’s risk profile.
What forward-looking statement cautions does Deutsche Bank (DB) emphasize here?
Deutsche Bank stresses that forward-looking statements involve significant risks and uncertainties and speak only as of their date. It cites factors such as global market conditions, borrower and counterparty defaults, strategic implementation, and risk-management reliability, referencing detailed risks in the 2025 Form 20-F.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2026
Commission File Number 1-15242
DEUTSCHE BANK CORPORATION
(Translation of Registrant’s Name Into English)
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐
2
Explanatory note and Exhibits
This Report on Form 6-K contains the following exhibits. This Report on Form 6-K and the exhibits hereto are hereby
incorporated by reference into Deutsche Bank’s Registration Statement No. 333-278331. For the avoidance of doubt,
the section of the Interim Report (contained in Exhibit 99.1) entitled “Risks and Opportunities” is intended to supplement,
but not replace, the section “Risk Factors” in the Deutsche Bank’s 2025 Annual Report on Form 20-F.
Exhibit 99.1: Deutsche Bank AG’s Interim Report as of June 30, 2026 (IASB IFRS).
Exhibit 99.2: Capitalization table of Deutsche Bank AG as of June 30, 2026 (IASB IFRS).
For non-U.S. purposes, Deutsche Bank publishes its Interim Report and other financial reporting documents setting forth
results prepared in accordance with International Financial Reporting Standards (IFRS) as endorsed by the European
Union, including application of fair value hedge accounting for portfolio hedges of interest rate risk (fair value macro
hedges) in accordance with the EU carve out version of IAS 39 (“EU IFRS”, using the “EU carve out”). Fair value hedge
accounting under the EU carve out is employed to minimize the accounting exposure to both positive and negative
moves in interest rates in each tenor bucket thereby reducing the volatility of reported revenue from Treasury activities.
For U.S. reporting purposes, Deutsche Bank also publishes its Interim Report prepared in accordance with IFRS as issued
by the International Accounting Standards Board (IASB), which does not permit use of the EU carve out (“IASB IFRS”), but
which is otherwise the same as EU IFRS. The Interim Report using IASB IFRS is attached as Exhibit 99.1 hereto. The
impact of the EU carve out is described in the section “Basis of preparation/impact of changes in accounting principles”
thereof.
Forward-looking statements contain risks
This report contains forward-looking statements. Forward-looking statements are statements that are not historical
facts; they include statements about our beliefs and expectations. Any statement in this report that states our intentions,
beliefs, expectations or predictions (and the assumptions underlying them) is a forward-looking statement. These
statements are based on plans, estimates and projections as they are currently available to the management of Deutsche
Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to
update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could
therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors
include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we
derive a substantial portion of our trading revenues, potential defaults of borrowers or trading counterparties, the
implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and
other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in
detail in our 2025 Annual Report on Form 20-F filed with the SEC, under the heading “Risk Factors.” Copies of this
document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.
3
Use of Non-GAAP Financial Measures
This document and other documents Deutsche Bank has published or may publish contain non-GAAP financial measures.
Non-GAAP financial measures are measures of its historical or future performance, financial position or cash flows that
contain adjustments that exclude or include amounts that are included or excluded, as the case may be, from the most
directly comparable measure calculated and presented in accordance with IFRS in its financial statements. Examples of
its non-GAAP financial measures, and the most directly comparable IFRS financial measures, are as follows:
Non-GAAP Financial Measure | Most Directly Comparable IFRS Financial Measure | |
Net interest income in the key banking book segments | Net interest income | |
Revenues on a currency-adjusted basis (“ex-FX”) | Net revenues | |
Costs on a currency-adjusted basis | Noninterest expenses | |
Net assets (adjusted) | Total assets | |
Tangible shareholders’ equity, Average tangible shareholders’ equity, Tangible book value, Average tangible book value | Total shareholders’ equity (book value) | |
Post-tax return on average tangible shareholders’ equity (based on Profit (loss) attributable to Deutsche Bank shareholders after AT1 coupon) | Post-tax return on average shareholders’ equity | |
Tangible book value per basic share outstanding, Book value per basic share outstanding | Book value per share outstanding |
For descriptions of these non-GAAP financial measures and the adjustments made to the most directly comparable
financial measures under IFRS, please refer to (i) the section “Non-GAAP financial measures” of Exhibit 99.1 hereto and
(ii) the section “Supplementary Information (Unaudited): Non-GAAP Financial Measures” of Deutsche Bank’s 2025 Annual
Report on Form 20-F.
When used with respect to future periods, non-GAAP financial measures Deutsche Bank uses forward-looking
statements. Deutsche Bank cannot predict or quantify the levels of the most directly comparable financial measures
under IFRS that would correspond to these measures for future periods. This is because neither the magnitude of such
IFRS financial measures, nor the magnitude of the adjustments to be used to calculate the related non-GAAP financial
measures from such IFRS financial measures, can be predicted. Such adjustments, if any, will relate to specific, currently
unknown, events and in most cases can be positive or negative, so that it is not possible to predict whether, for a future
period, the non-GAAP financial measure will be greater than or less than the related IFRS financial measure.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Deutsche Bank Aktiengesellschaft
Date: July 29, 2026
By: _/s/ Andrea Schriber
Name: Andrea Schriber
Title: Managing Director
By:_/s/ Joseph C. Kopec
Name: Joseph C. Kopec
Title: Managing Director and Senior Counsel
.
Filing Exhibits & Attachments
7 documentsOther Documents
- EX-1 EX-1 8.2 MB
- EX-2 EX-2 39.6 KB
- EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 184.6 KB
- EX-101 XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT 148.5 KB
- EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 393.2 KB
- EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 1.1 MB
- EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 731.4 KB