Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 366

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 366
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 Loans at amortized cost

2 Allowance for credit losses do not include allowance for country risk

3 Industry sector by NACE (Nomenclature des Activités Économiques dans la Communauté Européenne) code

The following table shows the non-recourse CRE portfolio by IFRS 9 stages as well as provision for credit losses recorded as of December 31, 2024 and December 31, 2023.

Non-recourse CRE portfolio

|                              |     |           Dec 31, 2024 |     |           Dec 31, 2023 |
|:-----------------------------|:----|-----------------------:|:----|-----------------------:|
| in € m.                      |     | Gross Carrying Amount¹ |     | Gross Carrying Amount¹ |
| Exposure by stages           |     |                        |     |                        |
| Stage 1                      |     |                 24,095 |     |                 27,325 |
| Stage 2                      |     |                  9,132 |     |                  7,661 |
| Stage 3                      |     |                  3,236 |     |                  3,206 |
| Total                        |     |                 36,463 |     |                 38,192 |
|                              |     |                   2024 |     |                   2023 |
| Provision for Credit Losses² |     |                    500 |     |                    445 |

1 Loans at amortized cost

2 Provision for Credit Losses do not include country risk provisions

The year on year increase in Stage 2 and Stage 3 exposures is reflective of the deterioration in CRE markets leading to higher number of loans added to the watchlist and forbearance measures as well as increasing defaults.

The following table shows the stress-tested CRE portfolio by IFRS 9 stages, region, property type and average weighted loan to value (LTV) as well as provision for credit losses recorded for the year ended December 31, 2024, and December 31, 2023, respectively.

| 136 |

| Deutsche Bank      |
| Annual Report 2024 |

Stress-tested CRE portfolio

|                                    |     |           Dec 31, 2024 |     |           Dec 31, 2023 |
|:-----------------------------------|:----|-----------------------:|:----|-----------------------:|
| in € m.                            |     | Gross Carrying Amount¹ |     | Gross Carrying Amount