“Having a clear view on the risk-return profile of our client relationships and transactions is key – and this understanding is also at the core of our prudent international expansion, which supports our diversification strategy.”

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

2024
2023
Total Income
254
186
Loan loss provisions
-20
38
OpEx & regulatory costs
-112
-95
Net income after taxes
98
102
NIM in bps
376
349
Risk costs (loan loss prov.– %)2
-0.32
0.73
CIR in %
43
47
RoE3 in %
13.4
17.0
Gross new business in bn €
2.1
2.3

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 13%-ratio of invested CET1 capital as reported

Rating

distribution in %

2024

2023

Corporates Lending

Structured Portfolio Finance

Invest-ment Grade

0.4
0.2
0.9
0.3

6-9

0.3
0.1
0.7
0.2

10-15

0.9
0.7
0.8
0.1

Default

0.4
0.1
0.7
0.4
See portfolio details