Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 410

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 410
---
130 as of December 31, 2023. The bank calculates its employee figures on a full-time equivalent basis, meaning it includes proportionate numbers of part-time employees. The following table shows the bank’s numbers of full-time equivalent employees as of December 31, 2024, 2023 and 2022.

| Employees1                           |     | Dec 31, 2024 |     | Dec 31, 2023 |     | Dec 31, 2022 |
|:-------------------------------------|:----|-------------:|:----|-------------:|:----|-------------:|
| Germany                              |     |       35,160 |     |       36,195 |     |       35,594 |
| Europe (outside Germany)             |     |       17,672 |     |       18,103 |     |       17,875 |
| Asia/Pacific, Middle East and Africa |     |       28,930 |     |       27,601 |     |       23,740 |
| North America2                       |     |        7,744 |     |        8,033 |     |        7,534 |
| Latin America                        |     |          247 |     |          199 |     |          187 |
| Total employees                      |     |       89,753 |     |       90,130 |     |       84,930 |

1 Full-time equivalent employees, prior year’s comparatives aligned to presentation in the current year, numbers may not add up due to rounding 2 Primarily the United States In 2024, the number of the bank’s employees decreased by 377 or 0.4% mainly due to reductions in Germany, partly offset by increases in Asia/Pacific, Middle East and Africa. – Germany (-1,035; -2.9%) mainly driven by restructuring measures primarily in the Private Bank – North America (-289; -3.6%) mainly driven by decreases across all operating businesses and infrastructure functions – Europe ex Germany (-431; -2,4%) mainly driven by decreases in the UK, Italy and Spain, partly offset by increases in Romania and its Operations Center – Asia/Pacific, Middle East and Africa (+1.329; +4.8%) primarily driven by increases in India and its Operations Center The following table shows the distribution of full-time equivalent employees by division as of December 31, 2024, 2023 and