Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 224

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 224
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 which: Brokerage and securities related payables                                            |     |       63,755 |     |       81,539 |     |        -17,784 |     |        -22 |
| Total liabilities                                                                              |     |    1,309,168 |     |    1,240,935 |     |         68,232 |     |          5 |
| Total equity                                                                                   |     |       81,865 |     |       76,330 |     |          5,535 |     |          7 |
| Total liabilities and equity                                                                   |     |    1,391,033 |     |    1,317,266 |     |         73,767 |     |          6 |

| 34 |

| Deutsche Bank      |
| Annual Report 2024 |

Movements in Assets and Liabilities As of December 31, 2024, the total balance sheet of € 1.4 trillion was slightly higher compared to year-end 2023. Cash, central bank and interbank balances decreased by € 30.9 billion, as a result of an increase in central bank funds sold, securities purchased under resale agreements, and securities borrowed across all applicable measurement categories by € 52.7 billion, mainly driven by increased firm trading activities and client flows. Trading assets increased by € 14.5 billion, primarily driven by an increase in bond positions in the bank’s debt securities portfolio due to client flows and desk positioning, as well as an increase in traded loans. Positive and negative market values of derivative financial instruments increased by € 39.9 billion and € 38.1 billion, respectively, mainly due to increased volatility in foreign exchange products caused by political uncertainty towards the end of the year and the strengthening of the U.S. dollar against the euro. Non trading financial assets mandatory at fair value through profit or loss increased by € 26.3 billion, driven by aforementioned increase in securities purchased under resale agreements measured under non-trading financial assets mandatory at fair value through profit and loss. Financial assets at fair value through other comprehensive income increased by € 6.5 billion, driven by an increase in holdings of government securities in line with the bank’s initiative to optimize return on liquidity. Loans at amortized cost increased by € 4.5 billion, driven by a significant impact from foreign exchange movements and growth in Fixed Income & Currencies business in the Investment Bank which was partly offset by lower mortgage origination in the Private Bank