INDEX / DIRECTORY / DEUTSCHE BANK / MILITARY

Deutsche Bank MILITARY

MILITARY AUDIT UPDATED 2026-09-22
Military Score 0.00 /10 B Deutsche Bank - BDS-1000 754
Military 0.00

Evidence-only forensic audit. Scoring happens downstream - see the main dossier for the composite assessment.

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Direct Defence Contracting & Procurement

Deutsche Bank AG is the parent company of Deutsche Bank Group, with its registered and principal office in Frankfurt am Main, Germany 1, 2.

The reviewed materials identify Deutsche Bank Capital Markets and Investments Ltd. as the Group’s local entity in Tel Aviv, Israel 3.

A Deutsche Bank recruitment notice describes the Israeli operation as a primary dealer in Israeli nominal and inflation-linked bonds serving institutional and corporate clients, but does not identify defence, security-force, or military customers 4.

No public evidence identified.

Dual-Use Products & Tactical Variants

The Group’s disclosed business materials reviewed for this audit describe a banking group and do not identify Deutsche Bank AG or its significant subsidiaries as manufacturers or exporters of dual-use goods, tactical equipment, software, or military hardware 1, 2.

The local Israeli materials reviewed identify capital-markets activity and client coverage rather than a product portfolio involving tactical or dual-use products 3, 4.

Heavy Machinery, Construction & Infrastructure

The reviewed corporate filings identify Deutsche Bank AG as the holding company of Deutsche Bank Group and list material financial-services subsidiaries, including Deutsche Bank Securities Inc., Deutsche Bank Trust Company Americas, Deutsche Bank Luxembourg S.A., and DWS Group GmbH & Co. KGaA 1.

The reviewed sources do not identify the Group as a producer, supplier, lessor, or operator of heavy machinery, construction equipment, military infrastructure, or related engineering services 1, 2.

Supply Chain Integration with Defence Primes

The available filings establish that the Group includes Deutsche Bank AG and its consolidated subsidiaries for the relevant reporting perimeter 1.

The Group’s regulatory disclosures state that separately incorporated entities are generally regulated in their respective jurisdictions of incorporation 5.

No reviewed source identifies Deutsche Bank AG, its listed significant subsidiaries, or the identified Israeli entity as a supplier to a defence prime contractor or as part of a defence-prime supply chain 1, 3, 5.

Logistical Sustainment & Base Services

The reviewed materials do not identify Deutsche Bank as providing transport, warehousing, maintenance, catering, facilities management, base operations, or other logistical sustainment services for military customers 1, 2, 4.

The Israeli recruitment notice describes a client base comprising pension funds, asset managers, insurers, hedge funds, and large corporate accounts, without naming military or base-services customers 4.

Munitions, Weapons Systems & Strategic Platforms

The reviewed corporate and entity sources do not identify Deutsche Bank AG or its listed significant subsidiaries as manufacturers, integrators, exporters, financiers of record, or sustainment providers for munitions, weapons systems, or strategic platforms 1, 2.

The identified Israeli entity is presented on Deutsche Bank’s country-contact page as Deutsche Bank Capital Markets and Investments Ltd., rather than as a defence-production or weapons-platform entity 3.

Export Licensing, Regulatory & Legal History

Deutsche Bank’s regulatory-disclosure page states that the Group comprises Deutsche Bank AG and subsidiaries consolidated for European regulatory purposes, while separately incorporated entities are generally regulated in their jurisdictions of incorporation 5.

The 2025 Form 20-F reports that Deutsche Bank AG is the direct or indirect holding company of its subsidiaries and identifies its significant subsidiaries using the SEC Regulation S-X materiality test 1.

The reviewed sources do not identify export licences, export-control enforcement actions, defence-export registrations, SIBAT registrations, or military-procurement sanctions involving Deutsche Bank AG or the identified Israeli entity 1, 3, 5.

Civil Society Scrutiny & Documented Investigations

The available corporate-governance materials identify Christian Sewing as Chairman of the Management Board and Alexander Wynaendts as Chairman of the Supervisory Board 6, 7.

The 2025 Form 20-F states that Deutsche Bank is not directly or indirectly owned or controlled by a corporation, government, natural person, or legal person, singly or jointly 1.

The shareholder-structure page reports disclosed voting-rights holdings below 10 percent for BlackRock, Paramount Service Holding, and Amundi as of the dates shown on that page 8.

The reviewed materials do not document a civil-society investigation, government investigation, litigation, or verified public allegation specifically connecting Deutsche Bank to defence contracting, weapons supply, military logistical services, or Israeli state-security procurement 1, 2, 3, 5.

Footnotes

  1. https://www.sec.gov/Archives/edgar/data/1159508/000115950826000017/db-20251231.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12

  2. https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/Annual-Report-2025.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  3. https://country.db.com/global/contacts/israel?kid=israel.redirect-en.shortcut&language_id=1 ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  4. https://db.wd3.myworkdayjobs.com/en-US/DBWebsite/job/Israel-Salesperson_R0436765 ↩ ↩2 ↩3 ↩4

  5. https://www.db.com/legal-resources/corporate-and-regulatory-disclosures/index ↩ ↩2 ↩3 ↩4 ↩5

  6. https://www.db.com/who-we-are/boards-and-committees/management-board ↩

  7. https://investor-relations.db.com/files/documents/reports/Corporate-Governance-Statement_2025.pdf ↩

  8. https://investor-relations.db.com/share/shareholder-structure ↩