Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 405

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 405
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 as at the end of 2023, a surplus to regulatory requirements of € 107 billion. The increased surplus was primarily driven by deposit growth partially offset by ECB TLTRO repayments and increased business assets. Net stable funding ratio

|                                      |     |                 Dec 31, 2024 |     |                          Dec 31, 2023 |
|:-------------------------------------|:----|-----------------------------:|:----|--------------------------------------:|
| in € bn. (unless stated otherwise)   |     | Total adjustedweighted value |     | Total adjustedweighted value(average) |
| Available stable funding (ASF)       |     |                          625 |     |                                   605 |
| Required stable funding (RSF)        |     |                          515 |     |                                   499 |
| Net Stable Funding Ratio (NSFR) in % |     |                        121 % |     |                                 121 % |

| 164 |

| Deutsche Bank      |
| Annual Report 2024 |

Asset Encumbrance This section refers to asset encumbrance in the group of institutions consolidated for banking regulatory purposes pursuant to the German Banking Act. Therefore this excludes insurance companies or companies outside the finance sector. Assets pledged by our insurance subsidiaries are included in Note 20 “Assets Pledged and Received as Collateral” of the consolidated financial statements, and restricted assets held to satisfy obligations to insurance companies’ policy holders are included within Note 37 “Information on Subsidiaries” of the consolidated financial statements. Encumbered assets primarily comprise those on- and off-balance sheet assets that are pledged as collateral against secured funding, collateral swaps, and other collateralized obligations. Additionally, in line with EBA technical standards on regulatory asset encumbrance reporting, assets placed with settlement systems, including default funds and initial margins, as well as other assets pledged which cannot be freely withdrawn such as mandatory minimum reserves at central banks, are considered encumbered. We also include derivative margin receivable assets as encumbered under these EBA guidelines. Readily available assets are those on- and off-balance sheet assets that are not otherwise encumbered, and which are in freely transferrable form. Unencumbered financial assets at fair value, other than securities borrowed or purchased under resale agreements and positive market value from derivatives, and available for sale investments are all assumed to be readily available. The readily available value represents the on- and off-balance sheet carrying amount or fair value rather than any form of