Deutsche Bank (DB) 6-K Current report (foreign)

Exhibit 99.3

The following table sets forth Deutsche Bank AG’s ratio of earnings to fixed charges for the periods:

	Six months ended		Year Ended		Year Ended
in€ millions, except ratios	Jun 30, 2008		Dec 31, 2007		Dec 31, 2006
Earnings:
1. Income (loss) before income tax expense		388		8,749		8,339
2. Add: Fixed charges excluding capitalized interest (line 10)		24,849		56,062		51,452
3. Less: Net income (loss) from equity method investments		151		353		419
4. Earnings including interest on deposits		25,086		64,458		59,372
5. Less: Interest on deposits		7,540		17,371		14,025
6. Earnings excluding interest on deposits		17,546		47,087		45,347
Fixed Charges:
7. Interest Expense		24,731		55,826		51,267
8. Estimated interest component of net rental expense		118		236		185
9. Amortization of debt issuance expense		—		—		—
10. Total fixed charges including interest on deposits and excluding capitalized interest		24,849		56,062		51,452
11. Add: Capitalized interest		—		—		—
12. Total fixed charges		24,849		56,062		51,452
13. Less: Interest on deposits (Line 5)		7,540		17,371		14,025
14. Fixed charges excluding interest on deposits		17,309		38,692		37,427
Consolidated Ratios of Earnings to Fixed Charges:
Including interest on deposits (Line 4/Line 12)		1.01		1.15		1.15
Excluding interest on deposits (Line 6/Line 14)		1.01		1.22		1.21

For purposes of calculating the ratio of earnings to fixed charges, earnings consist of income (loss) before income tax expense, less net income (loss) from equity method investments plus fixed charges. Fixed charges for these purposes consist of interest expense and a portion of rentals, reflecting one-third of net rental expense, deemed representative of the interest component of the rental expense. These ratios are presented both including and excluding interest on deposits.