Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 377

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 377
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11% , driven by additional charges in the CRE portfolio and in Corporate Bank as well as new defaults in Private Bank. The latter were offset to a large extent by non-performing loans sales.

The Group’s Stage 3 coverage ratio (defined as allowance for credit losses in Stage 3 (excluding POCI) as a percentage of financial assets at amortized cost in Stage 3 (excluding POCI)) amounted to 29 % in the current fiscal year, compared to 31 % in the prior year.

Due to model recalibrations as well as larger amounts of new defaults, net outflows from stage 1 due to changes in creditworthiness increased in 2024 on a year-over-year basis. Net inflows in stage 2 due to changes in creditworthiness increased in 2024, which was mainly due to model recalibrations and stage 2 reclassifications in the CRE portfolio. In 2024, net inflows in stage 3 (excluding POCI) increased compared to 2023. The increase in transfers to stage 3 due to creditworthiness in 2024 resulted from new defaults in Private Bank and Corporate & Other, as mentioned above.

| 142 |

| Deutsche Bank      |
| Annual Report 2024 |

Development of allowance for credit losses in the previous reporting period

|                                                                            |     |                 Dec 31, 2023 |     |         |     |         |     |               |     |        |
|:---------------------------------------------------------------------------|:----|-----------------------------:|:----|--------:|:----|--------:|:----|--------------:|:----|-------:|
|                                                                            |     | Allowance for Credit Losses² |     |         |     |         |     |               |     |        |
| in € m.                                                                    |     |                      Stage 1 |     | Stage 2 |     | Stage 3 |     | Stage 3 POCI⁴ |     |  Total |
| Balance, beginning of year                                                 |     |                          533 |     |     626 |     |   3,656 |     |           180 |     |  4,995 |
| Movements in financial assets including new business and credit extensions |     |                         -195 |     |     294 |     |   1,647 |     |            32 |     |  1,778 |
| Transfers due to changes in creditworthiness                               |     |                          170