Exhibit 99.1

¹ Total noninterest expenses as a percentage of net interest income before provision for credit losses, plus noninterest income.

² Compensation and benefits as a percentage of total net interest income before provision for credit losses, plus noninterest income.

³ Noncompensation noninterest expenses, which is defined as total noninterest expenses less compensation and benefits, as a percentage of total net interest income before provision for credit losses, plus noninterest income.

Due to rounding, numbers presented throughout this document may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures.

¹ Sources: Deutsche Bank Research Forecasts.

² Only forecasts on annual basis available.

³ Quarterly growth rates in % year over year.

⁴ Including China, India, Indonesia, Republic of Korea, and Taiwan.

Banking Industry

Following the most recent minor slowdown, momentum in the Eurozone’s private sector lending business picked up again slightly in the second quarter of 2018. However, growth rates remained modest overall at approximately 1 % year over year for companies and 2.5 % for households, falling behind the nominal macroeconomic growth rate. On the funding side, the pace of deposit expansion also increased slightly to approximately 3.5 % for households and 5.5 % for companies.

In Germany, most recent lending trends remained broadly unchanged, with year over year growth in mortgages of approximately 4.5 % and 5 % in corporate lending partly with only consumer loan growth slowing. Retail and corporate deposit growth of 4 % and 6 % respectively accelerated versus the levels seen in the first quarter of 2018.

In the U.S., corporate lending grew by more than 5 % year over year in the second quarter of 2018 despite further interest rate increases. Lending to private households rose by a steady 4 %. Growth in private mortgage business slowed slightly, while consumer lending volumes increased by 7 % as compared to June last year. Overall, deposits increased again by approximately 4 %.

The fast pace of private-sector lending growth in China slowed modestly to 13 % year over year, and retail lending grew at roughly twice the rate of corporate lending. Consistent with prior periods, deposits growth of 8.5 % lagged loan growth. As the loan to deposits ratio is fast approaching 100 %, it is likely that Chinese banks will increasingly need to secure funding via the capital markets. In Japan, lending and deposit growth rates remained virtually unchanged in the second quarter as compared to the prior quarter, at 2 % and just under 4 %, respectively.

In the first half of 2018, the global investment banking sector saw a year over year decline in bond issuance while equity origination and mergers and acquisitions volumes were broadly unchanged. Volumes in Equities trading were down slightly year over year in the second quarter of 2018, withe bond and derivatives trading were up moderately.

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Deutsche Bank Performance

Management sees the resilience of the Group, franchise and its execution capabilities in its financial results in the second quarter of 2018. The Bank executed on several of its key strategic objectives in the quarter in Private & Commercial Banking and Asset Management, including the successful merger of Postbank and Deutsche Bank’s German Private & Commercial Clients business in Germany into DB Privat- und Firmenkundenbank AG, creating Germany’s biggest Private and Commercial Bank with more than 20 million clients, of which more than 10 million are digital. The bank made substantial progress in reshaping its Corporate & Investment Bank by optimizing capital and resource allocation including leverage reductions in Equities and U.S. Rates. Management believes that the bank is on track to meet our near-term adjusted costs and headcount reduction targets. Conservative balance sheet management will provide a solid platform to continue reshaping the franchise and focus on growth.

The table below shows the Financial Key Performance Indicators (KPIs) of the Group for the first six months:

¹ Based on Net Income attributable to Deutsche Bank shareholders and additional equity components. Calculation is based on an effective tax rate of 54 % six months ended June 30, 2018 and 39 % for prior year’s comparative period. For further information, please refer to “Other Information: Non-GAAP Financial Measures” of this Interim Report.

² Adjusted Costs are noninterest expenses excluding impairment of goodwill and other intangible assets, litigation and restructuring and severance. For further information, please refer to “Other Information: Non-GAAP Financial Measures” of this Interim Report.

³ Internal full-time equivalents..

⁴ The CRR/CRD 4 fully loaded Common Equity Tier 1 ratio represents our calculation of our Common Equity Tier 1 ratio without taking into account the transitional provisions of CRR/CRD 4. Further detail on the calculation of this ratio is provided in the Risk Report.

⁵ Further detail on the calculation of this ratio is provided in the Risk Report.

N/M – Not meaningful

2018 to 2017 Three Months Comparison

Group net income of €  401 million in the second quarter of 2018 declined by €  64 million from the prior year period principally driven by higher noninterest expenses from restructuring activities as we executed on our strategic objectives. Diluted Earnings per share were €  0.03 in the quarter, and included the annual payment of €  292 million (equivalent to €  0.14 per diluted share) of post-tax coupons on Additional Tier 1 securities in the quarter.

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Group net revenues in the second quarter of 2018 decreased by €  25 million, to €  6.6 billion. Corporate & Investment Bank (CIB) revenues were broadly flat compared to the prior year, as lower revenues in Sales and Trading (S&T) are mostly offset by higher revenues in Global Transaction Banking (GTB) and Origination and Advisory as well as by positive impacts of Debit Valuation adjustment (DVA) on certain derivative liabilities. Net revenues in Private & Commercial Bank (PCB) were broadly flat versus the prior year period. The absence of negative impacts from a termination of a legacy Trust Preferred Security recorded in the prior year period was offset by lower gains from legacy positions in Sal. Oppenheim and impacts from the ongoing compression of deposit margins given the ongoing negative interest rate environment. Net revenues in Asset Management (AM) decreased reflecting one Alternatives fund that recognizes fees every other year as well as lower management fees driven by net outflows in Active and Alternatives, margin compression and absence of revenues from businesses exited in 2017. Negative revenues in Corporate & Other (C&O) improved, primarily from the absence of prior year’s realization of currency translation adjustment and loss on sale from disposal of non-strategic subsidiaries in Argentina and Uruguay, partly offset by higher negative revenues from cross currency basis.

Provision for credit losses were €  95 million in the second quarter of 2018, an increase of €  16 million, or 21 %, compared to the same period in 2017. The increase was driven by PCB mainly due to the absence of the release of provisions related to a single credit exposure in Postbank in the second quarter of 2017, partly offset by higher releases in CIB reflecting the favorable credit environment.

Noninterest expenses were €  5.8 billion in the second quarter of 2018, an increase of €  69 million, or 1 %, compared to the second quarter of 2017. Compensation and benefits of €  3.0 billion increased by €  129 million, or 4 %. Positive effects from the reduction in headcount were offset by higher costs for the amortization of prior years’ deferred variable compensation and a more even distribution of current year variable compensation accruals. General and administrative expenses were €  2.6 billion, a decrease of €  172 million, or 6 %, primarily from management actions on vendor spend resulting in lower costs for professional service fees, decreased IT costs and lower cost for communication and data services. Restructuring expenses in the second quarter of 2018 were €  182 million, an increase of €  118 million compared to the second quarter of 2017, primarily reflecting ongoing efforts to reshape the CIB business.

Income before income taxes was €  711 million in the second quarter of 2018, a decrease of €  111 million, or 13 %, as compared to the second quarter of 2017. This decrease was mainly attributable to higher compensation and benefits and restructuring costs.

Income tax expense in the current quarter was €  310 million versus €  357 million in the second quarter of 2017. The effective tax rate of 44 % was mainly impacted by non-tax deductible expenses. The prior year quarter’s effective tax rate was 43 %.

Post-tax return on average tangible shareholders’ equity was 2.7 % in the second quarter of 2018, compared to 3.2 % in the second quarter of 2017.

2018 to 2017 Six Months Comparison

Net income in the first six months of 2018 was €  521 million, compared to €  1.0 billion in the first six months of 2017, principally reflecting a decline in revenues and higher restructuring activities. Diluted Earnings per share were €  0.09 in the first half of 2018, and included the annual payment of €  292 million (equivalent to €  0.14 per diluted share) of post-tax coupons on Additional Tier 1 securities.

Group net revenues in the first six months of 2018 decreased by €  395 million, or 3 %, to €  13.6 billion. Net revenues in CIB were primarily impacted by lower volumes across businesses, unfavorable foreign exchange rate movements, client perimeter reduction in 2017 and a change in funding costs allocation methodology. The decline was partly offset by gains on sale and the positive impact of DVA on certain derivative liabilities compared to losses on DVA in the prior year period. Net revenues in PCB were impacted by the low interest rate environment, lower impact from workout activities of legacy positions in Sal. Oppenheim, a loss related to the agreement to sell the retail business in Portugal and a transaction-related valuation impact in the context of the agreement on the partial sale of the Polish retail business. The decline was largely offset by higher loan revenues, a gain on the sale of a Postbank property and the absence of negative impacts from last year’s termination of legacy Trust Preferred Securities. Revenues in AM decreased primarily due to the absence of revenues from businesses exited during 2017, negative flows, lower performance fees resulting from the absence of bi-annual fees in 2017, lower management fees due to unfavorable foreign exchange rate movements and margin compression. Negative revenues in Corporate & Other (C&O) decreased, primarily driven by valuation and timing differences and the absence of prior year’s currency translation adjustment realization and loss on sale from the disposal of non-strategic subsidiaries in Argentina and Uruguay.

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Provision for credit losses were €  183 million in the first six months of 2018, a decrease of €  29 million, or 14 %, compared to the same period in 2017. The decrease was driven by CIB primarily due to the favorable development in the Shipping sector, partly offset by an increase in PCB due to the absence of the release of provisions related to a single credit exposure in Postbank in 2017.

Noninterest expenses were €  12.2 billion in the first six months of 2018, an increase of €  192 million, or 2 %, as compared to the first six months of 2017. Compensation and benefits amounted to €  6.1 billion, down by €  16 million. Higher expense for variable compensation was primarily offset by the impact from headcount reductions and favorable foreign exchange movements. General and administrative expenses were €  6.0 billion, an increase of €  83 million, or 1 %, compared to the first six months of 2017, mainly due to higher bank levy charges, increased litigation related expenses and IT costs, partly offset by management actions on vendor spend resulting in lower professional service fees and reduced costs for communication and data services. Restructuring expenses were €  181 million, an increase of €  131 million, reflecting mainly measures to reshape the CIB business.

Income before income taxes was €  1.1 billion in the first six months of 2018, a decrease of €  557, million or 33 %, as compared to the first six months of 2017. The decline is primarily attributable to lower revenues and higher noninterest expenses including restructuring costs.

Income tax expense in the first six months of 2018 was €  622 million versus €  660 million in the first six months of 2017. The effective tax rate of 54 % was mainly impacted by non-tax deductible expenses and tax effects related to share based payments. In the first six months of 2017 the effective tax rate was 39 %.

Post-tax return on average tangible shareholders’ equity was 1.8 % in the first half of 2018, compared to 3.8 % in the first half of 2017.

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N/M – Not meaningful

¹  The post-tax return on average tangible shareholders’ equity and average shareholders’ equity at the Group level reflects the reported effective tax rate for the Group, which was 44 %. For the post-tax return on average tangible shareholders’ equity and average shareholders’ equity of the segments, the applied tax rate was 28 %.

N/M – Not meaningful

¹  The post-tax return on average tangible shareholders’ equity and average shareholders’ equity at the Group level reflects the reported effective tax rate for the Group, which was 43 %. For the post-tax return on average tangible shareholders’ equity and average shareholders’ equity of the segments, the applied tax rate was 33 %.

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