Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 559

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 559
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 program. The Group’s total defined benefit obligation for post-employment medical plans was € 142 million and € 145 million on December 31, 2024 and December 31, 2023, respectively. In combination with the benefit structure, these plans represent limited risk for the Group, given the nature and size of the post-retirement medical plan liabilities versus the size of the Group’s balance sheet at year end 2024.

The following amounts of expected benefit payments from the Group’s defined benefit plans include benefits attributable to employees’ past and estimated future service and include both amounts paid from the Group’s external pension trusts and paid directly by the Group in respect of unfunded plans.

| in € m.                                                           |     | Germany |     |  UK |     | U.S. |     | Other |     | Total |
| Actual benefit payments 2024                                      |     |     539 |     | 113 |     |   85 |     |    62 |     |   799 |
| Benefits expected to be paid 2025                                 |     |     565 |     | 128 |     |   89 |     |    76 |     |   858 |
| Benefits expected to be paid 2026                                 |     |     568 |     | 135 |     |   92 |     |    67 |     |   862 |
| Benefits expected to be paid 2027                                 |     |     587 |     | 146 |     |   91 |     |    70 |     |   894 |
| Benefits expected to be paid 2028                                 |     |     600 |     | 156 |     |   96 |     |    73 |     |   925 |
| Benefits expected to be paid 2029                                 |     |     615 |     | 168 |     |   95 |     |    72 |     |   950 |
| Benefits expected to be paid 2030 – 2034                          |     |   3,211 |     | 911 |     |  460 |     |   377 |     | 4,959 |
| Weighted average duration of defined benefitobligation (in years) |     |      11 |     |  15 |     |    9 |     |     9 |     |    11 |

Multi-employer Plans

In Germany, the Group is a