Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 499

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 499
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 Annual Report 2024 |

15 – Financial assets at fair value through other comprehensive income

| in € m.                                                                    |     | Dec 31, 2024 |     | Dec 31, 2023 |
|:---------------------------------------------------------------------------|:----|-------------:|:----|-------------:|
| Securities purchased under resale agreement                                |     |        2,786 |     |        1,805 |
| Debt securities:                                                           |     |              |     |              |
| German government                                                          |     |        2,006 |     |        1,566 |
| U.S. Treasury and U.S. government agencies                                 |     |       10,640 |     |        9,232 |
| U.S. local (municipal) governments                                         |     |          719 |     |          446 |
| Other foreign governments                                                  |     |       18,661 |     |       15,672 |
| Corporates                                                                 |     |          189 |     |          686 |
| Other asset-backed securities                                              |     |            0 |     |            0 |
| Mortgage-backed securities, including obligations of U.S. federal agencies |     |          414 |     |          442 |
| Other debt securities                                                      |     |        1,607 |     |          831 |
| Total debt securities                                                      |     |       34,236 |     |       28,874 |
| Loans                                                                      |     |        5,068 |     |        4,867 |
| Total financial assets at fair value through other comprehensive income    |     |       42,090 |     |       35,546 |

16 – Equity Method Investments

Investments in associates and jointly controlled entities are accounted for using the equity method of accounting.

The Group holds interests in 49 associates and 8 jointly controlled entities as of December 31, 2024 ( 54 and 6 , respectively, as of December 31, 2023). None of the investments are considered to be material to the Group, based on the carrying value of the investment or the Group’s income from the investee.

The investment in Huarong Rongde Asset Management Company Limited, Beijing, China and Harvest Fund Management Company Limited, Shanghai, China were previously reported as material equity method investments, but are no longer considered to be material to the Group as of December 31, 2024 and are included in the aggregated financial information in