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Risk Report - Credit Risk Exposure (Tables)
 12 Months Ended
Dec. 31, 2023
Credit Risk Exposure [Abstract]  
Main Credit Exposure Categories by Business Divisions [text block table]
Main Credit Exposure Categories by Business Divisions
Dec 31, 2023
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
116,732
456
303
4,393
158,490
59,781
55
Investment Bank
100,645
7,614
582
474
56,939
2,169
18,991
Private Bank
261,250
0
0
0
39,515
3,128
301
Asset Management
3
0
0
0
99
9
0
Corporate & Other
5,896
165
3
0
365
44
3,208
Total
484,527
8,235
887
4,867
255,409
65,131
22,555
…
Dec 31, 2023
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
294
19
0
595
0
0
341,118
Investment Bank
4,611
114,741
1,520
14,169
74,878
0
397,333
Private Bank
447
1
1
0
0
0
304,644
Asset Management
0
4,483
82
0
0
0
4,675
Corporate & Other
16,516
1,242
27,271
0
4,096
1,805
60,611
Total
21,868
120,485
28,874
14,764
78,973
1,805
1,108,381
1 Includes stage 3 and stage 3 POCI loans at amortized cost amounting to € 13.4 billion as of December 31, 2023
2 Includes stage 3 and stage 3 POCI loans at fair value through OCI amounting to € 44.2 million as of December 31, 2023
3 Includes stage 3 and stage 3 POCI off-balance sheet exposure amounting to € 2.3 billion as of December 31, 2023
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 € 39.5 million as of December 31, 2023
6 Includes stage 3 and stage 3 POCI debt securities at fair value through OCI amounting to € 1.5 million as of December 31, 2023
7 Before reflection of collateral and limited to securities purchased under resale agreements and securities borrowed
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
Corporate & Other
6,447
253
3
0
594
52
4,154
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
Corporate & Other
19,375
1,334
23,763
0
6,607
2,156
64,738
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
Main Credit Exposure Categories by Industry Sectors [text block table]
Dec 31, 2023
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
384
2
0
0
224
32
1
Mining and quarrying
2,774
230
126
0
4,893
1,409
47
Manufacturing
28,397
285
5
1,877
53,572
13,809
1,303
Electricity, gas, steam and air conditioning supply
4,081
307
75
272
6,475
2,967
142
Water supply, sewerage, waste management and remediation activities
486
0
0
0
523
148
38
Construction
4,257
217
1
20
2,965
3,060
7
Wholesale and retail trade, repair of motor vehicles and motorcycles
21,030
233
79
784
16,540
6,247
599
Transport and storage
4,924
616
13
63
6,088
1,108
173
Accommodation and food service activities
1,862
3
0
0
1,015
138
10
Information and communication
7,589
372
21
100
13,244
3,209
289
Financial and insurance activities⁸
110,901
3,840
276
1,281
90,138
28,491
18,176
Real estate activities⁹
49,267
1,302
103
122
7,061
183
304
Professional, scientific and technical activities
6,889
68
0
0
6,190
2,213
172
Administrative and support service activities
8,911
148
169
157
5,007
577
486
Public administration and defense, compulsory social security
5,731
364
10
27
6,759
123
303
Education
279
2
0
0
72
55
68
Human health services and social work activities
4,390
42
0
0
1,725
127
53
Arts, entertainment and recreation
1,017
22
0
33
1,402
102
49
Other service activities
5,302
183
10
130
4,534
850
165
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
216,055
0
0
1
26,981
282
140
Activities of extraterritorial organizations and bodies
0
0
0
0
0
2
29
Total
484,527
8,235
887
4,867
255,409
65,131
22,555
Dec 31, 2023
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
0
0
0
0
0
643
Mining and quarrying
46
486
2
0
0
0
10,012
Manufacturing
0
1,481
54
0
0
0
100,783
Electricity, gas, steam and air conditioning supply
175
776
20
0
0
0
15,289
Water supply, sewerage, waste management and remediation activities
29
26
0
0
0
0
1,250
Construction
130
387
133
0
0
0
11,177
Wholesale and retail trade, repair of motor vehicles and motorcycles
0
458
2
0
0
0
45,973
Transport and storage
66
481
15
0
0
0
13,548
Accommodation and food service activities
5
90
0
0
0
0
3,124
Information and communication
95
531
0
0
0
0
25,449
Financial and insurance activities⁸
4,639
25,416
4,789
14,695
76,785
1,805
381,232
Real estate activities⁹
227
1,159
546
69
0
0
60,343
Professional, scientific and technical activities
49
151
111
0
0
0
15,843
Administrative and support service activities
51
436
8
0
0
0
15,950
Public administration and defense, compulsory social security
15,907
83,791
22,725
0
2,154
0
137,893
Education
0
160
9
0
0
0
645
Human health services and social work activities
99
95
11
0
0
0
6,543
Arts, entertainment and recreation
0
58
0
0
0
0
2,683
Other service activities
146
3,028
151
0
34
0
14,531
Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use
0
0
0
0
0
0
243,459
Activities of extraterritorial organizations and bodies
205
1,476
298
0
0
0
2,010
Total
21,868
120,485
28,874
14,764
78,973
1,805
1,108,381
1 Includes stage 3 and stage 3 POCI loans at amortized cost amounting to € 13.4 billion as of December 31, 2023
2 Includes stage 3 and stage 3 POCI loans at fair value through OCI amounting to € 44.2 million as of December 31, 2023
3 Includes stage 3 and stage 3 POCI off-balance sheet exposure amounting to € 2.3 billion as of December 31, 2023
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 € 39.5 million as of December 31, 2023
6 Includes stage 3 and stage 3 POCI debt securities at fair value through OCI amounting to € 1.5 million as of December 31, 2023
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 € 96 billion, Asset-Backed Securities of € 44 billion, Banks of € 55 billion, Insurance of € 13 billion, Financial Intermediaries of € 10 billion and Public Sector of € 16 billion, all based on internal client classification
9 Non-recourse Commercial Real Estate portfolio based on Deutsche Bank’s definition is € 38 billion
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 portfolio based on Deutsche Bank’s definition is 39 billion
Main credit exposure categories by geographical region [text block table]
Main credit exposure categories by geographical region
Dec 31, 2023
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
338,507
2,906
516
1,698
148,778
39,716
14,814
Of which:
Germany
231,287
321
70
409
76,810
16,532
4,146
United Kingdom
8,323
239
97
252
13,175
3,102
4,834
France
4,587
76
75
317
7,868
1,876
694
Luxembourg
18,056
612
23
142
8,493
641
970
Italy
23,490
138
32
16
4,842
5,021
219
Netherlands
8,996
248
8
252
9,279
2,863
1,463
Spain
16,073
230
24
91
3,738
4,330
219
Ireland
5,273
331
184
87
4,237
351
542
Switzerland
6,827
37
1
0
8,206
2,558
355
Poland
2,617
0
0
16
2,569
176
6
Belgium
1,742
23
0
58
1,551
623
144
Russian Federation⁸
243
6
0
7
26
21
0
Ukraine⁸
8
2089
0
0
3
5
0
Other Europe⁸
10,984
435
2
50
7,981
1,617
1,222
North America
101,306
2,325
238
2,378
95,768
12,172
4,745
Of which:
U.S.
89,570
2,202
178
2,247
89,460
10,754
3,269
Cayman Islands
4,985
50
0
0
2,383
787
963
Canada
1,396
49
3
106
2,048
226
324
Other North America
5,356
24
56
24
1,877
405
188
Asia/Pacific
35,807
1,746
123
597
9,031
12,093
2,745
Of which:
Japan
1,404
328
34
10
481
451
459
Australia
3,203
250
0
0
2,652
830
153
India
7,576
78
88
23
921
3,774
53
China
4,254
1
0
22
413
1,442
762
Singapore
3,789
362
0
189
1,558
1,357
157
Hong Kong
2,259
64
0
82
836
607
242
Other Asia/Pacific
13,323
662
1
271
2,170
3,632
919
Other geographical areas
8,906
1,259
10
193
1,831
1,151
252
Total
484,527
8,235
887
4,867
255,409
65,131
22,555
Dec 31, 2023
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
9,682
52,205
12,884
6,021
17,184
395
645,306
Of which:
Germany
830
10,114
1,388
348
1,351
0
343,606
United Kingdom
240
10,475
1,504
461
3,773
0
46,476
France
0
7,756
2,901
657
5,100
0
31,906
Luxembourg
0
2,180
537
9
206
0
31,870
Italy
4,890
7,953
1,030
2,251
1,688
0
51,571
Netherlands
0
2,289
27
0
99
0
25,526
Spain
1,487
3,144
358
1,587
35
0
31,318
Ireland
1,563
1,269
7
0
960
0
14,804
Switzerland
0
1,289
1
0
225
0
19,499
Poland
0
473
2,899
0
98
0
8,852
Belgium
0
1,759
1,606
0
11
0
7,517
Russian Federation⁸
0
31
0
0
0
0
333
Ukraine⁸
0
73
7
0
0
0
305
Other Europe⁸
672
3,401
619
707
3,638
395
31,724
North America
9,433
32,184
11,503
5,855
47,782
0
325,688
Of which:
U.S.
9,415
31,042
11,320
2,979
14,357
0
266,793
Cayman Islands
0
495
0
2,876
33,284
0
45,823
Canada
0
546
183
0
54
0
4,936
Other North America
18
101
0
0
88
0
8,137
Asia/Pacific
2,428
31,297
4,295
2,620
13,860
858
117,499
Of which:
Japan
22
3,017
485
431
8,818
0
15,941
Australia
1,725
2,387
315
0
284
0
11,800
India
414
5,858
62
0
0
279
19,126
China
0
7,977
98
0
1,365
0
16,334
Singapore
0
1,396
665
0
683
0
10,156
Hong Kong
9
738
463
0
124
0
5,424
Other Asia/Pacific
258
9,922
2,206
2,189
2,587
579
38,718
Other geographical areas
325
4,799
191
268
148
552
19,887
Total
21,868
120,485
28,874
14,764
78,973
1,805
1,108,381
1 Includes stage 3 and stage 3 POCI loans at amortized cost amounting to € 13.4 billion as of December 31, 2023
2 Includes stage 3 and stage 3 POCI loans at fair value through OCI amounting to € 44.2 million as of December 31, 2023
3 Includes stage 3 and stage 3 POCI off-balance sheet exposure amounting to € 2.3 billion as of December 31, 2023
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 € 39.5 million as of December 31, 2023
6 Includes stage 3 and stage 3 POCI debt securities at fair value through OCI amounting to € 1.5 million as of December 31, 2023
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, 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
Maximum Exposure to Credit Risk [text block table]
Maximum Exposure to Credit Risk
Dec 31, 2023
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
178,424
178,424
−
0
−
0
Interbank balances (w/o central banks)
6,144
6,144
−
0
0
0
Central bank funds sold and securities purchased under resale agreements
14,725
14,725
−
13,761
−
13,761
Securities borrowed
39
39
−
33
−
33
Loans
484,527
484,527
−
260,047
42,191
302,239
Other assets subject to credit risk4,5
82,826
77,541
24,019
914
626
25,559
Total financial assets at amortized cost3
766,685
761,400
24,019
274,755
42,817
341,591
Financial assets at fair value through profit or loss6
Trading assets
122,841
−
−
1,458
951
2,408
Positive market values from derivative financial instruments
251,877
−
195,517
40,036
30
235,583
Non-trading financial assets mandatory at fair value through profit or loss
87,153
−
1,931
76,894
92
78,917
Of which:
Securities purchased under resale agreement
65,937
−
1,931
63,877
0
65,807
Securities borrowed
13,036
−
−
12,863
0
12,863
Loans
812
−
−
89
72
160
Financial assets designated at fair value through profit or loss
75
−
−
0
0
0
Total financial assets at fair value through profit or loss
461,946
−
197,447
118,388
1,072
316,908
Financial assets at fair value through OCI
35,546
35,546
0
2,744
988
3,732
Of which:
Securities purchased under resale agreement
1,805
1,805
−
1,740
0
1,740
Securities borrowed
0
0
−
0
0
0
Loans
4,867
4,867
−
16
976
991
Total financial assets at fair value through OCI
35,546
35,546
−
2,744
988
3,732
Financial guarantees and other credit related contingent liabilities7
65,131
64,798
−
4,127
7,136
11,263
Revocable and irrevocable lending commitments and other credit related commitments7
255,409
254,016
−
21,736
6,779
28,515
Total off-balance sheet
320,540
318,814
−
25,863
13,915
39,777
Maximum exposure to credit risk
1,584,717
1,115,760
221,466
421,750
58,792
702,008
1 Does not include credit derivative notional sold (€ 540,063 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, 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