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:

	Nine months ended		Year Ended		Nine months ended		Year Ended
in€ millions, except ratios	Sep 30, 2008		Dec 31, 2007		Sep 30, 2007		Dec 31, 2006
Earnings:
1. Income (loss) before income tax expense		481		8,749		7,312		8,339
2. Add: Fixed charges excluding capitalized interest (line 10)		35,309		56,062		42,509		51,452
3. Less: Net income (loss) from equity method investments		200		353		276		419
4. Earnings including interest on deposits		35,590		64,458		49,545		59,372
5. Less: Interest on deposits		10,674		17,371		13,430		14,025
6. Earnings excluding interest on deposits		24,916		47,087		36,115		45,347
Fixed Charges:
7. Interest Expense		35,132		55,826		42,370		51,267
8. Estimated interest component of net rental expense		177		236		139		185
9. Amortization of debt issuance expense		—		—		—		—
10. Total fixed charges including interest on deposits and excluding capitalized interest		35,309		56,062		42,509		51,452
11. Add: Capitalized interest		—		—		—		—
12. Total fixed charges		35,309		56,062		42,509		51,452
13. Less: Interest on deposits (Line 5)		10,674		17,371		13,430		14,025
14. Fixed charges excluding interest on deposits		24,635		38,691		29,079		37,427
Consolidated Ratios of Earnings to Fixed Charges:
Including interest on deposits (Line 4/Line 12)		1.01		1.15		1.17		1.15
Excluding interest on deposits (Line 6/Line 14)		1.01		1.22		1.24		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.