Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 341

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 341
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 lending commitments and financial guarantees, including impacts from early adoption of rules for commitments as per Article 5 (10) CRR3. Furthermore, the leverage exposure related to derivatives increased by € 5.6 billion. Asset amounts deducted in determining Tier 1 capital increased by € 0.9 billion mainly driven by the temporary treatment of unrealized gains and losses measured at fair value through OCI in accordance with Article 468 CRR which applies until year-end 2025. These increases were partly offset by the leverage exposure for the asset items not related to derivatives and SFTs (other assets) which decreased by € 14.3 billion largely reflecting the development of the balance sheet: the decrease in cash and central bank/interbank balances of € 31.0 billion was partly offset by increases in non-derivative trading assets by € 5.9 billion, loans by € 4.1 billion and in receivables from unsettled regular way trades by € 4.1 billion on a net basis; remaining asset items not outlined separately increased by € 2.6 billion. The development of the leverage exposure in 2024 includes a positive foreign exchange impact of € 32.4 billion mainly due to the strengthening of the U.S. Dollar versus the Euro. The effects from foreign exchange rate movements are embedded in the movement of the leverage exposure items discussed in this section. For main drivers of the Tier 1 capital development please refer to section “Development of Own Funds”.

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| Deutsche Bank      |
| Annual Report 2024 |

Minimum Requirement of Own Funds and Eligible Liabilities and Total Loss Absorbing Capacity MREL Requirements The minimum requirement for own funds and eligible liabilities (MREL) was introduced by the European Union’s Regulation establishing uniform rules and a uniform procedure for the resolution of credit institutions (Single Resolution Mechanism Regulation or SRMR) and the European Union’s Directive establishing a framework for the recovery and resolution of credit institutions (Bank Recovery and Resolution Directive or BRRD) as implemented into German law by the German Recovery and Resolution Act. The currently required level of MREL is determined by the competent resolution authorities for each supervised bank individually, depending on the respective preferred resolution strategy. In the case of Deutsche Bank AG, MREL is determined by the Single Resolution Board. While there is no statutory minimum level of MREL, the SRMR, BRRD and a delegated regulation set out criteria which the resolution authority must consider when determining the relevant required level of MREL. Guidance