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Exhibit 99.2

CAPITALIZATION & INDEBTEDNESS

 

 

THE FOLLOWING TABLE SETS FORTH OUR UNAUDITED CONSOLIDATED CAPITALIZATION IN ACCORDANCE WITH IFRS AS ISSUED BY THE IASB

 

 

 

September 30, 2025

 

(in € m.)

Debt (1) :

 

Long-term debt

113,773

Trust preferred securities

284

Long-term debt at fair value through profit or loss

26,499

Total debt

140,555

 

 

Shareholders' equity:

 

Common shares (no par value)

4,988

Additional paid-in capital

38,961

Retained earnings

29,075

Common shares in treasury, at cost

(942)

Equity classified as obligation to purchase common shares

0

Accumulated other comprehensive income, net of tax

 

Unrealized net gains (losses) on financial assets at fair value through other comprehensive income, net of tax and other

(962)

Unrealized net gains (losses) on derivatives hedging variability of cash flows, net of tax

117

Unrealized net gains (losses) on assets classified as held for sale, net of tax

0

Unrealized net gains (losses) attributable to change in own credit risk of financial liabilities designated at fair value through profit and loss , net of tax

(222)

Foreign currency translation, net of tax

(3,112)

Unrealized net gains from equity method investments

20

Total shareholders' equity

67,923

Equity component of financial instruments

11,857

Noncontrolling interest

1,500

Total equity

81,279

Total capitalization

221,835

_________________

 

€ 44,496 million (32%) of our debt was secured as of September 30, 2025.