Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 203

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 203
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| Annual Report 2024 |

Net gains (losses) on financial assets/liabilities at fair value through profit or loss

| in € m.                                                                                          |     |       |     |       |     |       |     | 2024 increase (decrease)from 2023 |     |      |     | 2023 increase (decrease)from 2022 |     |      |
| (unless stated otherwise)                                                                        |     |  2024 |     |  2023 |     |  2022 |     |                           in € m. |     | in % |     |                           in € m. |     | in % |
| Trading income                                                                                   |     | 5,563 |     | 5,506 |     | 2,745 |     |                                56 |     |    1 |     |                             2,761 |     |  101 |
| Net gains (losses) on non-tradingfinancial assets mandatory at fair valuethrough profit or loss  |     |   -65 |     |   217 |     |   -61 |     |                              -282 |     |  N/M |     |                               278 |     |  N/M |
| Net gains (losses) on financialassets/liabilities designated at fair valuethrough profit or loss |     |   158 |     |  -148 |     |   277 |     |                               306 |     |  N/M |     |                              -426 |     |  N/M |
| Total net gains (losses) on financialassets/liabilities at fair value throughprofit or loss      |     | 5,655 |     | 5,575 |     | 2,962 |     |                                81 |     |    1 |     |                             2,613 |     |   88 |

N/M – Not meaningful 2024 Net gains on financial assets/liabilities at fair value through profit or loss amounted to € 5.7 billion in 2024, compared to € 5.6 billion in 2023, reflecting an increase of € 81 million, or 1%. This increase was primarily driven by valuation adjustments primarily on guaranteed funds in Asset Management, which had a corresponding offset in other income. Corporate & Other also recorded an increase mainly due to higher interest rate hedges. These gains are partly offset by changes in the market valuation of derivatives in the Investment Bank.