Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 189

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 189
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 Malaysia, Philippines, Singapore, Sri Lanka, South Korea, Taiwan, Thailand and Vietnam; excludes Japan

| 5 |

| Deutsche Bank      |
| Annual Report 2024 |

Banking Industry

|                              |     |     Dec 31, 2024 |     |               |     |                   |     |                |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|:-----------------------------|:----|-----------------:|:----|--------------:|:----|------------------:|:----|---------------:|:----|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Growth year-over-year (in %) |     | CorporateLending |     | RetailLending |     | CorporateDeposits |     | RetailDeposits |     | Main driver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Eurozone                     |     |              0.6 |     |           0.3 |     |               3.5 |     |            4.2 |     | Following a mild contraction at the beginning of 2024, lending to both companies and households recovered slightly in the last few months, in line with moderately declining interest rates. Both corporate and retail deposits picked up reasonable momentum during the course of the year                                                                                                                                                                                                                                                                                |
| Of which: Germany            |     |              0.1 |     |           0.8 |     |               3.6 |     |            5.7 |     | Contrary to the EU as a whole, corporate lending in Germany stagnated in 2024, mainly as a result of the weak macro economy. During the year, retail loan growth fell to the slowest level since 2010, but has since bottomed out. Asset quality has been deteriorating, with non-performing loans rising in line with insolvency numbers. There have been signs of a modest turnaround in credit demand in recent months, according to the bank lending survey. The expansion in deposits on the other hand accelerated significantly, both with companies and households |
| U.S.                         |     |              1.3 |     |           2.0 |     |              2.51 |     |           2.51 |     | Retail lending slowed in the course of the year as a result of considerably higher interest rates, while corporate credit continued to expand slightly. Likewise, higher rates contributed to a moderate recovery in total deposits following two years of contraction                                                                                                                                                                                                                                                                                                     |
| China                        |     |              9.1 |