Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 338

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 338
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     |      -745 |     |                       -60 |
| Methodology and policy                     |     |       -1,446 |     | -2,735 |     |     0 |     |   722 |     |    -3,459 |     |                      -277 |
| Acquisitions and disposals                 |     |            0 |     |      0 |     |     0 |     |     0 |     |         0 |     |                         0 |
| Foreign exchange movements                 |     |            0 |     |      0 |     |     0 |     |   -57 |     |       -57 |     |                        -5 |
| Other                                      |     |            0 |     |      0 |     |     0 |     |     0 |     |         0 |     |                         0 |
| Market risk RWA balance, end of year       |     |        3,750 |     |  7,090 |     | 7,129 |     | 3,542 |     |    21,510 |     |                     1,721 |

The analysis for market risk covers movements in the bank’s internal models for value-at-risk (VaR), stressed value-at-risk, incremental risk charge (IRC) as well as results from the market risk standardized approach (MRSA), which is captured in the category “Other”. MRSA is used to determine the regulatory capital charge for the specific market risk of trading book securitizations, for certain types of investment funds and for longevity risk as set out in CRR/CRD regulations. Market risk RWA movements due to changes in market data levels, volatilities, correlations, liquidity and ratings are included under the “Market data changes and recalibrations” category. Changes to market risk RWA internal models, such as methodology enhancements or risk scope extensions, are included in the category “Model updates”. In the “Methodology and policy” category regulatory driven changes to market risk RWA models and calculations are reported. Significant new businesses and disposals would be assigned to the line item “Acquisition and disposals”. The impacts of “Foreign exchange movements” are only calculated for the CRM and Standardized approach methods.

| 111 |

| Deutsche Bank      |
| Annual Report 2024 |

As of December 31, 2024 the RWA for market risk was € 19.0 billion, a decrease of