DEUTSCHE BANK AKTIENGESELLSCHAFT
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Mar 13, 2025
Contents
Restructuring –
Information on Subsidiaries
Composition of the Group
Deutsche Bank AG is the direct or indirect holding company for the Group’s subsidiaries.
The Group consists of 521 (2023:520) consolidated entities, thereof 229 (2023:212) consolidated structured entities.328 (2023:346) of the entities controlled by the Group are directly or indirectly held by the Group at 100 % of the ownership interests (share of capital). Third parties also hold ownership interests in 193 (2023:174) of the consolidated entities (noncontrolling interests). As of December 31, 2024, and 2023, one subsidiary has material noncontrolling interests. Noncontrolling interests for all other subsidiaries are neither individually nor cumulatively material to the Group.
Subsidiaries with material noncontrolling interests
| Dec 31, 2024 | Dec 31, 2023 | |
|---|---|---|
| DWS Group GmbH & Co. KGaA | ||
| Proportion of ownership interests and voting rights held by noncontrolling interests | 20.51 % | 20.51 % |
| Place of business | Global | Global |
| in € m | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
| Net income attributable to noncontrolling interests | 133 | 117 |
| Accumulated noncontrolling interests of the subsidiary | 1,546 | 1,620 |
| Dividends paid to noncontrolling interests | 250 | 84 |
| Summarized financial information: | ||
| Total assets | 11,871 | 11,683 |
| Total liabilities | 4,379 | 3,852 |
| Total net revenues | 2,765 | 2,614 |
| Net income (loss) | 652 | 567 |
| Total comprehensive income (loss), net of tax | 904 | 424 |
Significant restrictions to access or use the Group’s assets
Statutory, contractual or regulatory requirements as well as protective rights of noncontrolling interests might restrict the ability of the Group to access and transfer assets freely to or from other entities within the Group and to settle liabilities of the Group.
The following contractual restrictions impact the Group’s ability to use assets and the table below reflects the volume of those restricted assets:
– The Group has pledged assets to collateralize its obligations under repurchase agreements, securities financing transactions, collateralized loan obligations and for margining purposes for OTC derivative liabilities
– The assets of consolidated structured entities are held for the benefit of the parties that have bought the notes issued by these entities
Restricted assets
| Dec 31, 2024 | Dec 31, 2023 | |||
|---|---|---|---|---|
| in € m. | Totalassets | Restrictedassets | Totalassets | Restrictedassets |
| Interest-earning deposits with banks | 132,741 | 31 | 163,454 | 108 |
| Financial assets at fair value through profit or loss | 545,895 | 62,615 | 465,273 | 58,270 |
| Financial assets at fair value through other comprehensive income | 42,090 | 5,969 | 35,546 | 7,618 |
| Loans at amortized cost | 483,897 | 41,942 | 479,353 | 54,343 |
| Other | 186,409 | 3,206 | 173,641 | 7,920 |
| Total | 1,391,033 | 113,762 | 1,317,266 | 128,259 |
In addition to the above and in line with the regulation on Liquidity Coverage Ratio (Commission Delegated Regulation (EU) 2015/61), the Group identifies if assets held in third country are subject to restrictions to their free transferability. The Group identifies the volume of High-Quality Liquid Assets in excess of net cash outflows held in the third countries which are not freely transferable and excludes them from the HQLA. The aggregated amount of such HQLA that are held at entities in third countries and considered restricted is €20.5 billion as of December 31, 2024 (€13.3 billion as of December 31, 2023).
Deutsche Bank
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