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Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2020
Allowance for Credit Losses [Abstract]  
Allowance for Credit Losses [text block table]

Development of allowance for credit losses for financial assets at amortized cost

Six months ended Jun 30, 2020

Allowance for credit losses³

in € m.

Stage 1

Stage 2

Stage 3

Stage 3 POCI

Total

Balance, beginning of year

549

492

3,015

36

4,093

Movements in financial assets including new business

108

401

668

71

1,248

Transfers due to changes in creditworthiness

39

(93)

54

N/M

0

Changes due to modifications that did not result in
derecognition

N/M

N/M

N/M

N/M

N/M

Changes in models

0

0

0

0

0

Financial assets that have been derecognized during the period²

0

0

(280)

0

(280)

Recovery of written off amounts

0

0

23

0

23

Foreign exchange and other changes

(14)

(5)

(43)

14

(47)

Balance, end of reporting period

683

796

3,438

121

5,037

Provision for credit losses excluding country risk¹,4

148

308

722

71

1,248

1Movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models add up to Provision for Credit Losses excluding country risk.

2 This position includes charge offs of allowance for credit losses.

3Allowance for credit losses does not include allowance for country risk amounting to € 5 million as of June 30, 2020.

4 Credit Loss Provision does include € 42 million reimbursement gain as of June 30, 2020.

Six months ended Jun 30, 2019

Allowance for credit losses³

in € m.

Stage 1

Stage 2

Stage 3

Stage 3 POCI

Total

Balance, beginning of year

509

501

3,247

3

4,259

Movements in financial assets including new business

(13)

110

171

23

291

Transfers due to changes in creditworthiness

64

(69)

5

N/M

0

Changes due to modifications that did not result in
derecognition

N/M

N/M

N/M

N/M

N/M

Changes in models

0

0

0

0

0

Financial assets that have been derecognized during the period²

0

0

(463)

0

(463)

Recovery of written off amounts

0

0

41

0

41

Foreign exchange and other changes

(4)

(8)

(5)

12

(5)

Balance, end of reporting period

556

534

2,996

37

4,123

Provision for credit losses excluding country risk¹

52

41

176

23

291

1The above table breaks down the impact on provision for credit losses from movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models.

2 This position includes charge offs of allowance for credit losses.

3Allowance for credit losses does not include allowance for country risk amounting to € 3 million as of June 30, 2019.
Allowance for Off-Balance Sheet Positions [text block table]

Development of allowance for credit losses for off-balance sheet positions

Six months ended Jun 30, 2020

Allowance for credit losses²

in € m.

Stage 1

Stage 2

Stage 3

Stage 3 POCI

Total

Balance, beginning of year

128

48

166

0

342

Movements including new business

1

33

2

0

35

Transfers due to changes in creditworthiness

(2)

0

1

N/M

0

Changes in models

0

0

0

0

0

Foreign exchange and other changes

7

8

11

0

26

Balance, end of reporting period

134

89

180

0

403

Provision for credit losses excluding country risk¹

(1)

33

4

0

35

1The above table breaks down the impact on provision for credit losses from movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models.

2Allowance for credit losses does not include allowance for country risk amounting to € 4 million as of June 30, 2020.

Six months ended Jun 30, 2019

Allowance for credit losses²

in € m.

Stage 1

Stage 2

Stage 3

Stage 3 POCI

Total

Balance, beginning of year

132

73

84

0

289

Movements including new business

2

6

3

0

12

Transfers due to changes in creditworthiness

4

(7)

3

N/M

0

Changes in models

0

0

0

0

0

Foreign exchange and other changes

0

0

(0)

0

1

Balance, end of reporting period

139

73

90

0

301

Provision for credit losses excluding country risk¹

6

(0)

5

0

12

1The above table breaks down the impact on provision for credit losses from movements in financial assets including new business, transfers due to changes in creditworthiness and changes in models.

2Allowance for credit losses does not include allowance for country risk amounting to € 5 million as of June 30, 2019.
Allowances - IFRS 9 Impairment Approach Forward Looking Information

IFRS 9 - Forward Looking Information applied for the second quarter 2020

Year 1
(4 quarter avg)

Year 2
(4 quarter avg)

Year 3
(4 quarter avg)

Credit - ITX Europe 125

74.90

−

−

FX - EUR/USD

1.12

−

−

GDP - Eurozone

(7.80) %

6.54 %

1.80 %

GDP - Germany

(6.58) %

5.91 %

1.87 %

GDP - Italy

(9.57) %

7.34 %

1.60 %

GDP - USA

(5.02) %

6.03 %

2.65 %

Rate - US Treasury 2y

0.18 %

-

-

Unemployment - Eurozone

10.05 %

9.11 %

8.63 %

Unemployment - Germany

4.22 %

4.00 %

3.94 %

Unemployment - Italy

12.08 %

11.32 %

10.45 %

Unemployment - Spain

19.62 %

16.35 %

14.47 %

Unemployment - USA

10.55 %

7.19 %

6.18 %