Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 384

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 384
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 |     0 |
| Foreign exchange and other changes                  |     |                            1 |     |      -2 |     |       3 |     |            0 |     |     2 |
| Balance, end of reporting period                    |     |                          117 |     |      88 |     |     187 |     |            0 |     |   393 |
| of which: Financial guarantees                      |     |                           84 |     |      37 |     |     113 |     |            0 |     |   233 |
| Provision for Credit Losses excluding country risk1 |     |                          -28 |     |      -7 |     |    -125 |     |            0 |     |  -160 |

1 The above table breaks down the impact on provision for credit losses from movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models

2 Allowance for credit losses does not include allowance for country risk amounting to € 9million as of December 31, 2023

Legal claims Assets subject to enforcement activity consist of assets, which have been fully or partially written off and the Group still continues to pursue recovery of the asset. Such enforcement activity comprises for example cases where the bank continues to devote resources (e.g. our Legal Department/CRM workout unit) towards recovery, either via legal channels or third party recovery agents. Enforcement activity also applies to cases where the Bank maintains outstanding and unsettled legal claims. This is irrespective of whether amounts are expected to be recovered and the recovery timeframe. It may be common practice in certain jurisdictions for recovery cases to span several years. Amounts outstanding on financial assets that were written off during the reporting period and are still subject to enforcement activity amounted to € 222million and € 334million in 2024 and 2023 respectively, mainly in Corporate Bank.

| 148 |

| Deutsche Bank      |
| Annual Report 2024 |

Renegotiated and forborne assets at amortized costs

For economic or legal reasons the bank might enter into a forbearance agreement with a borrower who faces or will face financial difficulties in order to ease the contractual obligation for a limited period of time. A case-by-case approach is applied for corporate clients considering each transaction and client-specific facts and circumstances. For consumer loans the bank offers forbearances for a limited period of time, in which the total or partial outstanding or future instalments are deferred to a later point