Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 379

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 379
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 macroeconomic outlook.

– Stage 2 allowances increased by € 54million or 9% due to the aforementioned overlays mainly related to envisaged ECL model changes (Forward Looking Information on LGDs), which led to an increase of Allowance for Credit Losses.

– Stage 3 allowances decreased by € 323million or 8% , mainly driven by new provisions and the release of the existing overlay related to parameter recalibrations required due to the new definition of default in Private Bank (which at first application led to a decrease of Allowance for Credit Losses), as mentioned in the Annual Report 2023.

The Group’s stage 3 coverage ratio (defined as allowance for credit losses in stage 3 (excluding POCI) as a percentage of financial assets at amortized cost in stage 3 (excluding POCI)) amounted to 31 % in the previous fiscal year.

Due to non-recurring positive ECL model changes, net transfers into stage 1 resulting from changes in creditworthiness increased in 2023 on a year-over-year basis. Net outflows from stage 2 due to changes in creditworthiness increased in 2023, which was mainly as a result of the improved macroeconomic environment. In 2023, net outflows from stage 3 (excluding POCI) increased compared to 2022. The immaterial amount of net outflows from stage 3 due to creditworthiness in 2023 resulted from a release of an overlay, as mentioned in the Annual Report 2023.

Financial assets at amortized cost by business division

|                   |     |           Dec 31, 2024 |     |         |     |         |     |             |     |         |     |                             |     |         |     |         |     |             |     |       |
|:------------------|:----|-----------------------:|:----|--------:|:----|--------:|:----|------------:|:----|--------:|:----|----------------------------:|:----|--------:|:----|--------:|:----|------------:|:----|------:|
|                   |     | Gross Carrying Amount¹ |     |         |     |         |     |             |     |         |     | Allowance for Credit Losses |     |         |     |         |     |             |     |       |
| in € m.           |     |                Stage 1 |     | Stage 2 |     |