"Pro-active risk management and increasing diversification has contributed to earnings stability, providing resilience in a challenging environment.”
Ulrik Lackschewitz, CRO
Credit Risk
Rating distribution total bank1
distribution in % (excl. Non-rated exposures)
H1 2025
YE 2024
1 (AAAA) – 1 (AA+)
0.4
0.7
1 (AA) – 1 (A-)
0.3
0.6
2-5
0.0
0.7
6-9
0.3
0.7
10-12
0.5
0.1
13-15
0.4
0.0
Default
0.9
0.9
1) Total EAD of 33.6bn € (YE 2024: 36.7bn €) also includes „Other exposures“ not shown here of 97mn € (YE 2024: 94mn €) for which there is no external rating available, such as receivables from third parties of the Bank‘s consolidated equity holdings and G/L accounts