Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 509

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 509
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 0 |
| Foreign exchange and other changes                  |     |                            4 |     |       3 |     |       3 |     |            0 |     |     9 |
| Balance, end of reporting period                    |     |                          144 |     |      97 |     |     310 |     |            0 |     |   551 |
| of which: Financial guarantees                      |     |                           95 |     |      56 |     |     226 |     |            0 |     |   378 |
| Provision for Credit Losses excluding country risk1 |     |                           33 |     |     -16 |     |      82 |     |            0 |     |    99 |

1 The above table breaks down the impact on provision for credit losses from movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models

2 Allowance for credit losses does not include allowance for country risk amounting to € 9million as of December 31, 2022

| 263 |

| Deutsche Bank      |
| Annual Report 2024 |

20 – Transfer of Financial Assets, Assets Pledged and Received as Collateral

The Group enters into transactions in which it transfers financial assets held on the balance sheet and as a result may either be eligible to derecognize the transferred asset in its entirety or must continue to recognize the transferred asset to the extent of any continuing involvement, depending on certain criteria. These criteria are discussed in Note 1 “Material Accounting Policies and Critical Accounting Estimates”.

Where financial assets are not eligible to be derecognized, the transfers are viewed as secured financing transactions, with any consideration received resulting in a corresponding liability. The Group is not entitled to use these financial assets for any other purposes. The most common transactions of this nature entered into by the Group are repurchase agreements, securities lending agreements and total return swaps, in which the Group retains substantially all of the associated credit, equity price, interest rate and foreign exchange risks and rewards associated with the assets as well as the associated income streams.

Information on asset types and associated transactions that did not qualify for derecognition

| in € m.                                                                     |     | Dec 31, 2024 |     | Dec 31, 2023 |
|:----------------------------------------------------------------------------|:----|-------------:|:----|-------------:|
| Carrying amount of transferred assets                                       |     |              |     |              |