1

          Exhibit 99.1

Key updates communicated during Q3 2026

September 30, 2026

2

Key updates communicated during Q3 2026

Provision for credit losses (CLPs):

-As stated by Raja Akram at the Bank of America Financials Conference, the underlying

quality of the loan book remains sound, with Deutsche Bank not seeing any elevated

stress despite the economic environment; Q3 2026 CLPs are expected to be between

Q1 2026 and Q2 2026 levels, given the continued CRE portfolio de-risking and an

idiosyncratic charge related to a single-name exposure in the Corporate Bank in Asia

-As indicated at the Q2 2026 results, the bank will continue to evaluate limited and

targeted portfolio actions where these are capital-accretive and support further de-

risking of the portfolio

Revenues:

-At the Bank of America Financials Conference, Raja Akram provided insights into

revenue dynamics across the Group, including a statement on Q3 2026 revenue

performance in the Investment Bank:

-Private Bank revenues are expected to show continued momentum, supported by

strong deposit inflows, ongoing asset gathering, and continued uptake of

investment products

-Asset Management revenues are expected to benefit from continued strong

inflows, with management expressing confidence in the business segment’s Q3

2026 performance

-Corporate Bank revenues are expected to continue their positive trajectory in H2

2026, with the business segment expected to exit the year with a mid- to high-

single-digit revenue growth rate

-In the Investment Bank, Investment Banking & Capital Markets (IBCM) revenues

are expected to be broadly flat YoY, with strong activity in M&A, ECM, and DCM

offset by LDCM timing effects; Fixed Income & Currencies (FIC) revenues are

expected to be flat or slightly down versus the record Q3 2025, with most

products expected to be up excluding the Credit Trading business given its strong

performance in Q3 2025; overall, Investment Bank revenues are expected to be

flat to slightly down YoY in Q3 2026

-At the Q2 2026 results, management reiterated confidence in FY 2026 Group

revenues reaching around € 33bn; Corporate Bank revenues are expected to

increase sequentially in Q3 and Q4 2026, while IBCM revenues are expected to be

stronger in H2 than in H1 2026; for NII across the key banking book segments and

other funding, the bank expects NII to slightly exceed the previously indicated

level of around € 14bn, with the benefits from recent rate decisions expected to

become more pronounced starting in FY 2027 and increase further in FY 2028 and

beyond, reflecting the benefits from the structural hedging approach

3

Costs:

-At the Bank of America Financials Conference, Raja Akram reiterated Deutsche Bank’s

FY 2026 expense expectation and described it as an investment year, with

investments expected to continue through the cycle and be offset by operating

efficiencies

-At the Q2 2026 results, Christian Sewing confirmed the unchanged FY 2026

noninterest expense expectation of slightly above € 21bn, or around € 21.3bn,

reflecting continued investments in technology, Wealth Management, and IBCM, while

reiterating that management retains flexibility to adjust the pace of investments if the

environment changes; at the Bank of America Financials Conference, Raja Akram

added that the bank, as planned, is also investing in corporate client coverage in the

Corporate Bank in order to further increase market share in Germany

Profitability:

-At the Q2 2026 results, Raja Akram stated that H1 2026 profitability lays a solid

foundation for strong operating performance in 2026

-Christian Sewing reiterated confidence in delivering a RoTE above 13% in FY 2028

and highlighted potential upside from German reforms, AI-driven productivity gains,

the Savings and Investments Union, and a more growth-supportive regulatory

environment, while emphasizing that it remains too early to update the target; at the

Bank of America Financials Conference, management indicated increased confidence

in the upside potential versus the target for FY 2028

-Raja Akram stated at the conference that once the bank has delivered FY 2026 in line

with plans, it may provide an update on FY 2028 targets

Capital and capital distribution:

-At the Bank of America Financials Conference, Raja Akram reaffirmed Deutsche

Bank’s 13.5–14.0% near-term CET1 operating range, noting that the bank is

comfortable operating within this range and that excess capital distributions would

become a priority once it is sustainably above 14%; at the Q2 2026 results, Raja

Akram stated that this was likely to be beyond 2026 and reiterated that further

actions were lined up to support capital optimization

-Following the completion of Deutsche Bank’s € 1.0bn share buyback program at a

volume-weighted average price of € 28.00 per share, a new € 500m program was

announced and completed on September 28, 2026, at a volume-weighted average

price of € 33.19 per share

4

Issuance and credit ratings:

-At the Q2 2026 Fixed Income Investor Call, Richard Stewart stated that the 2026

issuance plan is well advanced compared to the FY 2026 target of € 10-15bn, with

the remaining issuances expected primarily in senior instruments; highlights during Q3

2026 included the issuance of USD 2.5bn Senior Preferred instruments on September

14, 2026, and EUR 1.25bn AT1 notes on September 21, 2026, and the inaugural CHF

150m Tier 2 instrument on August 26, 2026; on the same day as the AT1 issuance, the

bank also called a EUR 1.25bn AT1 instrument; YTD issuance of funding instruments

totaled approximately € 13bn

Next significant events:

-October 28, 2026 – Q3 2026 results – Analyst Conference Call

-October 29, 2026 – Q3 2026 results – Fixed Income Call

Disclaimer:

This presentation contains forward-looking statements. Forward-looking statements

are statements that are not historical facts; they include statements about Deutsche

Bank’s beliefs and expectations and the assumptions underlying them. These

statements are based on plans, estimates and projections as they are currently

available to the management of Deutsche Bank. Forward-looking statements therefore

speak only as of the date they are made, and the bank undertakes no obligation to

update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A

number of important factors could therefore cause actual results to differ materially

from those contained in any forward-looking statement. Such factors include the

conditions in the financial markets in Germany, in Europe, in the United States and

elsewhere from which the bank derives a substantial portion of its revenues and in

which it holds a substantial portion of its assets, the development of asset prices and

market volatility, potential defaults of borrowers or trading counterparties, the

implementation of its strategic initiatives, the reliability of its risk management policies,

procedures and methods, and other risks referenced in the bank’s filings with the U.S.

Securities and Exchange Commission. Such factors are described in detail in Deutsche

Bank’s SEC Form 20-F of March 12, 2026, under the heading “Risk Factors.” Copies of

this document are readily available upon request or can be downloaded from investor-

relations.db.com.