Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 268

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 268
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:----|------------------:|:----|:---------------------|:----|------------------:|
|                    |     | Upward sensitivity |     |                   |     | Downward sensitivity |     |                   |
|                    |     | Upward shift       |     | ECL impactin € m. |     | Downward shift       |     | ECL impactin € m. |
| GDP growth rates   |     | 1pp                |     |             -18.3 |     | (1)pp                |     |              19.3 |
| Unemployment rates |     | (0.5)pp            |     |             -19.5 |     | 0.5pp                |     |              20.6 |

|                    |     | December 31, 2023  |     |                   |     |                      |     |                   |
|:-------------------|:----|:-------------------|:----|------------------:|:----|:---------------------|:----|------------------:|
|                    |     | Upward sensitivity |     |                   |     | Downward sensitivity |     |                   |
|                    |     | Upward shift       |     | ECL impactin € m. |     | Downward shift       |     | ECL impactin € m. |
| GDP growth rates   |     | 1pp                |     |             -24.4 |     | (1)pp                |     |              26.3 |
| Unemployment rates |     | (0.5)pp            |     |             -22.4 |     | 0.5pp                |     |              23.3 |

Impact of lifetime expected credit losses for Stage 1 borrowers

As described above, the Group uses a mixture of quantitative and qualitative criteria to determine significant increase in credit risk which require, for affected borrowers, a move to lifetime ECL (Stage 2). If for all Stage 1 borrowers Deutsche Bank were to record lifetime expected credit losses, the Group’s allowance for credit losses amounting to € 6.2 billion as of December 31, 2024 and € 5.7 billion as of December 31, 2023 would increase by approximately 34 % as of year end 2024 and 38 % as of 2023, respectively.

Stage 3 LGD setting

The Group’s allowance for credit losses in Stage 3 for the homogeneous portfolios amounts