Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 579

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 579
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 value hedge accounting

Derivatives held as fair value hedges

|                                       |     | Dec 31, 2024 |     |             |     |               |     |                                         2024 |     | Dec 31, 2023 |     |             |     |               |     |                                         2023 |
|:--------------------------------------|:----|-------------:|:----|------------:|:----|--------------:|:----|---------------------------------------------:|:----|-------------:|:----|------------:|:----|--------------:|:----|---------------------------------------------:|
| in € m.                               |     |       Assets |     | Liabilities |     | Nominalamount |     | Fair Valuechanges usedfor hedgeeffectiveness |     |       Assets |     | Liabilities |     | Nominalamount |     | Fair Valuechanges usedfor hedgeeffectiveness |
| Derivatives held as fair value hedges |     |        2,546 |     |       6,282 |     |       108,170 |     |                                          671 |     |        2,246 |     |       6,386 |     |        99,106 |     |                                        1,917 |

|                             |     |                 2024 |     |                 2023 |
| in € m.                     |     | Hedgeineffectiveness |     | Hedgeineffectiveness |
| Result of fair value hedges |     |                  454 |     |                  140 |

| 312 |

| Deutsche Bank      |
| Annual Report 2024 |

Financial instruments designated as fair value hedges

|                                                                  |     |                                                           Dec 31, 2024 |     |             |     |                                                          |     |             |     |                                                                                  |     |             |     |                                         2024 |
|:-----------------------------------------------------------------|:----|-----------------------------------------------------------------------:|:----|------------:|:----|---------------------------------------------------------:|:----|------------:|:----|---------------------------------------------------------------------------------:|:----|------------:|:----|---------------------------------------------:|
|                                                                  |     | Carrying amount of Financialinstruments designated as fairvalue hedges |     |             |     | Accumulated amount offair value hedgeadjustments - Total |     |             |     | Accumulated amount offair value hedgeadjustments - Terminatedhedge relationships |     |             |     | Fair Valuechanges usedfor hedgeeffectiveness |
| in € m.                                                          |