Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 395

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 395
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 rate risk and inflation risk, credit spread risk, equity risk and longevity risk. The economic capital usage was € 0.9billion as of December 31, 2024, compared to € 1.1billion as of December 31, 2023

– Guaranteed funds risk; risk arising from guaranteed fund products offered by our asset management division offering a partial or full guarantee on the clients’ investment. The risk materializes if the value of the underlying investment fund on guarantee date is lower than the guaranteed amount. The economic capital usage was € 100 million as of December 31, 2024, versus € 59 million as of December 31, 2023.

| 157 |

| Deutsche Bank      |
| Annual Report 2024 |

Interest Rate Risk in the Banking Book The following table shows the impact on the Group’s net interest income in the banking book as well as the change of the economic value for the banking book positions from interest rate changes under the six standard scenarios defined by the EBA: Economic value and net interest income interest rate risk in the banking book by EBA scenario

| in € bn.         |     |    Delta EVE 
 Dec 31, 2024 |     | Dec 31, 2023 |     |   Delta NII¹ 
 Dec 31, 2024 |     | Dec 31, 2023 |
|:-----------------|:----|-------------:|:----|-------------:|:----|-------------:|:----|-------------:|
| Parallel up      |     |         -5.8 |     |         -5.1 |     |          0.2 |     |          0.3 |
| Parallel down    |     |          1.3 |     |          1.8 |     |         -0.7 |     |         -0.3 |
| Steepener        |     |         -0.8 |     |         -0.8 |     |         -0.1 |     |          0.1 |
| Flattener        |     |         -0.7 |     |         -0.3 |     |         -0.0 |     |         -0.1 |
| Short rates up   |     |         -2.1 |     |         -1.6 |     |          0.0 |     |         -0.0 |
| Short rates down |     |