DOCSLIB.ORG

Deutsche Bank AG 1/1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Deutsche Bank AG 1/1 Annual Report for 1992 Deutsche Bank AG 1/1 Contents Deutsche Bank Aktiengesellschaft Deutsche Bank at a glance . 4 Taunusanlage 12, D-6000 Frankfurt am Main 1 Letter to Shareholders . 5 Supervisory Board . 8 Advisory Board . .".. 9 Board of Managing Directors . 11 Report of the Board of Managing Directors General Economic Situation . 12 Management Report of Deutsche Bank AG . 15 Our Staff . 28 Annual Statement of Accountsfor 1992 of Deutsche Bank AG Annual Balance Sheet . 32 Profit and Loss Account . 34 Figures from the Balance Sheet and Profit and Loss Account of Deutsche Bank AG . 36 This Annuiil Report Notes to the Annual Statement of Accounts . 38 is also published in (;erman, Frencti, Spaniski andJapanese Report of the Supervisory Board . 44 The full addresses of our branches and offices in Germany can be obtained from any Deutsche Table: Bank branch, subsidiary or affiliate. Upon reqiiest, Deutsche Bank - Your Partner Worldwide - we shall be pleased to send you a copy of the Group Companies and Affiliates . 46 "Directory ol Deutsche Bank Olfices". To order it, please use the reply card at ttie end Consolidated Statement of Accounts for 1992 of the Annual Revort. Report of the Group . 48 This papcr is env1totime17t-fr1endIy Consolidated Balance Sheet . , . 72 Cover: Consolidated Profit and Loss Account . 76 Gerhard Altenbourg, Figures from the Consolidated Hill in the Makiny, 1979. Balance Sheet and Profit and Loss Account . 78 mixed media, 27.5X 48.5 cm Shareholdings of Deutsche Bank AG . 81 Contemporary Art at Deutsche Bank . 91 Deutsche Bank at a glance Deutsche Bank Deutsche Bank AG Group Balance sheet total ........................ Funds from outside sources ................ Total credit extended ...................... Capital and reserves ....................... (incl. pnrticipntory capital) Equity ratio .............................. Net interest income ....................... Net commission income ................... Staff and other operating expenses .......... Partial operating profit ..................... Operating profit .......................... Taxes ................................... Net income for the year .................... Net income per DM 50 share ............... Additions to revenue reserves ............... Withdrawals from reserves ................. Total dividend payment .................... Dividend per DM 50 share .................. Tax credit per DM 50 share ................. (tnr sliareholders with full Gerrrian tdx liability) ') excludiny rriitiority intcrcsts in prnfit Shareholders ............................. * * Staff .................................... 74. 256 7 1.400 Customers (excl. banks) .................... 8.45 m . 8.07 m . Offices .................................. 2. 146 1.944 dnniestic ............ 1.713 1.539 Iorf!i~;ln ................ 433 405 * iior dppli~dble .... .... Dear Shareholders, We closed the 1992 financial year with Group net narrowed slightly. In trading for own account, the income for the year of DM 1,830 m. This is an ad- previous year's level was well maintained. At 7.7% vance of 30% on the previous year's figure. We pro- the rise in staff and other operating expenses in Pose a distribution of DM 695 m. to the shareholders the Group sank by more than half compared with the of Deutsche Bank AG; this again corresponds to a previous year. dividend of DM 15 per DM 50 share. We allocated DM 809 m. of the profits earned in Balance sheet total close to DM 500 bn. the Group to revenue reserves; a further DM 342 m. will be added following approval by the respective The Group's consolidated balance sheet total rose General Meeting. again in 1992 by about DM 50 bn. to reach almost In 1992, operating profit in the Group rose by 7%to DM 500 bn. on the balance sheet date. Besides the DM 6,388 m. and at Deutsche Bank AG by 8% to first-time consolidation of the Deutscher Herold DM 4,610 m. The growth in earnings in the Group and Group, this growth resulted mainly from lending at the parent company stemsfrom a strong rise in net business. interest and commission income. The higher income Deutsche Bank AG's balance sheet total rose by in interest business is due to growth in average 9% to DM 334 bn.; total credit extended crossed the business volume, while the overall interest margin DM 200 bn. threshold for the first time. Development of operating profit 1982-1992 Development of balance sheet total 1982-1992 (in DM bn.) iiri DM bn i Deiitsche Bank Group D DRIITSC~RBank Groiip 0Deutsche Bank AG D Deutsche Bank AG 1982 1984 1986 1988 1990 1992 1986 excluding special trarisdctiuri Capital and reserves strengthened further This participation is intended to preserve the character of the Gerling Group as the only major, Group capital and reserves, including participatory international German insurance company that is still capital, totalled DM 20,943 m. as at the end of the family-owned and to strengthen its role as a partner year. This is an increase of more than DM 2.7 bn. for German industry. compared with the previous year. In the area of equity finance, our activities in the old We achieved ratios of 5.4% for core capital and and new federal states were reorganized and 10.5% for total capital, thus exceeding the minimum incorporated under DBG Vermögensverwaltungs- capital ratios of 4% and 8% respectively as required gesellschaft mbH, Frankfurt am Main. To underpin internationally under the Basle capital adequacy this business, Partners from the insurance industry regulation. We will clearly meet the EC capital have been included in the circle of shareholders. In adequacy requirements as well. property leasing, we have been operating indepen- dently through our now wholly-owned subsidiary Provisioning measures in lending business Deutsche Immobilien Leasing GmbH, Düsseldorf, since October 1992 and, with 8 branches, have a The risks in national and international lending nationwide presence. business were again careful ly assessed and valued In London, the futures and options businesses in accordance with uniform criteria throughout the were merged into the new Group subsidiary DBMG Group. Futures & Options Ltd. In particular, we have The concentration of our activities in North - made adequate provision for all creditworthiness America under the roof of Deutsche Bank North risks America Holding Corp., New York, progressed as - formed appropriate collective adjustments for planned and included the takeover of the brokers C.J. latent risks Lawrence Inc., New York. - allowed for country risks for a total of 58 sovereign We now hold all the voting shares in the Australian states investment firm Bain & Company Ltd., Sydney. - valued securities holdings according to the strict "lower of cost and market" principle. Streamlining our organization Expansion of the Group In 1992 we continued to build up and expand our In the second half of the year under review, we technical infrastructure as planned. At home, we acquired a majority interest in Deutscher Herold AG, have concentrated our computer centres at a small Bonn. Deutscher Herold is an insurance group with a number of locations. Capital investment of long tradition and a good market positioning. Its DM 160 m. is planned for the new technical centre in activities are centred on life insurance business Leipzig. EDP services for European countries outside with private individuals and commercial clients. It Germany are now provided through a centre in Great also offers a wide range of composite insurance Britain. products. In addition, we tooka 30%stake in Gerling- Our network services were transferred to Konzern Versicherungs-Beteiligungs-AG, Cologne. Deutsche Gesellschaft für Netzwerkdienste mbH, Eschborn. This independent subsidiary not only Outlook supports all Group operations but also offers the We are aware that, owing to the general economic bank's value-added Services, such as Electronic situation, 1993 will be a difficult year. Nonetheless, Banking, to external clients. we aim to enhance our earning power further by In view of new, complex forms of financing on the seeking margin-oriented growth and, at the Same international markets the systems for processing, time, by limiting risks and reducing administrative authorizing and monitoring credit exposures are costs. being steadily extended. Frankfurt am Main, March 1993 Deutsche Bank AkliericjesellsctialI The Board of Managing Directors 1/ Carl L. von Boehm-Bezing Rolf-E. Breuer Horst Burgard Ulrich Cartellieri John A. Craven Michael Endres ~ilrn~rKopper Jürgen Krumnow Georg Krupp Ellen R. Schneider-Lenne Ulrich Weiss Herbert Zapp Honorary President Hermann J. Abs Frankfurt am Main Supervisory Board Dr. Heribald Närger Chairman of the Supervisory Board of Siemens AG, Munich Dr. F. Wilhelm Christians, Chalrman Dr. Michael Otto Düsseldorf Chairman of the Board of Management of Oilo-Versand (GmbH & Co.), Hamburg Hagen Findeisen", Deputy Chairman Deutsche Bank AG, Hamburg Josef Pfaff* Deutsche Bank AG, Cologne Jürgen Bartoschek* Deutsche Bank AG, Fronkfuri am Mairi Gerhard Renner* Member of the National Executive Dr. Marcus Bierich of Deutsche Angestelllen-Gewerkschnll, Hamtiurg Chairman of the Board of Management of Robert Bosch GmbH, Stuttgart Lorenz Schwegler* President of Gewerkschaft Dr. Robert Ehret Handel, Banken und Versicherungen, Düsseldorf Frnnkfurl arri Main Herbert Seebold* Dr Friedrich Karl Flick Deutsche Bank AG, Stuttgart Düsseldorf Dr. Wilfried Guth Dr. Günter Vogelsang Frarikfurt am Main Düsseldorf-Oberkassel Gerd Hirsbrunner* Lothar Wacker* Deutsche Bank
Load more

Recommended publications
  • The Peace Conference Day by Day a Presidential Pilgrimage Leading to the Discovery of Europe
    THE PEACE CONFERENCE DAY BY DAY A PRESIDENTIAL PILGRIMAGE LEADING TO THE DISCOVERY OF EUROPE AMERICAN COMMISSION TO NEGOTIATE PEACE PARIS, 23 Juno, 1919. My dear Mr. Thompson;- I learn with real regret tint you are leaving shortly for the felted States. Almost exactly oight months ago today I arrived in Franca to confer with the representatives of the Allies respecting Arr.istloe Jerms tc be offered Germany, Immediately upon my arrival you called on me and simce that timo you have, without interruption, acted as a Spoo:al Cor- respondent of the Associated Press in reporting the proceedings of tho Peace Conference. I have had tha crppcrumity of reading your dispatches after they have been printed in tha American papers, and it is ray firm conviction that these dispatches have represented accurately the sitiiation as it changed from time to time* You have bean altogether fair, and at the same time entirely sympathetic tc the aims of tho representatives of the United States at fee Conference. You have indeed, my dear Mr. Thorap- 3on, splendidly maintained tha traditions of the great organization with which you are associated; besides, it haa beca a great pleasure to mo personally to have been given the opportunity to be associated with ycu. Taitnfuily y Charles T. Thompson, Esq., Associated Press, PARIS. THE PEACE CONFERENCE DAY BY DAY A PRESIDENTIAL PILGRIMAGE LEADING TO THE DISCOVERY OF EUROPE BY CHARLES T. THOMPSON WITH AN INTRODUCTORY LETTER BY COLONEL E. M. HOUSE NEW YORK BRENTANO'S PUBLISHERS Copyright, 1920, by BRENTANO'S All rights reserved CONTENTS CHAPTER PAGE Introductory Letter by Colonel House .
    [Show full text]
  • List of Shareholdings 2018 List of Shareholdings Deutsche Bank Group 2018 Deutsche Bank Shareholdings (Deutsche Bank Group) Shareholdings 2018
    Deutsche Bank List of Shareholdings 2018 List of Shareholdings Deutsche Bank Group 2018 Deutsche Bank Shareholdings (Deutsche Bank Group) Shareholdings 2018 List of Shareholdings 2 Subsidiaries 10 Consolidated Structured Entities 14 Companies accounted for at equity 16 Other Companies, where the holding exceeds 20 % 20 Holdings in large corporations, where the holding exceeds 5 % of the voting rights The following pages show the Shareholdings of Deutsche Bank Group pursuant to Section 313 (2) of the German Commercial Code (“HGB”) as well as to the Guidelines on disclosure requirements under Part Eight of Regulation (EU) No 575/2013 (Template EU LI3). Footnotes: 1 Entity fully consolidated under the regulatory scope. 2 Entity neither consolidated nor deducted under the regulatory scope. 3 Status as shareholder with unlimited liability pursuant to Section 313 (2) Number 6 HGB. 4 Entity under the regulatory scope deducted from own funds according to Articles 36 and 48 CRR. 5 Controlled. 6 Limited Partnership. 7 Only specified assets and related liabilities (silos) of this entity were consolidated. 8 General Partnership. 9 Not controlled. 10 Accounted for at equity due to significant influence. 11 Classified as Structured Entity not to be accounted for at equity under IFRS. 12 Classified as Structured Entity not to be consolidated under IFRS. 13 Preliminary Own funds of € 7,085.8m / Result of € 4.6m (Business Year 2018). 14 Not consolidated or accounted for at equity as classified as non-trading financial assets mandatory at fair value through profit or loss. 15 Preliminary Own funds of € 7,970.5m / Result of € 63.9m (Business Year 2018).
    [Show full text]
  • Annual Report for 1990 Deutsche Bank AG EI
    Annual Report for 1990 Deutsche Bank AG EI Contents Deutsche Bank at a glance ....................... 4 Deutsche Bank Letter to Shareholders ........................... 5 Aklier~g~sellsct~~~fL Supervisory Board ................................ 10 Taunusanlage 12, D-6000 Frankfurt am Main 1 Advisory Board ................................... 11 Board of Managing Directors .................... 13 Report of the Board of Managing Directors General Economic Situation ..................... 14 Management Report of Deutsche Bank AG .... 19 Report of the Supervisory Board ............... 32 Annual Statement of Accounts for 1990 of Deutsche Bank AG Annual Balance Sheet ............................ 34 Profit and Loss Account .......................... 36 Figures from the Balance Sheet and Profit and Loss Account of Deutsche Bank AG ........ 38 Growth of Capital and Reserves ................. 40 Notes to the Annual Statement of Accounts .... 41 Chart: Deutsche Bank - Your Partner Worldwide - Group Companies and Affiliates ................. 46 Consolidated Statement of Accounts for 1990 Report of the Group .............................. 48 Consolidated Balance Sheet ..................... 70 Consolidated Profit and Loss Account .......... 74 Ttiis Anniial Report is also piihlished in German, I-rench and Spanish. Figures from the Consolidated Balance Sheet Tlie full addicsscs ot oiir hrnnches and offices in Gerniany can be ob- and Consolidated Profit and Loss Account ..... 76 tained frorn ariy Deutsche Bankoffice. subsidiary or associated cornpany. Shareholdings
    [Show full text]
  • Jahresabschluss Und Lagebericht Der Deutschen Bank AG 2016 Deutschen Bank AG 2016Deutschen Der Lagebericht Und Jahresabschluss
    Jahresabschluss und Lagebericht der Deutschen Bank AG 2016 Jahresabschluss und Lagebericht der Deutschen Bank AG 2016 Lagebericht Deutschen und der AG Bank Jahresabschluss Deutsche Bank Inhalt 1 – Lagebericht Überblick über die Geschäftsentwicklung – 3 Ausblick – 17 Risiken und Chancen – 27 Risikobericht – 30 Vergütungsbericht – 63 Internes Kontrollsystem bezogen auf die Rechnungs legung – 117 Nicht-finanzielle Leistungsindikatoren – 122 Angaben nach § 289 Absatz 4 HGB und erläuternder Bericht – 128 2 – Jahresabschluss Bilanz zum 31. Dezember 2016 – 133 Gewinn- und Verlustrechnung für die Zeit vom 1. ­Januar bis 31. Dezember 2016 – 135 Anhang – 136 3 – Bestätigungen Versicherung der gesetzlichen Vertreter – 199 Bestätigungsvermerk des Abschlussprüfers – 200 1 Lagebericht Überblick über die Geschäfts­ entwicklung – 3 Kreditrisiko – 48 Unsere Organisation – 3 Marktrisiko – 50 Wirtschaftliches Umfeld – 6 Operationelles Risiko – 52 Gewinn- und Verlustrechnung – 10 Verschuldungsquote – 53 Bilanz – 14 Liquiditätsrisiko – 56 Kapitaladäquanz – 57 Ausblick – 17 Vergütungsbericht – 63 Risiken und Chancen – 27 Vergütungsbericht für den Vorstand – 64 Risikobericht – 30 Vergütungsbericht für die Mitarbeiter – 94 Grundsätze des Risikomanagements – 30 Grundzüge des Vergütungssystems Rahmenwerk für das Risikomanagement – 31 für die Mitglieder des Aufsichtsrats – 113 Risiken der Deutsche Bank AG Internes Kontrollsystem bezogen im Konzernverbund – 32 auf die Rechnungslegung – 117 Organisation des Risikomanagements – 32 Risikostrategie und Risikotoleranz
    [Show full text]
  • 'It Is Therefore Both in the German and in the Dutch Interest...'
    'It is therefore both in the German and in the Dutch interest...' Dutch-German relations after the Great War. Interwoven economies and political détente, 1918-1933 Jeroen Euwe ‘Het is dus zoowel een Duitsch als een Nederlandsch belang…’ Hendrik Colijn aan de Raad van Bijstand van Economische Zaken, Departement Buitenlandsche Zaken, Den Haag, 28-2-1920. 'It is therefore both in the German and in the Dutch interest...' Dutch-German relations after the Great War. Interwoven economies and political détente, 1918-1931 ‘Het is dus zoowel een Duitsch als een Nederlandsch belang…’ Nederlands-Duitse betrekkingen na de Eerste Wereldoorlog. Verweven economieën en politieke detente, 1918-1931 Proefschrift ter verkrijging van de graad van doctor aan de Erasmus Universiteit Rotterdam op gezag van de rector magnificus prof.dr. H.G. Schmidt en volgens besluit van het College voor Promoties. De openbare verdediging zal plaatsvinden op vrijdag 21 december 2012 om 15.30 uur door Jilles Jeroen Euwe geboren te Vlaardingen Promotiecommissie: Promotor: Prof.dr. H.A.M.Klemann Overige leden: Prof.dr. A. de Jong Prof.dr. J.P.B. Jonker Prof.dr. P.T. van de Laar Contents Acknowledgements i Chapter 1 – Introduction 1.1 Introduction 4 1.2 The Dutch-German economic bonds 7 1.3 The historiography of Dutch-German (economic) relations 11 1.4 Theoretical framework: interdependence theory 17 Proving themselves right: liberal and neo-realist models 20 1.5 Interdependence theories: relevance to this study 24 Complicating factors 26 1.6 Central research question, sub-questions,
    [Show full text]
  • 100 Years of Bauhaus
    Excursions to the Visit the Sites of the Bauhaus Sites of and the Bauhaus Modernism A travel planner and Modernism! ↘ bauhaus100.de/en # bauhaus100 The UNESCO World Heritage Sites and the Sites of Bauhaus Modernism Hamburg P. 31 Celle Bernau P. 17 P. 29 Potsdam Berlin P. 13 Caputh P. 17 P. 17 Alfeld Luckenwalde Goslar Wittenberg P. 29 P. 17 Dessau P. 29 P. 10 Quedlinburg P. 10 Essen P. 10 P. 27 Krefeld Leipzig P. 27 P. 19 Düsseldorf Löbau Zwenkau Weimar P. 19 P. 27 Dornburg Dresden P. 19 Gera P. 19 P. 7 P. 7 P. 7 Künzell P. 23 Frankfurt P. 23 Kindenheim P. 25 Ludwigshafen P. 25 Völklingen P. 25 Karlsruhe Stuttgart P. 21 P. 21 Ulm P. 21 Bauhaus institutions that maintain collections Modernist UNESCO World Heritage Sites Additional modernist sites 3 100 years of bauhaus The Bauhaus: an idea that has really caught on. Not just in Germany, but also worldwide. Functional design and modern construction have shaped an era. The dream of a Gesamtkunst- werk—a total work of art that synthesises fine and applied art, architecture and design, dance and theatre—continues to this day to provide impulses for our cultural creation and our living environments. The year 2019 marks the 100 th anniversary of the celebration, but the allure of an idea that transcends founding of the Bauhaus. Established in Weimar both time and borders. The centenary year is being in 1919, relocated to Dessau in 1925 and closed in marked by an extensive programme with a multitude Berlin under pressure from the National Socialists in of exhibitions and events about architecture 1933, the Bauhaus existed for only 14 years.
    [Show full text]
  • Bibliography
    BIBLIOGRAPHY I. PRIMARY SOURCES A. Germany I) Bundesarchiv Koblenz Reichskanzlei, R 43 1 Reichsfinanzministerium, R 2 Reichsministerium fiir den Wiederaufbau, R 38 2) Politisches Archiv des Auswiirtigen Amts, Bonn a) Biiro des Reichsministers Reden des Reichskanzlers fiber auswartige Politik Reparationsfragen Reparationen 5 seer. MaBnahmen der Entente bei Nichterfiillung der Reparationen Intemationale Geschiiftsleutekonferenz Deutsch-Englische Industrie Cooperation Ruhrgebiet Frage des Abbruchs der Beziehungen Frage der Aufgabe des passiven Widerstandes b) Sonderreferat Wirtschaft Verhandlungen der Sechserkommission des bergbaulichen Vereins mit der MICUM Verhandlungen Krupp, Wolff, Becker, u.a. mit der MICUM Die Aktion der amerikanischen Handelskammer Wirtschaftliche Vereinigungen c) Wirtschaftsreparationen Organisation der Sachleistungen, Vorschlage, Seydoux: AbschluB von Ab­ kommen mit Frankreich fiber Sachleistungen und Lauf der Sachleistungen (Verhandlungen mit Tannery, Loucheur, Rathenau) Lieferungsabkommen zwischen de Lubersac und Stinnes Besetzung des Ruhrgebiets Sonderakte Kohle, Koks, usw. BIBLIOGRAPHY Plane bzw. Vorschlage zur Regelung der Reparationsfrage Allgemeine Reparationsfrage Vorarbeiten zum Memorandum v. 7.6.23 Kommissionsarbeiten zur Bereitstellung des Reparationsmaterials Die amerikanische Vermittlung in der Reparationsfrage d) Handakten, Direktoren Schubert Ha. Pol. Ritter 3) Historisches Archiv der Gutehoffnungshiitte (RA GRR) 4) Werksarchiv der MAN Augsburg 5) Westfiilisches Wirtscha!tsarchiv, Dortmund rvvw A)
    [Show full text]
  • Verzeichnis Des Anteilsbesitzes 2003 List of Shareholdings 2003
    Verzeichnis des Anteilsbesitzes 2003 List of Shareholdings 2003 Anteilsbesitz Shareholdings** gemäß § 313 Abs. 2 HGB zum Konzernabschluss pursuant to § 313 (2) CommC for the Consolidated sowie gemäß § 285 Nr. 11 HGB zum Jahresabschluss Statement of Accounts and pursuant to § 285 No. 11 der Deutschen Bank AG einschließlich der Angaben CommC for the Annual Statement of Accounts of nach § 285 Nr. 11a HGB* Deutsche Bank AG including information pursuant to § 285 No. 11a CommC* I. Verbundene Unternehmen 2 Subsidiaries II. Zweckgesellschaften und 33 Variable Interest Entities ähnliche Strukturen III. Nach der Equity-Methode 35 Companies accounted for at equity bewertete Gesellschaften IV. Beteiligungen an großen Kapital- 45 Holdings in large corporations, where gesellschaften, bei denen die the holding exceeds 5 % of voting rights Beteiligung 5 % der Stimmrechte überschreitet Anmerkungen 46 Notes Stichtagskurse 47 Reporting-Date Exchange Rates Anhang: Alphabetisches Verzeichnis 48 Appendix: Index of Companies in der Gesellschaften alphabetical order * Die Angabe nach § 285 Nr. 11a HGB (Stellung als unbeschränkt * Information pursuant to § 285 No. 11a CommC (position as share- haftender Gesellschafter) erfolgt in der Spalte „gehalten über“ durch holder with unlimited liability) is given in italics in the column headed Kursivdruck. “held through”. Nach § 286 Abs. 3 Satz 1 Nr. 1 HGB bzw. § 313 Abs. 2 Nr. 4 HGB Pursuant to § 286 (3) Sentence 1 No. 1 CommC and § 313 (2) No. 4 unterbleiben die Angaben des Eigenkapitals sowie des Ergebnisses, CommC respectively we do not disclose the own funds and the soweit sie für die Darstellung der Vermögens-, Finanz- und Ertrags- result to the extent that they are insignificant for the presentation of lage der Deutschen Bank AG beziehungsweise des Konzerns net worth, financial position, and results of Deutsche Bank AG and Deutsche Bank von untergeordneter Bedeutung sind.
    [Show full text]
  • Annual Financial Statements and Management Report of Deutsche Bank AG 2012 Deutsche Bank
    Annual Financial Statements and Management Report 2012 Deutsche AG of Management Bank Statements and Financial Annual Annual Financial Statements and Management Report of Deutsche Bank AG 2012 Deutsche Bank Umschlag_Lagebericht_2012_de.indd 1-3 4/2/2013 11:18:19 AM 01 - Management Report Operating and Financial Review Our Organization – 2 Economic Environment – 3 Executive Summary – 5 Income Statement – 6 Balance Sheet – 9 Events after the Reporting Date – 11 Risk Report Risk Management Principles – 12 Risk Management Framework – 12 The Risks of Deutsche Bank AG within the Group Network – 13 Risk Management Organization – 13 Risk Strategy and Appetite – 16 Risk Management Tools – 17 Types of risk – 17 Capital Adequacy – 22 Internal Control over Financial Reporting – 25 Non-financial Key Performance Indicators – 29 Information pursuant to Section 289 (4) of the German Commercial Code and Explanatory Report – 32 Compensation Report – 36 Outlook – 66 2013_02_27_DB Cover AG-Bericht_Inhaltsverzeichnise.indd 11-12 4/5/2013 4:30:43 PM Deutsche Bank Bank 0101 –– ManagementManagement Report Report 2 2 Annual Annual Financial Financial Statements Statements OperatingOperating and and Financial Financial Review Review and ManagementManagement Report Report of DeutscheDeutsche Bank Bank AG AG 2012 2012 Operating and Financial Review Our Organization Headquartered in Frankfurt am Main, Germany, Deutsche Bank Group is the largest bank in Germany and one of the largest financial institutions in Europe and the world, as measured by total assets of € 2,012 billion as of December 31, 2012. As of that date, the Group employed 98,219 people on a full-time equivalent basis and operated in 72 countries out of 2,984 branches worldwide, of which 65 % were in Germany.
    [Show full text]
  • Banks on Board Jeffrey Fear, Christopher Kobrak
    Banks on Board Jeffrey Fear, Christopher Kobrak To cite this version: Jeffrey Fear, Christopher Kobrak. Banks on Board: Banks in German and American Corporate Governance, 1870-1914. 2007. hal-00287760 HAL Id: hal-00287760 https://hal.archives-ouvertes.fr/hal-00287760 Preprint submitted on 12 Jun 2008 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. August 22, 2007 – Working Paper Not to Be Quoted Without Permission of the Authors Banks on Board: Banks in German and American Corporate Governance, 1870-1914 Jeffrey Fear, Global Business, University of Redlands Christopher Kobrak, ESCP-EAP, European School of Management Abstract : As part of a series of related papers, the authors examine the conceptual foundations of German and American corporate governance, specifically highlighting the role of banks’ relationships to corporations and the stock market. This paper focuses on how the regulatory and macroeconomic environments of the two countries helped shape how banks, especially money-centred bankers, actually interacted with their clients. Prior to 1914, despite many regulatory obstacles, American banks wielded more power over U.S. corporations than the legendary German ones because they had more “opportunities” for intervention.
    [Show full text]
  • PDF Edition 2004/3
    Historical Association of Deutsche Bank Bank and History Historical Review No. 6 Beginning of November 2004 A marriage of convenience 75 years ago: the big merger of 1929 In 1929, two Berlin banks joined forces that team of the competitor: “I am afraid that be- had pitted their strengths in competition tween Disconto-Gesellschaft and ourselves against one another over several decades. lasting peace and honest agreement are im- Both were leaders in capital markets, and possible. Salomonsohn [...] is insincere and both had excellent contacts to big industry fully unreliable; Solmssen, who I hold to be and international finance. But despite the an upright man, has yet to make a decision; common aspects in the structure of their Schoeller is a show-off, whose primary con- business, there were fundamental differ- cern is all too frequently the canapés, and ences between the two. Peter Brunswig, who cannot forgive us for having so resound- Deputy Member of the Board of Managing ingly surpassed his institution.” Even if a Directors of Deutsche Bank at the time of the quarter of a century later, when a different merger, described them concisely: “Deutsche generation was at the helm, and Gwinner Bank was entirely consumed by the com- was relegated to observing events as a mercial spirit. Every big company has a cer- member of the Supervisory Board, there was tain tendency towards bureaucracy, but at no doubt about it: The merger of the long- Deutsche Bank this tendency was repressed time competitors was a marriage of conven- as much as possible. At Disconto-Gesell- ience, and not of love.
    [Show full text]
  • Behrens V. Düsseldorf” * by HENNING KAHMANN and VARDA NAUMANN © 1
    Comment on the Recommendation by the Advisory Commission in the case of “Behrens v. Düsseldorf” * by HENNING KAHMANN and VARDA NAUMANN © 1 In its recommendation of February 3, 2015 2 the Advisory Commission on the return of cultural property seized as a result of Nazi persecution, especially Jewish property ( Beratende Kommission für die Rückgabe NS-verfolgungsbedingt entzogener Kulturgüter or Limbach Commission for short) has advised against the restitution of a painting. The work concerned is “Pariser Wochentag” by Adolph von Menzel. The claimant was the community of heirs to the estate of George Eduard Behrens. The respondent, the City of Düsseldorf, opposed the claim arguing that the sale of the painting from the Behrens collection to the municipal art collections (Städtische Kunstsammlungen Düsseldorf) had not been a loss of property as a consequence of Nazi persecution. I. Factual background The factual background to the recommendation was essentially as follows: “Pariser Wochentag” was painted by Adolph von Menzel in 1869 and acquired by Eduard Ludwig Behrens, the owner of L. Behrens & Söhne, a private bank in Hamburg, for his art collection in or before 1886. The painting remained in the family’s ownership until 1935. In March of that year George E. Behrens informed the Hamburger Kunsthalle about the proposed sale of 33 paintings from the Behrens collection which were on loan to the Kunsthalle. That same year, Hans-Wilhelm Hupp 3, the director of Düsselsdorf’s municipal art collections since 1933, was attempting to acquire a “major work by Menzel”. In July 1935 Menzel’s painting “Pariser Wochentag” came into the possession of the Galerie Paffrath, the same gallery which earlier that year Hupp had commissioned to look for a work by Menzel.
    [Show full text]