Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 232

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 232
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 business with German and international retail clients, business clients and wealth management clients as well as non-trading market risks from modelling of client deposits and credit spread risk. Asset Management, as a fiduciary asset manager, invests money on behalf of clients. As such, the main risk drivers are non-financial. The economic capital demand for market risk is mainly driven by non-trading market risks, which arise from guaranteed products and co-investments in the funds. Corporate & Other’s risk profile embeds a range of different risk drivers including those pertaining to Treasury, certain corporate items, and legacy portfolios. The economic capital demand mainly comprises of non-trading market risk from interest rate risk in Treasury, structural foreign exchange risk, pension risk and equity compensation risk, credit risk from Treasury’s investments, strategic risk from tax-related risks and software asset risks and operational risk from legacy portfolios. The table below shows Deutsche Bank’s overall risk position as measured by the economic capital demand calculated for credit, market, operational and strategic risk for the dates specified. Deutsche Bank’s overall economic risk position also considers diversification benefits across risk types. Risk profile of Deutsche Bank’s business divisions as measured by economic capital

|                                  |     |   Dec 31, 2024 |     |                 |     |              |     |                  |     |                   |     |        |     |             |
|:---------------------------------|:----|---------------:|:----|----------------:|:----|-------------:|:----|-----------------:|:----|------------------:|:----|-------:|:----|------------:|
| in € m. (unlessstated otherwise) |     | Corporate Bank |     | Investment Bank |     | Private Bank |     | Asset Management |     | Corporate & Other |     |  Total |     | Total(in %) |
| Credit risk                      |     |          3,455 |     |           4,512 |     |        2,164 |     |               46 |     |             2,329 |     | 12,507 |     |          52 |
| Market risk                      |     |          1,040 |     |           2,086 |     |        1,561 |     |              304 |     |             3,676 |     |  8,667 |     |          36 |
| Operational risk                 |     |            863 |     |           1,182 |     |