Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 369

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 369
---
 sales in the key market U.S, competition from China and persistent excess capacities around the globe.

The difficult industry environment has had limited impact on Deutsche Bank’s automotive and supplier portfolio thus far with only moderate downward rating migrations observed across overall portfolio with 68 % of clients rated as investment grade, a 6 % point decrease year on year.

The Group feels comfortable with the portfolio size and composition, where the broader automotive sector represents 1.5 % of Deutsche Bank’s loans at amortized cost, with the core portfolio focused on strong quality Original Equipment Manufacturers (OEMs) and larger suppliers. Higher risk portfolios, including smaller suppliers, are closely tracked and tightly managed. Additionally, there have been limited loan loss allowance increases across counterparties domiciled in Germany where most of the allowance relates to historical stage 3 cases. Exposures in Automotives have been pro-actively screened over the past 18 months with higher risk clients added to watchlists. The bank believes the current macroeconomic and sector-specific challenges are thus adequately reflected in ratings, staging and credit loss allowances.

The information below is based on an internal industry risk classification, aligned to the industry of the counterparty which is not fully congruent with the NACE applied elsewhere in this report, e.g. in the Asset Quality section.

Group Automotive Loans Portfolio

|                                 |     |          Dec 31, 2024 |     |                             |     |          Dec 31, 2023 |     |                             |
|:--------------------------------|:----|----------------------:|:----|----------------------------:|:----|----------------------:|:----|----------------------------:|
| in €                            |     | Gross Carrying Amount |     | Allowance for Credit Losses |     | Gross Carrying Amount |     | Allowance for Credit Losses |
| Exposure / allowances by stages |     |                       |     |                             |     |                       |     |                             |
| Stage 1                         |     |                 5,402 |     |                           5 |     |                 5,768 |     |                           4 |
| Stage 2                         |     |                 1,374 |     |                           9 |     |                   984 |     |                          10 |
| Stage 3                         |     |                   291 |     |                         173 |     |                   439 |     |                         124 |
| Total                           |     |                 7,068 |     |                         188 |     |                 7,191 |