Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 382

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 382
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 cash flows are renegotiated or otherwise modified. Renegotiation or modification may or may not lead to derecognition of the old and recognition of the new financial instrument. This section covers modified financial assets that have not been derecognized.

Under IFRS 9, when the terms of a Financial Asset are renegotiated or modified and the modification does not result in derecognition, a gain or loss is recognized in the income statement as the difference between the original contractual cash flows and the modified cash flows discounted at the original effective interest rate (EIR). For modified financial assets the determination of whether the asset’s credit risk has increased significantly reflects the comparison of:

– The remaining lifetime probability of default (PD) at the reporting date based on the modified terms; with

– The remaining lifetime PD estimated based on data at initial recognition and based on the original contractual terms.

The following table provides the overview of modified financial assets at amortized cost broken down into IFRS 9 stages.

Modified Assets at Amortized Cost

|                                                      |     | Dec 31, 2024 |     |         |     |         |     |             |     |       |     | Dec 31, 2023 |     |         |     |         |     |             |     |       |
|:-----------------------------------------------------|:----|-------------:|:----|--------:|:----|--------:|:----|------------:|:----|------:|:----|-------------:|:----|--------:|:----|--------:|:----|------------:|:----|------:|
| in € m.                                              |     |      Stage 1 |     | Stage 2 |     | Stage 3 |     | Stage 3POCI |     | Total |     |      Stage 1 |     | Stage 2 |     | Stage 3 |     | Stage 3POCI |     | Total |
| Amortized cost carrying amount prior to modification |     |            0 |     |     726 |     |     132 |     |           0 |     |   858 |     |            0 |     |   1,072 |     |     220 |     |           0 |     | 1,292 |
| Net modification gain/losses recognized              |     |            0 |     |       9 |     |     -55 |     |           0 |     |   -46 |