Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 360

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 360
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 1,600 |     |                    1,870 |     | −                        |     | 509,381 |

1 Net of eligible collateral, guarantees and hedges based on IFRS requirements 2 Reflects the probability of default for a one year time horizon The above tables show an overall increase in the Corporate Bank and Investment Bank gross exposure in 2024 of € 108.2 billion or 15%. Repo and repo-style transactions increased by € 55.5 billion, mainly driven by increased firm trading activities and client flows. From a regional perspective, the increase was primarily attributable to counterparties domiciled in the United Kingdom and United State of America. Off-balance sheet positions increased by € 25.3 billion, mainly driven by new commitments issued during the period. Loans increased by € 13.8 billion, primarily in the Investment Bank. Debt Securities at fair value through profit and loss increased by € 8.1 billion, mainly due to client flows and desk positioning and increase in OTC Derivatives of € 5.0 billion is primarily due to increase in foreign exchange derivatives product. The Group uses risk mitigation techniques as described above to optimize Corporate Bank and Investment Bank credit exposures and reduce potential credit losses. The tables for “net” exposure disclose the development of the bank’s Corporate Bank and Investment Bank credit exposures net of collateral, guarantees and hedges. Risk Mitigation for Credit Exposure Strategic Corporate Lending (“SCL”) unit helps to mitigate the risk of the bank’s corporate credit exposures. The notional amount of SCL’s risk reduction activities increased from € 37.7 billion as of December 31, 2023, to € 43.2 billion as of December 31, 2024. As of year-end 2024, SCL mitigated the credit risk of € 38.4 billion of loans and lending-related commitments, through synthetic collateralized loan obligations supported predominantly by financial guarantees. This position totaled € 32.0 billion as of December 31, 2023. SCL also held credit derivatives with an underlying notional amount of € 4.7 billion as of December 31, 2024. The position totaled € 5.7 billion as of December 31, 2023. The credit derivatives used for the bank’s portfolio management activities are accounted for at fair value. The bank executes additional hedges in other businesses and at a Group level to reduce single name concentration risks and manage its capital efficiently. These hedges are