Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 393

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 393
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2024 and October 2024 were driven by increased market volatility stemming from macroeconomic data releases and central bank actions on interest rate policy. The following graph shows the trading units daily buy-and-hold and Actual income in comparison to the value-at-risk as of the close of the previous business day for the trading days of the reporting period. The value-at-risk is presented in negative amounts to visually compare the estimated potential loss of the trading positions with the buy and hold income given buy-and-hold is the relevant portion of daily profit and loss for comparison against the previous day's value at risk which excludes new trades, reserves, and any carry profit and loss ordinarily part of actual income. Figures are shown in millions of euro. The chart shows that the trading units achieved a positive buy and hold income for 49 % of the trading days in 2024 as well as displays the group outliers experienced in 2024. EU MR4 – Comparison of VAR estimates with gains/losses

| 155 |

| Deutsche Bank      |
| Annual Report 2024 |

Daily Income of Deutsche Bank Group Trading Units The following histogram shows the distribution of daily income of Group trading units. Daily income is defined as total income which consists of new trades, fees & commissions, buy & hold income, reserves, carry and other income. It displays the number of trading days on which the Group reached each level of trading income shown on the horizontal axis in millions of euro. Distribution of daily income of Group’s trading units in 2024

The trading units achieved a positive income for 95% of the trading days in 2024 compared with 93% in the full year 2023.

| 156 |

| Deutsche Bank      |
| Annual Report 2024 |

Non-trading Market Risk Exposures

Economic Capital Usage for Non-trading Market Risk

The following table shows the Non-trading Market Risk economic capital usage by risk type :

Economic Capital Usage by risk type.

| in € m.                                  |     | Economic capital usage 
           Dec 31, 2024 |     | Dec 31, 2023 |
|:-----------------------------------------|:----|-----------------------:|:----|-------------:|
| Interest rate risk                       |     |                  2,770 |     |        2,980 |
| Credit spread risk                       |     |                    184 |     |           60 |
| Equity and Investment risk               |     |                  1,172 |     |        1,044 |