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Risk Report - Credit Risk Exposure (Tables)
 12 Months Ended
Dec. 31, 2022
Credit Risk Exposure [Abstract]  
Main Credit Exposure Categories by Business Divisions [text block table]
Main Credit Exposure Categories by Business Divisions
Dec 31, 2022
Loans
Off-balance sheet
OTC derivatives
in € m.
at amortized cost1
trading -
at fair value
through P&L
Designated /
mandatory at
fair value
through P&L
at fair value
through OCI2
Revocable and
irrevocable
lending
commitments3
Contingent
liabilities
at fair value
through P&L4
Corporate Bank
121,543
497
312
3,797
155,299
61,134
72
Investment Bank
103,072
7,198
883
272
51,299
3,515
24,353
Private Bank
264,893
7
7
0
43,737
2,503
388
Asset Management
23
0
0
0
92
9
0
Capital Release Unit
1,753
253
3
0
39
25
3,767
Corporate & Other
4,694
0
0
0
555
27
387
Total
495,979
7,955
1,205
4,069
251,021
67,214
28,967
…
Dec 31, 2022
Debt Securities
Repo and repo-style transactions7
Total
in € m.
at amortized cost5
at fair value
through P&L
at fair value
through OCI6
at amortized cost
at fair value
through P&L
at fair value
through OCI
Corporate Bank
617
12
0
1,042
0
0
344,326
Investment Bank
4,800
82,947
1,606
10,437
74,662
0
365,045
Private Bank
804
3
2
0
0
0
312,345
Asset Management
0
3,728
80
0
0
0
3,932
Capital Release Unit
0
141
0
0
103
0
6,083
Corporate & Other
19,375
1,193
23,763
0
6,504
2,156
58,655
Total
25,596
88,025
25,450
11,479
81,270
2,156
1,090,386
1 Includes stage 3 and stage 3 POCI loans at amortized cost amounting to € 12.2 billion as of December 31, 2022
2 Includes stage 3 and stage 3 POCI loans at fair value through OCI amounting to € 54.9 million as of December 31, 2022
3 Includes stage 3 and stage 3 POCI off-balance sheet exposure amounting to € 2.6 billion as of December 31, 2022
4 Includes the effect of netting agreements and cash collateral received where applicable. Excludes derivatives qualifying for hedge accounting
5 Includes stage 3 and stage 3 POCI debt securities at amortized cost amounting to € 327.6 million as of December 31, 2022
6 Includes stage 3 and stage 3 POCI debt securities at fair value through OCI amounting to € 15.1 million as of December 31, 2022
7 Before reflection of collateral and limited to securities purchased under resale agreements and securities borrowed
Dec 31, 2021
Loans
Off-balance sheet
OTC derivatives
in € m.
at amortized cost1
trading -
at fair value
through P&L
Designated /
mandatory at
fair value
through P&L
at fair value
through OCI2
Revocable and
irrevocable
lending
commitments3
Contingent
liabilities
at fair value
through P&L4
Corporate Bank
122,310
255
311
4,169
143,2448
55,560
190
Investment Bank
92,966
8,590
702
202
50,768
1,764
17,416
Private Bank
254,439
0
7
0
39,660
1,883
524
Asset Management
23
0
1
0
110
9
0
Capital Release Unit
2,222
344
15
0
41
31
5,813
Corporate & Other
4,867
0
0
0
608
146
203
Total
476,827
9,189
1,035
4,370
234,432
59,394
24,146
…
Dec 31, 2021
Debt Securities
Repo and repo-style transactions7
Total
in € m.
at amortized cost5
at fair value
through P&L
at fair value
through OCI6
at amortized cost
at fair value
through P&L
at fair value
through OCI
Corporate Bank
839
15
0
862
0
0
327,753
Investment Bank
3,332
88,692
1,045
6,692
74,441
0
346,609
Private Bank
525
1
2
0
0
0
297,041
Asset Management
0
3,582
154
0
0
0
3,879
Capital Release Unit
0
625
0
0
3,397
0
12,489
Corporate & Other
10,154
2,452
22,177
879
448
1,231
43,166
Total
14,849
95,367
23,377
8,433
78,286
1,231
1,030,937
1 Includes stage 3 and stage 3 POCI loans at amortized cost amounting to € 12.4 billion as of December 31, 2021
2 Includes stage 3 and stage 3 POCI loans at fair value through OCI amounting to € 28.1 million as of December 31, 2021
3 Includes stage 3 and stage 3 POCI off-balance sheet exposure amounting to € 2.6 billion as of December 31, 2021
4 Includes the effect of netting agreements and cash collateral received where applicable. Excludes derivatives qualifying for hedge accounting
5 Includes stage 3 and stage 3 POCI debt securities at amortized cost amounting to € 368.2 million as of December 31, 2021
6 Includes stage 3 and stage 3 POCI debt securities at fair value through OCI amounting to € 15.8 million as of December 31, 2021
7 Before reflection of collateral and limited to securities purchased under resale agreements and securities borrowed
8 Prior year’s comparatives aligned to presentation in the current year
Main Credit Exposure Categories by Industry Sectors [text block table]
Dec 31, 2022
Loans
Off-balance sheet
OTC derivatives
in € m.
at amortized
cost1
trading -
at fair value
through P&L
Designated /
mandatory at
fair value
through P&L
at fair value
through OCI2
Revocable and
irrevocable
lending
commitments3
Contingent
liabilities
at fair value
through P&L4
Agriculture, forestry and fishing
524
2
0
0
275
17
2
Mining and quarrying
2,392
248
40
0
5,636
2,644
41
Manufacturing
30,534
380
7
1,431
58,584
13,053
1,863
Electricity, gas, steam and air conditioning supply
4,893
107
75
28
6,479
3,779
145
Water supply, sewerage, waste management and remediation activities
725
0
0
0
457
158
245
Construction
4,239
233
0
21
3,198
2,927
75
Wholesale and retail trade, repair of motor vehicles and motorcycles
21,535
224
39
806
16,947
6,795
570
Transport and storage
5,547
409
22
90
6,254
1,061
170
Accommodation and food service activities
1,965
7
0
0
1,137
110
14
Information and communication
7,002
489
62
231
14,567
3,317
960
Financial and insurance activities⁸
116,558
3,186
620
969
74,787
28,173
22,881
Real estate activities⁹
47,973
1,556
101
41
7,251
192
452
Professional, scientific and technical activities
7,013
124
0
0
5,070
2,309
108
Administrative and support service activities
7,470
199
192
62
5,101
1,062
413
Public administration and defense, compulsory social security
5,287
552
10
128
6,767
60
398
Education
249
0
0
0
125
53
169
Human health services and social work activities
4,523
31
0
0
1,898
146
36
Arts, entertainment and recreation
1,128
1
0
50
1,507
106
83
Other service activities
5,324
206
39
210
4,037
793
68
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
221,098
0
0
1
30,943
455
189
Activities of extraterritorial organizations and bodies
1
0
0
0
0
2
85
Total
495,979
7,955
1,205
4,069
251,021
67,214
28,967
Dec 31, 2022
Debt Securities
Repo and repo-style transactions7
Total
in € m.
at amortized cost5
at fair value
through P&L
at fair value
through OCI6
at amortized cost
at fair value
through P&L
at fair value
through OCI
Agriculture, forestry and fishing
0
8
0
0
0
0
828
Mining and quarrying
34
362
2
0
0
0
11,398
Manufacturing
64
983
41
0
0
0
106,939
Electricity, gas, steam and air conditioning supply
78
732
35
1,515
0
0
17,867
Water supply, sewerage, waste management and remediation activities
0
23
0
0
0
0
1,609
Construction
29
621
1
0
0
0
11,344
Wholesale and retail trade, repair of motor vehicles and motorcycles
0
357
2
0
0
0
47,275
Transport and storage
117
537
14
0
0
0
14,220
Accommodation and food service activities
0
26
0
0
0
0
3,259
Information and communication
108
579
2
0
0
0
27,317
Financial and insurance activities⁸
4,669
18,440
4,421
9,965
75,497
2,156
362,322
Real estate activities⁹
405
1,703
548
0
0
0
60,222
Professional, scientific and technical activities
27
206
115
0
0
0
14,973
Administrative and support service activities
39
268
5
0
0
0
14,811
Public administration and defense, compulsory social security
19,782
59,291
19,991
0
5,768
0
118,034
Education
0
113
17
0
0
0
727
Human health services and social work activities
88
49
12
0
0
0
6,783
Arts, entertainment and recreation
0
125
0
0
0
0
3,001
Other service activities
115
2,636
18
0
4
0
13,449
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
0
0
0
0
0
0
252,687
Activities of extraterritorial organizations and bodies
40
964
229
0
0
0
1,322
Total
25,596
88,025
25,450
11,479
81,270
2,156
1,090,386
1 Includes stage 3 and stage 3 POCI loans at amortized cost amounting to € 12.2 billion as of December 31, 2022
2 Includes stage 3 and stage 3 POCI loans at fair value through OCI amounting to € 54.9 million as of December 31, 2022
3 Includes stage 3 and stage 3 POCI off-balance sheet exposure amounting to € 2.6 billion as of December 31, 2022
4 Includes the effect of netting agreements and cash collateral received where applicable. Excludes derivatives qualifying for hedge accounting
5 Includes stage 3 and stage 3 POCI debt securities at amortized cost amounting to € 327.6 million as of December 31, 2022
6 Includes stage 3 and stage 3 POCI debt securities at fair value through OCI amounting to € 15.1 million as of December 31, 2022
7 Before reflection of collateral and limited to securities purchased under resale agreements and securities borrowed
8 Includes exposure to Corporates including Holding Companies of € 85 billion, Asset-Backed Securities of € 43 billion, Banks of € 54 billion, Insurance of € 15 billion, Financial Intermediaries of € 22 billion and Public Sector of € 13 billion, all based on internal client classification
9 Non-recourse Commercial Real Estate ‘focus’ portfolio is € 33 billion
Dec 31, 2021
Loans
Off-balance sheet
OTC derivatives
in € m.
at amortized cost1
trading -
at fair value
through P&L
Designated /
mandatory at
fair value
through P&L
at fair value
through OCI2
Revocable and
irrevocable
lending
commitments3
Contingent
liabilities
at fair value
through P&L4
Agriculture, forestry and fishing
645
2
0
0
593
36
3
Mining and quarrying
2,783
190
0
33
5,220
1,893
32
Manufacturing
35,404
348
26
1,042
51,706
11,612
5,034
Electricity, gas, steam and air conditioning supply
4,548
226
46
0
5,068
2,807
360
Water supply, sewerage, waste management and remediation activities
681
0
0
0
484
175
67
Construction
4,374
234
2
40
2,939
2,714
256
Wholesale and retail trade, repair of motor vehicles and motorcycles
21,285
196
34
930
16,368
7,135
298
Transport and storage
5,330
334
87
316
5,729
947
515
Accommodation and food service activities
2,259
5
0
8
1,308
136
7
Information and communication
6,363
286
80
658
13,837
2,896
924
Financial and insurance activities⁸
106,343
3,219
578
1,099
68,41410
24,361
13,369
Real estate activities⁹
40,629
2,478
30
83
6,486
208
822
Professional, scientific and technical activities
6,959
63
0
0
5,245
2,147
85
Administrative and support service activities
9,759
472
71
22
5,114
816
496
Public administration and defense, compulsory social security
6,183
757
12
124
6,51910
105
1,037
Education
225
0
0
0
132
56
255
Human health services and social work activities
3,869
111
25
0
1,646
141
157
Arts, entertainment and recreation
1,062
6
0
0
1,899
88
56
Other service activities
4,941
262
44
14
4,790
810
91
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
213,184
0
0
1
30,934
311
253
Activities of extraterritorial organizations and bodies
1
0
0
0
0
2
31
Total
476,827
9,189
1,035
4,370
234,432
59,394
24,146
Dec 31, 2021
Debt Securities
Repo and repo-style transactions7
Total
in € m.
at amortized cost5
at fair value
through P&L
at fair value
through OCI6
at amortized cost
at fair value
through P&L
at fair value
through OCI
Agriculture, forestry and fishing
0
12
0
0
0
0
1,291
Mining and quarrying
4
371
2
0
0
0
10,529
Manufacturing
4
1,746
37
0
0
0
106,960
Electricity, gas, steam and air conditioning supply
15
601
1
0
0
0
13,669
Water supply, sewerage, waste management and remediation activities
0
22
0
0
0
0
1,429
Construction
60
456
10
0
0
0
11,086
Wholesale and retail trade, repair of motor vehicles and motorcycles
6
335
2
0
0
0
46,589
Transport and storage
306
888
1
0
0
0
14,452
Accommodation and food service activities
0
91
0
0
0
0
3,814
Information and communication
78
1,007
9
0
0
0
26,137
Financial and insurance activities⁸
3,542
18,588
4,511
8,428
76,317
1,231
330,001
Real estate activities⁹
381
2,405
129
0
0
0
53,650
Professional, scientific and technical activities
28
176
157
0
0
0
14,860
Administrative and support service activities
27
323
3
0
0
0
17,103
Public administration and defense, compulsory social security
10,185
63,108
18,216
0
1,957
0
108,203
Education
0
275
0
0
0
0
942
Human health services and social work activities
0
468
0
0
0
0
6,417
Arts, entertainment and recreation
0
131
0
0
0
0
3,241
Other service activities
174
2,693
14
5
12
0
13,849
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
0
0
0
0
0
0
244,683
Activities of extraterritorial organizations and bodies
40
1,671
287
0
0
0
2,032
Total
14,849
95,367
23,377
8,433
78,286
1,231
1,030,937
1 Includes stage 3 and stage 3 POCI loans at amortized cost amounting to € 12.4 billion as of December 31, 2021
2 Includes stage 3 and stage 3 POCI loans at fair value through OCI amounting to € 28.1 million as of December 31, 2021
3 Includes stage 3 and stage 3 POCI off-balance sheet exposure amounting to € 2.6 billion as of December 31, 2021
4 Includes the effect of netting agreements and cash collateral received where applicable. Excludes derivatives qualifying for hedge accounting
5 Includes stage 3 and stage 3 POCI debt securities at amortized cost amounting to € 368.2 million as of December 31, 2021
6 Includes stage 3 and stage 3 POCI debt securities at fair value through OCI amounting to € 15.8 million as of December 31, 2021
7 Before reflection of collateral and limited to securities purchased under resale agreements and securities borrowed
8 Includes exposure to Corporates including Holding Companies of € 79 billion, Asset-Backed Securities of € 37 billion, Banks of € 49 billion, Insurance of € 11 billion, Financial Intermediaries of € 23 billion and Public Sector of € 11 billion, all based on internal client classification
9 Non-recourse Commercial Real Estate ‘focus’ portfolio is € 31 billion
10 Prior year’s comparatives aligned to presentation in the current year
Main credit exposure categories by geographical region [text block table]
Main credit exposure categories by geographical region
Dec 31, 2022
Loans
Off-balance sheet
OTC derivatives
in € m.
at amortized cost1
trading -
at fair value
through P&L
Designated /
mandatory at
fair value
through P&L
at fair value
through OCI2
Revocable
and irrevo-
cable lending
commitments3
Contingent
liabilities
at fair value
through P&L4
Europe
346,395
2,647
724
1,708
142,035
41,773
19,294
Of which:
Germany
242,180
444
42
462
80,857
16,364
4,872
United Kingdom
7,937
184
229
329
9,759
4,067
6,673
France
3,696
99
75
70
7,264
2,095
1,364
Luxembourg
15,472
400
67
124
7,525
747
855
Italy
24,578
145
8
25
3,709
5,354
291
Netherlands
9,009
165
45
200
8,279
2,519
1,404
Spain
17,429
326
8
107
3,460
4,037
503
Ireland
5,234
125
234
129
3,234
266
565
Switzerland
6,772
32
0
117
7,277
2,897
294
Poland
2,324
0
0
26
758
190
7
Belgium
1,532
12
0
77
1,730
571
193
Russian Federation⁸
537
18
0
41
75
64
0
Ukraine⁸
44
2709
0
0
3
5
0
Other Europe⁸
9,650
428
16
0
8,105
2,598
2,274
North America
101,736
2,998
350
1,687
98,137
11,766
5,542
Of which:
U.S.
87,794
2,713
290
1,520
92,551
10,585
4,485
Cayman Islands
5,202
103
4
23
2,026
445
419
Canada
1,919
78
2
118
1,884
463
372
Other North America
6,821
104
54
25
1,676
274
266
Asia/Pacific
39,502
1,517
109
602
9,268
12,507
3,910
Of which:
Japan
1,349
120
46
22
589
487
374
Australia
2,964
196
0
0
2,478
769
259
India
7,861
27
3
23
1,154
3,408
179
China
4,189
3
12
3
407
1,583
591
Singapore
5,402
390
22
164
1,408
1,258
277
Hong Kong
2,525
84
0
40
695
846
357
Other Asia/Pacific
15,213
698
25
351
2,537
4,154
1,873
Other geographical areas
8,346
793
22
72
1,580
1,168
222
Total
495,979
7,955
1,205
4,069
251,021
67,214
28,967
Dec 31, 2022
Debt Securities
Repo and repo-style transactions7
Total
in € m.
at amortized cost5
at fair value
through P&L
at fair value
through OCI6
at amortized cost
at fair value
through P&L
at fair value
through OCI
Europe
10,218
40,948
7,321
4,912
26,494
418
644,886
Of which:
Germany
701
7,968
672
1,795
3,035
12
359,403
United Kingdom
1,212
8,399
708
585
8,519
0
48,598
France
0
6,161
870
6
7,337
0
29,038
Luxembourg
0
1,816
702
0
549
0
28,257
Italy
4,868
3,570
953
200
480
0
44,180
Netherlands
0
2,057
24
177
212
0
24,091
Spain
1,486
3,390
1
1,485
24
0
32,256
Ireland
1,270
1,543
4
0
1,346
0
13,948
Switzerland
0
491
2
0
215
0
18,096
Poland
0
113
2,944
0
149
0
6,511
Belgium
40
2,271
342
0
1
0
6,769
Russian Federation⁸
0
15
0
0
0
0
750
Ukraine⁸
0
17
0
0
0
0
339
Other Europe⁸
643
3,139
99
664
4,628
406
32,651
North America
12,359
24,416
14,616
4,365
43,893
0
321,863
Of which:
U.S.
12,340
23,644
14,359
976
21,484
0
272,741
Cayman Islands
0
276
0
3,389
17,904
0
29,790
Canada
0
350
180
0
4,494
0
9,859
Other North America
19
146
77
0
11
0
9,473
Asia/Pacific
2,878
19,347
3,344
2,126
10,652
1,301
107,063
Of which:
Japan
25
2,759
481
284
6,374
0
12,909
Australia
1,989
1,328
315
0
946
0
11,243
India
481
4,856
49
0
6
1,012
19,058
China
0
1,384
209
0
292
0
8,675
Singapore
0
847
159
0
210
0
10,136
Hong Kong
186
559
254
0
64
0
5,611
Other Asia/Pacific
196
7,613
1,877
1,842
2,761
290
39,430
Other geographical areas
141
3,314
170
77
232
437
16,573
Total
25,596
88,025
25,450
11,479
81,270
2,156
1,090,386
1 Includes stage 3 and stage 3 POCI loans at amortized cost amounting to € 12.2 billion as of December 31, 2022
2 Includes stage 3 and stage 3 POCI loans at fair value through OCI amounting to € 54.9 million as of December 31, 2022
3 Includes stage 3 and stage 3 POCI off-balance sheet exposure amounting to € 2.6 billion as of December 31, 2022
4 Includes the effect of netting agreements and cash collateral received where applicable. Excludes derivatives qualifying for hedge accounting
5 Includes stage 3 and stage 3 POCI debt securities at amortized cost amounting to € 327.6 million as of December 31, 2022
6 Includes stage 3 and stage 3 POCI debt securities at fair value through OCI amounting to € 15.1 million as of December 31, 2022
7 Before reflection of collateral and limited to securities purchased under resale agreements and securities borrowed
8 Thematic addition on back of the ongoing border conflict between the Russian Federation and Ukraine
9
Ukraine trading loan exposure driven by financing, materially guaranteed by supranational development bank. Net exposure considering broader risk mitigation structure is deminimis
Dec 31, 2021
Loans
Off-balance sheet
OTC derivatives
in € m.
at amortized cost1
trading -
at fair value
through P&L
Designated /
mandatory at
fair value
through P&L
at fair value
through OCI2
Revocable
and irrevo-
cable lending
commitments3
Contingent
liabilities
at fair value
through P&L4
Europe
342,179
3,411
702
1,365
136,446
35,814
13,525
Of which:
Germany
236,139
407
20
173
79,78710
14,388
1,535
United Kingdom
6,331
529
243
297
8,851
2,796
4,480
France
3,581
59
2
55
6,840
2,179
925
Luxembourg
14,195
517
82
53
7,74310
713
646
Italy
24,316
227
9
0
3,484
4,510
398
Netherlands
9,383
137
102
384
8,391
2,237
1,226
Spain
16,283
246
0
43
3,215
3,464
668
Ireland
4,652
262
234
72
2,687
210
549
Switzerland
13,083
34
0
110
6,156
2,710
145
Poland
2,293
0
0
16
401
116
14
Belgium
1,426
5
0
76
1,724
578
212
Russian Federation⁸
806
54
0
51
629
209
27
Ukraine⁸
109
4419
0
0
3
22
0
Other Europe⁸ ¹¹
9,583
492
10
37
6,535
1,683
2,700
North America
87,628
3,904
132
2,060
87,422
9,411
7,853
Of which:
U.S.
73,007
3,156
91
1,836
83,05010
8,685
6,839
Cayman Islands
5,709
157
3
0
1,555
80
396
Canada
935
291
0
200
1,977
419
218
Other North America
7,976
301
37
24
839
227
401
Asia/Pacific
40,093
944
185
874
9,151
12,786
2,605
Of which:
Japan
1,921
62
108
48
608
519
656
Australia
2,112
264
25
0
2,248
532
257
India
7,948
4
6
18
920
3,440
95
China
5,606
9
0
42
480
1,913
554
Singapore
5,750
127
23
135
1,157
1,566
157
Hong Kong
3,146
89
0
51
1,258
752
181
Other Asia/Pacific
13,610
390
23
581
2,480
4,064
706
Other geographical areas
6,926
931
16
71
1,414
1,383
163
Total
476,827
9,189
1,035
4,370
234,432
59,394
24,146
Dec 31, 2021
Debt Securities
Repo and repo-style transactions7
Total
in € m.
at amortized cost5
at fair value
through P&L
at fair value
through OCI6
at amortized cost
at fair value
through P&L
at fair value
through OCI
Europe
3,464
45,063
7,578
2,745
32,525
484
625,300
Of which:
Germany
548
7,152
932
274
3,301
32
344,687
United Kingdom
951
8,604
1,151
571
8,824
0
43,628
France
0
6,482
1,411
5
12,910
0
34,448
Luxembourg
57
2,471
497
0
971
0
27,944
Italy
314
3,655
315
85
729
0
38,042
Netherlands
212
2,157
51
29
38
0
24,347
Spain
74
7,193
199
1,126
500
0
33,012
Ireland
1,143
1,264
3
2
3,158
0
14,237
Switzerland
3
583
4
0
140
0
22,968
Poland
0
73
1,870
0
76
0
4,859
Belgium
33
1,932
805
0
7
0
6,798
Russian Federation⁸
0
14
36
0
0
0
1,826
Ukraine⁸
0
2
29
0
0
0
606
Other Europe⁸ ¹¹
130
3,481
274
653
1,870
452
27,900
North America
8,618
26,899
10,363
2,551
38,688
0
285,528
Of which:
U.S.
8,600
25,959
10,059
517
26,173
0
247,972
Cayman Islands
0
238
0
2,034
11,679
0
21,851
Canada
0
476
235
0
834
0
5,586
Other North America
18
225
69
0
3
0
10,119
Asia/Pacific
2,718
21,369
5,053
2,868
7,000
508
106,154
Of which:
Japan
25
2,951
556
0
3,672
0
11,127
Australia
1,597
1,726
510
0
515
0
9,787
India
617
5,067
944
0
253
360
19,670
China
16
1,576
560
0
594
0
11,349
Singapore
9
860
246
0
107
0
10,136
Hong Kong
213
742
246
0
184
0
6,861
Other Asia/Pacific
242
8,447
1,990
2,868
1,675
147
37,224
Other geographical areas
49
2,037
384
268
72
240
13,954
Total
14,849
95,367
23,377
8,433
78,286
1,231
1,030,936
1 Includes stage 3 and stage 3 POCI loans at amortized cost amounting to € 12.4 billion as of December 31, 2021
2 Includes stage 3 and stage 3 POCI loans at fair value through OCI amounting to € 28.1 million as of December 31, 2021
3 Includes stage 3 and stage 3 POCI off-balance sheet exposure amounting to € 2.6 billion as of December 31, 2021
4Includes the effect of netting agreements and cash collateral received where applicable. Excludes derivatives qualifying for hedge accounting
5 Includes stage 3 and stage 3 POCI debt securities at amortized cost amounting to € 368.2 million as of December 31, 2021
6 Includes stage 3 and stage 3 POCI debt securities at fair value through OCI amounting to € 15.8 million as of December 31, 2021
7 Before reflection of collateral and limited to securities purchased under resale agreements and securities borrowed
8 Thematic addition on back of the ongoing border conflict between the Russian Federation and Ukraine
9Ukraine trading loan exposure driven by financing, materially guaranteed by supranational development bank. Net exposure considering broader risk mitigation structure is deminimis
10 Prior year’s comparatives aligned to presentation in the current year
11Other Europe inclued Belarus with a total exposure of less than € 2 million
Maximum Exposure to Credit Risk [text block table]
Maximum Exposure to Credit Risk
Dec 31, 2022
Credit Enhancements
in € m.
Maximum
exposure
to credit risk1
Subject to
impairment
Netting
Collateral
Guarantees
and Credit
derivatives2
Total credit
enhancements
Financial assets at amortized cost3
Cash and central bank balances
178,897
178,897
−
0
−
0
Interbank balances (w/o central banks)
7,199
7,199
−
0
0
0
Central bank funds sold and securities purchased under resale agreements
11,479
11,479
700
10,771
−
11,471
Securities borrowed
0
0
−
0
−
0
Loans
495,979
495,979
−
269,428
38,899
308,327
Other assets subject to credit risk4,5
98,336
93,221
29,171
871
317
30,359
Total financial assets at amortized cost3
791,891
786,776
29,871
281,070
39,216
350,158
Financial assets at fair value through profit or loss6
Trading assets
90,180
−
−
1,573
1,264
2,837
Positive market values from derivative financial instruments
299,856
−
227,361
53,290
6
280,657
Non-trading financial assets mandatory at fair value through profit or loss
88,799
−
2,480
78,920
69
81,469
Of which:
Securities purchased under resale agreement
63,855
−
2,480
61,376
0
63,855
Securities borrowed
17,414
−
−
17,300
0
17,300
Loans
1,037
−
−
78
46
124
Financial assets designated at fair value through profit or loss
168
−
−
0
94
94
Total financial assets at fair value through profit or loss
479,002
−
229,841
133,783
1,433
365,057
Financial assets at fair value through OCI
31,675
31,675
0
2,622
879
3,500
Of which:
Securities purchased under resale agreement
2,156
2,156
−
1,732
0
1,732
Securities borrowed
0
0
−
0
0
0
Loans
4,069
4,069
−
11
879
890
Total financial assets at fair value through OCI
31,675
31,675
−
2,622
879
3,500
Financial guarantees and other credit related contingent liabilities7
67,214
67,214
−
4,738
7,482
12,220
Revocable and irrevocable lending commitments and other credit related commitments7
251,021
249,959
−
24,769
5,694
30,463
Total off-balance sheet
318,234
317,173
−
29,507
13,176
42,683
Maximum exposure to credit risk
1,620,803
1,135,624
259,712
446,982
54,704
761,398
1 Does not include credit derivative notional sold (€ 738,733 million) and credit derivative notional bought protection
2 Bought Credit protection is reflected with the notional of the underlying
3 All amounts at gross value before deductions of allowance for credit losses
4 All amounts at amortized cost (gross) except for qualifying hedge derivatives, which are reflected at Fair value through P&L
5 Includes Asset Held for Sale regardless of accounting classification
6 Excludes equities, other equity interests and commodities
7 Figures are reflected at notional amounts
Dec 31, 2021
Credit Enhancements
in € m.
Maximum
exposure
to credit risk1
Subject to
impairment
Netting
Collateral
Guarantees
and Credit
derivatives2
Total credit
enhancements
Financial assets at amortized cost3
Cash and central bank balances
192,025
192,025
−
0
−
0
Interbank balances (w/o central banks)
7,345
7,345
−
0
0
0
Central bank funds sold and securities purchased under resale agreements
8,370
8,370
−
8,070
−
8,070
Securities borrowed
63
63
−
63
−
63
Loans
476,827
476,827
−
247,109
33,353
280,462
Other assets subject to credit risk4,5
83,313
79,6698
30,639
709
206
31,555
Total financial assets at amortized cost3
767,942
764,298
30,639
255,951
33,559
320,149
Financial assets at fair value through profit or loss6
Trading assets
97,080
−
−
2,217
1,091
3,308
Positive market values from derivative financial instruments
299,732
−
238,412
41,692
37
280,140
Non-trading financial assets mandatory at fair value through profit or loss
87,873
−
2,176
75,960
187
78,324
Of which:
Securities purchased under resale agreement
59,931
−
2,176
57,755
0
59,931
Securities borrowed
18,355
−
−
17,978
0
17,978
Loans
895
−
−
190
187
378
Financial assets designated at fair value through profit or loss
140
−
−
0
82
82
Total financial assets at fair value through profit or loss
484,825
−
240,588
119,869
1,398
361,854
Financial assets at fair value through OCI
28,979
28,979
0
2,0978
891
2,988
Of which:
Securities purchased under resale agreement
1,231
1,231
−
1,1868
0
1,186
Securities borrowed
0
0
−
0
0
0
Loans
4,370
4,370
−
208
891
911
Total financial assets at fair value through OCI
28,979
28,979
−
2,097
891
2,988
Financial guarantees and other credit related contingent liabilities7
59,394
59,394
−
3,077
6,857
9,934
Revocable and irrevocable lending commitments and other credit related commitments7
234,4328
233,7548
−
18,545
5,888
24,433
Total off-balance sheet
293,825
293,148
−
21,622
12,746
34,368
Maximum exposure to credit risk
1,575,572
1,086,425
271,227
399,538
48,593
719,359
1 Does not include credit derivative notional sold (€ 491,407 million) and credit derivative notional bought protection
2 Bought Credit protection is reflected with the notional of the underlying
3 All amounts at gross value before deductions of allowance for credit losses
4 All amounts at amortized cost (gross) except for qualifying hedge derivatives, which are reflected at Fair value through P&L
5 Includes Asset Held for Sale regardless of accounting classification
6 Excludes equities, other equity interests and commodities
7 Figures are reflected at notional amounts
8 Prior year’s comparatives aligned to presentation in the current year