Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 24

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 24
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 international markets, has impacted and could continue to materially adversely impact revenues and profitability. Deutsche Bank operates in highly competitive markets in all business divisions. If the bank is unable to respond to the competitive environment with attractive product and service offerings that are profitable, the bank may lose market share or incur losses. In addition, downturns in the economies of these markets could add to the competitive pressure, for example, through increased price pressure and lower business volumes. Also, the bank’s competitiveness may be impaired if it is not able to deploy capital and fund investments to grow revenues. The Group continuously monitors and responds to competitive developments to protect its market position and realize growth opportunities. Competitors in that context include large, international banks, smaller domestic banks as well as emerging and non-banking competitors. If significant competitors were to merge or be acquired, this could have an adverse impact on Deutsche Bank’s business model and opportunities to grow non-organically in the future.

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#### Deutsche BankAnnual Report 2024 on Form 20-FRisks Relating to Regulation and SupervisionPrudential reforms and heightened regulatory scrutiny affecting the financial sector continue to have a significant impact on Deutsche Bank, which may adversely affect its business and, in cases of non-compliance, could lead to regulatory sanctions against the bank, including prohibitions against the bank making dividend payments, share repurchases or payments on its regulatory capital instruments, or increasing regulatory capital and liquidity requirements.Governments and regulatory authorities continue to work to enhance the resilience of the financial services industry against future crises through changes to the regulatory framework, in particular through the final implementation of the regulatory reform agenda outlined by the Basel Committee on Banking Supervision (Basel Committee) and, more recently, the envisaged transition towards sustainable economies.As a core element of the reform of the regulatory framework, the Basel Committee developed and continues to refine a comprehensive set of rules regarding minimum capital adequacy and liquidity standards as well as other rules (known as “Basel III”) which apply to Deutsche Bank (as described further in “Item 4: Regulation and Supervision” of this report under “Highlights”). In June 2024, the EU prudential rules (Capital Requirements Regulation and Directive – CRR3 and CRD 6) were published in the EU Official Journal. The reform implements the Basel Committee’s Final Basel III reforms. These reforms change how EU banks will calculate their risk weighted assets. The biggest part of the reforms apply as of January 2025, with the exception of the rules on market risk