“Having a clear view on the risk-return profile of our client relationships and transactions is key – and forms the base for strengthening our franchise business further, with a focus on the German and European market.”

Jens Thiele, Head of Corporates & Project Finance

Corporates

■ Corporates portfolio with mix of Corporates franchise business and diversifying granular Structured Portfolio Finance. Corporate Lending is split in German and International Corporates ■ Corporate Lending’s domestic portfolio focused on clients in Northern German region with comprehensive service approach and typically long-standing HCOB relationships ■ International part of Corporate Lending covers wider range of sectors from Leasing & Factoring, TMT to Healthcare and offers broad range of credit products and payment services ■ Structured Portfolio Finance with focus on senior tranches in CLOs, granular loan funds, and other assets, such as fund financing and consumer loan portfolios as diversification into broad range of granular assets in the US and Europe

Financials1

in € mn

H1 2025
H1 2024
Total Income
127
122
Loan loss provisions
-18
9
OpEx & regulatory costs
-49
-56
Net income after taxes
48
60
NIM in bps
358
390
Risk costs (loan loss prov.– %)2
-0.57
0.30
CIR in %
37
45
RoE3 in %
11.3
14.6
Gross new business in bn €
0.9
1.3

1) For further details on P&L please refer to the Segment Reporting 2) Risk Costs (LLP/ avg. b/s) 3) RoE after taxes based on a 15%-ratio of invested CET1 capital as reported

Rating

distribution in %

H1 2025

YE 2024

Corporates Lending

Structured Portfolio Finance

Invest-ment Grade

0.2
0.4
0.8
0.9

6-9

0.9
0.3
0.7
0.7

10-15

0.6
0.9
0.5
0.8

Default

0.3
0.4
0.9
0.7
See portfolio details