Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 386

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 386
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 |     |          521 |     |         -106 |
| Balance end of period                                              |     |       15,326 |     |       12,464 |

Forborne assets at amortized cost increased by € 2.9 billion, or 23 % in 2024, largely driven by real estate exposures across various divisions.

Forborne assets at amortized cost increased by € 1.3 billion, or 12 % in 2023. This was driven by an increase in Investment Bank.

Collateral Obtained

The Group obtains collateral on the balance sheet only in certain cases by either taking possession of collateral held as security or by calling upon other credit enhancements. Collateral obtained is made available for sale in an orderly fashion or through public auctions, with the proceeds used to repay or reduce outstanding indebtedness. Generally, the bank does not occupy obtained properties for its business use.

Collateral Obtained during the reporting period

| in € m.                                               |     | 2024 |     | 2023 |
| Commercial real estate                                |     |  251 |     |    0 |
| Residential real estate1                              |     |    3 |     |    3 |
| Other                                                 |     |    0 |     |   11 |
| Total collateral obtained during the reporting period |     |  254 |     |   14 |

1 Carrying amount of foreclosed residential real estate properties amounted to € 17million as of December 31, 2024 and € 30million as of December 31, 2023

| 149 |

| Deutsche Bank      |
| Annual Report 2024 |

The increase of € 240 million in collateral obtained during 2024 relates to a small number of foreclosed commercial real estate properties in the US. The collateral obtained, as shown in the table above, excludes collateral recorded as a result of consolidating securitization trusts under IFRS 10. In 2024 and 2023, the Group obtained € 4million of collateral related to these trusts. Derivatives – Credit Valuation Adjustment The bank establishes counterparty Credit Valuation Adjustment (CVA) for OTC derivative transactions to cover expected credit losses. The adjustment amount is determined by assessing the potential credit exposure to a given counterparty and taking into account any collateral held, the effect of any relevant netting arrangements, expected loss given default and the credit risk, based on available market information, including CDS spreads.