entire - Deutsche Bank Annual Report 2012

The uncertainty of our times reminds us that we need to be more
vigilant and more sensitive to changes while consistently making
good use of our opportunities. To benefi t everyone: our shareholders,
our clients, our employees and society. We need to be fi nancially
successful to be a valuable long-term partner for our four key groups
of stakeholders. And that is what we intend to be, not only in times
like these, but also in the future.
Deutsche Bank took several major steps forward in 2010. We are now
in a signifi cantly stronger position than before the crisis and on
track to achieve the targets we have set ourselves for earnings and
growth. We have invested in these objectives and are working on
them with a passion.
Delivering in the face of uncertainty