Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 383

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 383
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     |            0 |     |       5 |     |     -40 |     |           0 |     |   -35 |

In 2024, the bank has observed the decrease of € 434 million in modified assets at amortized cost due to client related modifications, driven by Investment Bank and Private Bank.

In 2024, the Group has not observed any amounts of modified assets that have been upgraded to Stage 1. The bank has not observed any subsequent re-deterioration of those assets into Stages 2 and 3.

In 2023, the Group has not observed any amounts of modified assets that have been upgraded to Stage 1. The bank has not observed any subsequent re-deterioration of those assets into Stages 2 and 3.

Financial assets at fair value through other comprehensive income The fair value of financial assets at fair value through other comprehensive income (FVOCI) subject to impairment under IFRS 9 was € 42billion at December 31, 2024, compared to € 36billion at December 31, 2023. Allowance for credit losses against these assets remained at very low levels (€ 38million as of December 31, 2024 and € 48million as of December 31, 2023). Due to immateriality no further breakdown is provided for financial assets at FVOCI.

Off-balance sheet lending commitments and guarantee business

The following tables provide an overview of the nominal amount and credit loss allowance for the Group’s off-balance sheet financial asset class broken down into stages as per IFRS 9 requirements.

Development of nominal amount in the current reporting period

|                                              |     |   Dec 31, 2024 |     |         |     |         |     |              |     |         |
|:---------------------------------------------|:----|---------------:|:----|--------:|:----|--------:|:----|-------------:|:----|--------:|
|                                              |     | Nominal Amount |     |         |     |         |     |              |     |         |
| in € m.                                      |     |        Stage 1 |     | Stage 2 |     | Stage 3 |     | Stage 3 POCI |     |   Total |
| Balance, beginning of year                   |     |        292,747 |     |  23,778 |     |   2,282 |     |