Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 266

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 266
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 only, as the key MEVs relevant to the underlying portfolios.

IFRS 9 – Sensitivities of forward-looking information applied on Stage 1 and Stage 2 - Corporate Bank

|                     |     | December 31, 2024  |     |                   |     |                      |     |                   |
|:--------------------|:----|:-------------------|:----|------------------:|:----|:---------------------|:----|------------------:|
|                     |     | Upward sensitivity |     |                   |     | Downward sensitivity |     |                   |
|                     |     | Upward shift       |     | ECL impactin € m. |     | Downward shift       |     | ECL impactin € m. |
| GDP growth rates    |     | 1pp                |     |             -18.2 |     | (1)pp                |     |              20.3 |
| Unemployment rates  |     | (0.5)pp            |     |             -12.6 |     | 0.5pp                |     |              14.2 |
| Real estate prices2 |     | 5%                 |     |              -2.1 |     | (5)%                 |     |               2.2 |
| Credit spreads      |     | (40)%              |     |              -4.5 |     | 40%                  |     |               5.0 |
| Commodities¹        |     | 10%                |     |              -2.8 |     | (10)%                |     |               3.1 |

¹ Here the sign of the shift applies to oil prices changes. Gold price changes have the opposite sign.

2 For a more severe stress test relating to the CRE portfolio that also takes into consideration existing and potential exposure in Stage 3 reference is made to the section on Commercial Real Estate above

|                    |     | December 31, 2023  |     |                   |     |                      |     |                   |
|:-------------------|:----|:-------------------|:----|------------------:|:----|:---------------------|:----|------------------:|
|                    |     | Upward sensitivity |     |                   |     | Downward sensitivity |     |                   |
|                    |     | Upward shift       |     | ECL impactin € m. |     | Downward shift       |     | ECL