Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 10

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 10
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 to have a significant impact on Deutsche Bank, which may adversely affect its business and, in cases of non-compliance, could lead to regulatory sanctions against the bank, including prohibitions against the bank from making dividend payments, share repurchases or payments on its regulatory capital instruments, or increasing regulatory capital and liquidity requirements. Competent regulators may prohibit the bank from making dividend payments, share repurchases or payments on its regulatory capital instruments or take other actions if the Group fails to comply with regulatory requirements. Regulatory changes may impact how key entities are funded which could affect how businesses operate and negatively impact results. Regulatory actions may also require Deutsche Bank to change its business model or result in some business activities becoming unviable. Regulatory and legislative changes require Deutsche Bank to maintain increased capital and debt that can be bailed in in a resolution scenario and abide by tightened liquidity requirements. Any perceptions in the market that the bank may be unable to meet its capital or liquidity requirements could intensify the effect of these factors on the bank’s business and results. Risks Relating to Deutsche Bank’s Internal Control Environment. Deutsche Bank is focused on the need to strengthen its internal control environment and infrastructure and has embarked on initiatives to accomplish this. The German Federal Financial Supervisory Authority ( Bundesanstalt für Finanzdienstleistungsaufsicht , BaFin) has ordered the bank to improve its control and compliance infrastructure relating to anti-money laundering and know-your-client processes. If Deutsche Bank is unable to improve its infrastructure and control environment on the timelines set or expected by regulators, the bank’s reputation, regulatory position and financial condition may be materially adversely affected. Risks Relating to Technology, Data and Innovation . Digital Innovation may offer market entry opportunities for new competitors such as cross-industry entrants, global tech companies and financial technology companies. Therefore, the bank expects its businesses to have an increased need for investments in digital products and process resources to remain competitive and protect the bank from security threats. If not, there is a risk Deutsche Bank could lose market share, which could have a material adverse effect on Deutsche Bank’s financial position, results of operations, cash flows or prices of its securities.

| 11 |

| Deutsche Bank                   |
| Annual Report 2024 on Form 20-F |

Risks Relating to Litigation, Regulatory Enforcement Matters, Investigations and Tax Examinations . The bank operates in a highly regulated and litigious environment, potentially exposing the bank to liabilities and other costs, the amounts of which may be substantial and difficult to estimate, as well as