"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)
2024
2023
1 (AAAA) – 1 (AA+)
0.7
0.2
1 (AA) – 1 (A-)
0.6
0.2
2-5
0.7
0.3
6-9
0.7
0.5
10-12
0.1
0.3
13-15
0.0
0.9
Default
0.9
0.3
1) Total EAD of 36.7bn € (YE 2023: 35.2bn €) also includes „Other exposures“ not shown here of 94mn € (YE 2023: 115mn €) 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