entire - Deutsche Bank Annual Report 2012

Deutsche Bank 01 – Management Report 18
Financial Report 2010 Operating and Financial Review
Group Divisions
Corporate & Investment Bank Group Division
The following table sets forth the results of our Corporate & Investment Bank Group Division (CIB) for the years
ended December 31, 2010 and 2009, in accordance with our management reporting systems.
in € m.
(unless stated otherwise) 2010 2009
Net revenues:
Sales & Trading (equity) 3,108 2,650
Sales & Trading (debt and other products) 9,740 9,557
Origination (equity) 706 663
Origination (debt) 1,199 1,127
Advisory 573 402
Loan products 1,736 1,949
Transaction services 3,223 2,609
Other products 644 (151)
Total net revenues 20,929 18,807
therein:
Net interest income and net gains (losses) on financial assets/liabilities
at fair value through profit or loss 14,081 13,969
Provision for credit losses 488 1,816
Total noninterest expenses 14,422 12,679
therein:
Policyholder benefits and claims 486 541
Impairment of intangible assets 29 5
Restructuring activities – –
Noncontrolling interests 20 (2)
Income (loss) before income taxes 5,999 4,314
Cost/income ratio 69 % 67 %
Assets 1,519,983 1,343,824
Average active equity 1 18,644 19,041
Pre-tax return on average active equity 32 % 23 %
1 See Note 05 “Business Segments and Related Information” to the consolidated financial statements for a description of how average active equity is allocated to the
divisions.
The following paragraphs discuss the contribution of the individual corporate divisions to the overall results of
the Corporate & Investment Bank Group Division.