Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 335

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 335
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 Bank´s operational risk RWA increased by € 0.9 billion, mainly driven by increased internal losses as well as the adverse development of external losses feeding into the capital model. Market risk RWA decreased by € 2.5 billion, primarily driven by Value-at-Risk component due to overall lower market volatility and reduced risk levels, which also resulted in a reduction of the Stressed-Value-at-Risk (SVaR) and the incremental risk charge components. Credit valuation adjustment RWA decreased by € 1.8 billion, mainly driven by a movement in risk levels and a reduction from market data changes.

| 109 |

| Deutsche Bank      |
| Annual Report 2024 |

The tables below provide an analysis of key drivers for risk-weighted asset movements observed for credit risk, credit valuation adjustments as well as market and operational risk in the reporting period. They also show the corresponding movements in minimum capital requirements, which are 8% of RWA. Development of risk-weighted assets for Credit Risk including Counterparty Credit Risk

|                                            |     |    Dec 31, 2024 |     |                     |     |    Dec 31, 2023 |     |                     |
|:-------------------------------------------|:----|----------------:|:----|--------------------:|:----|----------------:|:----|--------------------:|
| in € m.                                    |     | Credit risk RWA |     | Capitalrequirements |     | Credit risk RWA |     | Capitalrequirements |
| Credit risk RWA balance, beginning of year |     |         265,789 |     |              21,263 |     |         269,214 |     |              21,537 |
| Book size                                  |     |           4,944 |     |                 396 |     |          -3,694 |     |                -296 |
| Book quality                               |     |          -7,793 |     |                -623 |     |            -886 |     |                 -71 |
| Model updates                              |     |           3,668 |     |                 293 |     |             298 |     |                  24 |
| Methodology and policy                     |     |           3,443 |     |                 275 |     |           5,831 |     |                 466 |
| Acquisition and disposals                  |     |               0 |     |                   0 |     |             571 |     |                  46 |
| Foreign exchange movements