SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Additional Notes F-160
Annual Report 2010 on Form 20-F 36 – Regulatory Capital
The Group’s total capital ratio was 14.1 % on December 31, 2010, compared to 13.9 % as of December 31, 2009,
both significantly higher than the 8 % minimum ratio required.
The Group’s Core Tier 1 capital amounted to € 30.0 billion on December 31, 2010 and € 23.8 billion on
December 31, 2009 with an unchanged Core Tier 1 capital ratio of 8.7 %. The Group’s Tier 1 capital was
€ 42.6 billion on December 31, 2010 and € 34.4 billion on December 31, 2009. The Tier 1 capital ratio was
12.3 % as of December 31, 2010 and 12.6 % as of December 31, 2009, both exceeding the Group’s target
ratio of 10 %.
The Group’s Tier 2 capital was € 6.1 billion on December 31, 2010, and € 3.5 billion on December 31, 2009,
amounting to 14 % and 10 % of Tier 1 capital, respectively.
The German Banking Act and Solvency Regulation rules required the Group to cover its market risk as of
December 31, 2010, with € 1,893 million of total regulatory capital (Tier 1 + 2 + 3) compared to € 1,990 million
as of December 31, 2009. The Group met this requirement entirely with Tier 1 and Tier 2 capital that was not
required for the minimum coverage of credit and operational risk.
The following table presents the components of Core Tier 1, Tier 1 and Tier 2 capital for the Group of companies
consolidated for regulatory purposes as of December 31, 2010, and December 31, 2009, excluding transitional
items pursuant to section 64h (3) German Banking Act.
in € m. Dec 31, 2010 Dec 31, 2009
Tier 1 capital:
Core Tier 1 capital
Common shares 2,380 1,589
Additional paid-in capital 23,515 14,830
Retained earnings, common shares in treasury, equity classified as obligation to purchase common
shares, foreign currency translation, noncontrolling interests 24,797 21,807
Items to be fully deducted from Tier 1 capital pursuant to Section 10 (2a) KWG (inter alia goodwill and
intangible assets) (14,489) (10,238)
Items to be partly deducted from Tier 1 capital pursuant to Section 10 (6) and (6a) KWG
Deductible investments in banking, financial and insurance entities (954) (2,120)
Securitization positions not included in risk-weighted assets (4,850) (1,033)
Excess of expected losses over risk provisions (427) (1,045)
Items to be partly deducted from Tier 1 capital pursuant to Section 10 (6) and (6a) KWG (6,231) (4,198)
Core Tier 1 capital 29,972 23,790
Additional Tier 1 capital
Noncumulative trust preferred securities 1 12,593 10,616
Additional Tier 1 capital 12,593 10,616
Total Tier 1 capital pursuant to Section 10 (2a) KWG 42,565 34,406
Tier 2 capital:
Unrealized gains on listed securities (45 % eligible) 224 331
Profit participation rights 1,151 –
Cumulative preferred securities 299 294
Qualified subordinated liabilities 10,680 7,096
Items to be partly deducted from Tier 2 capital pursuant to Section 10 (6) and (6a) KWG (6,231) (4,198)
Total Tier 2 capital pursuant to Section 10 (2b) KWG 6,123 3,523
1 Included € 20 million silent participations as of December 31, 2010.