Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 70

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 70
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 social bonds, following which the bank issued its inaugural social bond of € 500 million with an orderbook size of over € 6.6 billion in July 2024.

| 43 |

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

Deutsche Bank Business segments Corporate Bank Corporate banking is an integral part of Deutsche Bank’s business. Corporate Bank’s capabilities in Cash Management, Trade Finance and Lending in close collaboration with Foreign Exchange in the Investment Bank enable the business segment to serve the core needs of its clients. As a leading bank serving multinational and German corporates domestically and abroad (source: EUROMONEY), the Corporate Bank helps clients in optimizing their working capital and liquidity, securing global supply chains and distribution channels and managing their risks. Furthermore, Corporate Bank acts as a specialized provider of services to financial institutions, offering Correspondent Banking, Trust and Agency Services as well as Securities Services. Finally, the business segment provides Business Banking services to small corporate and entrepreneur clients in Germany through a standardized product suite. Corporate Bank has defined a number of specific initiatives to capitalize on its core competencies across these different areas to grow revenues to achieve its targets. In particular, the business segment’s investments in new initiatives and experience in managing complex situations for clients, such as uncertainties associated with increasing geopolitical tensions, lower economic growth in some of the major operating countries as well as uncertainty around central bank policies, allow Corporate Bank to provide its advisory and solution services. In 2024, Corporate Bank continued to make progress on the business segment’s strategic objectives, notably growing commissions and fee income across all regions. Net interest income in deposit businesses remained resilient as ongoing deposit margin normalization was partly offset by higher deposit volumes and interest hedging. Corporate Bank has been awarded “World’s Best Bank for Corporates” in the Euromoney’s Awards for Excellence 2024 and also named “Best Bank for Corporates in Germany”. Additionally, Corporate Bank Germany was recognized by the 2024 FINANCE magazine survey as the best bank in corporate banking, number one Hausbank, number one in Cash Management/Payment Transactions and in Trade and Export Finance. The segment believes that these awards are a recognition of Corporate Bank’s deep client relationships and client centric solution offering. Looking ahead, Corporate Bank is expected to continue to act as an integral part of the Global Hausbankstrategy and contribute to Deutsche Bank’s 2025 objectives. The segment sees growth opportunities across all core client groups – Corporate, Institutional and Business Banking – both from existing Corporate Bank strengths