BayernLB Group Investor Presentation

Munich, October 2021 Contents › Financial performance 3 H1 2021 › Strategy & Outlook 17 › High portfolio quality 23 › Funding, liquidity and Pfandbriefs 31 › Ratings 35 › Detailed charts 38

2 Financial performance H1 2021

3 Performance highlights in H1 2021 Profit before taxes

Pre-tax profit of EUR 485 m due to good operating earnings + performance in all segments, net positive risk provisions and the EUR 485 m bonus from tender participation

Consolidated profit of EUR 248 m; Consolidated profit + increase in tax rate from the adjustment of deferred taxes due to the ending of the DKB income tax group EUR 248 m Net interest and net commission income rise to EUR 1.2 bn + (H1 2020: EUR 1.0 bn) Net interest and net commission income + Administrative expenses fall, despite growth investment in DKB’s Infrastructure, thanks to savings at BayernLB core Bank EUR 1.2 bn

Capital base remains good: CET1 ratio of 15.6%, CET1 ratio + solid scores achieved in EBA stress test

Earnings forecast for financial year 2021 raised to 15.6% + EUR 500 – 700 million before taxes

4 Earnings growth thanks to good operating profit, net positive risk provisions and the tender bonus

Profit/loss before taxes Consolidated profit/loss EUR m EUR m

485 248

158 101

H1 2020 H1 2021 H1 2020 H1 2021

CIR RoE in % in % 67.2 9.5 55.3 3.2

H1 2020 H1 2021 H1 2020 H1 2021

5 Capital base stable and at a solid level

Total assets RWAs EUR bn EUR bn

1 256 282 65.0 65.1

Dec 2020 Jun 2021 Dec 2020 Jun 2021

CET1 capital CET1 capital ratio EUR bn in %

10.3 10.1 15.9 15.6

Dec 2020 Jun 2021 Dec 2020 Jun 2021 1 Increase in total assets in particular due to participation in ECB tender (current volume of EUR 38.5 bn)

6 Rise in net interest and net commission income buoyed by tender bonus

Net interest income Net commission income EUR m EUR m

1,006 189 873 154

H1 2020 H1 2021 H1 2020 H1 2021

› Increase on year-before period thanks to › Higher contributions from the lending and stable operating customer business in all securities business, state-subsidised business segments and the EUR 164 m bonus from and Group subsidiaries Real I.S. and DKB tender participation › Approx. EUR 40 m moved to gains or losses on fair value measurement as part of the Brexit-related shift from LCH.Clearnet to Eurex Clearing

7 Gains from fair value and risk provisions

Gains or losses on fair value measurement Risk provisions EUR m EUR m

145

51 44 (75)

H1 2020 H1 2021 H1 2020 H1 2021

› The rise in earnings was mostly due to good › First half buoyed by persistently good asset operating customer business, such as precious quality, releases of risk provisions and metals trading, and measurement gains as a recoveries on written down receivables result of market performance › There remains a significant amount of the post › Derivatives transfer: contra position to net model adjustment of EUR 292 m (Dec 2020: interest income, growth of approx EUR 40 m EUR 325 m)

8 Administrative expenses lower and bank levy and deposit guarantee scheme considerably higher

Administrative expenses Expenses for the bank levy and deposit guarantee EUR m scheme EUR million (764) (754) (142) (170)

bank levy (68) BayernLB (433) (414) (75) deposit guarantee scheme (74) DKB (332) (342) (95)

H1 2020 H1 2021 H1 2020 H1 2021

› Operating costs fell at BayernLB › The contributions to the deposit guarantee › DKB posted higher expenses for infrastructure scheme increased in line with higher customer and new employees as part of its growth deposits at DKB strategy

9 Earnings improved in all segments

Profit/loss before taxes by segments EUR m H1 2020 H1 2021 273

155 117 97 115 (5) (70) (41)

Real Estate & Savings Corporates & Markets DKB Central Areas & Banks/Financial Others Institutions

› Real Estate on growth trajectory in line with › DKB posts jump in earnings; strategy; earnings in the precious metals and growth in credit volume, successful new customer state-subsidised business remained high acquisition and favourable funding conditions › Corporates & Markets: good operating › Central Areas & Others: improvement in earnings business and measurement gains; costs cut by driven by bonus from participating in tender streamlining in the capital market business

10 Real Estate & Savings Banks/ Financial Institutions

EUR m H1 2020 H1 2021 Highlights Net interest income 160 173 › Real Estate posts higher net interest income in line with Risk provisions in the credit business (10) 3 strategy Net commission income 118 135 › Savings Banks & Financial Other earnings components 47 44 Institutions continues to benefit Administrative expenses (199) (200) from high fair value gains in the Profit/loss before taxes 117 155 previous metals business and good commission income, Risk-weighted assets (RWAs) 12,089 11,730 including in state-subsidised business › Good operating performance at CIR RoE BayernLabo (profit before taxes in % in % of EUR 19 m) and at the asset 61 57 18.5 management companies 13.7 REAL I.S. (profit before taxes of EUR 17 m) and BayernInvest (profit before H1 2020 H1 2021 H1 2020 H1 2021 taxes EUR 3 m)

11 Corporates & Markets

EUR m H1 2020 H1 2021 Highlights Net interest income 148 163 › Earnings lifted by a good performance by the customer Risk provisions in the credit business (65) (1) business and net gains on Net commission income 40 43 measurement resulting from Other earnings components 40 36 market trends Administrative expenses (167) (144) › Administrative expenses cut due to streamlining in the Profit/loss before taxes (5) 97 capital market business Risk-weighted assets (RWAs) 24,464 23,190 › Reduction in RWAs reflects the implementation of the new sales approach by sector CIR RoE in % in % 73 5.9 60

(0.3) H1 2020 H1 2021 H1 2020 H1 2021

12 DKB

EUR m H1 2020 H1 2021 Highlights Net interest income 476 566 › Good performance in all segments: retail customers, Risk provisions in the credit business 2 33 infrastructure and corporate Net commission income 9 25 clients Other earnings components (2) 44 › Very positive earnings trend, Administrative expenses (332) (342) primarily due to the EUR 105 m bonus from participation in Bank levy and deposit guarantee (37) (54) tender, higher measurement scheme gains on funds and equity Profit/loss before taxes 115 273 interests and better risk Risk-weighted assets (RWAs) 25,635 24,670 provisions › Reduction in RWAs resulting from regulatory relief for small CIR RoE and medium-sized enterprises in % in % (SMEs) 69 16.1 54 6.6

H1 2020 H1 2021 H1 2020 H1 2021

13 Central Areas & Others

EUR m H1 2020 H1 2021 Highlights Net interest income 89 104 › Higher earnings buoyed by the tender bonus of EUR 59 m Risk provisions in the credit business (1) 9 › Earnings transfer of approx. Net commission income (13) (14) EUR 40 m from net interest Other earnings components 26 45 income to gains or losses on Administrative expenses (67) (69) fair value measurement as a result of the derivatives transfer Bank levy and deposit guarantee (104) (116) from LCH to EUREX scheme Profit/loss before taxes (70) (41) Risk-weighted assets (RWAs) 5,405 5,489

14 CET1 ratio well above SREP minimum ratios

15.6

8.625 Buffer for national systemic relevance 0.5 Capital conservation buffer 2.5 Pillar 2 requirement 1.125 Pillar 1 requirement 4.5

Jun 2021 2021 CET1 ratio CET1 SREP requirement

› CET1 ratio of 15.6% on 30 June 2021 was well › Additional capital buffers: above the SREP minimum ratio for 2021 of 8.625%.  Capital conservation buffer: 2.5 %: may › The minimum CET1 ratio set by the CRR (Pillar 1 be temporarily undershot due to the requirement) is 4.5%. corona crisis. › On top of that is an individual premium (Pillar 2  Buffer for national, systemically important requirement) of 1.125% for 2021. institutions: 0.5%.

15 MREL requirement is significantly exceeded

MREL holdings › The MREL requirement imposed by the in % of RWAs supervisory authority is 22.1% (of RWAs), not including own funds for the combined capital 55.79 buffer. › Large portfolio of subordinated eligible liabilities (senior non-preferred) not only effectively protects the superior senior preferred category from losses, but also offers broad protection 39.80 Senior non-preferred within the senior non-preferred category.

15.99 Regulatory own funds1

MREL holdings Jun 2021

1 Not including own funds, which are reserved for the requirements of the combined capital buffer.

16 Strategy & Outlook

17 Transformation in customer business is on course

Real Estate & Savings Corporates & Markets DKB Banks/FI › Growth trajectory in the › New sector teams launched › Growth trajectory continued real estate business: successfully in the and number of retail financing volume Corporates Business Area: customers increased to increased to EUR 24.6 bn sector expertise and 4.8 million › Precious metals business structuring expertise › Very good performance in on course for a new record consolidated the securities business: year: 438 tonnes of precious › First completely digital DKB Broker grew by more metals already traded in the settlement of an OTC than 30 percent to 600,000 first half of the year interest rate derivative as a securities accounts › Strong half-year in state- “smart derivative compared to year-before subsidised business: more contract” period › New banking app to be than 15,000 loans approved › CO2 business increased launched soon

18 Milestones of the transformation: sustainability, investments and costs

Sustainability Investments Costs

› PCAF enables standardised › Investment projects of › From the beginning of the calculation of emissions in over EUR 700 m by 2025 transformation programme portfolio, gradual driven forward, e.g.: in the core Bank up to 30 decarbonisation › BayernLB: implementation June 2021, activities to › Green commercial paper started in project to reduce costs of about EUR programme launched modernise the Bank 100 m (aggregated) were implemented › Two green benchmark management application bonds successfully placed landscape › Around 55 percent of the (green non-preferred bond › DKB Crowd: retail total planned headcount and green Tier 2, with a customers can participate in reduction in the core Bank is volume of EUR 500 m each) crowdfundingfor projects either already secured by by DKB business customers contract or soon to be so via a new digital platform

19 Change in the deposit guarantee scheme at DKB

› Deutsche Kreditbank AG (DKB) is an integral component of the BayernLB Group and, as an innovative digital bank, plays an important part in BayernLB’s commercial success. The following changes are set to take place with respect to its deposit guarantee scheme: › In issuing the Ordinance of 8 June 2021 on the statutory compensation scheme of the Bundesverband Öffentlicher Banken Deutschlands GmbH (EdÖ), the Federal Ministry of Finance ended its mandate as a statutory compensation scheme with effect from 1 October 2021. › The Institutions currently covered by this will thus be legally assigned to the Entschädigungseinrichtung deutscher Banken GmbH (EdB), a wholly-owned subsidiary of the Association of German Banks (BdB). Accordingly, as of 1 October DKB will also be assigned to the statutory compensation scheme EdB. › As a result of DKB’s move to the EdB, the relationship between DKB and BayernLB will change. BayernLB has revoked and terminated the letter of comfort for DKB effective from 30 November 2021. Customers that become new customers of DKB after 19 August 2021 are not permitted to utilise this letter of comfort from this date. The Bank also intends to end the control and profit and loss transfer agreement between BayernLB and DKB at the next possible date in 2021. In return, BayernLB will provide DKB with a substantial amount of additional capital so it can maintain a market-standard capital base even without BayernLB’s letter of comfort.

20 Our capital base: strong cornerstone of the BayernLB bank of the future

RoE 6.7 9.5 ~ 8 in %

CET1 ratio 15.6 15.6 >14 in %

RWAs ~ 70.0 EUR bn 64.6 65.1 ~0.5 0.2 0.2 DKB BayernLB core Bank ~ 39.5 Other subsidiaries 39.7 40.2

~ 32.0 24.7 24.7

2019 Jun 2021 2024

21 Forecast adjusted upward: profit before taxes of EUR 500-700 m

Adjusted forecast Forecast for 2021 OUTLOOK for 2021 (31 Dec 2020) (30 Jun 2020)

Profit/loss before taxes EUR 200-400 m EUR 500-700 m

Return on equity (RoE) >3% >5%

Cost/income ratio (CIR) 65-70% 60-65%

Common Equity Tier 1 >14% >15% ratio (CET 1 ratio) Leverage ratio >4% >4%

As it is unclear how the pandemic will unfold, this forecast is fraught with a high level of uncertainty.

22 High portfolio quality (as at Jun 2021)

23 Excellent asset quality

Gross credit volume Credit portfolio EUR bn › Credit volume up EUR 31.6 bn, partly due to participation in TLTRO III

313 345 › Portfolio quality very high › Impact of the coronavirus pandemic still very much evident, although negative effects decline somewhat

Dec 2020 Jun 2021

NPL ratio Rising quality in % › Despite the coronavirus crisis, slight decline in the NPL portfolio and a low NPL ratio of 0.5% 0.6 0.5 › Cover ratio stable at 40% without collateral

Dec 2020 Jun 2021

24 Well diversified credit portfolio – strategically important CRE and Retail sub-portfolios expanded

Gross credit volume by region Gross credit volume by sub-portfolio in % in %

Supranational organisations CIS (EUR 2.1 bn, <1%) (EUR 0.8 bn, <1%) Financial Institutions Asia/Australia/Oceania Latin America/Caribbean Commercial Real Estate (EUR 1.1 bn, <1%) (EUR 0.4 bn, <1%) 16% Middle East Africa 18% (EUR 1.1 bn, <1%) (EUR 0.1 bn, <1%) Corporates 22% 10% Retail/Other

Eastern Europe North America 3%1% 35% 85% Germany Countries/Public Sector/ Western Europe 9% Non-Profit Org.

› Countries/Pub. Sec./ › Germany EUR +32.3 bn Non-Prof. Org.1 EUR +27.8 bn › Western Europe EUR +0.4 bn › Commercial Real Estate EUR +1.4 bn › Asia/Australia/Oceania EUR -0.3 bn › Financial Institutions EUR +1.4 bn › Retail/Other EUR +1.1 bn 1 Growth largely due to participation in the ECB tender (TLTRO III) 25 Investment grade share slightly higher

Gross credit volume by rating category EUR bn

Dec 2020: Total EUR 313.4 bn Jun 2021: Total EUR 345.0 bn

89.5% investment grade

239.9 208.1

67.3 68.8 26.6 25.0 8.5 8.5 1.1 1.1 1.8 1.8 MR 0 - 7 MR 8-11 MR 12-14 MR 15 - 18 MR 19 - 21 MR 22 - 24

Investment grade Non-investment grade Default categories

26 Persistently high granularity

Net credit volume EUR bn / %

Dec 2020: Total EUR 239.0 bn Jun 2021: Total EUR 269.4 bn 65% up to EUR 500 m

70.2 58.5 59.1 45.9 36.6 38.3 33.1 31.2 23.0 23.4 22.3 23.9 19.6 17.4 6.0 0.0 > EUR 2.5 bn EUR 1 bn EUR 500 m EUR 250 m EUR 100 EUR 50 m EUR 5 m Up to EUR 5 m to 2.5 bn to 1 bn to 500 m m to 250 m to 100 m to 50 m

› Considerable growth posted in the “> EUR 2.5 bn” size category, as balances held with central banks were increased at Deutsche Bundesbank (incl. participation in TLTRO III) › The portfolio remains highly granular and a very high volume of EUR 152 bn still falls under the size categories up to EUR 0.25 bn

27 Diversified Corporates portfolio which maintains a high investment grade share

Corporates customers by sector EUR billion

Dec 2020: Total EUR 74.7 bn Jun 2021: Total EUR 74.5 bn

28.2 29.6 18.7 18.8

6.9 7.0 6.5 5.9 6.0 5.6 3.2 2.9 1.9 1.9 3.3 2.9

Construction & Energy Healthcare Consumer Manufacturing Mobility Other industries Technology basic resources goods & retail & engineering

› Business volume in the Corporates portfolio fell marginally by EUR 144 m. › Despite the ongoing coronavirus pandemic, the investment grade share in the sub-portfolio increased again to 74.4 percent (31 December 2020: 72.8 percent). The credit ratings in the portfolio that were downgraded in 2020 as a result of the coronavirus pandemic began to stabilise or improve to some extent during the period under review.

28 Commercial real estate finance

Gross credit volume by asset class/unit Highlights EUR bn/Jan 2021 › Portfolio was expanded as planned by EUR 3.8 bn to EUR 59.3 bn BayernLB DKB BayernLabo › Granular portfolio with 88 % share in Germany › Residential asset category includes around EUR 22 bn of low-risk business due to local authority/government 36.6 ownership or guarantees and housing associations 6.4 › 87% investment grade share › 70% of the cash flow generating gross exposure (GEX) has a debt service capacity of > 8% p.a.* › Expected loss at 4 bp; stable trend › Low average NPL ratio of 0.4%

27.6 Outlook The target markets for the commercial and residential real 10.0 › 7.1 estate business are still the German real estate market 4.4 and established, stable locations in Western and Eastern 4.1 Europe and the USA. 2.6 3.0 › Growth in foreign business is to be realised by using Residential Office Managed Retail existing infrastructure via foreign branches and local real estate networks while maintaining the current portfolio and risk profile. › The asset class distribution in the target portfolio will include a reduced share of shopping centres and hotels. 29 * As at 2020 Retail residential construction term loans

Gross credit volume by unit Distribution in Germany EUR bn/Dec 2020 Granular portfolio with focus on Bavaria, mainly due BayernLB DKB BayernLabo to BayernLabo 14.0 13.7 14.3 0.1 0.5 0.3 0.2 0.3 0.5 0.8 0.8 0.4 0.9 11,0 10,4 10,3 1.6 0.7 0.8 0.4 0.4 0.1 5.0 3,3 3,2 3,2 1.1 2018 2019 2020 Volume (EUR bn)

Highlights of the DKB portfolio Outlook for DKB › Average ticket size (entire portfolio): EUR 156 k Further increase in credit volume driven by high › Average ticket size (new business): EUR 269 k volume new business with a very high investment grade ratio.

30 Funding, liquidity and Pfandbriefs

31 Comfortable liquidity levels

Funding strategy Capital market funding › Lower funding needs in 2020 are the result of the EUR bn/BayernLB core Bank not incl. BayernLabo streamlining of BayernLB core Bank and the Secured Unsecured related reduction in requirements › Slight uptick in funding volumes in 2021 due to Issued Planned planned new business › Focus on unsecured funding at BayernLB level 8.2 8.6 using diversified sources of funding, especially via the savings banks, institutional investors, 3.5 6.1 4.2 retail and the international DIP scheme 4.5 0.0 2.3 › Maintain capital market presence by regularly issuing benchmark bonds 5.1 4.0 4.5 3.8 › Liquidity coverage ratio (LCR): 266% as at June 2021 2018 2019 2020 2021e › Net Stable Funding Ratio (NSFR): 137 % as at June 2021

32 Investor-friendly structure on the liabilities side

Liabilities structure Funding via Pfandbriefs EUR bn/Jun 2021 › BayernLB uses a total of four funding Liabilties to banks Other liabilities programmes based on the German Pfandbrief Liabilities to customers Subordinated capital Act (PfandBG) as a low-cost, long-term source of Securitised liabilities Equity funding, two each at BayernLB and DKB AG

282.4 30.6 28.5 12.0 2.2 Broad base of unsecured liabilities 46.0 11.5 › BayernLB has an investor-friendly structure on the liabilities side with sufficient unsecured bonds 118.2 in relation to total assets. The Bank actively monitors and plans the proportion of unsecured 5.5 bonds in accordance with Moody’s Loss Given 92.5 Failure-Analysis

balance Of which Of which Of which sheet total Pfandbriefs unsecured structured debt debt instruments instruments under Section under Section 46 f KWG 46 f KWG 33 BayernLB Pfandbriefs

Mortgage Pfandbriefs Public Pfandbriefs Cover mainly includes commercial real estate, The majority of the cover (>90%) consists of German primarily residential, office and retail with a focus on municipal finance and receivables guaranteed by Germany. The high overcollateralization provides German states with a focus on Bavaria. Tap issues freedom to launch issues across all maturity bands. and jumbolinos are issued on a regular basis to maintain a liquid Pfandbrief curve.

Key figures for Q2 2021 Key figures for Q2 2021 Outstanding volume EUR 6.4 bn Outstanding volume EUR 19.0 bn Moody’s rating Aaa Moody’s/Fitch rating Aaa/AAA Excess cover 74.6% Excess cover 19.1% Cover pool Germany EUR 6.5 bn Cover pool Germany EUR 20.8 bn Cover pool abroad EUR 4.3 bn Cover pool abroad EUR 1.4 bn

34 Ratings

35 Ratings

Fitch Ratings Moody's Issuer rating A- (stable) Aa3 (stable)

Long-term, preferred senior unsecured A Aa3 (stable)

Long-term, non-preferred senior unsecured A- A2

Short term, unsecured F1 P-1

Public Pfandbriefs AAA Aaa

Mortgage Pfandbriefs - Aaa

Long-term, Derivative Counterparty / Counterparty Risk Assessment (CRA) A (dcr) Aa3 (cr)

Long-term, Counterparty Risk Rating (CRR) - Aa3

Short-term, Counterparty Risk Assessment (CRA) / Counterparty Risk Rating (CRR) - P-1 (cr) / P-1

Long-term, deposits A Aa3 (stable)

Short-term, deposits F1 P-1

Profit participation rights - Baa3

Subordinated bonds BB+ Baa2

Viability Rating / Baseline Credit Assessment bbb baa2

36 BayernLB shows above average ESG ratings

ISS ESG VigeoEiris Sustainalytics MSCI

Rating C+ 54 24,9 A

Ranking / Investment „Prime“ 14 of 97 95 of 417 Industry Average Status

Industry Average D - - A

Rating Scale A+ to D- 100 to 0 0 to 100 AAA to CCC (best to worst)

Universe: MSCI 276 „Public & Regional 97 „Retail & Specialized 417 „Diversified ACWI Index Benchmark Banks “ Banks“ Banks“ constituents, Banks, n=192

Date 12 / 2020 04 / 2021 07 / 2021 05 / 2021

37 Detailed charts

38 Year-on-year earnings comparison

EUR m H1 2021 H1 2020 Change in %

Net interest income 1,006 873 15.1 Risk provisions in the credit business 44 (75) – Net interest income after risk provisions 1,050 799 31.5 Net commission income 189 154 22.8 Gains or losses on fair value measurement 145 51 >100.0 Gains or losses on hedge accounting (3) (9) (65.8) Gains or losses on derecognised financial assets 5 (1) – Gains or losses on financial investments 7 31 (77.1) Administrative expenses (754) (764) (1.3) Expenses for the bank levy and deposit guarantee scheme (170) (142) 20.0 Other income and expenses 14 38 (64.1) Gains or losses on restructuring 1 0 >100.0 Profit/loss before taxes 485 158 >100.0 Income taxes (235) (56) >100.0 Profit/loss after taxes 249 101 >100.0 Profit/loss attributable to non-controlling interests (2) – – Consolidated profit/loss 248 101 >100.0

39 Quarterly earnings comparison

EUR m Q2 2021 Q1 2021

Net interest income 530 476 Risk provisions in the credit business 13 32 Net interest income after risk provisions 543 508 Net commission income 95 94 Gains or losses on fair value measurement 60 85 Gains or losses on hedge accounting (9) 6 Gains or losses on derecognised financial assets 2 3 Gains or losses on financial investments 1 6 Administrative expenses (361) (394) Expenses for the bank levy and deposit guarantee scheme (26) (144) Other income and expenses 14 0 Gains or losses on restructuring 3 (1) Profit/loss before taxes 321 164 Income taxes (184) (51) Profit/loss after taxes 137 112 Profit/loss attributable to non-controlling interests (2) – Consolidated profit/loss 136 112

40 Segment overview

Real Estate & Savings Corporates & Central Areas EUR m Banks/ DKB Group Markets & Others Financial Institutions Net interest income 173 163 566 104 1,006 Risk provisions in the credit business 3 (1) 33 9 44 Net interest income after risk provisions 176 162 599 113 1,050 Net commission income 135 43 25 (14) 189 Gains or losses on fair value measurement 37 35 28 45 145 Gains or losses on hedge accounting 0 0 3 (6) (3) Gains or losses on derecognised fin. assets 0 1 4 0 5 Gains or losses on financial investments 0 0 7 0 7 Administrative expenses (200) (144) (342) (69) (754) Expenses for the bank levy and 0 0 (54) (116) (170) deposit guarantee scheme Other income and expenses 6 0 2 5 14 Gains or losses on restructuring 1 0 0 1 1 Profit/loss before taxes 155 97 273 (41) 485 Return on equity (RoE) (%) 18.5 5.9 16.1 – 9.5 Cost/income ratio (CIR) (%) 57 60 54 – 55

41 Segment overview H1 2020

Real Estate & Savings Corporates & Central Areas EUR m Banks/ DKB Group Markets & Others Financial Institutions Net interest income 160 148 476 89 873 Risk provisions in the credit business (10) (65) 2 (1) (75) Net interest income after risk provisions 151 82 478 88 799 Net commission income 118 40 9 (13) 154 Gains or losses on fair value measurement 42 38 (12) (18) 51 Gains or losses on hedge accounting 0 1 (5) (6) (9) Gains or losses on derecognised fin. assets 0 1 (2) 0 (1) Gains or losses on financial investments 1 0 13 18 31 Administrative expenses (199) (167) (332) (67) (764) Expenses for the bank levy and 0 0 (37) (104) (142) deposit guarantee scheme Other income and expenses 4 0 3 32 38 Gains or losses on restructuring 0 0 0 0 0 Profit/loss before taxes 117 (5) 115 (70) 158 Return on equity (RoE) (%) 13.7 (0.3) 6.6 – 3.2 Cost/income ratio (CIR) (%) 61 73 69 – 67

42 Balance sheet overview

EUR bn Jun 2021 Dec 2020 Change in %

Loans and advances to banks 59.1 56.2 5.1 Loans and advances to customers 154.7 152.4 1.5 Assets held for trading 9.5 12.1 (21.4) Financial investments 20.4 21.9 (6.7) Total assets 282.4 256.3 10.2 Liabilities to banks 92.5 76.0 21.7 Liabilities to customers 118.2 109.8 7.7 Securitised liabilities 46.0 43.0 6.8 Liabilities held for trading 8.0 9.4 (15.1) Subordinated capital 2.2 1.7 31.8 Equity 12.0 11.6 3.3

43 Key capital figures

Jun 2021 Dec 2020 CET1 capital (EUR bn) 10.1 10.3 CET1 ratio (%) 15.6 15.9 Total capital (EUR bn) 12.2 11.8 Total capital ratio (%) 18.8 18.2 RWAs (EUR bn) 65.1 65.0 Leverage ratio (%) 4.4 4.3

Data as reported.

44 Contact

Volker Karioth Senior Manager [email protected] +49 89 2171 23441

45 Disclaimer

This publication constitutes a non-binding statement on the market situation and the investment instruments cited herein, and applies to the time of release October 2021. This research is, to the best of our knowledge, based partly on generally accessible sources which are, to the best of our knowledge, reliable and accurate. However, no liability can be accepted for any errors or inaccuracies in information derived from these sources. The information used for this publication has not been checked for accuracy, completeness or topicality. Consequently, no guarantee can be made for the completeness and accuracy of this report. This publication constitutes marketing communication and is for information only. It is not intended as a substitute for individual professional advice on investments and assets. For further information and updates, please feel free to contact us.

46 47 Rating & Investor Relations Factbook