Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 678

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 678
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 offset by revenues on the underlying positions recorded in noninterest income. Conversely, it can also arise from the use of fair valued instruments to hedge key banking book segments positions where the cost or income of the underlying position is recorded as interest income, but the hedge impact is recorded as a noninterest income. These effects from trading book and related hedge activities primarily occur in the Investment Bank (ex FIC Financing), Asset Management and Corporate & Other including Treasury other than held in the key banking book segments 3 Interest earning assets are financial instruments or investments that generate interest income in the form of interest payments. Interest earnings assets are averaged on a monthly basis and across quarters and for the full year 4 For the Group and the segments, net interest income (before provision for credit losses) as a percentage of average total interest earnings assets. Net interest margins per segment are based on their contribution to the Group results

| 425 |

| Deutsche Bank      |
| Annual Report 2024 |

Adjusted costs/nonoperating costs Adjusted costs is one of the Group’s key performance indicators and is a Non-GAAP financial measure for which the most directly comparable IFRS financial measure is noninterest expenses. Adjusted costs is calculated by deducting (i) impairment of goodwill and other intangible assets, (ii) net litigation charges and (iii) restructuring and severance (in total referred to as nonoperating costs) from noninterest expenses under IFRS. The Group believes that a presentation of noninterest expenses excluding the impact of these items provides a more meaningful depiction of the costs associated with the operating businesses.

|                                                   |     |          2024 |     |                |     |             |     |                 |     |                  |     |                   |
| in € m.                                           |     | CorporateBank |     | InvestmentBank |     | PrivateBank |     | AssetManagement |     | Corporate &Other |     | Totalconsolidated |
| Noninterest expenses                              |     |         5,084 |     |          6,661 |     |       7,304 |     |           1,823 |     |            2,099 |     |            22,971 |
| Nonoperating costs:                               |     |               |     |                |     |             |     |                 |     |                  |     |                   |
| Impairment of goodwill and otherintangible assets |     |             0 |     |              0 |     |           0 |     |