Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 376

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 376
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     N/M |     |     N/M |     |           N/M |     |    N/M |
| Changes in models                                                          |     |                         (2)- |     |      -7 |     |       0 |     |             0 |     |     -9 |
| Financial assets that have been derecognized during the period³            |     |                            0 |     |       0 |     |  -1,229 |     |             0 |     | -1,229 |
| Recovery of written off amounts                                            |     |                            0 |     |       0 |     |     157 |     |             0 |     |    157 |
| Foreign exchange and other changes                                         |     |                           15 |     |      -3 |     |    -290 |     |            11 |     |   -267 |
| Balance, end of reporting period                                           |     |                          438 |     |     736 |     |   4,412 |     |           213 |     |  5,799 |
| Provision for Credit Losses excluding country risk¹                        |     |                          -24 |     |      59 |     |   1,814 |     |             3 |     |  1,852 |

1 Movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models add up to Provision for Credit Losses excluding country risk

2 Allowance for credit losses does not include allowance for country risk amounting to € 14million as of December 31, 2024

3 This position includes charge offs of allowance for credit losses

4 The total amount of undiscounted expected credit losses at initial recognition on financial assets that are purchased or originated credit-impaired initially recognized during the reporting period was € 0million in 2024 and € 0million in 2023

Allowance for credit losses for financial assets at amortized cost subject to impairment went up by € 513 million or 10 % in 2024, driven by stage 3:

– Stage 1 allowances decreased by € 9million or 2% mainly driven by Private Bank due to the exposure reduction and almost offset by the increases in Corporate Bank and Investment Bank.

– Stage 2 allowances increased by € 56million or 8% largely due to Private Bank and Corporate Bank.

– Stage 3 allowances went up by € 466million or