Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 251

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 251
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 in a specific single counterparty, country, industry or product leading to a disproportionate deterioration in the risk profile of Deutsche Bank’s credit exposures to that counterparty, country, industry or product Deutsche Bank manages its credit risk using the following philosophy and principles: – Credit Risk is only accepted: – for adopted clients – after completed appropriate due diligence led by the respective origination teams as 1st LoD – New products and changes to existing products have to be assessed within DB Group’s new product approval (NPA) framework – If a rating has been assigned in line with agreed and approved processes – If all credit relevant exposures are correctly reflected in the relevant risk systems – If plans for an orderly termination of the risk positions have been considered – Credit Risk is assumed within the applicable Risk Appetite – P&L responsibility for credit exposures is owned by the originating Group Division – Risk taken needs to be adequately compensated – Risk must be continuously monitored and managed across 1st and 2nd LoD – Credit standards are applied consistently across all Group Divisions in order to maintain a favorable risk profile in line with the Risk Appetite – Collateral or other risk mitigating, hedging or rating transfer instruments, which can be an alternative source of repayment do not substitute for underwriting standards and a thorough assessment of the debt service ability of a counterparty has to be performed during the credit process – Deutsche Bank strives to adequately secure, guarantee or hedge outright cash risk and longer tenor-exposures; this approach does usually not include lower risk short-term transactions and facilities supporting specific trade finance or other lower risk products where the margin allows for adequate loss coverage – Deutsche Bank measures and consolidates globally all exposure and facilities to the same Obligor.

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| Deutsche Bank      |
| Annual Report 2024 |

– Deutsche Bank has established within Credit Risk Management – where appropriate – specialized teams for deriving internal client ratings, analyzing and approving transactions or covering workout clients; for transaction approval purposes, structured credit risk management teams are aligned to the respective products or specific risks to ascertain adequate product expertise – Where required, Deutsche Bank has established processes to manage credit exposures at a legal entity or regional level To meet the requirements of Article 190 CRR, Deutsche Bank has allocated the various control requirements for the credit processes to units best suited to perform such controls Climate and environmental risks are integrated across the different stages of the credit lifecycle including transaction approval / client onboarding, risk classification and credit ratings, portfolio analysis and monitoring and, collateral valuation. Climate and environmental risks are incorporated into the