Deutsche Bank Results Presentation Deck
Commercial Real Estate (CRE) 1/2
CRE non-recourse portfolio: € 40bn
Non-recourse € 40bn - 8% of total loans¹
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€ 7bn deemed as lower risk, includes data centers
and municipal social housing
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€ 32bn in scope of dedicated severe stress test
CRE stress-tested loans € 32bn - 7% of total loans,
weighted average LTV -62%
IB € 22bn - weighted average LTV -64%
61% US, focused on gateway cities; 28% in Europe,
12% APAC
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CB € 6bn-weighted average LTV 54%
94% Europe, 6% US
Other € 4bn - weighted average LTV 63%
Geographically diverse, well located institutional quality
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assets
Strong institutional sponsors with significant cash equity
invested
Stress testing to identify loans with elevated refinancing
risk; pro-active engagement with borrowers to achieve
balanced loan extensions
Highly selective new business focused on more resilient
asset classes (e.g. industrial/logistics)
Notes: for footnotes refer to slides 44 and 45
Deutsche Bank
Investor Relations
Q3 2023 results
October 25, 2023
€ 32bn in scope of severe stress test
Of total loans
€ 485bn
Q3 2023
US Office:
<2%
Other CRE:
5%
By region
APAC
EU 38%
Other
Retail
8%
9%
€ 32bn
Q3 2023
By sector
25%
Residential
€ 32bn
13%
10%
54% US
43% Office
Hospitality
Q3 2023
)
EU
By region
APAC
1%
22%
Residential
€ 227m
77%
9M 2023
Hospitality 4%
CRE CLPs: € 227m
(of which US CRE € 175m)
Retail Other
7%
1%
€227m
11%
By sector
/
77%
9M 2023
US
Office
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